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.
MARKET DYNAMICS:
KEY 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
OPPORTUNITIES:
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
CHALLENGES:
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
By Offering
Services
Software
By End-User
Government
Military
Commercial
By Object
Mission-related debris
Rocket bodies
Fragmentation debris
Functional spacecraft
Non-functional spacecraft
Others
REGIONAL ANALYSIS:
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
Report Attributes | Details |
---|---|
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 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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) |
Company Profiles |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.6 Others
9. Space Situational Awareness Market, By End User
9.1 Government
9.2 Military
9.3 Commercial
10. Space Situational Awareness Market, By Offering
10.1 Services
10.2 Software
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
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
14. Conclusion
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