Remote Sensing Satellite Market Size and Share: 2021 to 2031
The Remote Sensing Satellite Market is expected to register a CAGR of 10.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by System (SATCOM, Radar, EO/IR, Others). The report further presents analysis based on the Application (Earth Observation, Telecommunication, Mapping and Navigation, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Remote Sensing Satellite Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Remote Sensing Satellite Market Segmentation
System- SATCOM
- Radar
- EO/IR
- Others
- Earth Observation
- Telecommunication
- Mapping and Navigation
- Others
Strategic Insights
Remote Sensing Satellite Market Growth Drivers- Exponential Demand for Earth Observation Data: The demand for remote sensing satellites is primarily driven by an increasing demand in appropriate and prompt data regarding the surface and atmosphere of Earth. Organizations involved in agriculture, forestry, urban planning, and natural calamity management use applications of data satellites for purposes of developing constant changes in the environment, resource management, and strategic planning and development. More applications positively impact growth in the market because more industries will find worth in having insights gained through satellites.
- Advancements in satellite technology: These are primarily rapid progressions where advances in sensors and smaller component sizes of a satellite are rampant. High-resolution images, multispectral and hyperspectral sensors, and advanced data processing facilitation bring remote sensing to even richer and varied uses that up the appeal for users from various industries.
- Extended Market for Commercial Use: Remote sensing satellites hold tremendous potential beyond their traditional uses mandated by the governments and military forces. In the last couple of years, companies providing business insurance, real estate companies, monitoring environmental organizations, and more are using satellite information to conduct risk assessment, property valuation, and compliance auditing-those are expansion markets for satellite owners and vendors of services.
- New Opportunities in Emerging Economies: Some emerging economies are embracing the satellite technology for upgrading resource management, urban planning as well as emergency responses. Companies operating in the market of remote sensing satellites will have a chance to boost growth services and technologies within these economies seeking new customers and partnerships.
- Trend of Small Satellites and Constellations: An emerging trend towards the launch of small satellites and satellite constellations is there. For instance, as all of these satellites were launched, seamless and holistic coverage of certain areas was initiated by small and cost-efficient satellites, which enhances data collectivity in terms of frequency and resolution to reshape the market landscape as well as to improve access to remoteness at affordable prices.
- Integration of artificial intelligence and big data analysis: The integration of artificial intelligence with big data analysis is perhaps the most advanced practice in the remote sensing applications area. These technologies are capable of performing more complex data analysis, therefore allowing users to draw actionable insights from massive satellite data sets with an ever-increasing value out of remote sensing services, hence providing an impetus for advanced analytics capabilities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Remote Sensing Satellite Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Remote Sensing Satellite Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Remote Sensing Satellite Market include AABSyS IT Pvt. Ltd, Airbus S.A.S., BALL CORPORATION, Lockheed Martin Corporation, Northrop Grumman, Pixxel Space, Planet Labs Inc., Satellite Imaging Corporation, Thales Group, The Boeing Company
Trend of Small Satellites and Constellations and Integration of artificial intelligence and big data analysis are the key future trends of the Remote Sensing Satellite Market
The Remote Sensing Satellite Market is estimated to witness a CAGR of 10.5% from 2023 to 2031
