Space Situational Awareness (SSA) Market: Emerging Economies Expected to Influence Growth until 2025

November 17, 2021

Stratview Research has recently published a report on Space Situational Awareness (SSA) Market segmented by Offering Type (Services, Software), by End-User Type (Government & Military, Commercial), by Object Type (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Space Situational Awareness (SSA) Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.

Covid-19 Analysis -

Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Space Situational Awareness (SSA) Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.

To get a sample copy of this report, click here: https://www.stratviewresearch.com/Request-Sample/599/space-situational-awareness-market.html#form

 

Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

Space Situational Awareness (SSA) Market Share: By Offering Type 

Based on the offering type, the market is segmented as services and software. The services segment dominated the market in 2018 and is likely to lead the market during the forecast period. The growth of this segment is owing to the unending activities, such as space debris modeling and robotic exploration of the solar system and prominence on emerging space weather and Near-Earth Object (NEO) services, while research, development, and authentication activities remain in the sphere of space surveillance and tracking.

Space Situational Awareness (SSA) Market Share: By End-User Type

Based on the end-user type, the market is segmented as government & military and commercial. The commercial segment is expected to depict a higher growth as against the government & military segment, in the coming five years, owing to various private space entities eyeing on SSA solutions for satellite operations during a satellite’s lifecycle.  Commercial establishments are seeking an attention in space situational awareness to provide space-based services, such as conjunction avidness of satellites, deorbiting of non-functional spacecraft, and elimination of debris left over by government/military surveillance networks, and providing data-sharing transparency for satellite operators/owners.

Space Situational Awareness (SSA) Market Share: By Object Type

Based on the object type, the market is segmented as mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft, and others. The fragmentation debris segment dominated the market in 2018, and is estimated to continue its command during the forecast period as well. The growth of this segment can be attributed to the escalating congestion in space, owing to fragmentation debris, coupled with an upsurge in various space exploration activities.

Space Situational Awareness (SSA) Market Share: By Region

In terms of regions, North America held the largest share of the space situational awareness market in 2018. The market is driven by high demand for space situational awareness happenings from prominent establishments, such as NASA and the Department of Defense, owing to the growing dependence on space assets and for preserving safe space operations. Europe and Asia-Pacific held substantial shares of the space situational awareness market in 2018. The Middle East, South America, and Africa are the other major regions expected in the Rest of the World (RoW) region, which are also expected to offer considerable growth opportunities during the forecast period.

 

Market Insights

Space situational awareness (SSA) market is likely to witness an impressive CAGR of 6.2% during the forecast period. The growth of the global space situational awareness market is driven by a wide array of factors, such as increasing congestion of objects in space and growing emphasis by various government agencies and private entities on space situational awareness.

Key Players in the Space Situational Awareness (SSA) Market

The supply chain of this market comprises several nodes including raw material suppliers, seals manufacturers, tier players, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies.

• Analytical Graphics
• Applied Defense Solutions
• Exoanalytic Solutions
• Etamax Space
• Elecnor Deimos Group
• GMV Innovating Solutions
• Kratos Defense & Security Solutions
• Lockheed Martin
• Norstar Space Data
• Polaris Alpha

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Author : Meha Prasad