Remote Sensing Satellite Market Forecasts to 2030 – Global Analysis By Orbit Type (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO) and Polar Orbit), Component, Platform, Technology, Application, End User and By Geography

Remote Sensing Satellite Market Forecasts to 2030 – Global Analysis By Orbit Type (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO) and Polar Orbit), Component, Platform, Technology, Application, End User and By Geography


According to Stratistics MRC, the Global Remote Sensing Satellite Market is accounted for $10.91 billion in 2023 and is expected to reach $25.52 billion by 2030 growing at a CAGR of 12.9% during the forecast period. Remote sensing satellites are artificial satellites equipped with sensors to observe earth's surface from space. They capture data through electromagnetic radiation, including visible light, infrared, and microwaves, to generate images and gather information about various environmental features such as land use, vegetation, and ocean currents. These satellites play a crucial role in decision-making processes, contributing to better understanding and management of Earth's resources and ecosystems.

According to the Indian Space Research Organization's plans 2023, ten more earth observation satellites will be launched in the next 5 years, enhancing India's strategic surveillance and defense capabilities with advanced remote sensing and intelligence gathering technologies.

Market Dynamics:

Driver:

Increasing demand for earth observation data

Remote sensing satellites provide a cost-effective means of acquiring large-scale, high-resolution imagery and data, enabling organizations to make informed decisions, optimize resource management, and respond effectively to emergencies. Earth observation data also fuels investments in satellite development, deployment, and data services. As demand for real-time and comprehensive earth observation data continues to rise, the remote sensing satellite market experiences growth opportunities driven by the need for reliable and actionable information on a global scale.

Restraint:

Limited access to spectrum frequencies

Remote sensing satellites face limited access to spectrum frequencies due to regulatory constraints and competition for bandwidth allocation. Governments allocate specific frequency bands for satellite communication, which may become crowded or oversubscribed, restricting available spectrum for new satellites. This limitation hampers market growth by constraining the number of satellites that can operate simultaneously and the quality of data transmission.

Opportunity:

Rising investments in space exploration

Increased funding for space exploration propels developments in satellite technology for remote sensing, improving earth observation capabilities. These satellites provide essential data for a number of industries, including as disaster management, agriculture, environmental monitoring, and defence. More financing results in the creation of enhanced satellites with better data processing, wider coverage, and higher quality images. The market sees a spike in deployment and exploitation due to the increased demand for global monitoring and actionable insights, which propels innovation and competition in the space industry.

Threat:

High initial investments

Remote sensing satellites require substantial initial investments due to the complex engineering, manufacturing, and testing processes involved in their development. Additionally, costs associated with launching satellites into orbit and establishing ground infrastructure further contribute to the high initial investment. These expenses create barriers to entry for smaller companies and start-ups. Moreover, the significant capital requirements may deter potential investors and governments from investing in remote sensing satellite projects, thereby impeding market growth and the advancement of earth observation technologies.

Covid-19 Impact

The covid-19 pandemic has had a mixed impact on the remote sensing satellite market. While initial disruptions in manufacturing and supply chains slowed down production, the need for remote sensing data surged as governments and industries sought solutions for pandemic-related challenges. Remote sensing satellites proved invaluable for monitoring environmental changes, tracking the spread of the virus, and aiding in disaster response efforts. As the world adapts to new norms, the market is expected to rebound, driven by increasing demand for satellite data in various sectors, including healthcare, agriculture, and urban planning.

The multispectral imaging segment is expected to be the largest during the forecast period

The multispectral imaging segment is estimated to have a lucrative growth. Multispectral imaging in remote sensing satellites involves capturing and analyzing electromagnetic radiation across multiple spectral bands. These satellites use sensors to detect radiation reflected or emitted by Earth's surface, providing valuable data for various applications. It enables detailed analysis of land use, crop health, water quality, and urban development. With advancements in satellite technology, multispectral imaging continues to play a crucial role in remote sensing, facilitating better understanding and management of Earth's resources.

