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Remote Sensing Satellite Market Trends

Report ID: GMI12289
Published Date: Nov 2024
Report Format: PDF

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Remote Sensing Satellite Market Trends

The remote sensing satellite industry is growing rapidly, driven by new technology and increased demand for earth observation data. Companies and governments are using more high-resolution imaging sensors and adopting satellite-as-a-service models to access data more easily. By combining artificial intelligence and Internet of Things with satellite data analysis, remote sensing systems are becoming more accurate and can provide information in real-time. The rise of small nanosatellites and synthetic aperture radar (SAR) technology is changing how we monitor things like climate change, farming, and natural disasters. These advancements are making satellite data more useful and accessible for a wide range of applications.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for remote sensing satellite was valued at USD 41.4 billion in 2024 and is projected to reach USD 142.1 billion by 2034, driven by a CAGR of 13.4% from 2025 to 2034.

The Low Earth Orbit (LEO) segment is expected to grow at a CAGR of over 13% by 2034, driven by its ability to host smaller, more affordable satellites.

North America dominated the market with a 42.5% share in 2024, driven by technological advancements and substantial government funding in the U.S.

Major players in the industry include Airbus, BAE Systems, Beijing Smart Satellite, Blue Canyon Technologies, Boeing, Dhruva Space, and EnduroSat.