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North America Remote Sensing Satellites Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The North America Remote Sensing Satellites Market is segmented by Satellite Mass (10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg), by Orbit Class (GEO, LEO, MEO), by Satellite Subsystem (Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms) and by End User (Commercial, Military & Government). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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North America Remote Sensing Satellites Market Size

North America Remote Sensing Satellites Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 18.75 Billion
svg icon Market Size (2029) USD 28.31 Billion
svg icon Largest Share by Orbit Class LEO
svg icon CAGR (2024 - 2029) 8.59 %
svg icon Largest Share by Country United States
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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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).

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

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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

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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

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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

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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

  • 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.
North America Remote Sensing Satellites Market

North America Remote Sensing Satellites Market Trends

The global demand for satellite miniaturization is rising

  • The ability of small satellites to perform nearly all the functions of a traditional satellite at a fraction of its cost has increased the viability of building, launching, and operating small satellite constellations. Small satellites are increasingly preferred for scientific research, military, and defense sectors over commercial applications. During 2017-2022, a total of 596 nanosatellites were placed in orbit by various players in the region.
  • The demand from North America is primarily driven by the United States, which manufactures the largest number of small satellites each year. Though the launches from the country have decreased over the last three years, there is huge potential in the country's industry, and the ongoing investments in the startups and the nano and microsatellite development projects are expected to boost the region's revenue growth.
  • NASA supports nano and microsatellite developers under several support initiatives. For instance, under the CubeSat Launch initiative (CSLI), NASA provides access to space for small satellites and CubeSats developed by NASA centers and programs, educational institutions, and non-profit organizations. This provides CubeSat developers access to a low-cost pathway to conduct research in the areas of science, exploration, technology development, education, and operations. The Canadian government is emphasizing the development of necessary skill sets for nanosatellite development at the university level. For instance, Wyvern, a Canadian startup, aims at providing relatively low-cost access to hyperspectral imaging taken from low Earth orbit with the help of CubeSats.
North America Remote Sensing Satellites Market

Investment opportunities are increasing in the market

  • In North America, government expenditure for space programs reached approximately USD 103 billion in 2021. The region is the epicenter of space innovation and research, with the presence of the world's biggest space agency, NASA. In 2022, the US government spent nearly USD 62 billion on its space programs, making it the highest spender on space programs in the world. In terms of research and investment grants, the region's governments and the private sector have dedicated funds for research and innovation in the space sector. Agencies spend available budgetary resources by making financial promises called obligations. For instance, till February 2023, NASA provided USD 333 million as research grants.
  • According to the Canadian government, the Canadian space sector employs 10,000 people and adds around USD 2.3 billion to the Canadian GDP. The government reported that 90% of Canadian space firms are small and medium-sized businesses. The Canadian Space Agency (CSA) budget is modest, and the estimated budgetary spending for 2022-23 was USD 329 million. The Canadian government envisions ensuring the total coverage of high-speed internet throughout the country by 2030.
  • In July 2019, the Canadian government announced an investment of USD 64.7 million in Telesat to provide better broadband internet access to rural and remote communities. Telesat aimed to utilize its financial aid to build and test technologies that use LEO satellites to boost connectivity. The MoU stated a potential investment of CAD 600 million for gaining privileged access to the satellite network and helping deliver affordable high-speed internet services worth CAD 1.2 billion by 2029.
North America Remote Sensing Satellites Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increased adoption of nano and minisatellites are poised to generate market demand

North America Remote Sensing Satellites Industry Overview

The North America Remote Sensing Satellites Market is fairly consolidated, with the top five companies occupying 99.31%. The major players in this market are Capella Space Corp., LeoStella, Lockheed Martin Corporation, Northrop Grumman Corporation and Planet Labs Inc. (sorted alphabetically).

North America Remote Sensing Satellites Market Leaders

  1. Capella Space Corp.

  2. LeoStella

  3. Lockheed Martin Corporation

  4. Northrop Grumman Corporation

  5. Planet Labs Inc.

North America Remote Sensing Satellites Market Concentration

Other important companies include Ball Corporation, Esri, GomSpaceApS, IHI Corp, ImageSat International, Maxar Technologies Inc., Spire Global, Inc., Thales.

*Disclaimer: Major Players sorted in alphabetical order.

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North America Remote Sensing Satellites Market News

  • April 2023: NASA has awarded a sole source Blanket Purchase Agreement (BPA) to Capella Space Corporation of San Francisco to provide high-resolution Synthetic Aperture Radar (SAR) (0.5 meter to 1.2 meters) commercial Earth observation data products.
  • March 2023: Rocket Lab's Electron rocket launched CapellaSpace's pair of commercial radar imaging satellites into orbit that are capable of seeing through clouds, in daylight or darkness, to monitor the planet below.
  • 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.

