This report describes and explains the space situational awareness market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global space situational awareness market reached a value of nearly $1.5 billion in 2024, having grown at a compound annual growth rate (CAGR) of 2.87% since 2019. The market is expected to grow from $1.5 billion in 2024 to $2.0 billion in 2029 at a rate of 5.94%. The market is then expected to grow at a CAGR of 5.32% from 2029 and reach $2.6 billion in 2034.
Growth in the historic period resulted from the increasing amount of debris in space, expansion of low-earth orbit (LEO) satellite constellations and partnerships between international organizations to improve orbital safety. Factors that negatively affected growth in the historic period was economic uncertainties or downturns.
Going forward, the rising frequency of satellite launches and space missions, growth in space tourism, government policies and initiatives and increased spending on space monitoring by defense sectors will drive the growth. Factor that could hinder the growth of the space situational awareness market in the future include limited availability of data.
The global space situational awareness market is highly concentrated, with a small number of players dominating the market. The top ten competitors in the market made up 71.60% of the total market in 2023. Lockheed Martin Corporation was the largest competitor with a 14.64% share of the market, followed by L3Harris Technologies Inc. with 10.62%, Leonardo DRS Technologies Inc. with 9.92%, Kratos Defense & Security Solutions Inc. with 8.30%, Parsons Corporation with 5.96%, Northrop Grumman Corporation with 5.40%, BAE Systems plc with 5.36%, Ansys Inc. with 4.21%, Spire Global Inc. with 4.09% and Swedish Space Corporation with 3.09%.
The space situational awareness market is segmented by solution into service, payload systems and software. The service market was the largest segment of the space situational awareness market segmented by solution, accounting for 38.59% or $580.74 million of the total in 2024. Going forward, the payload systems segment is expected to be the fastest growing segment in the space situational awareness market segmented by solution, at a CAGR of 6.37% during 2024-2029.
The space situational awareness market is segmented by orbital range into near-Earth and deep space. The near-earth market was the largest segment of the space situational awareness market segmented by orbital range, accounting for 89.19% or $1.34 billion of the total in 2024. Going forward, the deep space segment is expected to be the fastest growing segment in the space situational awareness market segmented by orbital range, at a CAGR of 6.47% during 2024-2029.
The space situational awareness market is segmented by end use into commercial and government and military. The government and military market was the largest segment of the space situational awareness market segmented by end use, accounting for 61.12% or $919.87 million of the total in 2024. Going forward, the commercial segment is expected to be the fastest growing segment in the space situational awareness market segmented by end use, at a CAGR of 6.40% during 2024-2029.
The space situational awareness market is segmented by capability into detect, track and identify (D/T/Id), threat warning and assessment and characterization. The detect, track and identify (D/T/Id) market was the largest segment of the space situational awareness market segmented by capability, accounting for 53.40% or $803.58 million of the total in 2024. Going forward, the threat warning and assessment segment is expected to be the fastest growing segment in the space situational awareness market segmented by capability, at a CAGR of 6.95% during 2024-2029.
The space situational awareness market is segmented by object into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft and other objects. The fragmentation debris market was the largest segment of the space situational awareness market segmented by object, accounting for 30.80% or $463.52 million of the total in 2024. Going forward, the fragmentation debris segment is expected to be the fastest growing segment in the space situational awareness market segmented by object, at a CAGR of 7.04% during 2024-2029.
North America was the largest region in the space situational awareness market, accounting for 41.70% or $627.52 million of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the space situational awareness market will be Asia Pacific and Middle East where growth will be at CAGRs of 7.27% and 6.99% respectively. These will be followed by South America and Africa where the markets are expected to grow at CAGRs of 6.77% and 6.08% respectively.
