Europe Remote Sensing Satellites Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 4.93 Billion |
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Market Size (2029) | USD 8.76 Billion |
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Largest Share by Orbit Class | LEO |
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CAGR (2024 - 2029) | 12.18 % |
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Largest Share by Country | United Kingdom |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Remote Sensing Satellites Market Analysis
The Europe Remote Sensing Satellites Market size is estimated at USD 4.93 billion in 2024, and is expected to reach USD 8.76 billion by 2029, growing at a CAGR of 12.18% during the forecast period (2024-2029).
4.93 Billion
Market Size in 2024 (USD)
8.76 Billion
Market Size in 2029 (USD)
9.17 %
CAGR (2017-2023)
12.18 %
CAGR (2024-2029)
Largest Market by Satellite Mass
76.63 %
value share, above 1000kg, 2022
Large satellites register higher demand due to applications such as satellite radio, communications, remote sensing, planetary security, and weather forecasting.
Largest Market by Satellite Subsystem
80.28 %
value share, Propulsion Hardware and Propellant, 2022
The demand for these propulsion systems is driven by the launch of mass satellite constellations into space. They are used for transferring the spacecraft into orbit.
Largest Market by Orbit Class
87.05 %
value share, LEO, 2022
LEO satellites are increasingly being adopted in modern communication technologies as they play an important role in Earth observation applications.
Largest Market by End User
92.71 %
value share, Military & Government, 2022
The military and government segment is expected to grow significantly due to the increasing use of satellites in surveillance missions and the rising involvement of government space agencies in satellite development programs.
Leading Market Player
61.39 %
market share, ROSCOSMOS, 2022
Roscosmos, also known as Roscosmos State Corporation for Space Activities, designs and manufactures various remote sensing satellites. It is a major supplier for the Russian Ministry of Defense and Military Space Forces (VKS).
The surge in the number of LEO satellites is driving the growth in the forecast period
- Commercial companies have begun to combine advances in microelectronics, small satellites, and low costs to orbit to create growing low Earth orbit (LEO) sensing constellations: a large number of satellites in multiple orbital planes that facilitate quick review and provide a wide range of low to high-resolution images.
- These commercial advances, combined with the ability to detect outside the visible and infrared (IR) spectrum using synthetic aperture radar (SAR) and radio frequency (RF) mapping, generate new commercial and security applications, from moving target indication to fast jamming geolocation. These commitments are also utilized for other applications and not only for national security.
- Manufacturers have realized the potential of disaster response and have even increased their awareness of changing market conditions by observing the live movement of road freight, global rail, sea, and land.
- Many weather and communication satellites tend to have high Earth orbits farthest from the surface. Satellites in mid Earth orbit include navigational and specialized satellites, which are designed to monitor a specific area. The different satellites produced and launched in this region have different applications. For instance, from 2017 to 2022, of the 16 satellites launched into MEO orbit, most were built for global positioning/navigation purposes. Similarly, of the 15 satellites in GEO orbit, most were deployed for Earth observation and communication purposes. Approximately more than 500 LEO satellites produced and launched belong to European organizations. The market is expected to grow by 69% during the forecast period.
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Europe Remote Sensing Satellites Market Trends
Global rising demand for satellite miniaturization is driving the market
- Miniature satellites leverage advances in computation, miniaturized electronics, and packaging to produce sophisticated mission capabilities. As microsatellites can share the ride to space with other missions, they offer a considerable reduction in launch costs. The demand in Europe is primarily driven by Germany, France, Russia, and the United Kingdom, which manufacture the largest number of small satellites each year. The ongoing investments in start-ups and nano and microsatellite development projects are also expected to boost the revenue growth of the region. On this note, during 2017-2022, more than 50 nano and microsatellites were placed into orbit by various players in the region.
- Companies are focusing on cost-effective approaches to produce these satellites on a large scale to meet the growing demand. The approach involves the use of low-cost industrial-rated passives at the development and design validation stages. The miniaturization and commercialization of electronic components and systems have driven market participation, resulting in the emergence of new market players who aim to capitalize on and enhance the current market scenario. For instance, a UK-based start-up, Open Cosmos, partnered with ESA to provide commercial nanosatellite launch services to end users while ensuring competitive cost-savings of around 90%. Similarly, in August 2021, France launched the BRO satellite into LEO orbit. This nanosatellite is able to locate and identify ships around the world, providing tracking services for maritime operators and helping security forces. The company plans to build a fleet of 20 to 25 nanosatellites by 2025.
