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Space Situational Awareness Market By Solution (Services, Payload Systems, Software) By Capability (Detect, Track and identify (D/T/ID), Threat warning and assessment, Characterization) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

Key Highlights of the report

How are the major segments performing in the Space Situational Awareness market?

  • According to estimates, the space situational awareness market's services sector will command the most market share in 2021.
  • The market for space situational awareness is anticipated to expand at the greatest CAGR over the forecast period for the commercial sector.

Which region dominated the space situational awareness market?

In 2021, North America accounted for the greatest portion of the market for space situational awareness. Due to the increasing reliance on space assets and the need to maintain safe space operations, there is a significant demand for space situational awareness happenings from illustrious organizations like NASA and the Department of Defense. In 2021, significant market shares for space situational awareness were held by Europe and Asia-Pacific. The other key regions in the Rest of the World (RoW) region that are anticipated to offer significant growth possibilities throughout the projection period are the Middle East, South America, and Africa.

How is US Market performing in the space situational awareness market?

Intelligence agencies in North America, particularly those in the US, concentrate on providing situational awareness for space operations in terms of current and forecast knowledge, as well as the characterization of space objects and the operational environment they depend on. The US has the largest global network for space surveillance. Additionally, the US Department of Defense invests money in SSA. Additionally, the presence of major space institutions like NASA and the US DoD would promote market expansion in the area.

 

REPORT ATTRIBUTE DETAILS

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Solution (Services, Payload Systems, Software)

By Capability (Detect, Track, and identify (D/T/ID), Threat warning and assessment, and characterization)

By Object (Mission-related debris, Rocket bodies, Fragmentation debris, Functional spacecraft, Non-functional spacecraft, and Others)

By End Use (Commercial and Government & Military)

Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

 Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Market Key Companies

Lockheed Martin Corporation, L3Harris Technologies Inc., Vision Engineering Solutions LLC, Analytical Graphics Inc, Kratos Defense & Security Solutions Inc, ExoAnalytic Solutions, SpaceNav, NorthStar Earth & Space Inc, GlobVision Inc, Etamax Space GmbH

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

What is the competitive environment of the space situational awareness market?

A small number of well-known companies from around the world dominate the space situational awareness market. These companies include L3Harris Technologies (US), Lockheed Martin Corporation (US), Kratos Defense & Security Solutions, Inc. (US), Parsons Corporation (US), and Peraton (US), among others. Due to the shifting needs of governmental, military, and commercial space users worldwide, much attention was paid to contracts and new product development.

Executive Summary

What is the market scenario of the Space Situational Awareness Market?

The idea of observing and comprehending the atmosphere of the planet and the layers of space is the focus of the space situational awareness sector. We accomplish this by deepening our comprehension of the body of currently held knowledge using exploring tools. On the other hand, modern technologies and apparatus for investigation and observation allow the Space Situational Awareness Market to increase its capabilities. The market focuses on understanding space conditions, changes, celestial events, and other extra-terrestrial occurrences. To clearly understand the hazards and dangers currently existing in space, such as asteroids and unnatural changes, the market also deals with monitoring space. The market also increases our understanding of unintentional or intentional interference with satellites and space networks.

Which are the key investments by the space situational awareness market players?

To give commanders immediate access to situational awareness data connected to space, Kratos Defense and Security Solutions has obtained USD 2.8 million in Department of Defense funding for a prototype development effort. It will work on virtualized infrastructure software and hardware to deliver data to the cloud-based UDL for presentation and analysis, prototyping a system for the US Air Force and Space Force's Unified Data Library. The European Space Agency granted a service contract to Telespazio UK, a Telespazio subsidiary, in August 2021 to manage the science operations centers for ESA's astronomy, heliophysics, and basic physics missions at the European Space Astronomy Centre (ESAC).

Some major space situational awareness market players are Lockheed Martin Corporation, L3Harris Technologies Inc., Vision Engineering Solutions LLC, Analytical Graphics Inc, Kratos Defense & Security Solutions Inc, ExoAnalytic Solutions, SpaceNav, NorthStar Earth & Space Inc, GlobVision Inc, Etamax Space GmbH.

space-situational-awareness-market

What are the Major Driving Factors for the Space Situational Awareness Market?

In the coming years, the market value for space situational awareness will rise due to several market growth factors. The growing demand for space-based sensing operations is the industry's main motivator. The growth of the space situational awareness market value has been greatly influenced by activities like RF mapping, weather monitoring, and remote sensing in the maritime, space observation, and aeronautics sectors. Other industry drivers are low operating costs for tiny satellite operations and the simplicity of launching these space observation instruments. The market size for space situational awareness will undoubtedly benefit from using these gadgets in both public and private endeavors.

