Remote Sensing Satellite Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Remote Sensing Satellite Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Remote Sensing Satellite Market

The remote sensing satellite market size was valued at USD 106.89 billion in 2022, and the market is now projected to grow from USD 112.45 billion in 2023 to USD 163.23 billion by 2030, exhibiting a CAGR of 5.5 % during the forecast period of 2023-2030.

The COVID-19 pandemic has highlighted the crucial importance of food protection management in the food enterprise, emphasizing the need for stringent private hygiene and worker education. Governments have replied by means of the use of promoting hygienic layout and engineering via various educational and regulatory measures. Food Safety Management Systems (FSMS) have reinforced thoughts based totally totally on Hazard Analysis and Critical Control Point (HACCP) to make certain compliance with food protection guidelines. This heightened attention objectives to mitigate risks and ensure safe meals deliver chain.

The agriculture industry is hastily modernizing, making use of faraway sensing to enhance crop yield and improvement. Satellites offer precious records for precision farming, assessing crop fitness, detecting irrigation inefficiency, and figuring out crop top through optical, LiDAR, thermal, and different sensors. This technological advancement is using the far-off sensing satellite tv for pc market.

Space organizations are integrating AI and ML with satellite tv for pc computers to decorate information analysis and accuracy. This generation allows satellites to process uncooked data onboard and transmit only critical facts, reaping rewards sectors like agriculture, weather tracking, natural world monitoring, and mapping. This advancement is expected to convert the marketplace outlook appreciably.

Comprehensive Analysis of Remote Sensing Satellite Market

The remote sensing satellite market growth Is growing at an exponential rate due to its market segmentation. This market enlargement effectively provides a detailed local assessment considering the dominant supply and call for forces that effect the industry. These segmentations are methodically segregated By Orbit Analysis, By Application Analysis, By End User Analysis, By Payload Analysis. By Orbit Analysis include LEO, MEO, GEO, and others. By Application Analysis include disaster management, weather forecasting, oceanography, ecology, and others. By End User Analysis include civil, military, and government.

The North America region lead the remote sensing satellite share by benefitting a market size of USD 3.22 billion in 2022 due to the growing demand for military satellites.

The top gamers in the marketplace play a important position in the industry assuring marketplace boom and placing marketplace standards. These players include Ramon.Space, Airbus, Planet Labs PBC, Umbra Lab Inc., Orbital Sidekick, Pixxel, Satellite Imaging Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Boeing, Thales Group, Indian Space Research Organization. Those marketplace players offer a level-gambling competitive panorama.

In January 2023, Indian startup Azista BST Aerospace gained a competitive edge with the aid of launching its first remote sensing satellite, AFR First Runner, from space release complex 4E in California.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2022

Growth Rate CAGR of 10.9% from 2023-2030

Unit Value (USD Billion)

Segmentation By Orbit, Application, End User, Payload, and Region

By Orbit

LEO

MEO

GEO

Others

By Application

Disaster Management

Weather Forecasting

Oceanography

Ecology

Others

By End User

Civil

Military

Government

By Payload

Less than 500 Kg

500 Kg to 1,000 Kg

Above 1,000 Kg

By Geography

North America (By Orbit, Application, End User, Payload, and Country)

- U.S. (By Orbit)

- Canada (By Orbit)

Europe (By Orbit, Application, End User, Payload, and Country)

- Germany (By Orbit)

- France (By Orbit)

- Russia (By Orbit)

- Italy (By Orbit)

- Luxembourg (By Orbit)

- Rest of Europe (By Orbit)

Asia Pacific (By Orbit, Application, End User, Payload, and Country)

- China (By Orbit)

- India (By Orbit)

- Japan (By Orbit)

- South Korea (By Orbit)

- Rest of Asia Pacific (By Orbit)

Middle East & Africa (By Orbit, Application, End User, Payload, and Country)

- U.A.E. (By Orbit)

- Israel (By Orbit)

- South Africa (By Orbit)

- Rest of Middle-East & Africa (By Orbit)

Latin America (By Orbit, Application, End User, Payload, and Country)

- Brazil (By Orbit)

- Argentina (By Orbit)

- Rest of Latin America (By Orbit)


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