Space Situational Awareness Global Market Report 2024

Space situational awareness involves tracking objects in space, encompassing their identification, orbit determination, understanding the operational environment, and predicting future positions and potential threats. The purpose is to anticipate collisions among objects and alert space operators to potentially hazardous close approaches, enabling collision avoidance maneuvers.

Key components of space situational awareness solutions include services, payload systems, and software. Services involve characterizing space objects, determining their orbital trajectory, size, shape, mass, composition, rotational dynamics, and other parameters. Capabilities include detect, track, and identify (D/T/ID), threat warning, assessment, and characterization. Objects under consideration range from mission-related debris, rocket bodies, and fragmentation debris to functional and non-functional spacecraft. The main orbital ranges are near-earth and deep space. End users of these solutions include commercial entities, government agencies, and military organizations.

The space situational awareness market research report is one of a series of new reports that provides space situational awareness market statistics, including space situational awareness industry global market size, regional shares, competitors with space situational awareness market share, detailed space situational awareness market segments, market trends, and opportunities, and any further data you may need to thrive in the space situational awareness industry. This space situational awareness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The space situational awareness market size has grown strongly in recent years. It will grow from $1.41 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to the increasing space activity, a focus on space debris mitigation, expanding satellite services, national security priorities, and international cooperation in space-related initiatives.

The space situational awareness market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the increasing emphasis on space traffic management, the rise of commercial space operations, lunar and deep space exploration initiatives, space resource utilization projects, and the growing importance of space domain awareness. Major trends in the forecast period include advancements in space traffic management, enhanced monitoring of space debris, rapid data sharing initiatives, the emergence of commercial space situational awareness (SSA) services, and improved space weather prediction capabilities.

The growth of the space situational awareness market is being driven by an increased demand for space-based sensing activities. Space-based sensing activities involve remote sensing technology that profiles the earth's atmosphere and ionosphere using GNSS (such as GPS) readings acquired by low-Earth orbiting satellites, offering high vertical resolution and global coverage. Governments utilize space situational awareness to predict the orbital paths of cataloged objects and debris, aiding in the planning of space activities. For example, Aireon's space-based ADS-B system integration into NM's Enhanced Traffic Flow Management System (ETFMS) in May 2021 facilitated real-time air traffic surveillance, enhancing traffic predictability by 20%. Additionally, in September 2021, HawkEye 360 launched three satellites for RF geospatial intelligence analysis, highlighting the growing demand for space-based sensing activities and, consequently, the space situational awareness market.

The space situational awareness market is anticipated to experience growth due to increasing investments in the space industry. Investments in the space sector play a crucial role in ensuring the safety and optimization of space assets, managing collision risks, and ensuring long-term sustainability in a crowded orbital environment. In January 2022, private investment in space infrastructure firms reached a new annual record of $14.5 billion in 2021, marking a more than 50% increase from 2020. This surge in investments is a significant driver for the growth of the space situational awareness market.

A prominent trend in the space situational awareness market is technological advancement. Major companies in this sector are actively engaged in technological advancements to maintain their market positions. For instance, in April 2022, Fujitsu introduced new technology for mapping and analyzing space debris, consisting of a Space Situational Awareness System (SSA) system, radar, and an optical telescope. The technology, integrated with JAXA's radar, can observe around 10,000 objects daily, including tiny ones, facilitating automated collision likelihood determination and route adjustments to prevent potential collisions with space debris.

Companies in the space situational awareness market are emphasizing product and service advancement, exemplified by offerings like the space logistics command suite. This centralized system manages and coordinates logistics operations in space, encompassing spacecraft movement, resource allocation, and mission planning. Northrop Grumman Corporation, in April 2021, launched its Space Logistics Command Suite, providing advanced space situational awareness capabilities for rapid data gathering, analytics, and conjunction assessment.

In August 2023, MDA Ltd. acquired SatixFy Space Systems UK Ltd. (SSS), contributing to MDA Ltd.'s market expansion in the UK and enhancing in-country capabilities for space satellite payload production. SatixFy Space Systems UK Ltd. (SSS) is a UK-based company specializing in digital payload defense and space manufacturing, with expertise in space situational awareness capabilities.

Major companies operating in the space situational awareness market include Lockheed Martin Corporation, Kratos Defense & Security Solutions Inc., Polaris Alpha Advanced Systems Inc., Applied Defense Solutions, Schafer Industries, L3harris Technologies, General Dynamics Corporation, Vision Engineering Solutions, Norstar Space Data, SpaceNav LLC, Elecnor Deimos Group, ExoAnalytic Solutions Inc., Honeywell International Inc., DRS Technologies., BAE Systems, Northrop Grumman Corporation, RTX Corporation, Thales Group, ATOS SE, Elbit Systems Ltd., Leonardo S.p.A., Rheinmetall AG, Airbus SE, Boeing Co., Pratt & Whitney, Rolls-Royce Holdings PLC, GE Aviation, Safran S.A., Israel Aerospace Industries, Spirit AeroSystems Inc., Triumph Group Inc., United Technologies Corporation, International Business Machines Corporation, Microsoft Corporation, Amazon Web Services Inc., Google LLC, Oracle Corporation, Cisco Systems Inc.

North America was the largest region in the space situational awareness market in 2023. North America is expected to be the fastest growing region in the space situational awareness market share during the forecast period. The regions covered in the space situational awareness market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the space situational awareness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The space situational awareness market includes revenues earned by entities from space weather forecasts and warnings, radiofrequency interference notifications, disposal/end-of-life-support, tracking space debris, re-entry predictions, orbit determination, launch and early orbit phase, on-orbit conjunction assessment, mission support & navigation, de-orbit support, breakups and separations, space object identification and launch detection. The market value includes the value of related goods sold by the service provider or included within the service offering. The space situational awareness market also includes sales of radar sensors, telescopes, satellites, orbit determination tool kits, comspoc, space data center, space event generators, and joint space operations centers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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