The Business Research Company’s report on the Space Situational Awareness Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the space situational awareness market?
The increase in demand for space-based sensing activities propels the growth of the space situational awareness market going forward. The space-based sensing activities refer to the remote sensing technology that profiles the earth’s atmosphere and ionosphere with high vertical resolution and global coverage using GNSS (such as GPS) readings acquired by low-Earth orbiting satellites. The majority of governments employ space situational awareness to plan their space activities because it makes it possible to predict the orbital paths of cataloged objects and trash. For instance, in March 2023, according to a report published by The government of the United Kingdom, a UK-based information website, In 2022, Global Navigation Satellite System (GNSS) services contributed £320 billion to GDP, accounting for 15.3%. Meanwhile, Earth Observation satellite services supported £106 billion of GDP, representing 5.1%. Therefore, increasing demand for space-based sensing activities is driving the growth of the space situational awareness market.
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How has the space situational awareness market size evolved, and what are the latest forecasts for its expansion?
The space situational awareness market size has grown strongly in recent years. It will grow from $1.5 billion in 2024 to $1.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growing space activity, space debris mitigation, satellite services, national security, international cooperation.
The space situational awareness market size is expected to see strong growth in the next few years. It will grow to $2.07 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to space traffic management, commercial space operations, lunar and deep space exploration, space resource utilization, space domain awareness. Major trends in the forecast period include space traffic management, space debris monitoring, rapid data sharing, commercial ssa services, space weather prediction.
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Which major companies dominate the space situational awareness market?
Major companies operating in the space situational awareness market include Lockheed Martin Corporation, Kratos Defense & Security Solutions Inc., Polaris Alpha Advanced Systems Inc., Applied Defense Solutions, Schafer Industries, L3harris Technologies, General Dynamics Corporation, Vision Engineering Solutions, Norstar Space Data, SpaceNav LLC, Elecnor Deimos Group, ExoAnalytic Solutions Inc., Honeywell International Inc., DRS Technologies., BAE Systems, Northrop Grumman Corporation, RTX Corporation, Thales Group, ATOS SE, Elbit Systems Ltd., Leonardo S.p.A., Rheinmetall AG, Airbus SE, Boeing Co., Pratt & Whitney, Rolls-Royce Holdings plc, GE Aviation, Safran S.A., Israel Aerospace Industries, Spirit AeroSystems Inc., Triumph Group Inc., United Technologies Corporation, International Business Machines Corporation, Microsoft Corporation, Amazon Web Services Inc., Google LLC, Oracle Corporation, Cisco Systems Inc.
What trends will shape the future of the space propulsion market?
Technological advancement has been an emerging trend gaining popularity in the space situational awareness market. Major companies operating in the space situational awareness sector are focused on technological advancement to sustain their position in the market. For instance, in April 2022, Fujitsu, a Japan-based information and communications technology equipment and services company, introduced new technology for mapping and analyzing space debris. This technology consists of an SSA (Space Situational Awareness System) system along with radar and an optical telescope. The new radar from JAXA (Japan Aerospace Exploration Agency), integrated with technology, is intended to observe roughly 10,000 objects each day and can also detect tiny things. This technology enables operators to automatically determine the likelihood of a predicted collision and make the required route adjustments to reduce hazards and prevent any potential collisions with space junk.
Which region dominates the space situational awareness market, and what factors contribute to its leadership?
North America was the largest region in the space situational awareness market in 2024. North America is expected to be the fastest growing region in the space situational awareness market share during the forecast period. The regions covered in the space situational awareness market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the space situational awareness market segmented, and which segment holds the largest share?
The space situational awareness market covered in this report is segmented –
1) By Solution: Service, Payload Systems, Software
2) By Capability: Detect, Track, And Identify (D/T/Id), Threat Warning And Assessment, Characterization
3) By Object: Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, Other Objects
4) By Orbital Range: Near-Earth, Deep Space
5) By End Use: Commercial, Government And Military
Subsegments:
1) By Services: Collision Avoidance Services, Tracking and Monitoring Services, Data Analysis and Consulting Services, Debris Management Services
2) By Payload Systems: Surveillance Sensors, Radar Systems, Optical Sensors, Tracking Satellites
3) By Software: Space Object Tracking Software, Simulation and Predictive Analysis Tools, Data Visualization Software, Space Traffic Management Software
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What defines the structure and scope of the space situational awareness market?
Space situational awareness refers to tracking objects in space, including their identification, orbit determination, awareness of the environment they are working in, and prediction of future positions and potential dangers. It is used to forecast object collisions and warn space operators of potentially hazardous close approaches in order to enable collision avoidance operations.
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