The space traffic management can be identified as methodologies, systems, and rules to perform operations in outer space with utmost safety, security, and sustainability. Since the inception of the space era in 1958, approximately 6,000 launched are made placing nearly 12,000 satellites in orbit. Among those 12,000 satellites, 4852 satellites are active as of 2022. The rest serve as space debris and continue to serve in orbit around earth. More than 20,000 satellites are accounted to be launched during the forecast period, making space a highly congested area. Apart from the dead satellites, the rise in several small and micro-level particles serving as space debris is also threatening space operations. More than 1 million pieces of space debris between 1cm and 10cm are identified orbiting around Earth, and the count is constantly increasing. Increasing congestion in space due to the rising number of operational satellites and launch forecast, the threat of collision course, overlapping orbits, and debris collision has generated demand for an effective space traffic management system.
The growth of the space traffic management market is driven by factors such as space-based connectivity, satellite life vehicle extension programs, and internal cooperation between nations to agree on data sharing policies are some of the primary drivers supporting the business opportunities over the coming years. Initiatives are taken by several regulatory bodies such as European Commission, United Nations Office For Outer Space Affairs (UNOOSA), and other U.S. federal departments to increase transparency about space operations across nations considering outer space a limited resource will promote the orientation of space traffic management system. Companies such as Lockheed Martin, L3Harris, and Airbus among others have started offering innovative solutions to address the rising threat of space debris and cater to the consumer demand for effective space operations. Reduced launch cost due to the introduction of re-usable rockets, adoption of smallsats and CubeSats, and rise in use of satellites for establishing communication constellations, and research and development on a personal level has generated the demand of end to end space operations service providers, supporting business augmentation.
The global space traffic management market is segmented based on application, end use, orbit, and activity. By application, the market is divided into communication, earth observation, navigation, a global positioning system (GPS) & surveillance, technology development & education, and others. The other segment encompasses several applications such as space science, maritime tracking, and other personal space-based operations. Based on end use, the space traffic management market is segmented by civil & government, commercial and military. The orbit segment will include low earth orbit (LEO), medium earth orbit (MEO) & elliptical orbit, and geostationary orbit (GEO). The activity segment is categorized into space situational awareness, space debris remediation, space orbit management, and launch vehicle operations. By region, the market is analyzed across North, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the Space Traffic Management industry. Moreover, collaborations and acquisitions are expected to enable the leading players to enhance their product portfolios and expand into different geographical regions. The Key players operating in the space traffic management market are Lockheed Martin, Thales Group, L3Harris Technologies, Boeing, Airbus, BAE Systems, Northrop Grumman, Raytheon Technologies, and Saab AB, and Kayhan space.
The growth of the space traffic management market is driven by factors such as space-based connectivity, satellite life vehicle extension programs, and internal cooperation between nations to agree on data sharing policies are some of the primary drivers supporting the business opportunities over the coming years. Initiatives are taken by several regulatory bodies such as European Commission, United Nations Office For Outer Space Affairs (UNOOSA), and other U.S. federal departments to increase transparency about space operations across nations considering outer space a limited resource will promote the orientation of space traffic management system. Companies such as Lockheed Martin, L3Harris, and Airbus among others have started offering innovative solutions to address the rising threat of space debris and cater to the consumer demand for effective space operations. Reduced launch cost due to the introduction of re-usable rockets, adoption of smallsats and CubeSats, and rise in use of satellites for establishing communication constellations, and research and development on a personal level has generated the demand of end to end space operations service providers, supporting business augmentation.
The global space traffic management market is segmented based on application, end use, orbit, and activity. By application, the market is divided into communication, earth observation, navigation, a global positioning system (GPS) & surveillance, technology development & education, and others. The other segment encompasses several applications such as space science, maritime tracking, and other personal space-based operations. Based on end use, the space traffic management market is segmented by civil & government, commercial and military. The orbit segment will include low earth orbit (LEO), medium earth orbit (MEO) & elliptical orbit, and geostationary orbit (GEO). The activity segment is categorized into space situational awareness, space debris remediation, space orbit management, and launch vehicle operations. By region, the market is analyzed across North, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the Space Traffic Management industry. Moreover, collaborations and acquisitions are expected to enable the leading players to enhance their product portfolios and expand into different geographical regions. The Key players operating in the space traffic management market are Lockheed Martin, Thales Group, L3Harris Technologies, Boeing, Airbus, BAE Systems, Northrop Grumman, Raytheon Technologies, and Saab AB, and Kayhan space.
