"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Space Situational Awareness (SSA) Market Size, Share & COVID-19 Impact Analysis, By Offering (Service and Software), By Object (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Non-Functional Spacecraft, Functional Spacecraft), By End-User (Commercial, Military, and Government), and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI105446

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

的global space situational awareness (SSA) market size was USD 1.21 billion in 2020 and is projected to grow from USD 1.27 billion in 2021 to USD 1.73 billion in 2028 at a CAGR of 5.27% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with space situational awareness witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market had shown a growth of 4.5% in 2020 as compared to the average year-on-year growth during 2017-2019.

WE ARE IN THE PROCESS OF REVAMPING Space Situational Awareness (SSA) Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT

Request Sample

Space situational awareness (SSA) plays a vital role in ensuring the safety of space activities. Threats, such as orbital collisions between space debris and space objects, can be avoided with the help of this system. The U.S. Space Command has been tracking and monitoring over 28,000 space objects, of which only 3373 are active satellites. The rising number of space objects is the main factor driving the growth of the market.


COVID-19 Pandemic Has Had a Negative Impact on the Space Industry


的coronavirus pandemic has affected the global economy. In the space industry, large players seem to be able to cope with the ongoing crisis. These large firms faced challenges, such as a slowdown in production, delay in launches, and others. However, small and medium-sized industries witnessed a negative impact.


英国航天局&国际部门l Trade and U.K. Space carried out a survey of the COVID-19 impact on all organizations in the U.K. space sector. Following are the statistics of COVID-19 impact on the U.K space organizations.



  • 20% of organizations reported significant economic damage

  • 63% of organizations reported some negative impact

  • 18% of organizations reported no impact


Moreover, space situational awareness market growth has not been severely impacted by the pandemic owing to the increasing satellite launches in the year 2020.



  • SpaceX had launched 735 smallsats in the year 2020.


LATEST TRENDS


Request a Free sampleto learn more about this report.


Enhancing Space Domain Awareness (SDA) with Radio Frequency Data is a Prominent Trend


传统SDA主要依靠两个nsor types - radar and electro-optical sensors. Each offers its respective strengths, but they have certain limitations. Radars are expensive, and the electro-optical sensor’s output is affected by the weather. The radio frequency (RF) data adds a new dimension to the awareness program. It advances capabilities beyond traditional methods.


Radio frequency data transmitting from objects in space can be monitored and analyzed to obtain critical information, such as location, intention, health, usage, and ownership.


For instance, RF data can geolocate and detect interference, whether a jammer or accidental misalignment of objects. It can also identify anomalies in the payload system performance and its impact. By tracking satellites over time, RF data can recognize unexpected challenges that may reveal potential threats.



  • Kratos Defense & Security Solutions Inc. is a leading provider of radio frequency spectral services for SSA. The company has over 20 radio frequency monitoring sites across the world.


的surging adoption of radio frequency monitoring is anticipated to spur opportunities for the market growth.


DRIVING FACTORS


Surging Satellite Launches and Space Activities across the Globe to Boost Growth


Over the past few years, there has been an exponential growth in the number ofsmall satellitelaunches for commercial and military purposes. The overcrowding in space is a potential threat to all the satellites. Thus, accurate tracking and predicting the positions of space objects is in high demand.



  • 的number of small satellites launched in the year 2018, 2019, and 2020 is 322, 385, and 1029, respectively.

  • According to the Union of Concerned Scientists (UCS), there are currently 3,373 operational satellites in orbit around the Earth.


的growing use of space for national security, commercial services, and others is resulting in a rise in the demand for SSA capabilities. Moreover, along with satellite launches, the number of satellite operators has been increasing steadily over the past 60 years. Several countries, such as Africa, India, and others, have become active in space activities which are expected to increase the demand.


Rising Partnership among Countries for Space Situational Awareness to Propel Growth


Space is progressively recognized as a sector of strategic importance for national security. There is an increase in the number of countries to use space for safety, national security, science, and others. Currently, 80 countries are active in the space domain. The congestion in space is directing organizations across various countries to collaborate to ensure the sustainability and safety of space activities.



