Space Situational Awareness Market Trend

Space Situational Awareness (SSA) Market is projected to be valued at USD 1.53 Billion by 2030, registering a 4.6% CAGR during the forecast period, 2020–2030. The rising deployment of small satellites is fueling the market growth. Additionally, large-scale investments by private firms in space exploration missions are expected to boost market growth during the forecast period.

Market USP

Frequent launch of new satellites

Prominent players in the global Space Situational Awareness (SSA) Market include: Analytical Graphics (US),Etamax Space (Germany),Ozonolytic Solutions (US),Kratoms Defense & Security Solutions (US),L3 Harris Technologies (US),Lockheed Martin Corporation (US),Norstar Space Data (Canada),Schaefer Systems International, Inc. (US),Sky and Space Global (Australia),Vision Engineering Solutions LLC (US)

Other Prominent Players: Elector Deimos Group (Spain), GMV Innovating Solutions (Spain), Polaris Alpha Advanced Systems, Inc. (US), Solers (US), Spacenav (US)

Growth Opportunities in the Market

·         The services segment accounted for the larger market share in 2019: The services segment is also expected to register the higher CAGR during the forecast period. The high growth can be attributed to the increasing demand for services, such as space weather services, near-earth object detection services, and space surveillance and tracking services. The software segment is expected to register a higher CAGR during the forecast period.

·        
Mission-related debris segment to be the fastest-growing: The mission-related debris segment is expected to exhibit the highest CAGR during the review period. The increasing need for situational awareness against mission-related debris is driving the growth of this segment. The functional spacecraft segment is expected to register the second-largest growth rate.

·         Government & military segment accounted for the larger market share in 2019: The government & military segment is also expected to be the faster-growing segment in the global market during the review period. The increasing number of space exploration activities by the governments of the US, Russia, China, and India are driving the growth of the segment. The commercial segment is expected to register the lower CAGR during the forecast period.

Table Of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Space Situational Awareness Market, By Offering

1.1.2. Global Space Situational Awareness Market, By Object

1.1.3. Global Space Situational Awareness Market, By End User

1.1.4. Global Space Situational Awareness Market, By Region

2. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increase In Deployment Of Small Satellites

5.2.2. Large-Scale Investments By Private Firms In Space Exploration Missions

5.2.3. Increasing Volume Of Space Debris

5.2.4. Drivers Impact Analysis

5.3. Restraints

5.3.1. Stringent Regulations

5.3.2. Restraints Impact Analysis

5.4. Opportunities

5.4.1. Technological Advancement To Lower Cost Of Spacecraft Launches

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

Space Situational Awareness (SSA) Market Report: Information by Offering (Services and Software), Object (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft and others), End User (Commercial and Government & Military) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027 @ https://www.marketresearchfuture.com/reports/space-situational-awareness-market-9534

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