The weather forecasting segment is expected to have the highest CAGR during the forecast period

The weather forecasting segment is anticipated to witness the highest CAGR growth during the forecast period. Remote sensing satellites are integral to weather forecasting applications, offering vital data for meteorological analysis. These satellites use specialized sensors to observe atmospheric conditions. This data helps meteorologists anticipate and track weather systems, issue timely warnings for severe weather events like hurricanes, cyclones, and storms, and improve long-term climate forecasting. Remote sensing satellites enhance the accuracy and reliability of weather forecasts, enabling better preparation and response to weather-related hazards.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid urbanization, industrialization and increasing environmental concerns. Government initiatives to enhance national security and disaster management capabilities further propel market expansion. Additionally, advancements in satellite technology and the emergence of innovative applications are fostering market growth. With countries like China, India, and Japan investing heavily in space programs, the Asia-Pacific region is poised to become a key hub for remote sensing satellite development and deployment.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to technological innovations, government initiatives, and diverse applications. The region hosts several prominent satellite manufacturers and operators, contributing to market growth. Government agencies like NASA and NOAA leverage remote sensing satellites for Earth observation, weather forecasting, and environmental monitoring. The increasing demand for high-resolution imagery and geospatial data fuels market expansion, positioning North America as a leader in remote sensing satellite technology and services.

Key players in the market

Some of the key players profiled in the Remote Sensing Satellite Market include Maxar Technologies Inc., Airbus Defence and Space, Thales Group, Ball Aerospace & Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies Inc., Planet Labs Inc., Surrey Satellite Technology Limited (SSTL), Indian Space Research Organization (ISRO), BlackSky Global, Iceye, Capella Space, Spire Global Inc. and Skybox Imaging.

Key Developments:

In January 2024, the Indian Space Research Organization (ISRO) and NASA plan to launch a joint remote sensing satellite for Earth observation in the first quarter of 2024. The satellite is named NASA-ISRO Synthetic Aperture Radar (NISAR) and will be launched on ISRO's GSLV. The satellite is designed to study natural processes and changes in Earth's ecosystems. The data from NISAR will be used to study land ecosystems, deformation of solid Earth, mountain and polar cryosphere, sea ice, and coastal oceans.

In April 2023, Maxar Technologies launched its first next-generation imaging satellites WorldView Legion. The six-satellite Legion constellation is key to the future of the company’s Earth intelligence division which currently relies on three legacy WorldView and one GeoEye optical imaging satellites.

Orbit Types Covered:
• Low Earth Orbit (LEO)
• Medium Earth Orbit (MEO)
• Geostationary Orbit (GEO)
• Polar Orbit

Components Covered:
• Sensors
• Antennas
• Payloads
• Telemetry
• Power Systems
• Propulsion Systems
• Other Components

Platforms Covered:
• Satellite
• Airborne
• Unmanned Aerial Vehicle (UAV)

Technologies Covered:
• Passive Remote Sensing
• Active Remote Sensing
• Multispectral Imaging
• Radar Imaging
• Light Detection and Ranging (LiDAR)

Applications Covered:
• Infrastructure Development
• Disaster Management
• Weather Forecasting
• Oceanography
• Forestry
• Urban Planning
• Other Applications

