Space Situational Awareness Market to reach USD 2.30 Bn by 2031 due to Rising Demand for Space-Based Sensing Activities

Space Situational Awareness (SSA) Market Overview:

The Space Situational Awareness (SSA) Market is experiencing remarkable growth, driven by the proliferation of small satellites and the increasing use of space-based sensing for situational monitoring.

The SNS Insider report indicates that the Space Situational Awareness (SSA) Market size was valued at USD 1.64 billion in 2023 and is expected to grow further to reach USD 2.30 billion by 2031, registering a 4.5% CAGR during the forecast period 2024–2031.

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Major Key Players Included are:

• L3Harris Technologies
• Lockheed Martin Corporation
• Kratos Defense & Security Solutions, Inc
• Parsons Corporation
• Peraton and Other Players.

Growing Demand Across Sectors

The demand for space-based sensing activities within government and commercial sectors is fueling market expansion.  Governments leverage SSA for national security and intelligence operations. The increasing use of space-based sensing activities for satellite monitoring and broader situational awareness drives the growth of the space situational awareness market. Additionally, the growing demand for LEO-based services such as broadband services, Earth observation imagery, and on-orbit operations creates significant opportunities within the market. Advancements in small satellite technology are improving affordability, capacity, and low-latency capabilities, further bolstering their adoption. While regulatory complexities pose a challenge, the benefits far outweigh the hurdles, ensuring the steady growth of SSA solutions.

Recent Trends in the SSA market:

1. Increased Focus on Data Sharing and Collaboration– The sheer volume of objects in orbit and the complexity of tracking them necessitates cooperation. No single entity can maintain a comprehensive, real-time picture alone.

Example- US Space Command’s Combined Space Operations Center (CSpOC) collaborates with international partners, integrating data to improve SSA.

2. Focus on Space Traffic Management (STM)- Beyond just awareness, there’s an urgent need for proactive management of orbital space to ensure sustainability and safety.

Examples:  Active debris removal missions Technologies like robotic capture or de-orbiting devices are being developed (e.g., ClearSpace-1 mission by ESA).

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Recent Developments by the key players in the Space Situational Awareness (SSA) Market

• September 2021: Kratos Defense and Security Solutions secured USD 2.8 million in Department of Defense funding for a prototype to provide rapid access to space-related situational awareness data.
• August 2021: Telespazio UK was awarded a service contract by the European Space Agency to run science operations centers of ESA missions at the European Space Astronomy Centre (ESAC).
• August 2021: NorthStar Earth & Space Inc. partnered with the Japan Space Imaging Corporation (JSI) to provide tailored SSA services for the Japanese market.

Segment Analysis

By Solution: The services segment dominated the SSA market in 2023, driven by ongoing efforts by the US Space Force and others to expand domain awareness capabilities.

By End User: The commercial segment is projected for the highest CAGR during the forecast period due to the increasing number of private companies entering the space sector and innovating around commercial applications of small satellites.

KEY MARKET SEGMENTATION

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

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Impact of the Russia-Ukraine War

The ongoing Russia-Ukraine war has heightened the importance of space situational awareness in protecting national security assets. The conflict underscores the vulnerability of satellites and the need for precise, real-time information on threats within the orbital environment to support critical military and intelligence operations.

Regional Analysis:

North America dominated the SSA market due to extensive reliance on space assets by its government, particularly in defense and intelligence. The focus on national security, coupled with the presence of major SSA solution providers, contributes to the region’s leadership position.

Key Takeaways for the Space Situational Awareness (SSA) Market Study

• Data sharing across both governmental and commercial entities is now essential for maintaining a comprehensive and accurate view of the space environment.
• Private companies are providing advanced sensor networks, analytics platforms, and SSA services, bringing increased agility and cost-effectiveness to the market.
• The use of machine learning and AI enables rapid analysis of massive datasets, leading to more accurate threat assessments, collision predictions, and anomaly detection.
• The market is heavily influenced by the need for effective Space Traffic Management (STM) solutions, promoting responsible behavior, debris removal, and incentives for practices that reduce orbital congestion.

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Table of Contents – Major Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
   • COVID-19 Impact Analysis
   • Impact of Ukraine- Russia war
   • Impact of ongoing Recession
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Space Situational Awareness Market, By Capability
9. Space Situational Awareness Market, By Object
10. Space Situational Awareness Market, By Solution
11. Space Situational Awareness Market, By End User
12. Space Situational Awareness Market, By Offering
13. Regional Analysis
14. Company Profiles
15. Competitive Landscape
16. Conclusion

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