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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.
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.
Moreover, space situational awareness market growth has not been severely impacted by the pandemic owing to the increasing satellite launches in the year 2020.
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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.
的surging adoption of radio frequency monitoring is anticipated to spur opportunities for the market growth.
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.
Thus, the rising need for collaboration among countries for coordinating space traffic is anticipated to boost growth.
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
Moreover, non-government entities require authorization and supervision from the state to carry out space activities.
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.
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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.
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.
North America Space Situational Awareness Market Size, 2020 (USD Billion)
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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.
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 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.
An Infographic Representation of Space Situational Awareness (SSA) Market
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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.
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 |
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By Geography |
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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.