Space Situational Awareness Market Research 2020 Report | Industry Size, Growth and Forecast 2027
The Global Space Situational Awareness (SSA) Market is estimated to reach approximately USD 1.6 Billion by 2027 with the CAGR of over 4.5%.
Space Situational Awareness (SSA) is a software that has the ability of tracking and detecting the natural and manmade particles present in the Earth’s proximity in accurate manner, which may act as threats to the space vehicles. SSA predicts the potential threat through assessing the risk with offering range of solutions to mitigate the risk involved. SSA also keeps track on the various space bodies which interfers with the path of particular orbit and projects their position well in advance in order to avoid collision from the satellite.
Space Situational Awareness (SSA) Market: Drivers & Restraints
Market Drivers:
Rising Space Activities
With launches of new satellites and in-orbit operations, the space is getting crowded. As per Institute of Defense Analyses, in past few decades approximately 8,500 objects were launched into the space for various purposes. This trend is expected to continue in the following timespan, as over 6,000 small satellites (weighing less than 500kg) are planned to be launched by 2026.O globalization of the aerospace sector along with higher interest of the countries in independent national space programs is further crowding the space sector. Thus, rise in space activities is driving the demand for space situational awareness.
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Increasing Focus Towards Enhancing National Security
Security is the prime concern for any country and thus countries are constantly depending on the space to enhance their national security. More countries are interested in developing the space based intelligence and survillience for attaining higher national security goals. For this, satellite are mostly used for communicating the data. Countries such as US, China, Japan are investing heavily in the SSA for protecting the satellite, which delivers crucial information. In 2018, Japan invested around USD 17 Million in SSA activities, whereas, developing countries such as Australia plans to invest around USD 2 Billion by 2035.
Market Challenges:
Limitation in Detecting Minor Space Objects
The rise in the debris is the concern hampering the global space industry. The key function of the SSA is to detect and track the potential threat such as debris. However, there exist limitation for detection of small and micro-debris owing to their small size (below 1 cm). Even though these small and micro-debris are smaller in size, it pertains higher risk of collision with the space vehicles leading to higher loss. Thus, the limitation in detection of the minor-debris acts as the key challenge for the market growth.
Space Situational Awareness (SSA) Market: Key Segments
- On The Basis of Offering: Software and Service
- On The Basis of Application: Space Weather Detection, Near Earth Objects Detection and Space Surveillance and Tracking
- On The Basis of End-User: Government & Defense, Regulatory Agencies, Research and Space Agencies and Commercial Space Operators
- On The Basis of Geography: North America, South America, Europe, Asia-Pacific, Middle East & Africa with individual country-level analysis.
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Space Situational Awareness (SSA) Market: Report Scope
The report on the space situational awareness market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
List of the leading companies operating in the Space Situational Awareness (SSA) Market include:
- Analytical Graphics, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Gryphon Technologies, L.C
- Etamax Space GmBH
- Exoanalytic Solutions
- Kratas Defense & Security Solutions
- GlobVision Inc.
- Lockheed Martin Corporation
- Polaris Alpha
- Harris Corporation
- Peraton
- Other Key Companies
Space Situational Awareness (SSA) Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Space Situational Awareness Market, by Offering
- Software
- Service
Space Situational Awareness (SSA) Market, by Application
- Space Weather Detection
- Near Earth Objects Detection
- Space Surveillance and Tracking
Space Situational Awareness (SSA) Market, by End-User
- Government & Defense
- Regulatory Agencies
- Research and Space Agencies
- Commercial Space Operators
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Space Situational Awareness (SSA) Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
- INTRODUCTION
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
- SPACE SITUATIONAL AWARENESS MARKET BY OFFERING, Market Size in USD Million (2019—2027)
- SPACE SITUATIONAL AWARENESS MARKET BY APPLICATION, Market Size in USD Million (2019—2027)
- SPACE SITUATIONAL AWARENESS MARKET BY END-USER, Market Size in USD Million (2019—2027)
- SPACE SITUATIONAL AWARENESS MARKET BY REGION, Market Size in USD Million (2019—2027)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
- APPENDIX
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