According to Fortune Business Insights™, the global remote sensing satellite market size was valued at USD 9.67 billion in 2022 and 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. This significant growth is driven by increased demand across civil, military, and government sectors for applications ranging from agriculture to disaster management.

What is Remote Sensing?

Remote sensing involves the collection of data from a distance using satellites. These satellites play a critical role in enhancing situational awareness, especially in scenarios with limited ground intelligence. Their applications span across industries, including weather forecasting, climate monitoring, agriculture, defense, and disaster response, making them indispensable for modern decision-making.

Key Market Players

Prominent companies contributing to the remote sensing satellite industry include:

• Maxar Technologies (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)

These key players are heavily involved in satellite manufacturing, data analytics, and Earth observation programs across the globe.