Space Situational Awareness Market Analysis | 2022-2028

"The 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". 

Market Dynamics

Introduction

Space Situational Awareness can be defined as the knowledge that is attained about the environment of the space. Natural as well as man-made components are a part of such awareness. Some of the focal points are particle-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 natural objects revolving with the environment near the Earth. It is all about knowing the past of the components and also predicting their future that can help try 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.

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.

Segments Analysis

By Offering Type 

“The services segment dominated the market in 2021 and is likely to lead the market during the forecast period”.

The market is segmented into 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.

By End-User Type

“The commercial segment is expected to depict a higher growth than other segments”.

The market is segmented as government & military and commercial. The commercial segment is expected to depict a higher growth than 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 attention in space situational awareness to provide space-based services, such as conjunction avidness of satellites, deorbiting of non-functional spacecraft, elimination of debris left over by government/military surveillance networks, and providing data-sharing transparency for satellite operators/owners.

By Object Type

“The fragmentation debris segment is estimated to lead the market during the forecast period”.

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.

Regional Analysis

“North America held the largest share of the space situational awareness market in 2021”.

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). 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.

Key Players

The following are the key players in the Space Situational Awareness Market (arranged alphabetically)

• Analytical Graphics
• Applied Defense Solutions
• Elecnor Deimos Group
• Etamax Space
• Exoanalytic Solutions
• GMV Innovating Solutions
• Kratos Defense & Security Solutions
• Lockheed Martin
• Norstar Space Data
• Polaris Alpha

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

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 three players)
• SWOT analysis of key players (up to three players)

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 to sales@stratviewresearch.com.