Report Id: SNS/A&D/1169 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Space Situational Awareness Market is projected to be valued at USD 1.7 Billion by 2022, and expected to grow further at USD 2.45 billion by 2030 registering a 4.7% CAGR during the forecast period 2023–2030.
The Space Situational Awareness sector is concerned with the notion of watching and comprehending the earth's climate and space layers. This is accomplished through broadening our comprehension of current knowledge and exploring instruments. The SSA Market, on the other hand, is expanding its capabilities with newer technology and instruments for exploration and observation. The market is concerned with comprehending space conditions, changes, celestial occurrences, and other happenings in outer space. The Market also works with space surveillance, so that the current threats and concerns in space, such as asteroids and unnatural changes, are known. The market also raises our awareness of the unintentional or intentional damage of space networks and satellites.
The low operational costs of small satellites make them suitable for situational awareness applications.
The demand for RF mapping, weather monitoring, GPS-radio occultation (GPS-RO) remote sensing, and automatic dependent surveillance-broadcast.
These satellites are also used to track ships and monitor suspicious activities in coastal areas.
The orbital slots for satellites and radio frequencies are being used by satellite operators
To launch low-orbiting satellites by private players to offer global Internet connectivity.
Current ITU rules are not in favor of deploying small satellites in orbit
The continuous advancements in small satellite technologies.
the growing demand for LEO-based services
The demand for LEO-based services may also trigger the demand for space situational awareness services
One of the major factors that cause orbital debris is object breakup.
This debris poses a threat to present and future space missions
THE IMPACT OF COVID-19
The COVID-19 epidemic has wreaked havoc on the world's economic activities. The development of aerospace awareness programs, ground systems, and components has also had an impact. Disruption of the supply chain has led to the suspension of current production processes. Resumption of production activities depends on the level of exposure to COVID-19, the level at which production operations are performed, and the import and export regulations, among other factors. While companies may still take orders, delivery schedules may not be adjusted.
Situational Awareness in Space Market segmentation encompasses the area's several industrial sectors. The examination of industrial categories offers a thorough understanding of market product trends and leading production trends. For better segmentation, the market is divided into offers and end-users. The Space Situational Awareness market is divided into two categories: services and software. For example, the services industry includes space weather services, observation, and surveillance services, among other things. The market is divided into software categories such as orbit determination tool kits, space data and centres, space event generators, and so on. By end-user, the market is divided into commercial applications and military and government applications.
KEY MARKET PLAYER
The major key players are Lockheed Martin Corporation (The U.S.), L3Harris Technologies Inc. (The U.S.), Vision Engineering Solutions, LLC (The U.S.), Analytical Graphics, Inc. (The U.S.), Kratos Defense & Security Solutions, Inc. (The U.S.), ExoAnalytic Solutions (The U.S.), SpaceNav (The U.S.), NorthStar Earth & Space Inc. (Canada), GlobVision Inc. (Canada), Etamax Space GmbH (Germany).
KEY MARKET SEGMENT
Regional Situational Awareness in Space Market Analysis allocates resources and money to different parts of the world. Global income for the industry is generated by several geographical marketplaces across the world. The market is divided into North America, Asia Pacific, the Middle East, Africa, and Europe. The North American area will have the biggest industry share. During the Market Forecast period, the European sector will have the second-largest market share. The Asia Pacific area, on the other hand, will develop the quickest in the next years. Other regional markets will experience rapid expansion in the coming years.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1.7 Billion|
|Market Size by 2030||US$ 2.45 Billion|
|CAGR||CAGR of 4.7% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Solution (Services, Payload Systems, and Software)
• By Orbital Range (Near-Earth and Deep Space)
• By End Use (Commercial, and Government & Military)
• By Object
• By Capability
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Lockheed Martin Corporation (The U.S.), L3Harris Technologies Inc. (The U.S.), Vision Engineering Solutions, LLC (The U.S.), Analytical Graphics, Inc. (The U.S.), Kratos Defense & Security Solutions, Inc. (The U.S.), ExoAnalytic Solutions (The U.S.), SpaceNav (The U.S.), NorthStar Earth & Space Inc. (Canada), GlobVision Inc. (Canada), Etamax Space GmbH (Germany).
|DRIVERS||• The low operational costs of small satellites make them suitable for situational awareness applications.
• The demand for RF mapping, weather monitoring, GPS-radio occultation (GPS-RO) remote sensing, and automatic dependent surveillance-broadcast.
• These satellites are also used to track ships and monitor suspicious activities in coastal areas.
|RESTRAINTS||• The orbital slots for satellites and radio frequencies are being used by satellite operators
• To launch low-orbiting satellites by private players to offer global Internet connectivity.
• Current ITU rules are not in favor of deploying small satellites in orbit
Frequently Asked Questions (FAQ) :
L3Harris Technologies, Lockheed Martin Corporation, Kratos Defense & Security Solutions, Inc., Parsons Corporation, and Peraton
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
The sample for the Space Situational Awareness Market report is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
According to SNS insiders, the Space Situational Awareness Market size was USD 2.75 billion in 2021 and is expected to reach USD 3.74 billion by 2028 with a CAGR of 4.5% over the forecasted period.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Space Situational Awareness Market, By Object
8.1 Mission-related debris
8.2 Rocket bodies
8.3 Fragmentation debris
8.4 Functional spacecraft
8.5 Non-functional spacecraft
9. Space Situational Awareness Market, By End User
10. Space Situational Awareness Market, By Offering
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Lockheed Martin Corporation (The U.S.)
12.2 L3Harris Technologies Inc. (The U.S.)
12.3 Vision Engineering Solutions, LLC (The U.S.)
12.4 Analytical Graphics, Inc. (The U.S.)
12.5 Kratos Defense & Security Solutions, Inc. (The U.S.)
12.6 ExoAnalytic Solutions (The U.S.)
12.7 SpaceNav (The U.S.)
12.8 NorthStar Earth & Space Inc. (Canada)
12.9 GlobVision Inc. (Canada)
12.10 Etamax Space GmbH (Germany)
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.