Global space situational awareness (SSA) Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. According to the “Space Foundation,” the terms Space Situational Awareness (SSA) refers to the ability to view, understand and predict the physical location of natural and manmade objects in orbit around the Earth, with the objective of avoiding collisions. SSA is able to predict the knowledge of space activities, conditions, events, threats, and space system and enable commanders, decision makers, planners and operators to maintain and gain space superiority across the spectrum of conflict to benefit from the potential resources present in either man-made or natural debris.
The growing congestion of objects in the space and rising need for carrying out governmental or commercial on-orbit satellite activities are boosting the growth of the global space situational awareness (SSA) market. However, safety and strict regulations by various space regulatory authorities involved in spatial activities may hinder the growth of the market. Furthermore, ongoing research & development and opportunities among various industries from developed & emerging economies would provide growth in the upcoming years.
The global space situational awareness (SSA) market is segmented based on the offering, 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.
The global space situational awareness (SSA) market by geography 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.
Major companies operating in the global space situational awareness (SSA)market areVision Engineering Solutions,Exoanalytic Solutions,Schafer,Etamax Space, Kratos Defense & Security Solutions,Analytical Graphics,Lockheed Martin,Sky and Space Global, Norstar Space Data, andPolaris Alpha among others.
The key takeaways from the report
Scope of space situational awareness (SSA) Market
End user Segments