The top opportunities in the space situational awareness market segmented by solution will arise in the service segment, which will gain $195.95 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by orbital range will arise in the near-Earth segment, which will gain $443.68 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by end use will arise in the government and military segment, which will gain $290.64 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by capability will arise in the detect, track, and identify (D/T/Id) segment, which will gain $271.48 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by object will arise in the fragmentation debris segment, which will gain $187.79 million of global annual sales by 2029. The space situational awareness market size will gain the most in the USA at $157.37 million.
Market-trend-based strategies for the space situational awareness market include focus on developing space missions to enhance orbital debris tracking, improve collision avoidance capabilities and ensure the long-term sustainability of space operations, focus on developing advanced in-orbit cameras to enhance tracking of space debris, improve situational awareness and ensure safer and more efficient space operations, focus on adopting a strategic partnerships approach to enhance their technological capabilities and deliver more comprehensive solutions to address the growing challenges of monitoring and managing space traffic and focus on strategic investments to develop advanced technologies, strengthen their product portfolios and improve their ability.
Player-adopted strategies in the space situational awareness market include focus on product advancements for future growth, focus on enhancing its business operations through securing new contracts, focus on enhancing its geographical footprint across the globe through new launches, focus on enhancing its geographical footprint across the globe through strategic partnerships and focus on improving its portfolio and strengthening its business through new product developments.
To take advantage of the opportunities, the analyst recommends the space situational awareness companies to focus on expanding space missions to enhance situational awareness, focus on advancing in-orbit camera technologies for enhanced SSA, focus on strategic investments to drive SSA market growth, focus on the payload systems segment for growth, focus on the deep space segment for growth, focus on the threat warning and assessment segment for growth, focus on the fragmentation debris segment for growth, expand in emerging markets, focus on strategic partnerships to enhance SSA capabilities, focus on competitive and value-based pricing strategies, focus on targeted marketing and industry partnerships, focus on digital channels for lead generation and focus on the commercial segment for growth.
The global space situational awareness market reached a value of nearly $1.5 billion in 2024, having grown at a compound annual growth rate (CAGR) of 2.87% since 2019. The market is expected to grow from $1.5 billion in 2024 to $2.0 billion in 2029 at a rate of 5.94%. The market is then expected to grow at a CAGR of 5.32% from 2029 and reach $2.6 billion in 2034.
Growth in the historic period resulted from the increasing amount of debris in space, expansion of low-earth orbit (LEO) satellite constellations and partnerships between international organizations to improve orbital safety. Factors that negatively affected growth in the historic period was economic uncertainties or downturns.
Going forward, the rising frequency of satellite launches and space missions, growth in space tourism, government policies and initiatives and increased spending on space monitoring by defense sectors will drive the growth. Factor that could hinder the growth of the space situational awareness market in the future include limited availability of data.
The global space situational awareness market is highly concentrated, with a small number of players dominating the market. The top ten competitors in the market made up 71.60% of the total market in 2023. Lockheed Martin Corporation was the largest competitor with a 14.64% share of the market, followed by L3Harris Technologies Inc. with 10.62%, Leonardo DRS Technologies Inc. with 9.92%, Kratos Defense & Security Solutions Inc. with 8.30%, Parsons Corporation with 5.96%, Northrop Grumman Corporation with 5.40%, BAE Systems plc with 5.36%, Ansys Inc. with 4.21%, Spire Global Inc. with 4.09% and Swedish Space Corporation with 3.09%.
The space situational awareness market is segmented by solution into service, payload systems and software. The service market was the largest segment of the space situational awareness market segmented by solution, accounting for 38.59% or $580.74 million of the total in 2024. Going forward, the payload systems segment is expected to be the fastest growing segment in the space situational awareness market segmented by solution, at a CAGR of 6.37% during 2024-2029.
The space situational awareness market is segmented by orbital range into near-Earth and deep space. The near-earth market was the largest segment of the space situational awareness market segmented by orbital range, accounting for 89.19% or $1.34 billion of the total in 2024. Going forward, the deep space segment is expected to be the fastest growing segment in the space situational awareness market segmented by orbital range, at a CAGR of 6.47% during 2024-2029.
