Remote Sensing Satellite Market Report: Trends, Forecast and Competitive Analysis to 2030

Remote Sensing Satellite Trends and Forecast

The future of the global remote sensing satellite market looks promising with opportunities in the civil, military, and government markets. The global remote sensing satellite market is expected to reach an estimated $19.4 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are advancements in agricultural monitoring techniques and technology, ongoing improvements in remote sensing technologies, as well as, rising investments in communication satellite specifically in developing countries.

A more than 150-page report is developed to help in your business decisions.

Remote Sensing Satellite by Segment

The study includes a forecast for the global remote sensing satellite by payload, application, end use, and region.

Remote Sensing Satellite Market by Payload [Shipment Analysis by Value from 2018 to 2030]:

• Less Than 500 Kg
• 500 Kg To 1,000 Kg
• Above 1,000 Kg

Remote Sensing Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Disaster Management
• Weather Forecasting
• Oceanography
• Ecology
• Others

Remote Sensing Satellite Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Civil
• Military
• Government
• Others

Remote Sensing Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Remote Sensing Satellite Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies remote sensing satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the remote sensing satellite companies profiled in this report include-

• Ramon Space
• Airbus
• Planet Labs
• Umbra Lab
• Orbital Sidekick
• Pixxel
• Satellite Imaging
• Lockheed Martin
• Northrop Grumman
• Boeing

Remote Sensing Satellite Market Insights

Lucintel forecasts that disaster management will remain the largest segment over the forecast period due to the extensive ussage of remote sensing satellites in humanitarian operations since the satellites can locate afflicted people and delivers help by detecting them through their imaging.

APAC is expected to witness highest growth over the forecast period due to rising demand for remote sensing in India, China, and South Korea in the field of mining, forestry, agriculture, and energy, as well as, private players focusing on developing cutting-edge technologies that is integrated with satellites and enhancement of market progress.

Features of the Global Remote Sensing Satellite Market

Market Size Estimates: Remote sensing satellite market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Remote sensing satellite market size by various segments, such as by application, end use , and region in terms of value ($B).

Regional Analysis: Remote sensing satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different application, end use , , and regions for the remote sensing satellite market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the remote sensing satellite market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the remote sensing satellite market size?

Answer: The global remote sensing satellite market is expected to reach an estimated $19.4 billion by 2030.

Q.2 What is the growth forecast for remote sensing satellite market?

Answer: The global remote sensing satellite market is expected to grow with a CAGR of 9.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the remote sensing satellite market?

Answer: The major drivers for this market are advancements in agricultural monitoring techniques and technology, ongoing improvements in remote sensing technologies, as well as, rising investments in communication satellite specifically in developing countries.

Q4. What are the major segments for remote sensing satellite market?

Answer: The future of the global remote sensing satellite market looks promising with opportunities in the civil, military, and government markets.

Q5. Who are the key Remote Sensing Satellite Market companies?

Answer: Some of the key remote sensing satellite companies are as follows:

• Ramon Space
• Airbus
• Planet Labs
• Umbra Lab
• Orbital Sidekick
• Pixxel
• Satellite Imaging
• Lockheed Martin
• Northrop Grumman
• Boeing

Q6. Which remote sensing satellite market segment will be the largest in future?

Answer: Lucintel forecasts that disaster management will remain the largest segment over the forecast period due to the extensive ussage of remote sensing satellites in humanitarian operations since the satellites can locate afflicted people and delivers help by detecting them through their imaging.

Q7. In remote sensing satellite market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for remote sensing in India, China, and South Korea in the field of mining, forestry, agriculture, and energy, as well as, private players focusing on developing cutting-edge technologies that is integrated with satellites and enhancement of market progress.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the remote sensing satellite market by payload (less than 500 kg, 500 kg to 1,000 kg, and above 1,000 kg), application (disaster management, weather forecasting, oceanography, ecology, and others), end use (civil, military, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?