Space Situational Awareness Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028.
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Space Situational Awareness Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028.
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The Space Situational Awareness (SSA) Market is Segmented by Offering Type (Services, Software), by End-User Type (Government & Military, Commercial), by Object Type (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Space Situational Awareness (SSA) Market is Segmented by Offering Type (Services, Software), by End-User Type (Government & Military, Commercial), by Object Type (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, and Others), and by Region ...
Space Situational Awareness Market was estimated at USD 1.40 Billion in 2021 and is likely to grow at a CAGR of 5.1% during 2022-2028 to reach USD 1.98 Billion in 2028.
What is space situational awareness?
Space Situational Awareness can be defined as the knowledge that is attained about the environment of the near-space. Natural as well as man-made components are a part of such awareness. Some of the focal points are particles-fluxes near the Earth, artificial objects orbiting, and many others. Space Situational Awareness is also at times defined as the ability to understand and then predict the location of the artificial as well as the natural objects revolving with the environment near the Earth. It is all about knowing the past of the components and also predicting its future that can be helpful in trying to stop collisions in the space.
Market Drivers-
The growth of the global space situational awareness market is driven by a wide array of factors, such as-
increasing congestion of objects in space
growing emphasis by various government agencies and private entities on space situational awareness.
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Segment Analysis
Space Situational Awareness Market Share: ByOffering Type
The market is segmented as services and software. The services segment dominated the market in 2021 and is likely to lead the market during the forecast period. The growth of this segment is owing to the unending activities, such as space debris modeling and robotic exploration of the solar system and prominence on emerging space weather and Near-Earth Object (NEO) services, while research, development, and authentication activities remain in the sphere of space surveillance and tracking.
Space Situational Awareness Market Share: By End-User Type
The market is segmented as government & military and commercial. The commercial segment is expected to depict a higher growth as against the government & military segment, in the coming five years, owing to various private space entities eyeing on SSA solutions for satellite operations during a satellite’s lifecycle. Commercial establishments are seeking an attention in space situational awareness to provide space-based services, such as conjunction avidness of satellites, deorbiting of non-functional spacecraft, and elimination of debris left over by government/military surveillance networks, and providing data-sharing transparency for satellite operators/owners.
Space Situational Awareness Market Share: By Object Type
The market is segmented as mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft, and others. The fragmentation debris segment dominated the market in 2021, and is estimated to continue its command during the forecast period as well. The growth of this segment can be attributed to the escalating congestion in space, owing to fragmentation debris, coupled with an upsurge in various space exploration activities.
Space Situational Awareness Market Share: By Region
North America held the largest share of the space situational awareness market in 2021. The market is driven by high demand for space situational awareness happenings from prominent establishments, such as NASA and the Department of Defense, owing to the growing dependence on space assets and for preserving safe space operations. Europe and Asia-Pacific held substantial shares of the space situational awareness market in 2021. The Middle East, South America, and Africa are the other major regions expected in the Rest of the World (RoW) region, which are also expected to offer considerable growth opportunities during the forecast period.
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Scope & Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Report - Features
Market Segmentation
4 ways
Regions Covered
4
Countries/Sub-Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
10
The space situational awareness (SSA) market is segmented into the following categories.
SSA Market Size, Share, & Forecast, by Offering Type:
Services
Software
SSA Market Size, Share, & Forecast, by End-User Type:
Government & Military
Commercial
SSA Market Size, Share, & Forecast, by Object Type:
Mission-Related Debris
Rocket Bodies
Fragmentation Debris
Functional Spacecraft
Non-Functional Spacecraft
Others
SSA Market Size, Share, & Forecast, by Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Key Players
Some of the major players in the space situational awareness market are-
Analytical Graphics
Applied Defense Solutions
Exoanalytic Solutions
Etamax Space
Elecnor Deimos Group
GMV Innovating Solutions
Kratos Defense & Security Solutions
Lockheed Martin
Norstar Space Data
Polaris Alpha
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
Space Situational Awareness Market-Features
Market Size in 2028
USD 1.98 billion
Market Size in 2022
USD 1.47 billion
Market Growth (2022-2028)
5.1% CAGR
Base Year of Study
2021
Trend Period
2016-2021
Forecast Period
2022-2028
Segments Covered
By Offering Type (Services, Software), by End-User Type (Government & Military, Commercial), by Object Type (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
North America accounted for the largest market share in 2021.
Report Customization
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the offering types by end-user type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
Recent Developments
August 2022:Uttarakhand Gets India’s First Ever Commercial Space Situational Awareness Observatory
Ensuring that nothing goes out of sight, Digantara, a space industry start-up is launching India’s first-ever commercial Space Situational Awareness (SSA) observatory. It is put up in the Garhwal region of Uttarakhand. The observatory will monitor activities that take place in space and look out for military satellites and space debris.
August 2022: Air Force Research Lab seeks new algorithms to enhance space situational awareness
The Air Force Research Laboratory is looking for new machine learning and high-performance computing capabilities that could improve the U.S. military’s situational awareness of potential threats in the space domain. AFRL, under a Broad Agency Announcement updated on Thursday, is soliciting white papers for the effort.
September 2022:Startups Scout and Privateer to collaborate on space-tracking technologies
"The collaboration is focused on integrating Scout’s systems architecture and data collection capabilities with Privateer’s data solutions,” the companies said in a statement.
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Analytical Graphics, Applied Defense Solutions, Exoanalytic Solutions, Etamax Space, Elecnor Deimos Group, GMV Innovating Solutions, Kratos Defense & Security Solutions, Lockheed Martin, Norstar Space Data, and Polaris Alpha are among the key players in the space situational awareness (SSA) market.
The growth of the space situational awareness market is driven by a wide array of factors, such as increasing congestion of objects in space and growing emphasis by various government agencies and private entities on space situational awareness.