  • For instance, in October 2020, India expanded collaboration with the U.S. to improve its SSA capabilities.

  • In December 2020, the Indian Space Research Organization (ISRO) set up a dedicated Space Situational Awareness Centre in Bangalore and will work on a project named Network for Space Object Tracking and Analysis (NETRA).


Thus, the rising need for collaboration among countries for coordinating space traffic is anticipated to boost growth.


RESTRAINING FACTORS


Stringent Norms Implemented by Space Regulatory Authorities May Hamper Market Growth


的space industry faces several limitations from national and international government organizations. As per the International Space Law, every state has to register its space objects with the international registry to notify and track space objects.


On an international level, there are five United Nations Treaties on outer space, which are



  • Outer Space Treaty

  • Rescue Agreement

  • Liability Convention

  • Registration Convention

  • Moon Agreement


Moreover, non-government entities require authorization and supervision from the state to carry out space activities.



  • For instance, Swarm Technologies’ SpaceBees picosatellite did not receive the spectrum license from the Federal Communication Commission (FCC) owing to the concerns that the SpaceBees satellites may not be tracked consistently by the U.S. Department of Defense (DoD).


SEGMENTATION


By Offering Analysis


Surveillance and Tracking Sub-segment to Grow at Higher CAGR Due to Increasing Satellite Launches


Based on the offering, the market is segmented into service and software.


的services segment is expected to dominate the market due to the rising space exploration activities and space debris modeling. The segment is further classified into space weather services, near-earth object detection services, and space surveillance and tracking services. The space surveillance and tracking services sub-segment is anticipated to grow exponentially owing to the growing satellite launches.


的software segment is anticipated to show significant growth during the forecast period. The growth of the segment is attributed to the increasing development of software capabilities to protect space equipment.



  • For instance, Lockheed Martin Corporation developed an intelligent space awareness software named “iSpace” that provides command & control and battle management capabilities for its customers.


By Object Analysis


To know how our report can help streamline your business,Speak to Analyst


Fragmentation Debris Segment to Lead Market Due to Increasing Space Debris


Based on the object, the market is segmented into mission-related debris, rocket bodies, fragmentation debris, non-functional spacecraft, and functional spacecraft.


的fragmentation debris segment dominated the market in 2020 owing to an increase in the fragmentation of rocket bodies and spacecraft over the past 60 years. Fragmentation debris accounts for 40% of the U.S. Space Debris Catalogue.


的functional spacecraft segment is predicted to witness significant growth due to the rising space exploration activities. The mission-related debris segment is expected to grow during the forecast period due to the rising number of space objects.



  • 的European Space Agency (ESA) has estimated the number of debris in earth orbit. There are 34,000 objects that are greater than 10cm, 9,00,000 objects between 1cm and 10cm, and 128 million objects between 1mm and 1cm.


By End-User Analysis


Military and Government Segment to Witness Significant Growth Owing to Rising Investment by Various Countries


Based on the end-user, the market is divided into commercial and military & government.


的commercial segment is anticipated to grow at a high compound annual growth rate throughout the forecast period. The growth is attributed to the rising interest of players in the SSA industry to offer space-based services, such as space debris removal, deorbiting of non-functional spacecraft, and offering data-sharing to satellite owners.


的military and government segment is expected to grow substantially throughout the projection period owing to the rising investment by governments of various countries to increase SSA capabilities.


REGIONAL INSIGHTS


North America Space Situational Awareness Market Size, 2020 (USD Billion)

To get more information on the regional analysis of this market,Request a Free sample


的global market for space situational awareness is segmented based on regions into North America, Europe, Asia-Pacific, and the rest of the world.


North America held the largest SSA market share in 2020 and is anticipated to continue its dominance during the forecast period. The U.S. has the largest space surveillance network in the world. Moreover, the U.S. Department of Defense spends heavily on SSA. Furthermore, the presence of prominent space organizations, such as NASA and the U.S. DoD, would fuel the growth of the market in the region.


的market in Europe is anticipated to grow significantly during the forecast period. Russia has the second-largest network of space surveillance which is anticipated to boost the market growth in the region.


Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period. The growth can be attributed to the increasing demand for SSA capabilities from emerging economies, such as China, India, and Japan. China is growing itsoptical sensornetwork called Asia-Pacific Optical Satellite Observation System (APOSOS) through work with its space network, which is Asia-Pacific Space Cooperation Organization (APSCO).


的market in the rest of the world is also expected to grow steadily during the forecast period. The growth can be attributed to the rising collaboration between non-U.S. countries for SSA capabilities.



  • For example, the South African National Space Agency (SANSA) has partnered with the German Aerospace Centre (DLR) to host a space debris tracking station within the Optical Space Research (OSR) Laboratory.


的countries in the southern hemisphere, such as South Africa, Chile, and others, are seeing a lot of interest in sites for installing sensors.


KEY INDUSTRY PLAYERS


Key Players Are Determined in Providing Advanced SSA Capabilities


Lockheed Martin Corporation, L3Harris Technologies Inc., and others are the major players in the market. Key companies in this emerging market are majorly focusing on offering software and services for space situational awareness. These players are adopting growth strategies, such as partnerships, agreements, and new product development, to sustain their positions in the market.


LIST OF KEY COMPANIES PROFILED:



关键行业的发展:



  • April 2021– Lockheed Martin Corporation was selected by the German Space Agency at DLR to offer its space traffic management software “iSpace.” The company’s iSpace system can track up to 300,000 objects in space.

  • March 2021——Bluestaq美国技术公司awarded a contract worth USD 280 million by the U.S. Space Force to expand its space data catalog.

  • February 2021– L3Harris Technologies Inc. was awarded a two-year contract worth USD 89 million by the U.S. Space Force in continuation with the previous award for the Maintenance of Space Situational Awareness Integrated Capabilities (MOSSAIC) program. The company will continue to maintain and upgrade the infrastructure to track objects in space.


REPORT COVERAGE


An Infographic Representation of Space Situational Awareness (SSA) Market

To get information on various segments,share your queries with us



的global market report provides a detailed analysis of the market and focuses on key aspects such as key players, offerings, objects, and end-users. Moreover, the research report offers insights on space situational awareness market trends, competitive landscape, market competition, product pricing, market status and highlights key industry developments. In addition to the factors mentioned above, it encompasses several direct and indirect factors that have contributed to the sizing of the global market over recent years.


Report Scope & Segmentation
















































ATTRIBUTE



DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion)



分割



Offering; Object; End-User and Geography




  • By Offering

  • Service

  • Software




  • By Object

  • Mission-Related Debris

  • Rocket Bodies

  • Fragmentation Debris

  • Non-Functional Spacecraft

  • Functional Spacecraft






  • By End-User

  • Commercial

  • Military and Government



By Geography





  • North America (By Offering, Object, End-User, and Country)

    • 的U.S. (By Offering)

    • Canada (By Offering)



  • Europe (By Offering, Object, End-User, and Country)

    • 的U.K. (By Offering)

    • Germany (By Offering)

    • France (By Offering)

    • Russia (By Offering)

    • Rest of Europe (By Offering)



  • Asia-Pacific (By Offering, Object, End-User, and Country)

    • China (By Offering)

    • India (By Offering)

    • Japan (By Offering)

    • Australia (By Offering)

    • Rest of Asia-Pacific (By Offering)



  • Rest of the World (By Offering, Object, End-User, and Sub-Region)

    • 的Middle East & Africa (By Offering)

    • Latin America (By Offering)





经常Asked Questions

Fortune Business Insights says that the global market size was USD 1.21 billion in 2020 and is projected to reach USD 1.73 billion by 2028.

Registering a CAGR of 5.27%, the market will exhibit steady growth in the forecast period (2021-2028).

的service segment is expected to lead this market during the forecast.

L3Harris Technologies Inc. is the leading player in the global market.

North America dominated the market in terms of share in 2020.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Space Situational Awareness (SSA) Market Size, Share and Global Industry Trend Forecast till 2026
  • Jun, 2021
  • 2020
  • 2017-2019
  • 200

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Aerospace & Defense Clients

Topcon
Kojler
Toyota
Mitsubishi
Accenture

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

——一个在德国领先的食品公司

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies .Privacy.
X
Baidu