The cotton bollworm (CBW) poses a significant risk to maize crops worldwide. This study investigated whether hyperspectral satellites offer an accurate evaluation method for monitoring maize ear damage caused by CBW larvae. The study analyzed the records of maize ear damage for four maize fields in Southeast Hungary, Csongrád-Csanád County, in 2021. The performance of Sentinel-2 bands, PRISMA bands, and synthesized Sentinel-2 bands was compared using linear regression, partial least squares regression (PLSR), and two-band vegetation index (TBVI) methods. The best newly developed indices derived from the TBVI method were compared with existing vegetation indices. In mid-early grain maize fields, narrow bands of PRISMA generally performed better than wide bands, unlike in sweet maize fields, where the Sentinel-2 bands performed better. In grain maize fields, the best index was the normalized difference of λA = 571 and λB = 2276 (R2 = 0.33–0.54, RMSE 0.06–0.05), while in sweet maize fields, the best-performing index was the normalized difference of green (B03) and blue (B02) Sentinel-2 bands (R2 = 0.54–0.72, RMSE 0.02). The findings demonstrate the advantages and constraints of remote sensing for plant protection and pest monitoring.