DUBLIN, March 22, 2023 /PRNewswire/ — The “Space Situational Awareness (SSA): Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Space Situational Awareness (SSA) Market to Reach $1.7 Billion by 2030

The global market for Space Situational Awareness (SSA) estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030.

Services, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 4.1% CAGR for the next 8-year period.



The U.S. Market is Estimated at $574.2 Million, While China is Forecast to Grow at 6.4% CAGR



The Space Situational Awareness (SSA) market in the U.S. is estimated at US$574.2 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$172.5 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

What`s New for 2023?

• Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:



MARKET OVERVIEW

• With Defense Budgets Coming Under Intense Pressure, SSA Market to Witness Challenging Times
• An Introduction to Space Situational Awareness (SSA): Watchful Eye to Monitor & Observe Eventful Near-Earth Environment
• Main Target Objects: Man-Made Debris
• Select SSA Organizations & Programs
• Increasingly Crowded Space Shines Cosmic Light on Space Situational Awareness Market
• SSA Emerges as Critical Component of Space Deterrence & National Security Regime
• Increasing Space Activity & Focus on National Security to Impel Global Space Situational Awareness Market
• Recent Market Activity
• Rising Adoption of SSA Unlikely to Offer Incentives for Further Development of Evasion Detection & Destruction Techniques
• SSA Capabilities Present Hard Nut to Crack for Adversaries for Strategic Use
• Market Analysis by Offering
• Global Space Situational Awareness Services Market by Space Surveillance & Tracking, Space Weather Services, and Near Earth Object Detection Services
• Market Analysis by Object: Increasing Space Congestion Makes Fragmentation Debris Segment to Post Fastest Growth
• End-Use Market Analysis
• Regional Analysis – North America Commands Major Share
• US Assigns Department of Commerce with Task of Civil Space Situational Awareness
• Space Situational Awareness (SSA) Program: A Landmark Initiative of European Space Agency
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

• New Satellite Launches and Rising Space Activities Flare Up Demand
• Increased Emphasis on Enhancing National Security
• Rise in Partnership among Countries for SSA
• Growing Menace of Space Debris Calls for Improved SSA Capabilities
• Proliferation of Small Satellites Elevates Demand
• Select Conventional Satellites Vs. Small Satellites: A Comparative Analysis
• Surging Demand for Space-Based Sensing Bodes Well
• Blockchain Enabled Space Traffic Awareness
• Evolving Role of LEO Satellite Services
• Increasing Use of Space-based Infrastructure
• Increasing Involvement of Private Players in the Global Space Industry
• Market Remains Buoyant over Scope of On-Orbit Servicing
• Technology Advancements to Fuel Market Growth
• Restraints and Challenges
• Lack of Unified Standards
• Issues in Micro-Sized Debris Detection
• Technological Glitches

FOCUS ON SELECT PLAYERS (Total 40 Featured)

• Analytical Graphics, Inc.
• Elecnor Deimos Group
• etamax space GmbH
• ExoAnalytic Solutions
• GlobVision Inc.
• GMV Innovating Solutions
• Kratos Defense & Security Solutions, Inc.
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• NorthStar Earth & Space Inc.
• SpaceNav
• Vision Engineering Solutions, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/4djk3e

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