Space Situational Awareness Market Size, Share, Trends And Forecast 2024-2033

Overview and Scope
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.

Sizing and Forecast
The space situational awareness market size has grown strongly in recent years. It will grow from $1.41  billion in 2023 to $1.53  billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. 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 $2.08  billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. 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.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/space-situational-awareness-global-market-report

Segmentation & Regional Insights
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

North America was the largest region in the space situational awareness market in 2023. 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.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7731&type=smp

Major Driver Impacting Market Growth
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 May 2021, according to the data published by EUROCONTROL, a Belgium-based organization for the safety of air navigation, Aireon’s space-based ADS-B system was integrated into NM’s Enhanced Traffic Flow Management System (ETFMS), which enabled real-time air traffic surveillance data monitoring and improved traffic predictability by 20%. Furthermore, in September 2021, HawkEye 360, a US-based geospatial analytics company, launched 3 satellites into orbit for the analysis of RF geospatial intelligence. Therefore, increasing demand for space-based sensing activities is driving the growth of the space situational awareness market.

Key Industry Players
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.

The space situational awareness market report table of contents includes:
            1. Executive Summary

2. Space Situational Awareness Market Characteristics
3. Space Situational Awareness Market Trends And Strategies
4. Space Situational Awareness Market – Macro Economic Scenario
5. Global Space Situational Awareness Market Size and Growth
6. Space Situational Awareness Market Segmentation
7. Space Situational Awareness Market Regional And Country Analysis

………………

33. Key Mergers And Acquisitions In The Space Situational Awareness Market
34. Space Situational Awareness Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Space Situational Awareness Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Space Situational Awareness Market, Segmentation By Capability, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Space Situational Awareness Market, Segmentation By Object, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

……………….

Table 76: Lockheed Martin Corporation Financial Performance

Table 77: Kratos Defense & Security Solutions Inc. Financial Performance

Table 78: Polaris Alpha Advanced Systems Inc. Financial Performance

Table 79: Applied Defense Solutions Financial Performance

Table 80: Schafer Industries Financial Performance

Explore the trending research reports from TBRC:

https://goodprnews.com/personal-care-appliances-market-drivers/

https://topprnews.com/savory-snack-products-market-size/

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model