The major factors driving the Remote Sensing Satellite Market are: Exponential Demand for Earth Observation Data and Advancements in satellite technology
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Remote Sensing Satellite Market - By System
1.3.2 Remote Sensing Satellite Market - By Application
1.3.3 Remote Sensing Satellite Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REMOTE SENSING SATELLITE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. REMOTE SENSING SATELLITE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. REMOTE SENSING SATELLITE MARKET - GLOBAL MARKET ANALYSIS
6.1. REMOTE SENSING SATELLITE - GLOBAL MARKET OVERVIEW
6.2. REMOTE SENSING SATELLITE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REMOTE SENSING SATELLITE MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
7.1. OVERVIEW
7.2. SYSTEM MARKET FORECASTS AND ANALYSIS
7.3. SATCOM
7.3.1. Overview
7.3.2. SATCOM Market Forecast and Analysis
7.4. RADAR
7.4.1. Overview
7.4.2. Radar Market Forecast and Analysis
7.5. EO/IR
7.5.1. Overview
7.5.2. EO/IR Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. REMOTE SENSING SATELLITE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. EARTH OBSERVATION
8.3.1. Overview
8.3.2. Earth Observation Market Forecast and Analysis
8.4. TELECOMMUNICATION
8.4.1. Overview
8.4.2. Telecommunication Market Forecast and Analysis
8.5. MAPPING AND NAVIGATION
8.5.1. Overview
8.5.2. Mapping and Navigation Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. REMOTE SENSING SATELLITE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Remote Sensing Satellite Market Overview
9.1.2 North America Remote Sensing Satellite Market Forecasts and Analysis
9.1.3 North America Remote Sensing Satellite Market Forecasts and Analysis - By System
9.1.4 North America Remote Sensing Satellite Market Forecasts and Analysis - By Application
9.1.5 North America Remote Sensing Satellite Market Forecasts and Analysis - By Countries
9.1.5.1 United States Remote Sensing Satellite Market
9.1.5.1.1 United States Remote Sensing Satellite Market by System
9.1.5.1.2 United States Remote Sensing Satellite Market by Application
9.1.5.2 Canada Remote Sensing Satellite Market
9.1.5.2.1 Canada Remote Sensing Satellite Market by System
9.1.5.2.2 Canada Remote Sensing Satellite Market by Application
9.1.5.3 Mexico Remote Sensing Satellite Market
9.1.5.3.1 Mexico Remote Sensing Satellite Market by System
9.1.5.3.2 Mexico Remote Sensing Satellite Market by Application
9.2. EUROPE
9.2.1 Europe Remote Sensing Satellite Market Overview
9.2.2 Europe Remote Sensing Satellite Market Forecasts and Analysis
9.2.3 Europe Remote Sensing Satellite Market Forecasts and Analysis - By System
9.2.4 Europe Remote Sensing Satellite Market Forecasts and Analysis - By Application
9.2.5 Europe Remote Sensing Satellite Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Remote Sensing Satellite Market
9.2.5.1.1 Germany Remote Sensing Satellite Market by System
9.2.5.1.2 Germany Remote Sensing Satellite Market by Application
9.2.5.2 France Remote Sensing Satellite Market
9.2.5.2.1 France Remote Sensing Satellite Market by System
9.2.5.2.2 France Remote Sensing Satellite Market by Application
9.2.5.3 Italy Remote Sensing Satellite Market
9.2.5.3.1 Italy Remote Sensing Satellite Market by System
9.2.5.3.2 Italy Remote Sensing Satellite Market by Application
9.2.5.4 United Kingdom Remote Sensing Satellite Market
9.2.5.4.1 United Kingdom Remote Sensing Satellite Market by System
9.2.5.4.2 United Kingdom Remote Sensing Satellite Market by Application
9.2.5.5 Russia Remote Sensing Satellite Market
9.2.5.5.1 Russia Remote Sensing Satellite Market by System
9.2.5.5.2 Russia Remote Sensing Satellite Market by Application
9.2.5.6 Rest of Europe Remote Sensing Satellite Market
9.2.5.6.1 Rest of Europe Remote Sensing Satellite Market by System
9.2.5.6.2 Rest of Europe Remote Sensing Satellite Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Remote Sensing Satellite Market Overview
9.3.2 Asia-Pacific Remote Sensing Satellite Market Forecasts and Analysis
9.3.3 Asia-Pacific Remote Sensing Satellite Market Forecasts and Analysis - By System
9.3.4 Asia-Pacific Remote Sensing Satellite Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Remote Sensing Satellite Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Remote Sensing Satellite Market