The space situational awareness market is segmented by end use into commercial and government and military. The government and military market was the largest segment of the space situational awareness market segmented by end use, accounting for 61.12% or $919.87 million of the total in 2024. Going forward, the commercial segment is expected to be the fastest growing segment in the space situational awareness market segmented by end use, at a CAGR of 6.40% during 2024-2029.
The space situational awareness market is segmented by capability into detect, track and identify (D/T/Id), threat warning and assessment and characterization. The detect, track and identify (D/T/Id) market was the largest segment of the space situational awareness market segmented by capability, accounting for 53.40% or $803.58 million of the total in 2024. Going forward, the threat warning and assessment segment is expected to be the fastest growing segment in the space situational awareness market segmented by capability, at a CAGR of 6.95% during 2024-2029.
The space situational awareness market is segmented by object into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft and other objects. The fragmentation debris market was the largest segment of the space situational awareness market segmented by object, accounting for 30.80% or $463.52 million of the total in 2024. Going forward, the fragmentation debris segment is expected to be the fastest growing segment in the space situational awareness market segmented by object, at a CAGR of 7.04% during 2024-2029.
North America was the largest region in the space situational awareness market, accounting for 41.70% or $627.52 million of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the space situational awareness market will be Asia Pacific and Middle East where growth will be at CAGRs of 7.27% and 6.99% respectively. These will be followed by South America and Africa where the markets are expected to grow at CAGRs of 6.77% and 6.08% respectively.
The top opportunities in the space situational awareness market segmented by solution will arise in the service segment, which will gain $195.95 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by orbital range will arise in the near-Earth segment, which will gain $443.68 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by end use will arise in the government and military segment, which will gain $290.64 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by capability will arise in the detect, track, and identify (D/T/Id) segment, which will gain $271.48 million of global annual sales by 2029. The top opportunities in the space situational awareness market segmented by object will arise in the fragmentation debris segment, which will gain $187.79 million of global annual sales by 2029. The space situational awareness market size will gain the most in the USA at $157.37 million.
Market-trend-based strategies for the space situational awareness market include focus on developing space missions to enhance orbital debris tracking, improve collision avoidance capabilities and ensure the long-term sustainability of space operations, focus on developing advanced in-orbit cameras to enhance tracking of space debris, improve situational awareness and ensure safer and more efficient space operations, focus on adopting a strategic partnerships approach to enhance their technological capabilities and deliver more comprehensive solutions to address the growing challenges of monitoring and managing space traffic and focus on strategic investments to develop advanced technologies, strengthen their product portfolios and improve their ability.
Player-adopted strategies in the space situational awareness market include focus on product advancements for future growth, focus on enhancing its business operations through securing new contracts, focus on enhancing its geographical footprint across the globe through new launches, focus on enhancing its geographical footprint across the globe through strategic partnerships and focus on improving its portfolio and strengthening its business through new product developments.
To take advantage of the opportunities, the analyst recommends the space situational awareness companies to focus on expanding space missions to enhance situational awareness, focus on advancing in-orbit camera technologies for enhanced SSA, focus on strategic investments to drive SSA market growth, focus on the payload systems segment for growth, focus on the deep space segment for growth, focus on the threat warning and assessment segment for growth, focus on the fragmentation debris segment for growth, expand in emerging markets, focus on strategic partnerships to enhance SSA capabilities, focus on competitive and value-based pricing strategies, focus on targeted marketing and industry partnerships, focus on digital channels for lead generation and focus on the commercial segment for growth.