End Users Covered:
• Government & Defense
• Commercial
• Civil
• Non-profit Organizations
• Research & Academic Institutions
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Remote Sensing Satellite Market, By Orbit Type
5.1 Introduction
5.2 Low Earth Orbit (LEO)
5.3 Medium Earth Orbit (MEO)
5.4 Geostationary Orbit (GEO)
5.5 Polar Orbit
6 Global Remote Sensing Satellite Market, By Component
6.1 Introduction
6.2 Sensors
6.3 Antennas
6.4 Payloads
6.5 Telemetry
6.6 Power Systems
6.7 Propulsion Systems
6.8 Other Components
7 Global Remote Sensing Satellite Market, By Platform
7.1 Introduction
7.2 Satellite
7.3 Airborne
7.4 Unmanned Aerial Vehicle (UAV)
8 Global Remote Sensing Satellite Market, By Technology
8.1 Introduction
8.2 Passive Remote Sensing
8.3 Active Remote Sensing
8.4 Multispectral Imaging
8.5 Radar Imaging
8.6 Light Detection and Ranging (LiDAR)
9 Global Remote Sensing Satellite Market, By Application
9.1 Introduction
9.2 Infrastructure Development
9.3 Disaster Management
9.4 Weather Forecasting
9.5 Oceanography
9.6 Forestry
9.7 Urban Planning
9.8 Other Applications
10 Global Remote Sensing Satellite Market, By End User
10.1 Introduction
10.2 Government & Defense
10.3 Commercial
10.4 Civil
10.5 Non-profit Organizations
10.6 Research & Academic Institutions
10.7 Other End Users
11 Global Remote Sensing Satellite Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Maxar Technologies Inc.
13.2 Airbus Defence and Space
13.3 Thales Group
13.4 Ball Aerospace & Technologies Corporation
13.5 Lockheed Martin Corporation
13.6 Northrop Grumman Corporation
13.7 L3Harris Technologies Inc.
13.8 Planet Labs Inc.
13.9 Surrey Satellite Technology Limited (SSTL)
13.10 Indian Space Research Organization (ISRO)
13.11 BlackSky Global
13.12 Iceye
13.13 Capella Space
13.14 Spire Global Inc.
13.15 Skybox Imaging
List of Tables
Table 1 Global Remote Sensing Satellite Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Remote Sensing Satellite Market Outlook, By Orbit Type (2021-2030) ($MN)
Table 3 Global Remote Sensing Satellite Market Outlook, By Low Earth Orbit (LEO) (2021-2030) ($MN)
Table 4 Global Remote Sensing Satellite Market Outlook, By Medium Earth Orbit (MEO) (2021-2030) ($MN)
Table 5 Global Remote Sensing Satellite Market Outlook, By Geostationary Orbit (GEO) (2021-2030) ($MN)
Table 6 Global Remote Sensing Satellite Market Outlook, By Polar Orbit (2021-2030) ($MN)
Table 7 Global Remote Sensing Satellite Market Outlook, By Component (2021-2030) ($MN)
Table 8 Global Remote Sensing Satellite Market Outlook, By Sensors (2021-2030) ($MN)
Table 9 Global Remote Sensing Satellite Market Outlook, By Antennas (2021-2030) ($MN)
Table 10 Global Remote Sensing Satellite Market Outlook, By Payloads (2021-2030) ($MN)
Table 11 Global Remote Sensing Satellite Market Outlook, By Telemetry (2021-2030) ($MN)
Table 12 Global Remote Sensing Satellite Market Outlook, By Power Systems (2021-2030) ($MN)
Table 13 Global Remote Sensing Satellite Market Outlook, By Propulsion Systems (2021-2030) ($MN)
Table 14 Global Remote Sensing Satellite Market Outlook, By Other Components (2021-2030) ($MN)
Table 15 Global Remote Sensing Satellite Market Outlook, By Platform (2021-2030) ($MN)
Table 16 Global Remote Sensing Satellite Market Outlook, By Satellite (2021-2030) ($MN)
Table 17 Global Remote Sensing Satellite Market Outlook, By Airborne (2021-2030) ($MN)
Table 18 Global Remote Sensing Satellite Market Outlook, By Unmanned Aerial Vehicle (UAV) (2021-2030) ($MN)
Table 19 Global Remote Sensing Satellite Market Outlook, By Technology (2021-2030) ($MN)
Table 20 Global Remote Sensing Satellite Market Outlook, By Passive Remote Sensing (2021-2030) ($MN)
Table 21 Global Remote Sensing Satellite Market Outlook, By Active Remote Sensing (2021-2030) ($MN)
Table 22 Global Remote Sensing Satellite Market Outlook, By Multispectral Imaging (2021-2030) ($MN)
Table 23 Global Remote Sensing Satellite Market Outlook, By Radar Imaging (2021-2030) ($MN)
Table 24 Global Remote Sensing Satellite Market Outlook, By Light Detection and Ranging (LiDAR) (2021-2030) ($MN)
Table 25 Global Remote Sensing Satellite Market Outlook, By Application (2021-2030) ($MN)
Table 26 Global Remote Sensing Satellite Market Outlook, By Infrastructure Development (2021-2030) ($MN)
Table 27 Global Remote Sensing Satellite Market Outlook, By Disaster Management (2021-2030) ($MN)
Table 28 Global Remote Sensing Satellite Market Outlook, By Weather Forecasting (2021-2030) ($MN)
Table 29 Global Remote Sensing Satellite Market Outlook, By Oceanography (2021-2030) ($MN)
Table 30 Global Remote Sensing Satellite Market Outlook, By Forestry (2021-2030) ($MN)
Table 31 Global Remote Sensing Satellite Market Outlook, By Urban Planning (2021-2030) ($MN)
Table 32 Global Remote Sensing Satellite Market Outlook, By Other Applications (2021-2030) ($MN)
Table 33 Global Remote Sensing Satellite Market Outlook, By End User (2021-2030) ($MN)
Table 34 Global Remote Sensing Satellite Market Outlook, By Government & Defense (2021-2030) ($MN)
Table 35 Global Remote Sensing Satellite Market Outlook, By Commercial (2021-2030) ($MN)
Table 36 Global Remote Sensing Satellite Market Outlook, By Civil (2021-2030) ($MN)
Table 37 Global Remote Sensing Satellite Market Outlook, By Non-profit Organizations (2021-2030) ($MN)
Table 38 Global Remote Sensing Satellite Market Outlook, By Research & Academic Institutions (2021-2030) ($MN)
Table 39 Global Remote Sensing Satellite Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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