The remote sensing satellite market is concentrated. The vendors in the global remote sensing satellite market compete in terms of cost, reliability, and technological innovations. At the same time, vendors are solely dependent on securing key contracts from various defense organizations as there is a limited number of defense organizations across the world. Therefore, the competition among vendors in the market is moderate. Airbus SE, Ball Corp., and ImageSat International NV are some of the major market participants. Although the use of remote sensing satellites in mapping forest biomass will offer immense growth opportunities, the technological complexities of EO/IR sensors will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.