In 2025, ICEYE, a Finnish microsatellite manufacturer and operator, secured the 20th spot on Fast Company’s prestigious list of the World’s 50 Most Innovative Companies. This recognition places ICEYE among global innovators such as Nvidia, DeepSeek, Waymo, which topped the list, and Infinitum, which ranked 19th. Fast Company
Founded in 2014, ICEYE initially focused on monitoring Arctic ice. The company has since developed the world’s largest constellation of synthetic aperture radar (SAR) satellites, capable of capturing high-resolution images through cloud cover and darkness. In 2024, ICEYE launched nine microsatellites and plans to deploy over 20 annually starting in 2025. This expansion allows clients—including the U.S. Department of Defense, NASA, the government of Ukraine, and reinsurance giant Swiss Re—to access detailed images of virtually any location on Earth multiple times daily.
ICEYE’s innovative approach involves miniaturizing traditionally large and costly SAR systems. Each satellite employs a phased array antenna—a stationary grid of fixed sensors—that can be electronically steered to operate in various imaging modes. This design enables the satellites to scan broad areas with less detail or capture highly granular images of smaller targets. The satellites can also be remotely upgraded to enhance imaging capabilities and add features, such as improved detection of manufactured objects.
Beyond civil applications like monitoring forests, detecting oil spills, and assessing storm damage, ICEYE’s technology is increasingly in demand for defense and security purposes. European defense companies, such as Germany’s Rheinmetall, are integrating ICEYE’s capabilities into next-generation battlefield systems, underscoring the strategic importance of SAR monitoring for future security.
In October 2024, ICEYE introduced “Dwell Precise,” an advanced imaging mode that enhances the company’s line of Dwell products. This development builds upon the earlier release of “Dwell Fine” in March 2024, showcasing ICEYE’s commitment to continuous innovation in Earth observation and persistent monitoring. forumNordic
ICEYE’s advancements in SAR technology have significantly improved our ability to understand life on Earth. The company’s satellites provide persistent monitoring of locations worldwide, offering new levels of data accessibility and contributing to a deeper comprehension of global dynamics. forumNordic
ICEYE’s position as the 20th most innovative company globally reflects its dedication to transforming satellite imaging and Earth observation, reinforcing its status as a leader in the aerospace industry.
