Space Situational Awareness (SSA) Market Key Findings and Share by 2031
The space situational awareness (SSA) market size is projected to reach US$ 12680.17 million by 2031 from US$ 1,607.33 million in 2023. The market is foreseen to grow at a CAGR of 6.60% by 2031. The space situational awareness market growth is driven by countries with prominent space exploration organizations, rising investments in space research, and new types of space operations generating new threats for maintaining precise information on space object orbits. The US, Russia, China, the UK, Japan, and France are a few major countries operating largest number of satellites in the space.
Space Situational Awareness (SSA) Market Analysis
A number of objects such as probes, satellites, crewed spacecraft, landers, and space station flight elements are launched into Earth's orbit and beyond for interplanetary exploration missions to gain further understanding of the cosmos. As per United Nations Office for Outer Space Affairs (UNOOSA), 2,163 objects were launched into space in 2022, while in 2021 and 2020, a total of 1,810 and 1,274 objects, respectively, were launched. The number of space rocket launches, primarily for deploying satellites in space, is also rising rapidly. In 2021, there were 136 successful rocket launches, whereas in 2022, the number rose to 180. In the first half of 2022, US-based companies launched 37 rockets, of which 27 were by SpaceX, 4 by RocketLab, 3 by United Launch Alliance, and 1 by Astra, Northrop Grumman, and Virgin Orbit. China, Russia, and India launched 21, 9, and 2 rockets, respectively, in the first half of 2022. Of the 21 rocket launches by China, Kuaizhou 1A rocket deployed a small research satellite named Tianxing 1 into a low-altitude polar orbit less than 180 miles (290 km) above Earth. Again, in January 2023, China launched 14 satellites atop a Long March-2D carrier rocket from the Taiyuan Satellite Launch Center in northern China's Shanxi Province. The 14 satellites included Qilu-2 and Qilu-3, Luojia-3 01, and Jilin-1 Gaofen 03D34. In February 2023, the Indian Space Research Organisation (ISRO) announced the successful deployment of three satellites into their intended orbits via SSLV-D2 vehicle.
Space Situational Awareness (SSA) Market Overview
Space situational awareness (SSA) is a vital component of space domain awareness (SDA) that assists decision-makers in understanding current and predicted operational environments. SSA tracks and identifies objects that help determine their orbits, understand their functional environment, and forecast future positions and challenges to their operations. Also, SSA assists in estimating debris from meteor storms, fragmentation events, or other potential natural events that may affect space operations. SSA is a foundation for all space traffic management (STM) and space safety activities. Therefore, all these benefits of SSA propel its penetration.
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Space Situational Awareness (SSA) Market: Strategic Insights
Market Size Value in US$ 1,535.91 million in 2022 Market Size Value by US$ 2,178.89 million by 2028 Growth rate CAGR of 6.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Space Situational Awareness (SSA) Market: Strategic Insights
| Market Size Value in | US$ 1,535.91 million in 2022 |
| Market Size Value by | US$ 2,178.89 million by 2028 |
| Growth rate | CAGR of 6.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Space Situational Awareness (SSA) Market Drivers and Opportunities
Rising Amount of Space Debris
In 2021, Space Track reported four on-orbit breakup events generating 150 fragment debris and two collision events producing 942 objects, including that from the Russian ASAT test. These orbiting space debris threaten about 3,000 functioning satellites presently in orbit, used for modern critical communication and other purposes. Any damage, even minor, to such space assets can have cascading impacts on many vital systems, including communication, transportation, time scheduling, and critical defense-related aspects. Many state-of-the-art defense technologies such as guided missiles, drones, intelligence data collections, encrypted communications, and navigation would be limited or can become inoperable with defunct satellite systems. It is thus crucial to analyze the comparative approach of all space objects to detect collision threats well in advance. SSA deals with the thorough knowledge of the space environment, assessment of any threats to space activities, and implementing necessary mitigation measures to safeguard functional space assets. It consequently plays a crucial role in ensuring safe and sustainable space activities complying with domestic and international guidelines, standards, and other norms. Owing to the critical functionality of SSA and the rising importance of satellites, the space situational awareness market is positively impacted by the increasing amount of space debris.
