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Remote Sensing Satellite Trends and Forecast
The future of the global remote sensing satellite market looks promising with opportunities in the civil, military, and government markets. The global remote sensing satellite market is expected to reach an estimated $19.4 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are advancements in agricultural monitoring techniques and technology, ongoing improvements in remote sensing technologies, as well as, rising investments in communication satellite specifically in developing countries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Remote Sensing Satellite by Segment
The study includes a forecast for the global remote sensing satellite by payload, application, end use, and region.
Remote Sensing Satellite Market by Payload [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 500 Kg
• 500 Kg To 1,000 Kg
• Above 1,000 Kg
Remote Sensing Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Disaster Management
• Weather Forecasting
• Oceanography
• Ecology
• Others
Remote Sensing Satellite Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Civil
• Military
• Government
• Others
Remote Sensing Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Remote Sensing Satellite Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies remote sensing satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the remote sensing satellite companies profiled in this report include-
• Ramon Space
• Airbus
• Planet Labs
• Umbra Lab
• Orbital Sidekick
• Pixxel
• Satellite Imaging
• Lockheed Martin
• Northrop Grumman
• Boeing
Remote Sensing Satellite Market Insights
Lucintel forecasts that disaster management will remain the largest segment over the forecast period due to the extensive ussage of remote sensing satellites in humanitarian operations since the satellites can locate afflicted people and delivers help by detecting them through their imaging.
APAC is expected to witness highest growth over the forecast period due to rising demand for remote sensing in India, China, and South Korea in the field of mining, forestry, agriculture, and energy, as well as, private players focusing on developing cutting-edge technologies that is integrated with satellites and enhancement of market progress.
Features of the Global Remote Sensing Satellite Market
Market Size Estimates: Remote sensing satellite market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Remote sensing satellite market size by various segments, such as by application, end use , and region in terms of value ($B).
Regional Analysis: Remote sensing satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different application, end use , , and regions for the remote sensing satellite market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the remote sensing satellite market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the remote sensing satellite market size?
Answer: The global remote sensing satellite market is expected to reach an estimated $19.4 billion by 2030.
Q.2 What is the growth forecast for remote sensing satellite market?
Answer: The global remote sensing satellite market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the remote sensing satellite market?
Answer: The major drivers for this market are advancements in agricultural monitoring techniques and technology, ongoing improvements in remote sensing technologies, as well as, rising investments in communication satellite specifically in developing countries.
Q4. What are the major segments for remote sensing satellite market?
Answer: The future of the global remote sensing satellite market looks promising with opportunities in the civil, military, and government markets.
Q5. Who are the key Remote Sensing Satellite Market companies?
Answer: Some of the key remote sensing satellite companies are as follows:
• Ramon Space
• Airbus
• Planet Labs
• Umbra Lab
• Orbital Sidekick
• Pixxel
• Satellite Imaging
• Lockheed Martin
• Northrop Grumman
• Boeing
Q6. Which remote sensing satellite market segment will be the largest in future?
Answer: Lucintel forecasts that disaster management will remain the largest segment over the forecast period due to the extensive ussage of remote sensing satellites in humanitarian operations since the satellites can locate afflicted people and delivers help by detecting them through their imaging.
Q7. In remote sensing satellite market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for remote sensing in India, China, and South Korea in the field of mining, forestry, agriculture, and energy, as well as, private players focusing on developing cutting-edge technologies that is integrated with satellites and enhancement of market progress.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the remote sensing satellite market by payload (less than 500 kg, 500 kg to 1,000 kg, and above 1,000 kg), application (disaster management, weather forecasting, oceanography, ecology, and others), end use (civil, military, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Remote Sensing Satellite Market, Remote Sensing Satellite Market Size, Remote Sensing Satellite Market Growth, Remote Sensing Satellite Market Analysis, Remote Sensing Satellite Market Report, Remote Sensing Satellite Market Share, Remote Sensing Satellite Market Trends, Remote Sensing Satellite Market Forecast, Remote Sensing Satellite Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Remote Sensing Satellite Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Remote Sensing Satellite Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Remote Sensing Satellite Market by Payload
3.3.1: Less than 500 Kg
3.3.2: 500 Kg to 1,000 Kg
3.3.3: Above 1,000 Kg
3.4: Global Remote Sensing Satellite Market by Application
3.4.1: Disaster Management
3.4.2: Weather Forecasting
3.4.3: Oceanography
3.4.4: Ecology
3.4.5: Others
3.5: Global Remote Sensing Satellite Market by End Use
3.5.1: Civil
3.5.2: Military
3.5.3: Government
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Remote Sensing Satellite Market by Region
4.2: North American Remote Sensing Satellite Market
4.2.1: North American Remote Sensing Satellite Market by Application: Disaster Management, Weather Forecasting, Oceanography, Ecology, and Others
4.2.2: North American Remote Sensing Satellite Market by End Use: Civil, Military, Government, and Others
4.3: European Remote Sensing Satellite Market
4.3.1: European Remote Sensing Satellite Market by Application: Disaster Management, Weather Forecasting, Oceanography, Ecology, and Others
4.3.2: European Remote Sensing Satellite Market by End Use: Civil, Military, Government, and Others
4.4: APAC Remote Sensing Satellite Market
4.4.1: APAC Remote Sensing Satellite Market by Application: Disaster Management, Weather Forecasting, Oceanography, Ecology, and Others
4.4.2: APAC Remote Sensing Satellite Market by End Use: Civil, Military, Government, and Others
4.5: ROW Remote Sensing Satellite Market
4.5.1: ROW Remote Sensing Satellite Market by Application: Disaster Management, Weather Forecasting, Oceanography, Ecology, and Others
4.5.2: ROW Remote Sensing Satellite Market by End Use: Civil, Military, Government, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Remote Sensing Satellite Market by Payload
6.1.2: Growth Opportunities for the Global Remote Sensing Satellite Market by Application
6.1.3: Growth Opportunities for the Global Remote Sensing Satellite Market by End Use
6.1.4: Growth Opportunities for the Global Remote Sensing Satellite Market by Region
6.2: Emerging Trends in the Global Remote Sensing Satellite Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Remote Sensing Satellite Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Remote Sensing Satellite Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ramon Space
7.2: Airbus
7.3: Planet Labs
7.4: Umbra Lab
7.5: Orbital Sidekick
7.6: Pixxel
7.7: Satellite Imaging
7.8: Lockheed Martin
7.9: Northrop Grumman
7.10: Boeing
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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