Global Space Situational Awareness (SSA) Market is Estimated to Reach $1.5 Billion by 2025, Says Accurize Market Research
Global Space Situational Awareness (SSA) Market report published by Accurize Market Research forecast that the global market is expected to reach $1.5 billion by 2025; growing at a CAGR of 4.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Growing congestion of objects in the space and rising need for carrying out governmental or commercial on-orbit satellite activities to drive the growth of the market
Growing congestion of objects in the space and rising need for carrying out governmental or commercial on-orbit satellite activities fuels the demand for the global space situational awareness (SSA) market. Furthermore, ongoing research & development and opportunities among various industriesalso boost the growth of the market.
Market Segmentation
The global space situational awareness (SSA) market has been bifurcated on the basis ofoffering, object, end user and geography. Offering segment can be further segmented into services and software. The object segment is further divided into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, and non-functional spacecraft segment. End user segment can be bifurcated into government & military and commercial.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Russia, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, Australia, and others. RoW covers South America, Middle East, and Africa.
Top players in the market
The key market players include Vision Engineering Solutions, ExoanalyticSolutions, Schafer,Etamax Space, Kratos Defense & Security Solutions, Analytical Graphics, Lockheed Martin, Sky and Space Global, Norstar Space Data, and Polaris Alpha, among others.
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