DUBLIN--(BUSINESS WIRE)--The "Space
Situational Awareness (SSA) Market by Offering (Services, Software),
Object (Mission-Related Debris, Fragmentation Debris, Functional,
Non-Functional Spacecraft), End User (Government & Military, Commercial)
& Region - Global Forecast to 2023" report has been added
to ResearchAndMarkets.com's offering.
The
space situational awareness market is estimated to be USD 1.15 Billion
in 2018 and is projected to reach USD 1.44 Billion by 2023, at a CAGR of
4.54% from 2018 to 2023.
Increasing demand for space situational awareness services to reduce
potential hazards in space, as well as the rising need for carrying out
commercial on-orbit satellite activities, are some of the factors
driving the space situational awareness market. Regulatory norms laid
down by various space regulatory authorities restrain the growth of the
space situational awareness market.
Based on end user, the
commercial segment is estimated to account for the largest share of the
space situational awareness market in 2018. Growth in small satellites,
which is expected to lead to high demand for Space Situational Awareness
(SSA), enables satellite operators to characterize space environment and
carry out space activities safely and efficiently.
Another factor contributing to the growth of the commercial segment is
the high demand for SSA for commercial applications, such as monitoring
and observation of satellite operator's fleet, increasing demand for
small satellite deployment, and tracking of satellite moments through
their lifecycle.
Schafer (US), Analytical Graphics (US), Applied Defense Solutions (US), ExoAnalytic Solutions (US), and Vision Engineering Solutions (US) are some of the key players in the space situational awareness market.
Market Dynamics
Drivers
- Rising Demand for Small Satellites Across the Globe
- Increasing Demand for Space-Based Sensing Activities
- Growing Space Congestion Due to Increasing Number of New Satellite Launches
Restraints
- Adherence to Regulatory Norms Laid by Various Space Regulatory Authorities
Opportunities
- Rising Demand for Lower Earth Orbit (LEO)-Based Services
- Increasing Involvement of Private Players in the Global Space Industry
- Growing Need for Commercial On-Orbit Satellite Activities
Challenges
- Non-Detection of Micro-Sized Debris by Space Situational Awareness Sensors
Key Topics Covered
1 Introduction
2
Research Methodology
3 Executive Summary
4 Premium
Insights
5 Market Overview
6 Industry Trends
7
Space Situational Awareness Market, By Offering
8 Space
Situational Awareness Market, By End-user
9 Space Situational
Awareness Market, By Object
10 Regional Analysis
11
Competitive Landscape
12 Company Profiles
- Analytical Graphics
- Applied Defense Solutions
- Elecnor Deimos Group
- Etamax Space
- Exoanalytic Solutions
- GMV Innovating Solutions
- Globvision
- Harris
- Kratos Defense & Security Solutions
- Lockheed Martin
- Norstar Space Data
- Polaris Alpha
- Schafer
- Sky and Space Global
- Solers
- Spacenav
- Vision Engineering Solutions
For more information about this report visit https://www.researchandmarkets.com/research/l268mm/space_situational?w=4
