The Space Situational Awareness (SSA) Market size was valued at USD 1.64 Billion by 2023 and is expected to grow further at USD 2.30 billion by 2031 registering a 4.5% CAGR during the forecast period 2024–2031.
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.
To get more information on Space Situational Awareness (SSA) Market - Request Free Sample Report
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.
By Offering
Services
Software
By End-User
Government
Military
Commercial
By Capability
Detect, Track, and Identify (D/T/ID)
Threat warning and assessment
High altitude nuclear detection
Orbital ASAT
Directed energy attack
Jamming
Others (Cyber Attack, Direct Ascent ASAT)
Characterization
By Object
Mission-related debris
Rocket bodies
Fragmentation debris
Functional spacecraft
Non-functional spacecraft
Others
By Solution
Services
Payload system
software
Need any customization research on Space Situational Awareness (SSA) Market - Enquiry Now
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
The Major Players are L3Harris Technologies, Lockheed Martin Corporation, Kratos Defense & Security Solutions, Inc., Parsons Corporation, Peraton and Other Players.
Kratos Defense & Security Solutions Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.64 Billion |
| Market Size by 2031 | US$ 2.30 Billion |
| CAGR | CAGR of 4.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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$ 1.64 Billion by 2023.
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 4.5% Over the Forecast Period 2024-2031.
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 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
8.6 Jamming
8.7 Others (Cyber Attack, Direct Ascent ASAT)
8.8 Characterization
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
9.6 Others
10.Space Situational Awareness Market, By Solution
10.1 Services
10.2 Payload system
10.3 software
11. Space Situational Awareness Market, By End User
11.1 Government
11.2 Military
11.3 Commercial
12. Space Situational Awareness Market, By Offering
12.1 Services
12.2 Software
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 HITACHI LTD.
14.1.1 Financial
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
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete 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 at a stage wherein we can provide our clients best and 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 brain storming session 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 is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of 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 university 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 the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement 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 filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from 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 centre 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 not limited to getting rid of the any typos, duplication of numbers or missing of 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 uploader 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.
The Hydrographic Survey Equipment Market Size was valued at USD 2.90 billion in 2022 and is expected to reach USD 4.35 billion by 2030 with a growing CAGR of 5.41% over the forecast period 2023-2030.
The Airborne ISR Market size was valued at US $10.5 Billion in 2022 and is estimated to reach US$ 15.5 billion by 2030 with a growing CAGR of 5% from 2023 to 2030.
The Aircraft Exhaust System Market size was valued at USD 955.17 Million in 2022 & is estimated to reach USD 1744.20 Million by 2030 and increase at a compound annual growth rate (CAGR) of 7.82% between 2023 and 2030.
The Deployable Military Shelter Systems Market Size was valued at USD 0.97 billion in 2022 and is expected to reach USD 1.10 billion by 2030 with an emerging CAGR of 1.55% over the forecast period 2023-2030
The Radome Market Size was valued at USD 2.08 billion in 2022 and is expected to reach USD 6.84 billion by 2030, with a growing CAGR of 16.0% over the forecast period 2023-2030.
The Hydrogen Aircraft Market Size was valued at US$ 240.51 million in 2022 expected to reach USD 1743.91 million by 2030 and grow at a CAGR of 28.1% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
