Space Situational Awareness (SSA) Market Research Report - Forecast till 2027

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

ID: MRFR/A&D/8056-HCR | February 2021 | Region: Global | 165 pages

Space Situational Awareness Market Scenario

Space Situational Awareness (SSA) Market is projected to be valued at USD 1.53 Billion by 2026, registering a 4.6% CAGR during the forecast period, 2019–2026.
Space situational awareness includes services such as space weather services, near-earth object detection services, and space surveillance and tracking services. Space situational awareness services used to track and detect mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, and non-functional spacecraft to prevent any harm to functional satellites.

Market Synopsis


The Space Situational Awareness Market has witnessed high growth in recent years, owing to an increase in the deployment of small satellites and the rising number of space exploration missions by private firms. Moreover, the increasing volume of space debris is driving the growth of the market. However, the stringent regulations for satellite launching are expected to hinder market growth to some extent.


Market USP


Frequent satellite launches


Space Situational Awareness (SSA) Market


Drivers



  • Increase in deployment of small satellites: Small satellites are used for various military and commercial applications, such as surveillance and communications. The development and deployment of these satellites have increased drastically in the last few years due to the increasing use of satellites for surveillance and communications by commercial and military end-users. This is expected to increase the need for space situational awareness during the forecast period.



  • Large-scale investments by private firms in space exploration missions



  • Increasing volume of space debris


Market Restraints



  • Stringent regulations


Space Situational Awareness Market Segmentation


By Offerings



  • Services: The segment includes services such as space weather services, near-earth object detection services, and space surveillance and tracking services. The increasing demand for these services is expected to drive the growth of the segment.



  • Software: This segment includes software such as orbit determination tool kit, commercial space operations center, joint space operations center, space data and center, and space event generator. Increasing investments by satellite manufacturers in the development of their facilities for space surveillance is expected to drive the growth of the segment during the review period.


By End-Use



  • Commercial: The segment is expected to register a higher growth rate during the forecast period owing to an increase in the number of space exploration activities by private firms.



  • Military and Government: The segment dominated the Space Situational Awareness (SSA) Market in 2019 due to the high investments in space exploration by government and military agencies across the world.


By Region



  • North America: North America dominated the space situational awareness market in 2019 and is projected to remain the largest regional market during the forecast period due to the high investments by space agencies and private firms in the development of advanced satellites.



  • Europe: Europe is expected to be the second-largest regional market. This can be attributed to the increase in space exploration activities in Russia, the UK, Germany, and France. Moreover, the presence of major players, such as Etamax Space, Elecnor Deimos Group, and GMV Innovating Solutions is driving market growth in the region.



  • Asia-Pacific: The

    Space Situational Awareness (SSA) Market


    in Asia-Pacific is projected to be the fastest-growing during the forecast period due to high investments in the development of new satellites for surveillance, communications, earth observation, and navigation in China and India.



  • Middle East & Africa: The Space Situational Awareness Market in the Middle East & Africa includes Saudi Arabia, the UAE, and Israel. The increasing demand for communications and navigation satellites in the UAE and Saudi Arabia is expected to drive the growth of the market in the region.



  • Latin America: In Latin America, there has been an increase in the use of satellite imagery for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive Space Situational Awareness (SSA) Market
    growth.


Space Situational Awareness Market Key Players:



  • Analytical Graphics (US)

  • Etamax Space (Germany)

  • Exoanalytic Solutions (US)

  • Kratos 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:



  • Elecnor Deimos Group (Spain)

  • GMV Innovating Solutions (Spain)

  • Polaris Alpha Advanced Systems, Inc. (US)

  • Solers (US)

  • Spacenav (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1.53 Billion (2026)
  CAGR   4.6% (2019-2026)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Offering, Object, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Analytical Graphics (US), Etamax Space (Germany), Exoanalytic Solutions (US), Kratos 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)
  Key Market Opportunities   Frequent satellite launches
  Key Market Drivers

  • Increase in deployment of small satellites.
  • Large-scale investments by private firms in space exploration missions.
  • Increasing volume of space debris


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    Frequently Asked Questions (FAQ) :


    Global SSA market is touted to record a substantial market valuation of USD 1.53 billion by 2026.

    Global SSA market is projected to register a moderate 4.6% CAGR in the forecast period.

    The services segment is expected to observe substantial demand over the review period.

    The OEM segment is slated to expand as the fastest-growing segment.

    A few eminent market players operating in the global SSA market are Analytical Graphics (US), Etamax Space (Germany), Exoanalytic Solutions (US), among others.