North America Remote Sensing Satellites Market Size

North America Remote Sensing Satellites Market Analysis

The North America Remote Sensing Satellites Market size is estimated at USD 18.75 billion in 2024, and is expected to reach USD 28.31 billion by 2029, growing at a CAGR of 8.59% during the forecast period (2024-2029).

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18.75 Billion

Market Size in 2024 (USD)

28.31 Billion

Market Size in 2029 (USD)

6.85 %

CAGR (2017-2023)

8.59 %

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

90.97 %

market share, Lockheed Martin Corporation, 2022

Lockheed Martin is the leading player in the market, with a robust product portfolio of military satellites. The company's civil and military customers include the USAF, US Navy, DARPA, NASA, and NOAA, which have helped it capture the highest share in the region.

The demand for LEO satellites is driving the segment's growth

North America 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.

• At launch, a satellite or spacecraft is usually placed into one of many special orbits around Earth, or it can be launched into an interplanetary journey. Satellites orbit the Earth at varying distances depending on their design and primary purpose. Each orbit has its own benefits and challenges, including increased coverage and decreased energy efficiency. Satellites in medium Earth orbit include navigational and specialized satellites designed to monitor a specific area. Most science satellites, including NASA's Earth Observing System, are in low Earth orbit.
• The different satellites manufactured and launched in this region have various applications. For instance, during 2017-2022, out of the seven satellites launched in MEO, most were built for navigation/global positioning purposes. Similarly, among the 32 satellites launched into GEO, most were deployed for communication and Earth observation purposes. Around 3000+ LEO satellites manufactured and launched were owned by North American organizations.
• The growing use of remote sensing satellites in areas such as electronic intelligence, Earth science/meteorology, laser imaging, optical imaging, and meteorology is expected to drive market demand during the forecast period. The market is expected to surge by 68% during the forecast period.