Global Space Situational Awareness Market, By Offering (Services, Software), Object (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft), End User (Government & Military, Commercial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Space Situational Awareness Market
Space situational awareness market is expected to witness market growth at a rate of 4.50% in the forecast period of 2021 to 2028 and is expected to reach USD 1,712.27 million by 2028. Data Bridge Market Research report on space situational awareness market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in space projects globally is escalating the growth of the space situational awareness market.
Space Situational Awareness (SSA) refers to an intriguing concept that revolves around monitoring and understanding the near-Earth environment and predictive knowledge related to natural and artificial objects within the Earth's orbit.
The increase in demand for small satellites across the globe acts as one of the major factors driving the growth of space situational awareness market. The surge in space congestion due to the increasing number of new satellite launches and small satellites for various military and commercial applications, such as surveillance and communications, accelerates the market growth. The increase in space innovation on-orbiting and de-orbiting activities and surge in the involvement of private players in the global space industry further influence the market. Additionally, the rise in investments for space missions, digitization, and technological advancements positively affect the space situational awareness market. Furthermore, an increase in demand for Lower Earth Orbit (LEO)-based services extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, adherence to regulatory norms laid by various space regulatory authorities is expected to obstruct market growth. Non-detection of micro-sized debris by space situational awareness sensors is projected to challenge the space situational awareness market in the forecast period of 2021-2028.
This space situational awareness market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on space situational awareness market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Space Situational Awareness Market Scope and Market Size
The space situational awareness market is segmented on the basis of offering, object and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the space situational awareness market is segmented into services and software. Services are further segmented into space weather services, near-earth object detection services and space surveillance and tracking services.
- On the basis of object, the space situational awareness market is segmented into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, and non-functional spacecraft.
- On the basis of end user, the space situational awareness market is segmented into government & military and commercial. Government & military is further segmented into space agencies, department of defence, search and rescue entities, intelligence community and academic and research institutions. Commercial is further segmented into satellite operators/owners, launch providers, space insurance companies, the energy industry, and air traffic & navigation service providers.
Global Space Situational Awareness Market Country Level Analysis
The space situational awareness market is analysed, and market size, volume information is provided by country, offering, object, and end-user as referenced above.
The countries covered in the global space situational awareness market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America is expected to dominate the space situational awareness market due to the high investments by space agencies and private firms in the development of advanced satellites within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the development of new satellites for surveillance, communications, earth observation, and navigation in China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Space Situational Awareness Market Share Analysis
Space situational awareness market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the space situational awareness market.
The major players covered in space situational awareness market report are Vision Engineering Ltd, ExoAnalytic Solutions., Schafer Industries, etamax space GmbH, Kratos Defense & Security Solutions, Inc., Analytical Graphics, Inc, Lockheed Martin Corporation., Sky and Space Global Ltd, NorthStar Earth & Space Inc., Polaris Alpha, Solers, L3 Applied Defense Solutions, Elecnor Deimos, SpaceNav, GMV, Harris and GlobVision Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand
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