About Space Situational Awareness SSA
Spatial Situational Awareness maps the spatial environment and operates it safely. SSA includes tracking space objects, understanding how they work, monitoring space weather phenomena, and identifying potential threats to space operations. Space Situational Awareness (SSA) plays an important role in ensuring that space operations are conducted safely in accordance with national and international laws, standards and other standards. The SSA market has the potential for significant growth due to increasing space goals and the increasing importance of space security. Technological advances, wider industry participation and international collaboration are all key factors that can propel the market forward..
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Space Situational Awareness SSA market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin Corporation (United States), L3Harris Technologies Inc. (United States), Vision Engineering Solutions, LLC (United States), ROCKET LAB (United States), Kratos Defense & Security Solutions, Inc. (United States), ExoAnalytic Solutions (United States), SpaceNav (United States), Applied Defense Solutions (United States), Leidos (United States), Northrop Grumman (United States), Etamax Space (Germany) and Norstar Space Data (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Schaefer Systems International, Inc. (United States), Sky and Space Global (Australia), Vision Engineering Solutions LLC (United States), ArianeGroup (France) and Digantara (India).
Segmentation Overview
AMA Research has segmented the market of Global Space Situational Awareness SSA market by , Application (Aviation, Military, Healthcare and Other) and Region.
On the basis of geography, the market of Space Situational Awareness SSA has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Objects, the sub-segment i.e. Mission-Related Debris will boost the Space Situational Awareness SSA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Services (Space Weather Services, Near-Earth Object Detection Services, Space Surveillance and Tracking Services) will boost the Space Situational Awareness SSA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Government Agency will boost the Space Situational Awareness SSA market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus on Safety and Security
Market Growth Drivers:
Growing Threat of Space Debris and Increasing complexity of the space environment
Challenges:
High Cost Of Equipment And Maintaining Cost
Restraints:
Lack Of Skilled Professional
Opportunities:
Adoption of cloud computing and SSA as a services and Advancement of AI and robotics of collision avoidance system
Market Leaders and their expansionary development strategies
In July 2023, Rocket Lab announced that it has signed a deal with Spire Global to launch its first four Space Situational Awareness (SSA) satellites to low earth orbit (LEO) for its Space Services customer NorthStar Earth & Space Inc. Spire selected Rocket Lab to meet NorthStar's program requirements to launch the satellites on an accelerated timeline within five months of contract signing.
In March 2022, Exoanalytics Solution has launched its space domain awareness software platform EQtips to deliver SSA capablities to commercial and government services. This platform provides high fedility orbital data on space objects.
Key Target Audience
Space Situational Awareness SSA provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.