Free with this Report

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.

North America Remote Sensing Satellites Market
North America Remote Sensing Satellites Market
North America Remote Sensing Satellites Market
North America Remote Sensing Satellites Market

North America Remote Sensing Satellites Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Satellite Mass

    2. 2.2. Satellite Miniaturization

    3. 2.3. Spending On Space Programs

    4. 2.4. Regulatory Framework

      1. 2.4.1. Canada

      2. 2.4.2. United States

    5. 2.5. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Satellite Mass

      1. 3.1.1. 10-100kg

      2. 3.1.2. 100-500kg

      3. 3.1.3. 500-1000kg

      4. 3.1.4. Below 10 Kg

      5. 3.1.5. above 1000kg

    2. 3.2. Orbit Class

      1. 3.2.1. GEO

      2. 3.2.2. LEO

      3. 3.2.3. MEO

    3. 3.3. Satellite Subsystem

      1. 3.3.1. Propulsion Hardware and Propellant

      2. 3.3.2. Satellite Bus & Subsystems

      3. 3.3.3. Solar Array & Power Hardware

      4. 3.3.4. Structures, Harness & Mechanisms

    4. 3.4. End User

      1. 3.4.1. Commercial

      2. 3.4.2. Military & Government

      3. 3.4.3. Other

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. 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).

      1. 4.4.1. Ball Corporation

      2. 4.4.2. Capella Space Corp.

      3. 4.4.3. Esri

      4. 4.4.4. GomSpaceApS

      5. 4.4.5. IHI Corp

      6. 4.4.6. ImageSat International

      7. 4.4.7. LeoStella

      8. 4.4.8. Lockheed Martin Corporation

      9. 4.4.9. Maxar Technologies Inc.

      10. 4.4.10. Northrop Grumman Corporation

      11. 4.4.11. Planet Labs Inc.

      12. 4.4.12. Spire Global, Inc.

      13. 4.4.13. Thales

  7. 5. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter's Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, NORTH AMERICA, 2017 - 2022
  1. Figure 2:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, NORTH AMERICA, 2017 - 2022
  1. Figure 3:  
  2. SPENDING ON SPACE PROGRAMS BY REGION, USD, NORTH AMERICA, 2017 - 2022
  1. Figure 4:  
  2. NORTH AMERICA REMOTE SENSING SATELLITES MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE MASS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF 10-100KG MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF 100-500KG MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF 500-1000KG MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF BELOW 10 KG MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF ABOVE 1000KG MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY ORBIT CLASS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE OF GEO MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF LEO MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF MEO MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY SATELLITE SUBSYSTEM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 19:  
  2. VALUE OF PROPULSION HARDWARE AND PROPELLANT MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF SATELLITE BUS & SUBSYSTEMS MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF SOLAR ARRAY & POWER HARDWARE MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF STRUCTURES, HARNESS & MECHANISMS MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF REMOTE SENSING SATELLITES MARKET BY END USER, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF REMOTE SENSING SATELLITES MARKET BY END USER, %, NORTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 25:  
  2. VALUE OF COMMERCIAL MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF MILITARY & GOVERNMENT MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF OTHER MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 28:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, NORTH AMERICA REMOTE SENSING SATELLITES MARKET, NORTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, NORTH AMERICA REMOTE SENSING SATELLITES MARKET, NORTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. MARKET SHARE OF NORTH AMERICA REMOTE SENSING SATELLITES MARKET, %, NORTH AMERICA, 2022

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.
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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North America Remote Sensing Satellites Market Research FAQs

The North America Remote Sensing Satellites Market size is expected to reach USD 18.75 billion in 2024 and grow at a CAGR of 8.59% to reach USD 28.31 billion by 2029.

In 2024, the North America Remote Sensing Satellites Market size is expected to reach USD 18.75 billion.

Capella Space Corp., LeoStella, Lockheed Martin Corporation, Northrop Grumman Corporation and Planet Labs Inc. are the major companies operating in the North America Remote Sensing Satellites Market.

In the North America Remote Sensing Satellites Market, the LEO segment accounts for the largest share by orbit class.

In 2024, United States accounts for the largest share by country in the North America Remote Sensing Satellites Market.

In 2023, the North America Remote Sensing Satellites Market size was estimated at USD 16.83 billion. The report covers the North America Remote Sensing Satellites Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Remote Sensing Satellites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Remote Sensing Satellites Industry Report

Statistics for the 2024 North America Remote Sensing Satellites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Remote Sensing Satellites analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Remote Sensing Satellites Market Report Snapshots

North America Remote Sensing Satellites Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029