The global market for Space Situational Awareness (SSA) is estimated at US$1.3 Billion in 2023 and is projected to reach US$1.9 Billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the SSA market is driven by several factors, including the escalating deployment of commercial satellite constellations, increased government spending on space defense and security, and international efforts towards sustainable space management. As companies like SpaceX and OneWeb deploy large numbers of satellites, there is a critical need for enhanced SSA systems to track and manage these assets effectively. Additionally, geopolitical dynamics prompt countries to invest in SSA to safeguard their space assets from potential threats and ensure their strategic interests are protected.
Technological innovations that improve the accuracy, speed, and cost-efficiency of SSA systems also fuel market growth, making it feasible to track an ever-increasing number of small and micro-satellites. Furthermore, the growing awareness of space debris issues and the need for active debris removal operations require advanced SSA to identify and mitigate potential collision risks, ensuring long-term sustainability of space activities. These drivers underscore the expanding scope and importance of SSA in facilitating safe and responsible use of outer space.
The growth in the SSA market is driven by several factors, including the escalating deployment of commercial satellite constellations, increased government spending on space defense and security, and international efforts towards sustainable space management. As companies like SpaceX and OneWeb deploy large numbers of satellites, there is a critical need for enhanced SSA systems to track and manage these assets effectively. Additionally, geopolitical dynamics prompt countries to invest in SSA to safeguard their space assets from potential threats and ensure their strategic interests are protected.
Technological innovations that improve the accuracy, speed, and cost-efficiency of SSA systems also fuel market growth, making it feasible to track an ever-increasing number of small and micro-satellites. Furthermore, the growing awareness of space debris issues and the need for active debris removal operations require advanced SSA to identify and mitigate potential collision risks, ensuring long-term sustainability of space activities. These drivers underscore the expanding scope and importance of SSA in facilitating safe and responsible use of outer space.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the SSA Services segment, which is expected to reach US$1.3 Billion by 2030 with a CAGR of a 4.9%. The SSA Software segment is also set to grow at 4.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $596.3 Million in 2023, and China, forecasted to grow at an impressive 6.5% CAGR to reach $172.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Space Situational Awareness (SSA) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Space Situational Awareness (SSA) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Space Situational Awareness (SSA) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems PLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 40 Featured):
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- BAE Systems PLC
- Elbit Systems Ltd.
- European Space Agency
- Kratos Defense & Security Solutions, Inc.
- L3Harris Technologies, Inc.
- Airbus Group SE
- Airbus Helicopters, Inc.
- GMV Innovating Solutions SL
- Leidos Holdings, Inc.
- Electro Optic Systems Pty Ltd.
- Kx Systems
- High Earth Orbit Robotics
- Committee for Aviation and Space Industry Development (CASID)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- BAE Systems PLC
- Elbit Systems Ltd.
- European Space Agency
- Kratos Defense & Security Solutions, Inc.
- L3Harris Technologies, Inc.
- Airbus Group SE
- Airbus Helicopters, Inc.
- GMV Innovating Solutions SL
- Leidos Holdings, Inc.
- Electro Optic Systems Pty Ltd.
- Kx Systems
- High Earth Orbit Robotics
- Committee for Aviation and Space Industry Development (CASID)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 398 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 1.9 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
