According to Fortune Business Insights, the global remote sensing satellite market size was valued at USD 9.67 billion in 2022. The market is projected to grow from USD 14.11 billion in 2023 to USD 29.19 billion by 2030, exhibiting a CAGR of 10.9% during the forecast period.

Remote sensing is the integration of data from a distance. Remote sensing satellites are used in the military, government, and civil sectors. The satellites provide enhanced situational awareness to the user, making them essential during missions with less on-ground surveillance and intelligence data. Growing demand in agriculture, weather forecasting, climate observation, and other areas will augur well for the market over the forthcoming years.

Fortune Business Insights™ mentioned this in a report titled “Remote Sensing Satellite Market Size, Share, Trends, Forecast, 2023-2030.”

List of Key Players Present in the Report-

• Space (U.S.)
• Airbus (France)
• Planet Labs PBC (U.S.)
• Umbra Lab Inc. (U.S.)
• Orbital Sidekick (U.S.)
• Pixxel (India)
• Satellite Imaging Corporation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Boeing (U.S.)
• Thales Group (France)
• Indian Space Research Organization (India)

Information Source-

https://www.fortunebusinessinsights.com/remote-sensing-satellite-market-107838