Key Benefits For Stakeholders
- This study presents the analytical depiction of the global space traffic management market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall space traffic management market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global space traffic management market with a detailed impact analysis.
- The current space traffic management market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Application
- Communication
- Earth Observation
- Navigation, Global Positioning System, and Surveillance
- Technology Development and Education
- Others
By End Use
- Civil and Government
- Commercial
- Military
By Orbit
- LEO
- MEO and Elliptical
- GEO
By Activity
- Space Situational Awareness
- Space Debris Remediation
- Space Orbit Management
- Launch Vehicle Operations
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- Russia
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Lockheed Martin
- Thales Group
- L3Harris Technologies, Inc.
- Boeing Company
- Airbus Group
- BAE Systems plc
- Northrop Grumman
- Raytheon Technologies
- Saab AB
- Kayhan Space
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SPACE TRAFFIC MANAGEMENT MARKET, BY APPLICATION
CHAPTER 5: SPACE TRAFFIC MANAGEMENT MARKET, BY END USE
CHAPTER 6: SPACE TRAFFIC MANAGEMENT MARKET, BY ORBIT
CHAPTER 7: SPACE TRAFFIC MANAGEMENT MARKET, BY ACTIVITY
CHAPTER 8: SPACE TRAFFIC MANAGEMENT MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Space Traffic Management Market,' the space traffic management market was valued at $11.9 billion in 2020, and is estimated to reach $22.4 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.Asia Pacific dominated the space traffic management market in terms of growth, followed by North America, Europe, and LAMEA. The U.S. dominated the market share in 2020, whereas China is expected to grow at a significant rate in the market during the forecast timeframe.
The space traffic management industry holds a great potential in the near future to the rise in global launch activates. Initiative taken by major companies, public consortium and government authorities to place satellite constellation in low Earth orbit in efforts to establish a comprehensive communication network will notably raise the demand of space traffic management system. Reducing the space debris present in outer-space and effectively maneuvering operational satellite to ensure safe operations will become primary concern, supporting business opportunities within the market.
In addition, a shift in consumer dynamics universities, individual researchers, and private business owners are engaged in launching their small satellites in lower Earth orbit will require an end to end service provider, generating a demand of comprehensive space traffic management system. For instance, in November 2021, Aalto University signed a contract to launch the Foresail-1 satellite for research purpose. The launch will be conducted by a regional launch coordinator EXOlaunch.
By application, the market is divided into communication, earth observation, navigation, global positioning system (GPS) & surveillance, technology development & education, and others. The other segment encompass several applications such as space science, maritime tracking and other personal space based operations. Based on end use, the space traffic management market is segmented by civil & government, commercial and military. The orbit segment will include low earth orbit (LEO), medium earth orbit (MEO) & elliptical orbit, and geostationary orbit (GEO). The activity segment is categorized into space situational awareness, space debris remediation, space orbit management, and launch vehicle operations.
Factors such as space based connectivity, satellite life vehicle extension programs, and internal co-operation between nations to agree on data sharing polices are some of the primary drivers supporting the business opportunities over coming years. Initiatives taken by several regulatory bodies such as European Commission, United Nations Office For Outer Space Affairs (UNOOSA) and other U.S. federal departments to increase transparency about space operations across nations considering outer space a limited resource will promote orientation of space traffic management system. Companies such as Lockheed Martin, L3Harris and Airbus among other have started offering innovative solution to address the rising threat of space debris and cater the consumer demand of effective space operations. Reduced launch cost due to introduction of re-usable rockets, adoption of smallsats and cubeasts, and rise in used of satellites for establishing communication constellations, and research and development on personal level has generated the demand of end to end space operations service provides, supporting business augmentation.
Key findings of the Study
- By application, the communication segment leads the market during the forecast period.
- By end use, the commercial segment leads the space traffic management market during the forecast period.
- By orbit, LEO segment leads the market during the forecast period.
- By activity, the space debris remediation is forecasted to witness highest growth rate during the forecast period.
- Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
Companies Mentioned
- Lockheed Martin
- Thales Group
- L3Harris Technologies, Inc.
- Boeing Company
- Airbus Group
- BAE Systems plc
- Northrop Grumman
- Raytheon Technologies
- Saab AB
- Kayhan Space
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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