Conservation of biodiversity is an essential issue due to increasing climate change and anthropological factors. Various rich biodiversity zones are greatly threatened and degrading with an alarming rate therefore it’s required to safeguard these zones and their habitats at regional and local levels. In order to implement significant conservation schemes, exhaustive information on the distribution of species on a temporal basis are required. Recently, remote sensing and biodiversity communities have started coordinating their research ideas, problems and their solutions on a single platform. The likelihood of such type of co-operations has been significantly strengthened with the advancements in satellite remote sensing technology in last decade. Thus, this advancement has empowered the interdisciplinary research at regional and local scale with high temporal resolution to provide information about changes in species distribution, habitat degradation and fine-scale disturbances of forests. This paper presents the smart satellite remote sensing technologies, which can be very useful in retrieving relevant information about biodiversity present on earth surface. This paper emphasises on various advance remote sensing imageries and their utility in deriving relevant parameters and drivers required for biodiversity monitoring. This review paper incorporates the categorization of all important and advanced sensors with respect to the essential biodiversity variables required for its monitoring and conservation.