Rising Partnership Among Countries
Assets in space are gaining importance for several countries, mainly concerning national security. The growing interest in deploying space assets and ensuring their long functional life is leading to several partnerships among countries. Such partnerships cover several aspects of space-related joint missions and information sharing, which, in turn, is expected to offer promising growth opportunities for the space situational awareness market. In April 2022, India and the US signed a new SSA arrangement. The partnership is expected to launch new defense space exchanges between the US Space Command and India's Defence Space Agency. In December 2021, Australia and South Korea signed a memorandum of understanding (MoU) to collaborate on space exploration, launch services, and satellite navigation, as well as improve each other's capacities in SSA, Earth observation, space traffic, and debris management. In November 2021, Japan and India held a virtual space dialogue to exchange information on the space policy of each country and have discussions on space security, bilateral cooperation between Japan Aerospace Exploration Agency (JAXA) and ISRO, their space industries, space-related rules and norms, global navigation satellite systems, SSA, and other areas of mutual interest. In March 2019, Japan and the US governments signed agreements to link up the SSA systems of Japan's Self-Defense Forces (SDF) and the US military from fiscal 2023 to share real-time information on third-country satellites and space debris, among others. Such partnerships and agreements between various countries showcase the growing importance of space, available space assets, and SSA among the various governments, which is expected to offer ample growth opportunities for the space situational awareness market in the near future.
Space Situational Awareness (SSA) Market Report Segmentation Analysis
Key segments that contributed to the derivation of the space situational awareness (SSA) market market analysis are offering, object, end user, and orbit range.
- By offering, the space situational awareness market is bifurcated into software and service. The service segment accounted for a larger market share in 2023.
- By object, the space situational awareness market is segmented into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, and nonfunctional spacecraft. The fragmentation debris segment held a larger market share in 2023.
- By end user, the space situational awareness market is bifurcated into commercial and government & military. The government and military segment held a larger market share in 2023.
- Based on orbit range, the space situational awareness market is bifurcated into deep space and near-Earth. The near-earth segment held a larger market share in 2023.
Space Situational Awareness (SSA) Market Share Analysis by Geography
The global space situational awareness (SSA) market is broadly segmented into North America, Europe, Asia Pacific (APAC), Rest of the World (RoW). Increasing collision threats of orbital debris with the operational space assets have become a perennial problem for the sustainable and safe use of outer space. These threats restrict unhindered access to the space and also compel space authorities to take appropriate measures to mitigate them. The development of Space Situational Awareness (SSA) programs in the US help monitor various threats from human-made objects, which include other satellites, space vessels, antisatellite weapons, and space debris. SSA also helps serve military objectives, which include preparing for defensive and offensive operations, in the US.
The US government, through the Center for Space Situational Awareness Research (CSSAR), provides cadets and faculty at the US Air Force Academy with an education and research program in the space situational awareness using world-class capabilities and facilities. CSSAR also helps provide information regarding spectral, non-imaging photometric, and polarimetric techniques, which leads to the characterization and identification of unresolved space objects. It also helps in the fusion of disparate data sources, thereby maximizing situational awareness and further developing optical sensing capability. CSSAR has also developed a network of small aperture telescopes that can help in providing global coverage of the space catalog and enhancing the capability to observe satellites simultaneously from multiple telescope locations for data fusion research.
Space Situational Awareness (SSA) Market Report Scope
Space Situational Awareness (SSA) Market News and Recent Developments
The space situational awareness (SSA) market market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In April 2022, Ansys (NASDAQ:ANSS) Government Initiatives (AGI) is supporting Northrop Grumman in developing, testing, and delivering a Deep-Space Advanced Radar Capability (DARC) in support of the U.S. Space Force (USSF) Space Systems Command (SSC) Space Domain Awareness mission. (Source: Ansys, Press Release)
- In September 2022, ExoAnalytic Solutions is anticipating America's return to the Moon via Artemis. As part of their support to the Air Force Blue Horizons Fellowship program and their Project Rocket cislunar tracking efforts, the company is demonstrating the application of its world-leading space domain awareness services to the Artemis I flight test. (Source: ExoAnalytic Solutions, Press Release)
Space Situational Awareness (SSA) Market Report Coverage and Deliverables
The “Space Situational Awareness (SSA) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Space situational awareness (SSA) market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities
- Space situational awareness (SSA) market trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Space situational awareness (SSA) market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Space situational awareness (SSA) market landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Object, End User, and Orbit Range
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, MIddle East & Africa, Russia, South America, South Korea, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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