It implies a sense of:
* High regard: You hold someone or something in very high opinion.
* Respect: You acknowledge their worth and accomplishments.
* Admiration: You look up to them and find their qualities admirable.
Here are some examples of how "esteemed" can be used:
* "The esteemed professor was known for her groundbreaking research."
* "He is an esteemed member of the community."
* "The company received an award for its esteemed contributions to the industry."
Synonyms for "esteemed":
* Revered
* Honored
* Distinguished
* Reputable
* Prestigious