Space Situational Awareness Trends and Forecast
The future of the global space situational awareness market looks promising with opportunities in the commercial and government & military markets. The global space situational awareness market is expected to reach an estimated $2.0 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing utilization of small satellites, rising need for space-based sensing operations, and escalation in the frequency of space exploration missions.A more than 150-page report is developed to help in your business decisions. .
Space Situational Awareness by Segment
The study includes a forecast for the global space situational awareness by solution, capability, object, end use, and region.Space Situational Awareness Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
- Service
- Software
- Payload System
Space Situational Awareness Market by Capability [Shipment Analysis by Value from 2018 to 2030]:
- Detect, Track, and Identify
- Threat Warning & Assessment
- Characterization
Space Situational Awareness Market by Object [Shipment Analysis by Value from 2018 to 2030]:
- Mission-Related Debris
- Rocket Body
- Fragmentation Debris
- Functional Spacecraft
- Non-Functional Spacecraft
- Others
Space Situational Awareness Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Commercial
- Government & Military
- Others
Space Situational Awareness Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Space Situational Awareness Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space situational awareness companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space situational awareness companies profiled in this report include:- L3Harris Technologies
- Lockheed Martin
- Kratos Defense & Security Solutions
- Parsons
- Peraton
- ExoAnalytic Solutions
- Schafer
- Northstar Earth & Space
- Elecnor Deimos
- SpaceNav
Space Situational Awareness Market Insights
The publisher forecasts that service will remain the largest segment over the forecast period due to its enhanced capacity and ability to track objects in deep space and offer worldwide coverage.Within this market, commercial is expected to witness the higher growth over the forecast period.
North America will remain the largest region over the forecast period due to increasing reliance on space resources and maintaining safe space operations in the region.
Features of the Global Space Situational Awareness Market
- Market Size Estimates: Space situational awareness market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Space situational awareness market size by various segments, such as by solution, capability, object, end use, and region in terms of value ($B).
- Regional Analysis: Space situational awareness market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different solutions, capabilities, objects, end uses, and regions for the space situational awareness market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space situational awareness market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the space situational awareness market size?Answer: The global space situational awareness market is expected to reach an estimated $2.0 billion by 2030.
Q2. What is the growth forecast for space situational awareness market?
Answer: The global space situational awareness market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the space situational awareness market?
Answer: The major drivers for this market are growing utilization of small satellites, rising need for space-based sensing operations, and escalation in the frequency of space exploration missions.
Q4. What are the major segments for space situational awareness market?
Answer: The future of the space situational awareness market looks promising with opportunities in the commercial and government & military markets.
Q5. Who are the key space situational awareness market companies?
Answer: Some of the key space situational awareness companies are as follows:
- L3Harris Technologies
- Lockheed Martin
- Kratos Defense & Security Solutions
- Parsons
- Peraton
- ExoAnalytic Solutions
- Schafer
- Northstar Earth & Space
- Elecnor Deimos
- SpaceNav
Answer: The publisher forecasts that service will remain the largest segment over the forecast period due to enhanced capacity and ability to track objects in deep space and offer worldwide coverage.
Q7. In space situational awareness market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing reliance on space resources and maintaining safe space operations.
Q8. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the space situational awareness market by solution (service, software, and payload system), capability (detect, track, and identify, threat warning & assessment, and characterization), object (mission-related debris, rocket body, fragmentation debris, functional spacecraft, non-functional spacecraft, and others), end use (commercial, government & military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Space Situational Awareness Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- L3Harris Technologies
- Lockheed Martin
- Kratos Defense & Security Solutions
- Parsons
- Peraton
- ExoAnalytic Solutions
- Schafer
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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