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.

Acquisition of data from a distance is known as remote sensing. Remote sensing satellites collect data about the Earth’s surface using different instruments and sensors from a considerable distance. These satellites have specialized sensors, including optical cameras, thermal sensors, LiDAR systems, multispectral and hyperspectral sensors, and others. Notable demand from the military sector and subsequent rise in adoption promise new growth opportunities for the market in the coming years.

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

Informational Source:

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

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)