9.3.5.1.1 Australia Remote Sensing Satellite Market by System
9.3.5.1.2 Australia Remote Sensing Satellite Market by Application
9.3.5.2 China Remote Sensing Satellite Market
9.3.5.2.1 China Remote Sensing Satellite Market by System
9.3.5.2.2 China Remote Sensing Satellite Market by Application
9.3.5.3 India Remote Sensing Satellite Market
9.3.5.3.1 India Remote Sensing Satellite Market by System
9.3.5.3.2 India Remote Sensing Satellite Market by Application
9.3.5.4 Japan Remote Sensing Satellite Market
9.3.5.4.1 Japan Remote Sensing Satellite Market by System
9.3.5.4.2 Japan Remote Sensing Satellite Market by Application
9.3.5.5 South Korea Remote Sensing Satellite Market
9.3.5.5.1 South Korea Remote Sensing Satellite Market by System
9.3.5.5.2 South Korea Remote Sensing Satellite Market by Application
9.3.5.6 Rest of Asia-Pacific Remote Sensing Satellite Market
9.3.5.6.1 Rest of Asia-Pacific Remote Sensing Satellite Market by System
9.3.5.6.2 Rest of Asia-Pacific Remote Sensing Satellite Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Remote Sensing Satellite Market Overview
9.4.2 Middle East and Africa Remote Sensing Satellite Market Forecasts and Analysis
9.4.3 Middle East and Africa Remote Sensing Satellite Market Forecasts and Analysis - By System
9.4.4 Middle East and Africa Remote Sensing Satellite Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Remote Sensing Satellite Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Remote Sensing Satellite Market
9.4.5.1.1 South Africa Remote Sensing Satellite Market by System
9.4.5.1.2 South Africa Remote Sensing Satellite Market by Application
9.4.5.2 Saudi Arabia Remote Sensing Satellite Market
9.4.5.2.1 Saudi Arabia Remote Sensing Satellite Market by System
9.4.5.2.2 Saudi Arabia Remote Sensing Satellite Market by Application
9.4.5.3 U.A.E Remote Sensing Satellite Market
9.4.5.3.1 U.A.E Remote Sensing Satellite Market by System
9.4.5.3.2 U.A.E Remote Sensing Satellite Market by Application
9.4.5.4 Rest of Middle East and Africa Remote Sensing Satellite Market
9.4.5.4.1 Rest of Middle East and Africa Remote Sensing Satellite Market by System
9.4.5.4.2 Rest of Middle East and Africa Remote Sensing Satellite Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Remote Sensing Satellite Market Overview
9.5.2 South and Central America Remote Sensing Satellite Market Forecasts and Analysis
9.5.3 South and Central America Remote Sensing Satellite Market Forecasts and Analysis - By System
9.5.4 South and Central America Remote Sensing Satellite Market Forecasts and Analysis - By Application
9.5.5 South and Central America Remote Sensing Satellite Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Remote Sensing Satellite Market
9.5.5.1.1 Brazil Remote Sensing Satellite Market by System
9.5.5.1.2 Brazil Remote Sensing Satellite Market by Application
9.5.5.2 Rest of South and Central America Remote Sensing Satellite Market
9.5.5.2.1 Rest of South and Central America Remote Sensing Satellite Market by System
9.5.5.2.2 Rest of South and Central America Remote Sensing Satellite Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. REMOTE SENSING SATELLITE MARKET, KEY COMPANY PROFILES
11.1. AABSYS IT PVT. LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIRBUS S.A.S.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BALL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LOCKHEED MARTIN CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NORTHROP GRUMMAN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PIXXEL SPACE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PLANET LABS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SATELLITE IMAGING CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THALES GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE BOEING COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AABSyS IT Pvt. Ltd
2. Airbus S.A.S.
3. BALL CORPORATION
4. Lockheed Martin Corporation
5. Northrop Grumman
6. Pixxel Space
7. Planet Labs Inc.
8. Satellite Imaging Corporation
9. Thales Group
10. The Boeing Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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