Remote Sensing Satellite Market Overview
The remote Sensing Satellite Market is anticipated to grow at a Substantial CAGR During the Forecast Period. The successful use of image data generated with the help of satellites in a variety of fields such as business and manufacturing units, mining industry, disaster mitigation planning followed by recovery procedures, forecasting the weather, protecting the environment, and various production units, among others, is causing a major shift in market demand. Market experts expect a good investment return for global market operations throughout the projection period due to the numerous uses.
The expansion of the cloud computing market across a wide range of areas and services, combined with increased marginal usage, is expected to propel the global remote sensing satellite market to new heights over the forecast period. In addition, the growing demand for remote sensing data in significant economic domains such as defence and the military is boosting the development of cloud technologies. In addition, the increased usage of data created is generating a lot of interest in business applications.
The lack of awareness and interpretation ability and facility of the generated data to be used across multiple industry vertices is one of the primary restrictions that provide functional hurdles for the expansion of the remote sensing satellite market size.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | System, Application, End User, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Airbus S.A.S., Ball Corporation, Lockheed Martin Corporation, Space Exploration Technologies Corporation, The Boeing Company, China Aerospace Science And Technology Corporation, Mitsubishi Electric Corporation, Orbital ATK Inc., Planet Labs Inc., Thales Group. |
Covid-19 Impact on Remote Sensing Satellite Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Remote Sensing Satellite Market Segment Overview
According to System, SATCOM is one of the largest segments in the global Remote Sensing Satellite Market. SATCOM which stands for "satellite communication" was an artificial geostationary satellite that facilitated wide-area telecommunications by receiving radio signals from Earth, amplifying them, and relaying them back down to terrestrial receivers. SATCOM Services offers a wide range of new satellite and wireless communications products worldwide.
Remote Sensing Satellite Market, By System
· SATCOM
· Radar
· EO/IR
· Others
Remote Sensing Satellite Market, By Application
· Earth Observation
· Telecommunication
· Meteorology
· Mapping And Navigation
· Others
Remote Sensing Satellite Market, By End User
· Defense
· Commercial
Remote Sensing Satellite Regional Overview
Region-Wise, North America commanded a major share of the Remote Sensing Satellite market and is predictable to maintain its supremacy over the forecast period. The main focus of the region's major market players in the large-scale development of remote sensing services and making them available to a variety of customers, including agriculture, scientific research, power, oil, gas, and energy, as well as the forest industry. Furthermore, the market in the Asia Pacific is expected to rise at a significant rate in the forecast period. This is because of the increasing economy of the developing countries and growing government investment for various sectors in this region.
Remote Sensing Satellite Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Remote Sensing Satellite Market, Key Players
· Airbus S.A.S.
· Ball Corporation
· Lockheed Martin Corporation
· Space Exploration Technologies Corporation
· The Boeing Company
· China Aerospace Science And Technology Corporation
· Mitsubishi Electric Corporation
· Orbital ATK Inc.
· Planet Labs Inc.
· Thales Group
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Remote Sensing Satellite market?
The expansion of the cloud computing market across a wide range of areas and services, combined with increased marginal usage, is expected to propel the global remote sensing satellite market to new heights over the forecast period
Q2. What are the restraining factors for the Remote Sensing Satellite market?
The lack of awareness and interpretation ability and facility of the generated data to be used across multiple industry vertices is one of the primary restrictions that provide functional hurdles for the expansion of the remote sensing satellite market size
Q3. Which segment is projected to hold the largest share in the Remote Sensing Satellite Market?
The SATCOM segment is projected to hold the largest share in the Remote Sensing Satellite Market.
Q4. Which region holds the largest share in the Remote Sensing Satellite market?
North America held the largest share in the global Remote Sensing Satellite market
Q5. Which are the prominent players in the Remote Sensing Satellite Market?
Airbus S.A.S., Ball Corporation, Lockheed Martin Corporation, Space Exploration Technologies Corporation, The Boeing Company, China Aerospace Science And Technology Corporation, Mitsubishi Electric Corporation, Orbital ATK Inc., Planet Labs Inc., Thales Group. are some key players in the Remote Sensing Satellite Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Remote Sensing Satellite Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By System
- 5.2.1. SATCOM
- 5.2.2. Radar
- 5.2.3. EO/IR
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Earth Observation
- 5.3.2. Telecommunication
- 5.3.3. Meteorology
- 5.3.4. Mapping And Navigation
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Defense
- 5.4.2. Commercial
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Remote Sensing Satellite Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By System
- 6.2.1. SATCOM
- 6.2.2. Radar
- 6.2.3. EO/IR
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Earth Observation
- 6.3.2. Telecommunication
- 6.3.3. Meteorology
- 6.3.4. Mapping And Navigation
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Defense
- 6.4.2. Commercial
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Remote Sensing Satellite Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By System
- 7.2.1. SATCOM
- 7.2.2. Radar
- 7.2.3. EO/IR
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Earth Observation
- 7.3.2. Telecommunication
- 7.3.3. Meteorology
- 7.3.4. Mapping And Navigation
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Defense
- 7.4.2. Commercial
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Remote Sensing Satellite Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By System
- 8.2.1. SATCOM
- 8.2.2. Radar
- 8.2.3. EO/IR
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Earth Observation
- 8.3.2. Telecommunication
- 8.3.3. Meteorology
- 8.3.4. Mapping And Navigation
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Defense
- 8.4.2. Commercial
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Remote Sensing Satellite Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By System
- 9.2.1. SATCOM
- 9.2.2. Radar
- 9.2.3. EO/IR
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Earth Observation
- 9.3.2. Telecommunication
- 9.3.3. Meteorology
- 9.3.4. Mapping And Navigation
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Defense
- 9.4.2. Commercial
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Airbus S.A.S.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Ball Corporation
- 10.6. Lockheed Martin Corporation
- 10.7. Space Exploration Technologies Corporation
- 10.8. The Boeing Company
- 10.9. China Aerospace Science And Technology Corporation
- 10.10. Mitsubishi Electric Corporation
- 10.11. Orbital ATK Inc.
- 10.12. Planet Labs Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
