The Global Space Situational Awareness Market Size was valued at $1.6 Billion in 2023 and is estimated to reach $1.8 Billion by 2026, growing at a CAGR of 4.6% during the forecast period.
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Increased Reliance on Space-based Assets
With enhanced demand for SSA services, there is a move towards the commercialization of SSA as private entities make their entry into the market to provide such services to clients. With more nations, enterprises, and institutions relying on satellite technology for diverse applications, ranging from communications to early warning for collisions, weather forecasting, and navigation, the demand for precise and uniform SSA is expected to grow significantly. Moreover, the utilization of space-based assets has revolutionized war by increasing the capabilities in intelligence, surveillance, and reconnaissance (ISR). Hence, the capabilities are expected to be increasingly employed by public and private sectors to gather situational awareness in the space, maritime, and aeronautical fields. Since the airlines employ satellites to monitor flights in line with the International Civil Aviation Organization's (ICAO) new standards, recently approved, which require an aircraft to be monitored every 15 minutes. Also, the satellites are employed to monitor vessels and look for suspicious activities along coastal areas.
Emerging In-Orbit Services
In-orbit services, which offer satellites in space with inspection, repair, assembly, refueling, and life-extension support, are beginning to fly in the space sector. When the space satellite collides with a minor part of the in-orbit service mission, it creates the space trash. These operations are performed by firms very close to the client satellite. But the company has to utilize space situational awareness services to perform safe in-orbit services. This implies that enhanced space situational awareness services are vital for the space sector.
Market Segmentation
Global Space Situational Awareness Market is segmented based on offering, object, end use, and by region. Based on offering the market is further fragmented into service and software. Based on object the market is divided into fragmentation debris, mission related debris, functional spacecraft, non-functional spacecraft, rocket bodies. Based on end use the market is divided into government & military, commercial. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Company Profiles
LeoLabs, Inc., L3harris Technologies, Lockheed Martin Corporation, Parsons Corporation, Kratos Defense & Security Solutions, Inc., Northstar Earth & Space Inc, ExoAnalytic Solutions, DEIMOS SPACE S.L.U, Astroscale Holding Inc., Peraton Inc.,
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Attribute |
Details |
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Revenue in 2022 |
USD202.11 Million |
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Revenue Forecast in 2028 |
USD339.50 Million |
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Growth rate |
9.29% |
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United States Revenue Forecast in 2028 |
USD125.80 Million |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million and Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· By Offering · By Object · By End Use · By Region |
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Regional Scope |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
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Country Scope |
United States, Canada, Mexico, Russia, Germany, France, United Kingdom, Italy, Spain, Netherland, Poland, China, Japan, Australia, South Korea, India, Thailand, Indonesia, Brazil, Argentina, Israel, Iran, Turkey, UAE, Saudi Arabia |
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Key Companies Profiled |
LeoLabs, Inc., L3harris Technologies, Lockheed Martin Corporation, Parsons Corporation, Kratos Defense & Security Solutions, Inc., Northstar Earth & Space Inc, ExoAnalytic Solutions, DEIMOS SPACE S.L.U, Astroscale Holding Inc., Peraton Inc. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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