Report Scope & Overview:
The Space Situational Awareness (SSA) Market is projected to be valued at USD 1.7 Billion by 2022 and is 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.
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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 SEGMENTS
Detect, Track, and Identify (D/T/ID)
Threat warning and assessment
High altitude nuclear detection
Directed energy attack
Others (Cyber Attack, Direct Ascent ASAT)
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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
Kratos Defense & Security Solutions Inc-Company Financial Analysis
|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)
|Company Profiles||L3Harris Technologies, Lockheed Martin Corporation, Kratos Defense & Security Solutions, Inc., Parsons Corporation, and Peraton, among others|
|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
L3Harris Technologies, Lockheed Martin Corporation, Kratos Defense & Security Solutions, Inc., Parsons Corporation, and Peraton
Ans: The Space Situational Awareness [SSA] Market size was valued at US$ 1.7 Billion by 2022.
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.
Ans: The Space Situational Awareness [SSA] Market is to grow at a CAGR of 4.7% Over the Forecast Period 2023-2030.
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
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Space Situational Awareness Market, By Capability
8.1 Detect, Track, and Identify (D/T/ID)
8.2 Threat warning and assessment
8.3 High altitude nuclear detection
8.4 Orbital ASAT
8.5 Directed energy attack
8.7 Others (Cyber Attack, Direct Ascent ASAT)
9. Space Situational Awareness Market, By Object
9.1 Mission-related debris
9.2 Rocket bodies
9.3 Fragmentation debris
9.4 Functional spacecraft
9.5 Non-functional spacecraft
10.Space Situational Awareness Market, By Solution
10.2 Payload system
11. Space Situational Awareness Market, By End User
12. Space Situational Awareness Market, By Offering
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 HITACHI LTD.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 AB VOLVO
14.3 CATTERPILLAR INC.
14.4 CNH INDUSTRIAL N.V
14.5 DEERE AND COMPANY
14.6 DOOSAN INFRACOE CO.LTD
14.7 J C BAMFORD EXCAVATORS. LTD.
14.8 KOMATSU LTD.
14.9 Liebherr-international AG
14.10 XCMG GROUP
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
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