The global market for Satellite Remote Sensing is estimated at US$3.0 Billion in 2023 and is projected to reach US$5.7 Billion by 2030, growing at a CAGR of 9.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the satellite remote sensing market is driven by several factors. Increasing demand for real-time and high-resolution data in various sectors, such as agriculture, forestry, and urban planning, is a primary driver, as these industries seek to leverage accurate satellite data for decision-making and resource management. The rising frequency and intensity of natural disasters due to climate change have heightened the need for advanced monitoring and early warning systems, further boosting the demand for satellite remote sensing. Additionally, government investments in space infrastructure and satellite technology, coupled with international collaborations and partnerships, are propelling market expansion.
The emergence of commercial satellite operators and the decreasing cost of satellite launches have also made satellite remote sensing more accessible and affordable. Furthermore, the continuous development of innovative applications, such as precision agriculture, environmental conservation, and disaster response, underscores the growing importance and dynamic evolution of the satellite remote sensing market.
The growth in the satellite remote sensing market is driven by several factors. Increasing demand for real-time and high-resolution data in various sectors, such as agriculture, forestry, and urban planning, is a primary driver, as these industries seek to leverage accurate satellite data for decision-making and resource management. The rising frequency and intensity of natural disasters due to climate change have heightened the need for advanced monitoring and early warning systems, further boosting the demand for satellite remote sensing. Additionally, government investments in space infrastructure and satellite technology, coupled with international collaborations and partnerships, are propelling market expansion.
The emergence of commercial satellite operators and the decreasing cost of satellite launches have also made satellite remote sensing more accessible and affordable. Furthermore, the continuous development of innovative applications, such as precision agriculture, environmental conservation, and disaster response, underscores the growing importance and dynamic evolution of the satellite remote sensing market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Military & Intelligence Application segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 8.9%. The Agriculture & Living Resources Application segment is also set to grow at 9.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 11.7% CAGR to reach $832.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Satellite Remote Sensing Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Satellite Remote Sensing Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Satellite Remote Sensing Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AABSyS IT Pvt. Ltd., Airbus Defence and Space, Ball Aerospace & Technologies Corp., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 109 Featured):
- AABSyS IT Pvt. Ltd.
- Airbus Defence and Space
- Ball Aerospace & Technologies Corp.
- Boeing Company
- Esri
- ImageSat International N.V.
- Lockheed Martin Corporation
- Maxar Technologies Inc.
- Mitsubishi Electric Corp.
- Northrop Grumman Corporation
- PixxelSpace India Private Limited
- Planet Labs PBC
- Remote Sensing Solutions GmbH
- Satellite Imaging Corporation (SIC)
- Thales Group
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- AABSyS IT Pvt. Ltd.
- Airbus Defence and Space
- Ball Aerospace & Technologies Corp.
- Boeing Company
- Esri
- ImageSat International N.V.
- Lockheed Martin Corporation
- Maxar Technologies Inc.
- Mitsubishi Electric Corp.
- Northrop Grumman Corporation
- PixxelSpace India Private Limited
- Planet Labs PBC
- Remote Sensing Solutions GmbH
- Satellite Imaging Corporation (SIC)
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 395 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 5.7 Billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
