Space Situational Awareness (SSA) Systems Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Space Situational Awareness (SSA) Systems Market Analysis
The Space Situational Awareness (SSA) Systems Market is projected to register a CAGR of 4.9% during the forecast period.
The Covid-19 pandemic impacted the global economy, Over a short time the Space Situational Awareness (SSA) Systems Market was also a bit affected, the manufacturing activity was closed and the overall supply chain was disturbed. But as the market is gaining its stable position after covid-19 pandemic in 2021-2022.
Over the years, space has increasingly transformed into a battlefield. Building on the momentum of the space race, several countries have shifted their focus to investing in space-based activities like space situational awareness (SSA) systems. Armed forces across the world have been strengthening their space-based networks to perform missions more efficiently, which essentially need secure and robust communication channels, accessible from anywhere by the forces.
The increasing space-based activity in the commercial and military segment will boost the space situational awareness (SSA) systems market in the coming years.
Space Situational Awareness (SSA) Systems Market Trends
This section covers the major market trends shaping the Space Situational Awareness (SSA) Systems Market according to our research experts:
Growth in Defense Expenditures and Partnerships in the Pace Sector Will Help to Grow Market
On account of profound changes in the international strategic landscape, the configuration of the international security system has been undermined by the growing hegemonism, unilateralism, and power politics that fueled several ongoing global conflicts. In order to enhance situational awareness of the armed forces, several military space launch programs are currently underway to effectively upgrade their Space Situational Awareness (SSA) Systems. To facilitate these programs, countries are investing huge amounts in the enhancement of space-based military architecture. These investments are further driven by the growth in defense expenditures. On this note, In 2021 world military expenditure surpassed the two trillion US dollar mark for the first time, reaching $2113 billion. Global spending in 2021 was 0.7 percent higher than in 2020 and 12 percent higher than in 2012.
For the new technology and upgrade in the space industry, knowledge and technology sharing is important within the countries, the countries are making partnerships and agreements in the space situational awareness (SSA) systems, For instance, In December 2021, The United States and South Korea have agreed to cooperate on space situational awareness (SSA) for military purposes. Under the agreement, Seoul and Washington will 'share intelligence about outer space, nurture space experts through training and exercises, and enhance interoperability for combined space operations.
The increasing defense expenditure and the research and development, partnerships within the countries will help to grow the market in the coming years.
North America Holds the Major Share in the Space Situational Awareness (SSA) Systems Market
In North America, the united state is a country that holds almost 50% share of global defense spending. The United States was the top nation in terms of military expenditure, spending USD 801 billion to make up almost 38% of global military spending in 2021. Top companies in the world like NASA, SpaceX, Blue Origin, LLC, etc have a strong presence in the united state of America, as the united state has a stronghold in the space sector, the United state is a country that will support other countries in space segment, For instance, In April 2022, India-US ramped up space cooperation with the 'Space Situational Awareness' pact, With the SSA agreement, India will receive data from the US about space debris and other objects in space and the potential threat that may pose to the safety and security of the new launches as well as the existing satellites and other space assets.
To improve sustainability in space and preserve essential services from critical satellite infrastructure, countries are delivering transformational Space Situational Awareness services, For instance, In October 2022, NorthStar Earth & Space, a comprehensive environment Information services enterprise, announced today that the first three of its constellation of 24 satellites dedicated to commercial Space Situational Awareness (SSA) will be among the payloads carried by Spire Global's satellites to be launched by Virgin Orbit. The launch is scheduled for mid-2023.
The increasing importance of space research and heavy investment will drive the Space Situational Awareness (SSA) Systems Market in the coming year.
Space Situational Awareness (SSA) Systems Industry Overview
The space situational awareness (SSA) systems market is moderately consolidated. Some of the prominent players in the market are Lockheed Martin Corporation, L3harris Technologies Inc, Vision Engineering Solutions LLC, Parsons Corporation, and Kratos Defense & Security Solutions, Inc., various companies are entering into long-term agreements in space situational awareness (SSA) systems, For instance
In April 2021, the German Space Agency selects Lockheed Martin Corporation at DLR to offer its "iSpace" space traffic management software. The company's Space system can track up to 300,000 objects in space.
In May 2021, Parsons Corporation has been awarded a task order contract by the Space and Missile Systems Center Special Programs Directorate (SMC/SPG) for Integrated Solutions for Situational Awareness (ISSA) support, potentially worth up to USD 185 million.
Such agreements are likely to fuel the growth of the market over the forecast period.
Space Situational Awareness (SSA) Systems Market Leaders
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Lockheed Martin Corporation
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L3harris Technologies Inc
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Vision Engineering Solutions, LLC
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Kratos Defense & Security Solutions, Inc.
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Parsons Corporation
*Disclaimer: Major Players sorted in no particular order
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Space Situational Awareness (SSA) Systems Market News
- In April 2022, L3Harris Technologies has been awarded USD 117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to continue maintaining and modernizing infrastructure to track objects in space. The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of USD 1.2 billion over 10 years.
- In February 2021, L3Harris Technologies will continue to help the U.S. Space Force and Space Command maintain infrastructure for monitoring assets in orbit as part of a USD 89 million option award under the potential 10-year, USD 1.2 billion Maintenance Of Space Situational Awareness Integrated Capabilities contract.
Space Situational Awareness (SSA) Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Offering
5.1.1 Service
5.1.2 Software
5.2 By Orbital Range
5.2.1 Near To Earth
5.2.2 Deep Space
5.3 By End-User
5.3.1 Commercial
5.3.2 Government
5.3.3 Military
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 Lockheed Martin Corporation
6.2.2 L3harris Technologies Inc
6.2.3 Vision Engineering Solutions, LLC
6.2.4 Analytical Graphics, Inc.
6.2.5 Parsons Corporation
6.2.6 Kratos Defense & Security Solutions, Inc.
6.2.7 Exoanalytic Solutions
6.2.8 Spacenav
6.2.9 Northstar Earth & Space Inc.
6.2.10 Globvision Inc
6.2.11 Etamax Space Gmbh
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Space Situational Awareness (SSA) Systems Industry Segmentation
Space Situational Awareness (SSA) Systems Market is segmented by offering, orbital range, end-user, and geography. By offering, the market is segmented into Services and software. By orbital range, the market is segmented into Near to earth, Deep space. By end-user, the market is segmented into Commercial, Government, and Military. By Geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. The market sizing and forecasts have been provided in value (USD billion).
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| Deep Space |
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| Commercial | |
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Space Situational Awareness (SSA) Systems Market Research FAQs
What is the current Space Situational Awareness (SSA) Systems Market size?
The Space Situational Awareness (SSA) Systems Market is projected to register a CAGR of greater than 4.90% during the forecast period (2024-2029)
Who are the key players in Space Situational Awareness (SSA) Systems Market?
Lockheed Martin Corporation , L3harris Technologies Inc, Vision Engineering Solutions, LLC, Kratos Defense & Security Solutions, Inc. and Parsons Corporation are the major companies operating in the Space Situational Awareness (SSA) Systems Market.
Which is the fastest growing region in Space Situational Awareness (SSA) Systems Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Space Situational Awareness (SSA) Systems Market?
In 2024, the North America accounts for the largest market share in Space Situational Awareness (SSA) Systems Market.
What years does this Space Situational Awareness (SSA) Systems Market cover?
The report covers the Space Situational Awareness (SSA) Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Space Situational Awareness (SSA) Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Space Situational Awareness (SSA) Systems Industry Report
Statistics for the 2024 space situational awareness (SSA) systems market market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. space situational awareness (SSA) systems market analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
