USD 1.57 billion
Space Situational Awareness Market Size, Share, Growth Analysis, By Solution (Services, Software), By Object (Mission-Related Debris, Rocket Bodies), By Orbital Range (Near-Earth, Deep Space), By Capability (Detect, Track, And Identify (D/T/ID), Threat Warning & Assessment), By End Use (Government & Military, Commercial ), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2236 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|Tables:
123
|Figures:
76
Space Situational Awareness Market Insights
Global Space Situational Awareness Market size was valued at USD 1.58 billion in 2022 and is poised to grow from USD 1.65 billion in 2023 to USD 2.37 billion by 2031, growing at a CAGR of 4.62% during the forecast period (2024-2031).
Increasing crowding in Earth orbit due to satellites and space debris is witnessing significant growth in the global space sensing market. Space sensing refers to the ability to detect, track and control objects in space including satellites, predict the motion of debris and other celestial bodies including Power is important.
Several factors drive the growth of the SSA market. The increasing number of satellites launched for communication, Earth observation and navigation has raised concerns about space debris and power collisions.
This has prompted governments, space companies and private organizations to invest in SSA technologies though managing and managing spaceflight. Technological advances in sensor capabilities, data analytics, and artificial intelligence play an important role in advancing SSA capabilities.
Advanced radar systems, optical telescopes, and sensors contribute to a better understanding of the space environment. In addition, hybrid machine learning algorithms have improved collision prediction and rotation planning.
Governments around the world recognize the strategic importance of SSA for national security and consequently invest in upgrading their space exploration programs.
Furthermore, the increasing activities of commercial space have stimulated the development of private SSA solutions, creating a competitive market environment.
However, challenges remain such as the need for international cooperation in dealing with global space debris and the regulatory framework for handling space transport.
As the space industry continues to evolve, SSA is expected the market will continue to grow due to increasing technology, driven by innovation and a strong emphasis on space sustainability.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Services
Fastest Growth
Services
Growth Rate
4.6% CAGR
Space Situational Awareness Market ($ Bn)
Country Share for North America Region (%)
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Space Situational Awareness Market Segmental Analysis
Global Space Situational Awareness Market is segmented by Solution, Object, Orbital Range, Capability, End Use, and Region. Based on Solution, the market is segmented into Services (Space Weather, Near-Earth Object Detection, Space Surveillance And Tracking (SST), Deep Space Detection & Tracking), Payload Systems (Ground-Based System, Space-Based Sensors, Datalinks), Software (Orbit Determination Tool Kits, ComSpOC, Space Data Centers, Space Event Generators, Joint Space Operations Center). Based on Object, the market is segmented into Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, Others. Based on Orbital Range, the market is segmented into Near-Earth (Leo, Meo/Heo, Geo), Deep Space. Based on Capability, the market is segmented into Detect, Track, And Identify (D/T/ID), Threat Warning & Assessment (High Altitude Nuclear Detection, Orbital ASAT, Directed Energy Attack, Jamming, Others (Cyber Attack, Direct Ascent ASAT)), Characterization. Based on End Use, the market is segmented into Government & Military (National Space Agencies, Departments of Defense, Search & Rescue Entities, Intelligence Community, Academic & Research Institutions), Commercial (Satellite Operators/Owners, Launch Providers, Space Insurance Companies, Energy Industry, Air Traffic & Navigation Service Providers, Others). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis By Offering
Services represent the largest share of the SSA market. This is primarily because space operators and agencies rely on specialized services for accurate and timely information to manage their satellite constellations and mitigate collision risks. The complexity of space operations has led to an increased outsourcing of SSA services, driving the growth of this segment. Governments and commercial entities prefer leveraging the expertise of service providers to enhance their space situational awareness capabilities.
While services currently hold the largest market share, the software segment is experiencing the fastest growth. The increasing integration of artificial intelligence, machine learning, and advanced analytics in SSA software solutions is driving this growth. The need for more sophisticated tools to process and analyze the growing volume of space data is pushing organizations to invest in advanced software solutions. Real-time decision support and automation capabilities provided by SSA software are becoming increasingly crucial in managing the complexities of modern space operations.
