Market Overview:
The global satellite sensor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for satellite sensors for commercial, government, military and other applications. Active satellite sensors are expected to dominate the market during the forecast period owing to their advantages such as high spatial resolution and accuracy.
Product Definition:
A satellite sensor is a device placed on a satellite that collects information about the Earth's environment. These devices can measure things like temperature, precipitation, sea level height, and atmospheric pressure. Satellite sensors are important for understanding the Earth's climate and weather patterns.
Active Satellite Sensor:
Active satellite sensors are a new class of technology that has been evolving rapidly over the past few years. They constitute a significant portion of the overall market and have been witnessing high growth due to their increasing demand in various application areas such as military & defense, environmental monitoring, commercial tracking and communication satellites. The technology is still in its nascent stage; however, it has received widespread acceptance owing to its inherent advantages such as cost-effectiveness and capability for continuous observation.
Passive Satellite Sensor:
Passive satellite sensors are used to measure physical parameters of the surface such as temperature, pressure and humidity. These sensors are mainly used in weather monitoring systems for climatic data collection.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growing need for monitoring and tracking physical objects in space to ensure accurate and timely delivery of services has led to an increase in the adoption of satellite sensors across various industries such as agriculture, forestry, disaster management, etc. Furthermore, increasing number of companies deploying satellites for communication and data transmission services is expected to drive demand over the forecast period.
The government application segment is projected to expand at a CAGR exceeding 11% from 2018 to 2030 owing to rising applications such as meteorology & oceanography, navigation aid (aid-distant-marker), etc. Moreover, countries are collaborating on projects involving satellite observation and sensor technology which will further boost growth over the coming years.
Regional Analysis:
The market in the Asia Pacific region is anticipated to grow at a significant rate over the forecast period. The growth of this regional market can be attributed to increasing government investments in space-related activities and rising commercial satellite launches from countries such as China, India, Japan, and South Korea. Moreover, growing demand for high-quality images from various applications is expected to drive the global satellite sensor market over the forecast period.
The North America regional market accounted for more than 20% of revenue share in 2017 owing to continuous technological advancements by companies such as Google Inc., Apple Inc., Lockheed Martin Corporation; and other players operating within this industry. Furthermore, increased funding by governments for space exploration programs has also contributed significantly toward growth within this region.
Growth Factors:
- Increasing demand for satellite imagery from government and commercial sectors for various applications such as land management, disaster management, navigation, and security & surveillance.
- Proliferation of small satellites that can be used for earth observation is expected to drive the growth of the satellite sensor market during the forecast period.
- Development of advanced sensors with enhanced features is anticipated to fuel the demand for satellite sensors in the coming years.
- Growing popularity of CubeSats is projected to create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Satellite Sensor Market Research Report
By Type
Active Satellite Sensor, Passive Satellite Sensor
By Application
Commercial, Government, Military, Others
By Companies
Lockheed Martin, Airbus, L3Harris, Ball Aerospace, General Dynamics, China Aerospace Science and Technology Corporation (CASC), Northrop Grumman, Leonardo, Raytheon, Leidos, Lockheed Martin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Satellite Sensor Market Report Segments:
The global Satellite Sensor market is segmented on the basis of:
Types
Active Satellite Sensor, Passive Satellite Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Government, Military, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lockheed Martin
- Airbus
- L3Harris
- Ball Aerospace
- General Dynamics
- China Aerospace Science and Technology Corporation (CASC)
- Northrop Grumman
- Leonardo
- Raytheon
- Leidos
- Lockheed Martin
Highlights of The Satellite Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Satellite Sensor
- Passive Satellite Sensor
- By Application:
- Commercial
- Government
- Military
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Satellite Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A satellite sensor is a device that uses satellites to collect data. This data can be used for a variety of purposes, such as mapping, weather forecasting, and navigation.
Some of the major companies in the satellite sensor market are Lockheed Martin, Airbus, L3Harris, Ball Aerospace, General Dynamics, China Aerospace Science and Technology Corporation (CASC), Northrop Grumman, Leonardo, Raytheon, Leidos, Lockheed Martin.
The satellite sensor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Satellite Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Satellite Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Satellite Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Satellite Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Satellite Sensor Market Size & Forecast, 2018-2028
4.5.1 Satellite Sensor Market Size and Y-o-Y Growth
4.5.2 Satellite Sensor Market Absolute $ Opportunity
Chapter 5 Global Satellite Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Satellite Sensor Market Size Forecast by Type
5.2.1 Active Satellite Sensor
5.2.2 Passive Satellite Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Satellite Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Satellite Sensor Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Government
6.2.3 Military
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Satellite Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Satellite Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Satellite Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Satellite Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Satellite Sensor Market Size Forecast by Type
9.6.1 Active Satellite Sensor
9.6.2 Passive Satellite Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Satellite Sensor Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Government
9.10.3 Military
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Satellite Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Satellite Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Satellite Sensor Market Size Forecast by Type
10.6.1 Active Satellite Sensor
10.6.2 Passive Satellite Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Satellite Sensor Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Government
10.10.3 Military
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Satellite Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Satellite Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Satellite Sensor Market Size Forecast by Type
11.6.1 Active Satellite Sensor
11.6.2 Passive Satellite Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Satellite Sensor Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Government
11.10.3 Military
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Satellite Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Satellite Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Satellite Sensor Market Size Forecast by Type
12.6.1 Active Satellite Sensor
12.6.2 Passive Satellite Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Satellite Sensor Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Government
12.10.3 Military
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Satellite Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Satellite Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Satellite Sensor Market Size Forecast by Type
13.6.1 Active Satellite Sensor
13.6.2 Passive Satellite Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Satellite Sensor Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Government
13.10.3 Military
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Satellite Sensor Market: Competitive Dashboard
14.2 Global Satellite Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lockheed Martin
14.3.2 Airbus
14.3.3 L3Harris
14.3.4 Ball Aerospace
14.3.5 General Dynamics
14.3.6 China Aerospace Science and Technology Corporation (CASC)
14.3.7 Northrop Grumman
14.3.8 Leonardo
14.3.9 Raytheon
14.3.10 Leidos
14.3.11 Lockheed Martin