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Investment opportunities in the market
- European countries are recognizing the importance of various investments in the space domain and are increasing their spending in areas such as Earth observation, satellite navigation, connectivity, space research, and innovation to stay competitive and innovative in the global space industry. For instance, in November 2022, ESA announced that it had proposed a 25% boost in space funding over the following three years, designed to maintain Europe’s lead in Earth observation, expand navigation services and remain a partner in exploration with the United States. The ESA asked its 22 nations to back a budget of around EUR 18.5 billion for 2023-2025. Similarly, in September 2022, the French government announced that it was planning to allocate more than USD 9 billion to space activities, an increase of about 25% over the previous three years. Additionally, in November 2022, Germany announced that about EUR 2.37 billion was allocated for ESA programs, including about EUR 669 million for Earth observation, about EUR 365 million for telecommunications, EUR 50 million for technology programs, EUR 155 million for space situational awareness and space security, and EUR 368 million for space transport and operations.
- The UK Space Agency announced that it would be funding EUR 6.5 million to support 18 projects to boost the UK space industry. The funding will stimulate growth in the UK space sector by supporting high-impact and locally-led schemes and space cluster development managers. These 18 projects are expected to pioneer a range of innovative space technologies to combat local issues, such as utilizing Earth observation data, to enhance public services. In April 2023, the UK government announced that it expects to allocate USD 3.1 billion for space-related activities.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Small satellites are poised to create demand in the market
Europe Remote Sensing Satellites Industry Overview
The Europe Remote Sensing Satellites Market is fairly consolidated, with the top five companies occupying 99.97%. The major players in this market are Airbus SE, NPO Lavochkin, ROSCOSMOS, RSC Energia and Thales (sorted alphabetically).
Europe Remote Sensing Satellites Market Leaders
Airbus SE
NPO Lavochkin
ROSCOSMOS
RSC Energia
Thales
Other important companies include Esri, GomSpaceApS, IHI Corp, ImageSat International, Lockheed Martin Corporation, Maxar Technologies Inc., Northrop Grumman Corporation, Planet Labs Inc., Spire Global, Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Remote Sensing Satellites Market News
- February 2023: NASA and geographic information service provider Esri will grant wider access to the space agency's geospatial content for research and exploration purposes through the Space Act Agreement.
- January 2023: Airbus Defence and Space has signed a contract with Poland to provide a geospatial intelligence system including the development, manufacture, launch and delivery in orbit of two high-performance optical Earth observation satellites.
- November 2022: Russian Soyuz launched Kosmos 2563 (Tundra 16L, Kupol 16L, EKS #6) into orbit to replace the US-K and US-KMO early warning satellites of the Oko-1 system.
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We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
Europe Remote Sensing Satellites Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Satellite Mass
- 4.2 Satellite Miniaturization
- 4.3 Spending On Space Programs
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4.4 Regulatory Framework
- 4.4.1 France
- 4.4.2 Germany
- 4.4.3 Russia
- 4.4.4 United Kingdom
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
-
5.1 Satellite Mass
- 5.1.1 10-100kg
- 5.1.2 100-500kg
- 5.1.3 500-1000kg
- 5.1.4 Below 10 Kg
- 5.1.5 above 1000kg
-
5.2 Orbit Class
- 5.2.1 GEO
- 5.2.2 LEO
- 5.2.3 MEO
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5.3 Satellite Subsystem
- 5.3.1 Propulsion Hardware and Propellant
- 5.3.2 Satellite Bus & Subsystems
- 5.3.3 Solar Array & Power Hardware
- 5.3.4 Structures, Harness & Mechanisms
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5.4 End User
- 5.4.1 Commercial
- 5.4.2 Military & Government
- 5.4.3 Other
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Airbus SE
- 6.4.2 Esri
- 6.4.3 GomSpaceApS
- 6.4.4 IHI Corp
- 6.4.5 ImageSat International
- 6.4.6 Lockheed Martin Corporation
- 6.4.7 Maxar Technologies Inc.
- 6.4.8 Northrop Grumman Corporation
- 6.4.9 NPO Lavochkin
- 6.4.10 Planet Labs Inc.
- 6.4.11 ROSCOSMOS
- 6.4.12 RSC Energia
- 6.4.13 Spire Global, Inc.