What are the Major Risks for the Space Situational Awareness Market?

Satellites that were once launched into orbit but are no longer in use are the sources of the orbital junk already in low orbits and outer space. Due to the damage and disruption this floating debris causes to operational satellites that may contact it; it poses a threat to current and future space missions. This is a genuine difficulty that space research groups must overcome, given the rise in satellite launches and the resulting increase in space debris. The Global Space Surveillance Network has tracked close to 27,000 particles of space junk so far.

Which is the key solution in the space situational awareness market?

According to estimates, the space situational awareness market's services sector will command the most market share in 2021. The US Space Force is creating several domain awareness services to improve its visibility in space. According to the National Defense Industrial Association, a deep space advanced radar concept program, also known as DARC, is being pursued by the US Space Force Service as of July 2021. According to the military, the platform is a ground-based radar system created to continuously identify, monitor, and keep deep space objects under custody. It will mainly track things that are in geosynchronous orbit. DARC will add a new sensor with more capacity and capabilities to monitor deep space objects and provide comprehensive worldwide coverage, enhancing the military's space surveillance network.

How is the space situational awareness market performing in regions?

North America is anticipated to dominate the market for space situational awareness. Intelligence agencies in North America, particularly those in the US, concentrate on providing situational awareness for space operations in terms of current and forecast knowledge, as well as the characterization of space objects and the operational environment they depend on. By highlighting risks to the security of their operations, this data assists the government in gathering crucial information needed to plan, manage, and secure space assets and efficiently conduct military operations. There would be a considerable need for space situational awareness systems due to the large amount of orbital space debris, which can increase the likelihood of collisions. Due to the growing reliance on assets in space, demand from well-known organizations like NASA and the Department of Defense also contributes to the market expansion in the area.

During the forecast period, a higher CAGR is anticipated for Asia-Pacific. The rising demand for SSA skills from developing nations like China, India, and Japan explains the expansion. China is expanding its optical sensor network through collaboration with its space network, known as the Asia-Pacific Optical Satellite Observation System (APOSOS).

What is the regulatory landscape for the space situational awareness market?

In the upcoming few years, the developers of Space Situational Awareness will face numerous regulatory obstacles. The rules governing the market for space situational awareness will also be impacted by the deployment of a sizable number of satellites by private enterprises to improve internet and global connectivity. The current ITU regulations prohibiting small, low-orbit satellites will be a barrier to future Space Situational Awareness efforts. As a result, modifications to the orbiting and launch regulations for Space Situational Awareness satellites are necessary going forward.

What is the Market Size of Space Situational Awareness regarding value?

The global space situational awareness market is anticipated to grow at a substantial CAGR of 4.4% in the upcoming years. The global space situational awareness industry was estimated to be worth USD 1,359.6 million in 2021 and was expected to be worth USD 1,760.4 million by 2028.

What are the major players planning for the future of the space situational awareness market?

The stakeholders engage in new device invention, research and development projects, and other activities to produce better infrastructure and devices. On the other hand, corporations are also engaging in mergers and acquisitions to increase their size and operational scope.

Segmentation of Global Space Situational Awareness Market-

Global Space Situational Awareness Market – By Solution

  • Services
  • Payload Systems
  • Software

Global Space Situational Awareness Market – By Capability

  • Detect, Track, and identify (D/T/ID)
  • Threat warning and assessment
  • Characterization

Global Space Situational Awareness Market – By Object

  • Mission-related debris
  • Rocket bodies
  • Fragmentation debris
  • Functional spacecraft
  • Non-functional spacecraft
  • Others

Global Space Situational Awareness Market – By End Use

  • Commercial
  • Government & Military

Global Space Situational Awareness Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global space situational awareness market.

The COVID-19 epidemic has also harmed the space situational awareness market. Other explorations and observational endeavors were put on hold as the emphasis was diverted to a pandemic mitigation strategy.

The greatest revenue share in the market for space situational awareness worldwide came from North America.

The increasing need for space-based sensing activities to drive the space situational awareness market.

The services segment had a major share in the global market in 2021.

The commercial segment had a major share in the global market.

Space Situational Awareness Market Scope

Report Attribute Details
Market Value in 2021 USD 1,359.6 million
Market Value in 2028 USD 1,760.4 million
CAGR 4.4%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Jan 2023
Category:  Technology & Media
Report ID:   60868
Report Format:   PDF
Pages:   140
Rating:    4.2 (40)
Delivery Time: 24 Hours to 48 Hours   
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