Analysis By End User
The military & government sector stands out as one of the largest contributors to the Space Situational Awareness market. Governments worldwide are recognizing the strategic importance of space assets for national security and defense. The military and government entities require advanced SSA capabilities to monitor not only their own satellites but also to track and identify potential threats such as space debris and other objects in orbit. This segment is characterized by a continuous demand for sophisticated SSA solutions and technologies to enhance space domain awareness and ensure the protection of vital space-based assets.
In terms of the fastest-growing segment, the launch providers and satellite operator’s category are gaining prominence. The surge in satellite launches for communication, remote sensing, and scientific purposes has intensified the need for accurate SSA data. Launch providers seek advanced SSA solutions to ensure safe and efficient deployment of satellites, while satellite operators require real-time information to avoid collisions and ensure the longevity of their space assets. The fast-paced evolution of this segment is attributed to the increasing frequency of satellite launches and the competitive dynamics within the commercial space industry.
Space Situational Awareness Market By Offering
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Space Situational Awareness Market Regional Insights
North America has the largest share in the spatial situational awareness (SSA) system market. In North America, the United States accounts for almost 50% of global defense spending. The U.S. was the top country in terms of military spending. The U.S. spent 801 billion dollars to make up about 38% of global military spending by 2021. Top world companies like NASA, SpaceX, Blue Origin, LLC, have a strong presence in the United State of America to help other countries in space. For example, India-US increased space cooperation by April 2022. Under the 'Space Situational Awareness' agreement, SSA India will get data from the US on space debris and other items in space and the safety of new launch vehicles and could jeopardize the safety and security of existing satellites and other space assets. Countries provide transformational space expertise to improve space sustainability and preserve critical infrastructure from critical satellite systems. For example, in October 2022. Northstar Earth & Space, company announced its first three today with the purpose and will be one of the payloads carried by the Spire-Global satellites and developed plans to launch in mid-2023. The increasing demand for space research and large-scale investments will propel the Space Situational Awareness (SSA) Systems market in the coming year.
Furthermore, the Asia-Pacific region has shown significant growth potential in the SSA market. Countries like China and India are expanding their space programs, launching more satellites and supporting overall space activities. This has led to an increased focus on space scenario awareness to ensure the safety and sustainability of their space assets. It is evident that the fastest growing regions of the SSA market are those where aerospace activities are growing fastest. Emerging astronaut nations in Asia, the Middle East, and other parts of the world are likely to see significant increases in their SSA capabilities as more satellites are developed and deployed.
Space Situational Awareness Market By Region
- Largest
- Fastest
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Space Situational Awareness Market Dynamics
Drivers
Growing demand for space-based activities
- Requirements for space sensing applications such as RF mapping, weather monitoring, GPS radio encryption (GPS-RO) remote sensing, and automatic dependent surveillance broadcasting (ADS-B) for use in space and maritime aircraft environments to gather situational awareness in governmental settings, and marketing teams are expected to proliferate. The low operating costs of small satellites make them suitable for situational awareness applications. These satellites are used by airlines to track flights according to the newly established standards of the International Civil Aviation Organization (ICAO) which requires tracking of flights every 15 minutes. These satellites are used to monitor ships and dangerous activities in coastal areas. In 2021, ExoAnalytic Solutions (US) partnered with Northstar Earth & Space (US) to provide a comprehensive Space Situational Awareness (SSA) service to protect global satellite communities from collisions and ensure capability safely into space thus increasing space-based sensing activities for both. It is expected to Use, monitor the performance of satellites and their payloads, and gather situational awareness about space the situational awareness market has developed.
Restraints
Complex Regulatory requirements
- The International Telecommunications Union (ITU) UN agency controls orbital slots of satellites and radio frequencies used by satellite operators. Private players are expected to launch orbital satellites, aiming to provide global internet connectivity will introduce various legal complications. It is not an acceptable deployment because the main satellite of the payload is small. It determines the orbital injection point of the satellites. Also, it is generally necessary to ensure that the broadcast frequencies of new satellites in the Ku--Ka belt do not interfere with the frequencies of pre-existing satellite systems. It becomes a responsibility.