- 6.4.14 Thales
7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter's Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, EUROPE, 2017 - 2022
- Figure 2:
- MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, EUROPE, 2017 - 2022
- Figure 3:
- SPENDING ON SPACE PROGRAMS BY REGION, USD, EUROPE, 2017 - 2022
- Figure 4:
- EUROPE REMOTE SENSING SATELLITES MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, USD, EUROPE, 2017 - 2029
- Figure 6:
- VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE OF 10-100KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 8:
- VALUE OF 100-500KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 9:
- VALUE OF 500-1000KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 10:
- VALUE OF BELOW 10 KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 11:
- VALUE OF ABOVE 1000KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 12:
- VALUE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, USD, EUROPE, 2017 - 2029
- Figure 13:
- VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE OF GEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 15:
- VALUE OF LEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 16:
- VALUE OF MEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 17:
- VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, USD, EUROPE, 2017 - 2029
- Figure 18:
- VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 19:
- VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, EUROPE, 2017 - 2029
- Figure 20:
- VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, EUROPE, 2017 - 2029
- Figure 21:
- VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, EUROPE, 2017 - 2029
- Figure 22:
- VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, EUROPE, 2017 - 2029
- Figure 23:
- VALUE OF REMOTE SENSING SATELLITES MARKET BY END USER, USD, EUROPE, 2017 - 2029
- Figure 24:
- VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 25:
- VALUE OF COMMERCIAL MARKET, USD, EUROPE, 2017 - 2029
- Figure 26:
- VALUE OF MILITARY & GOVERNMENT MARKET, USD, EUROPE, 2017 - 2029
- Figure 27:
- VALUE OF OTHER MARKET, USD, EUROPE, 2017 - 2029
- Figure 28:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, EUROPE REMOTE SENSING SATELLITES MARKET, EUROPE, 2017 - 2029
- Figure 29:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, EUROPE REMOTE SENSING SATELLITES MARKET, EUROPE, 2017 - 2029
- Figure 30:
- MARKET SHARE OF EUROPE REMOTE SENSING SATELLITES MARKET, %, EUROPE, 2022
Europe Remote Sensing Satellites Industry Segmentation
10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Commercial, Military & Government are covered as segments by End User.
- Commercial companies have begun to combine advances in microelectronics, small satellites, and low costs to orbit to create growing low Earth orbit (LEO) sensing constellations: a large number of satellites in multiple orbital planes that facilitate quick review and provide a wide range of low to high-resolution images.
- These commercial advances, combined with the ability to detect outside the visible and infrared (IR) spectrum using synthetic aperture radar (SAR) and radio frequency (RF) mapping, generate new commercial and security applications, from moving target indication to fast jamming geolocation. These commitments are also utilized for other applications and not only for national security.
- Manufacturers have realized the potential of disaster response and have even increased their awareness of changing market conditions by observing the live movement of road freight, global rail, sea, and land.
- Many weather and communication satellites tend to have high Earth orbits farthest from the surface. Satellites in mid Earth orbit include navigational and specialized satellites, which are designed to monitor a specific area. The different satellites produced and launched in this region have different applications. For instance, from 2017 to 2022, of the 16 satellites launched into MEO orbit, most were built for global positioning/navigation purposes. Similarly, of the 15 satellites in GEO orbit, most were deployed for Earth observation and communication purposes. Approximately more than 500 LEO satellites produced and launched belong to European organizations. The market is expected to grow by 69% during the forecast period.
| Satellite Mass | 10-100kg |
| 100-500kg | |
| 500-1000kg | |
| Below 10 Kg | |
| above 1000kg | |
| Orbit Class | GEO |
| LEO | |
| MEO | |
| Satellite Subsystem | Propulsion Hardware and Propellant |
| Satellite Bus & Subsystems | |
| Solar Array & Power Hardware | |
| Structures, Harness & Mechanisms | |
| End User | Commercial |
| Military & Government | |
| Other |
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Market Definition
- Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
- End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
- Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
- Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
- Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
- Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
- Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
| Keyword | Definition |
|---|---|
| Attitude Control | The orientation of the satellite relative to the Earth and the sun. |
| INTELSAT | The International Telecommunications Satellite Organization operates a network of satellites for international transmission. |
| Geostationary Earth Orbit (GEO) | Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky. |
| Low Earth Orbit (LEO) | Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface. |
| Medium Earth Orbit (MEO) | MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit. |
| Very Small Aperture Terminal (VSAT) | Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter |
| CubeSat | CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. |
| Small Satellite Launch Vehicles (SSLVs) | Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage |
| Space Mining | Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects. |
| Nano Satellites | Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms. |
| Automatic Identification System (AIS) | Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures. |
| Reusable launch vehicles (RLVs) | Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle. |
| Apogee | The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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