Major Market Trends
- Space Missions Driving Advancements in Space Situational Awareness (SSA) Technology
- Advancements in in-Orbit Camera Technology for Space Situational Awareness
- Strategic Partnerships in Space Situational Awareness
- Strategic Investments Accelerating Growth and Innovation in Space Situational Awareness (SSA)
Key Mergers and Acquisitions
- Exoanalytic Solutions Acquires 3S Northumbria to Strengthen SSA Capabilities
- MDA Ltd. Acquires Satixfy Space Systems UK for Enhanced Market Expansion
- Boecore’S Acquisition of Orbit Logic Expands Space Sector Capabilities
- Slingshot Aerospace Acquires Numerica’S Space Domain Awareness Division and Seradata
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Space Situational Awareness Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Space Situational Awareness Market Segmentation
11 Space Situational Awareness Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Space Situational Awareness Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Space Situational Awareness Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global space situational awareness market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for space situational awareness? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The space situational awareness market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider space situational awareness market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by solution, by capability, by object, by orbit range and by end use.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the space situational awareness market.
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by solution, by capability, by object, by orbit range and by end use in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for space situational awareness providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Solution: Service; Payload Systems; Software2) by Orbital Range: Near-Earth; Deep Space
3) by End-Use: Commercial; Government and Military
4) by Capability: Detect, Track and Identify (D/T/Id); Threat Warning and Assessment; Characterization
5) by Object: Mission-Related Debris; Rocket Bodies; Fragmentation Debris; Functional Spacecraft; Non-Functional Spacecraft; Other Objects
Key Companies Mentioned: Lockheed Martin Corporation; L3Harris Technologies Inc.; Leonardo DRS Technologies Inc.; Kratos Defense & Security Solutions Inc.; Parsons Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; space situational awareness indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
Some of the major companies featured in this Space Situational Awareness market report include:- Lockheed Martin Corporation
- L3Harris Technologies Inc.
- Leonardo DRS Technologies Inc.
- Kratos Defense & Security Solutions Inc.
- Parsons Corporation
- Northrop Grumman Corporation
- BAE Systems plc
- Ansys Inc.
- Spire Global Inc.
- Swedish Space Corporation
- Space Machines Company (SMC)
- HEO Robotics
- Fujitsu
- Astroscale Japan Inc.
- Digantara
- China Aerospace Science and Technology Corporation (CASC)
- Beijing Space Eye Innovation Technology Co., Ltd
- Shanghai Engineering Center for Microsatellites (SECM)
- Antrix Corporation Limited
- Bharat Electronics Limited (BEL)
- Satellite Communication (SATCOM) Equipment Company (SATELCO)
- Mitsubishi Heavy Industries, Ltd. (MHI)
- NEC Corporation
- KT Corporation
- Hanwha Systems Co., Ltd
- Electro Optic Systems Holdings Limited (EOS)
- Nova Systems
- Indonesian Aerospace (IAe)
- PT. Space Consulting Indonesia (SCI)
- Seradata
- Slingshot Aerospace, Inc.
- Vyoma
- Safran Corporate Ventures
- GMV
- Telespazio
- Share My Space
- Airbus Group, Inc.
- EnduroSat
- Creotech Instruments S.A.
- SENER Polska
- PIAP Space
- Rocket Lab
- Spire Global Inc
- SRI International
- Air Force Research Laboratory (AFRL)
- Voyager Space Holdings, Inc
- NorthStar Earth & Space
- Magellan Aerospace
- Aireon LLC
- LeoLabs
- HawkEye 360
- Kayhan Space
- ExoAnalytic Solutions
- VENG S.A.
- INVAP S.E.
- Embraer S.A.
- Envisions Space Technology SA
- ENAER
- Tlon Space S.A.
- The Spaceport Company
- SpaceX
- Intelsat S.A.
- Neuraspace
- Exos Aerospace
- Astrobotic Technology
- Sierra Nevada Corporation
- Voyager Space Holdings
- BAE Systems
- Safran Group
- Airbus SE
- Boeing
- RTX Corporation
- NorthStar Earth & Space Inc
- Rivada Space Networks
- ArianeGroup
- International Business Machines Corporation
- Booz Allen Hamilton Inc
- Space Exploration Technologies Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 277 |
| Published | February 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 1.5 Billion |
| Forecasted Market Value ( USD | $ 2.6 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 79 |
