Europe Remote Sensing Satellites Market Size

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).

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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

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.