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Space Situational Awareness Market Competitive Landscape
The Global Space Situational Awareness (SSA) market is experiencing significant growth driven by the escalating number of satellites and space debris, coupled with the rising need for effective monitoring and management of space assets. Key players in the SSA market include major aerospace and defense companies that dominate the market with their comprehensive space tracking and surveillance solutions. Additionally, emerging players contribute to the competitive landscape by offering innovative technologies for enhanced space domain awareness. The market is characterized by ongoing research and development activities, strategic partnerships, and collaborations to address the evolving challenges of space situational awareness, creating a dynamic and competitive environment within the industry.
Top Player’s Company Profiles
- Lockheed Martin Corporation
- L3Harris Technologies
- Kratos Defense & Security Solutions, Inc.
- Parsons Corporation
- Veritas Capital
- Exoanalytic Solutions
- Belcan, LLC
- Ansys, Inc.
- Northstar Earth & Space Inc.
- Elecnor Deimos Group
- Spacenav
- Globvision
- Telespazio S.P.A.
- Vision Engineering Solutions, LLC
- GMV Innovating Solutions
- EtamaX Space
- LeoLabs
- RTX Corporation
- BAE Systems
- Thales Group
Recent Developments
- In February 2023, Astroscale Holdings Inc. received an investment of USD 23 million from Yusaku Maezawa, the first private Japanese citizen to visit the International Space Station (ISS).
- In February 2023, Astroscale Holdings Inc., and Mitsubishi Electric Corporation announced that Mitsubishi Electric had contributed USD 25 million to Astroscale's Series G funding round. In addition to the investment, the companies have decided to work together to develop and produce sustainable satellite buses for Japanese national security constellations.
- In March 2022, NorthStar Earth & Space, Inc. signed a contract with Spire Global to develop CubeSat, which collects space situational awareness data for NorthStar using space-based sensors. It would provide essential information such as space traffic management and safe navigation to the satellite operators.
- In February 2022, GMV Innovating Solutions S.L. signed a contract of about three years with Eumetsat to provide high-accuracy optical data services and orbital determination solutions.
Space Situational Awareness Key Market Trends
- Proliferation of megastars in LEO: There is a growing trend to place hundreds of thousands of satellites on large constellations in LEO orbit for global communications Starlink, OneWeb and Kuiper represent the most ambitious megastar projects underway. Offering advantages, larger satellite clusters make orbital paths more crowded. SSA is the most accurate system that will be needed to track assets, avoid collisions, and minimize space debris. These characteristic drives technological innovation and investment in SSA projects.
- Public-private partnerships in STA/STM programs: Collaborative civil-military Space Vehicle Technical (STA) and Operational (STM) programs involving government, private sector, and academia are increasing. Require data sharing across organizations for SSA. The EU also funds STM projects and fosters links between space agencies and industry and research institutes. Such interactions exploit the strengths of different stakeholders for a robust STM based on SSA.
- Benefits of Big Data and AI for SSA Modernization: Integration of big data analytics, machine learning and AI into existing SSA systems is a growing trend. Applying advanced algorithms to large data sets enables automation of tasks such as object detection, inventory, orbital propagation, risk probability, etc. For example, the US. The Air Force is experimenting with AI technology to improve the quality of its space. Big data improves detection from multi-sensor systems. AI and automation are helping to overcome the human limitations of large space applications.
Space Situational Awareness Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global space surveillance (SSA) market is experiencing robust growth driven by the increasing number of satellites and space debris, coupled with the growing reliance on space-based assets for communication, navigation, and surveillance. The market is characterized by a surge in demand for advanced SSA solutions to monitor and manage space traffic, mitigate collision risks, and ensure the sustainability of outer space activities. Key factors contributing to market expansion include the rise in satellite launches, heightened geopolitical tensions, and the need for enhanced space domain awareness. Technological advancements in sensor capabilities, data analytics, and artificial intelligence further fuel market growth, enabling more effective tracking and monitoring of space objects.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.58 billion |
| Market size value in 2031 | USD 2.37 billion |
| Growth Rate | 4.62% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Space Situational Awareness Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Space Situational Awareness Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Space Situational Awareness Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Space Situational Awareness Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Space Situational Awareness Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Space Situational Awareness Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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