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Space Situational Awareness (SSA) - Global Market Trajectory & Analytics

  • ID: 4806102
  • Report
  • April 2021
  • Region: Global
  • 398 pages
  • Global Industry Analysts, Inc
As Countries Fight to Send their Satellites Into Space, Surveillance Becomes an Important Capability to Have. Market Poised for a4% Growth Run by 2027

The global market for Space Situational Awareness (SSA) is expected to reach US$1.5 billion by the year 2027, trailing a post COVID-19 CAGR of 4% over the analysis period 2020 through 2027 supported by the fact that space is the final frontier in enhancing a country's national power & prestige. The U.S. and a number of other developed countries rely heavily on space assets for their national security and economic capabilities. However, these assets are highly vulnerable to attacks as they move in conventional orbits with little defenses, offering an appealing target for adversaries. Any attack on space assets holds potential to degrade, delay and even defeat the ability of a country to project its military force, especially in asymmetric conflicts. The potential fulfillment of these objectives may encourage an adversary to pursue a more aggressive stance. These factors create the pressing need for options that make attacks on space systems prohibitively expensive. The scenario presents huge incentives for sophisticated SSA for solid deterrence. SSA holds a pivotal role in achieving space deterrence while enabling the US to maintain strategic stability. Sophisticated SSA capabilities along with enhanced attribution techniques are capable of reducing overall vulnerability of spacecrafts.

Space Situational Awareness (SSA) is an intriguing concept that revolves around monitoring and understanding the near-Earth environment, encompassing existing and predictive knowledge regarding natural and man-made objects within the Earth's orbit. The ability holds a pivotal role in understanding space conditions, events, activities, threats, natural or man-made debris, and intentional or unintentional attacks on space assets such as satellites. The near-Earth space extends to the Earth-radius of more than 100,000km to cover all man-made objects in the orbit. The information assists planners, operators, decision makers and commanders in gaining and maintaining space superiority through conflicts while thwarting attacks and potential collisions. SSA encompasses knowledge pertaining the space and ground-based capabilities. SSA covers space traffic management and space safety programs that include services intended to assist satellite operators in preventing physical or operational conflicts. SSA holds a crucial importance for space safety owing to continuous monitoring of the presence of natural or man-made hazards like debris. SSA services document real-time information of space components while alerting satellite operators of potential accidents. In addition, SSA tracks space bodies that may interfere with a particular orbit while predicting their positions in advance for preventing collisions with satellites.

SSA is segregated into three service segments including space surveillance & tracking of various objects within the Earth's orbit, space weather, and near-Earth objects. Traditionally, the SSA domain was ruled by the US that started sharing data with foreign and commercial users eventually for avoiding collisions. In the recent years, countries including Europe and Russia have started developing and expanding independent SSA platforms. The arena has also witnessed the influx of various commercial players that offer SSA services and solutions to governments and satellite operators. As the number of space assets in the form of satellites increase, the risk of man-made large orbital debris increases. In the year 2019 alone, 385 smallsats were launched & over 1,000 smallsat launches per year is forecasted going forwards. In addition to polluting space, space junk it poses risks for safely navigating spacecraft. In the year 2010 alone, space debris increased by over 75%, posing huge collision risks for spacecraft operating in low earth atmosphere. Emerging space nations in the world are attractive markets for Space Situational Awareness (SSA) with robust potential for medium & long-term growth. The continuous launch of in-orbit operations and new satellites over the past several years has made the space crowded, a trend that is unlikely to abate in the coming years. Space congestion is also attributed to continuing globalization of the aerospace industry and strong focus of nations on independent space programs. The market growth is also propelled by increasing attention on national security and the resulting focus on the space. Various nations are developing space-based surveillance and intelligence to improve national security. These efforts involve the use of satellites for data communication. Countries including the US, Japan and China are making notable investments in SSA to protect their satellites engaged in offering important information. While Japan invested US$17 million in SSA initiatives in 2018, various developing nations like Australia are looking forward to spend US$1 billion by 2035. These initiatives are anticipated to provide a significant boost to the SSA market in the coming years.

Select Competitors (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.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Exhibit 1: Worsening COVID-19 and Economic Scenario Affects Outlook for SSA: Confirmed COVID-19 Cases per Million Vs GDP Growth for 2020
  • Exhibit 2: Drawback of Satellite Malfunction: Potential Revenue Loss in US$ Billion (2020, 2025 & 2030)
  • With Defense Budgets Coming Under Intense Pressure, SSA Market to Witness Challenging Times
  • Exhibit 3: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2019
  • 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
  • Exhibit 4: World Space Situational Awareness Market by Offering (2020): Percentage Breakdown of Revenues for Services, and Software
  • Exhibit 5: 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
  • Exhibit 6: World Space Situational Awareness Market by Object (2020 & 2027): Percentage Breakdown of Revenues for Fragmentation Debris, Non-Functional Spacecrafts, Rocket Bodies, Functional Spacecrafts, and Other Objects
  • End-Use Market Analysis
  • Exhibit 7: World Space Situational Awareness Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Government & Military, and Commercial
  • Regional Analysis - North America Commands Major Share
  • Exhibit 8: World Space Situational Awareness Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 9: World Space Situational Awareness Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, USA, Europe, Canada, and Japan
  • US Assigns Department of Commerce with Task of Civil Space Situational Awareness
  • Space Situational Awareness (SSA) Program: A Landmark Initiative of European Space Agency
2. FOCUS ON SELECT PLAYERS

3. 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
  • Exhibit 10: Global Satellite Services Market (2019): Percentage Share Breakdown of Revenues by Service Type
  • Exhibit 11: Global Satellite Sector by Market Segment (2019): Percentage Share Breakdown of Revenues by Segment
  • 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
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 40
Note: Product cover images may vary from those shown
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