Space Situational Awareness (SSA) Market Size Expected to Grow at a CAGR over 6

Posted by Nita on December 6th, 2021

Market Forecast

Global Space Situational Awareness (SSA) Market is projected to be valued at USD 1.53 Billion by 2026, registering a 4.6% CAGR during the forecast period, 2019–2026. The rising deployment of small satellites is fueling the market growth. Additionally, large-scale investments by private firms in space exploration missions are expected to boost market growth during the forecast period.

Market USP

Frequent launch of new satellites

Growth Opportunities in the Market

The services segment accounted for the larger market share in 2019: The services segment is also expected to register the higher CAGR during the forecast period. The high growth can be attributed to the increasing demand for services, such as space weather services, near-earth object detection services, and space surveillance and tracking services. The software segment is expected to register a higher CAGR during the forecast period.

Mission-related debris segment to be the fastest-growing: The mission-related debris segment is expected to exhibit the highest CAGR during the review period. The increasing need for situational awareness against mission-related debris is driving the growth of this segment. The functional spacecraft segment is expected to register the second-largest growth rate.

Government & military segment accounted for the larger market share in 2019: The government & military segment is also expected to be the faster-growing segment in the Space Situational Awareness (SSA) Market  during the review period. The increasing number of space exploration activities by the governments of the US, Russia, China, and India are driving the growth of the segment. The commercial segment is expected to register the lower CAGR during the forecast period.

Key Players Operating in the Market

• Analytical Graphics (US)
• Etamax Space (Germany)
• Exoanalytic Solutions (US)
• Kratos Defense & Security Solutions (US)
• L3 Harris Technologies (US)
• Lockheed Martin Corporation (US)
• Norstar Space Data (Canada)
• Schaefer Systems International, Inc. (US)
• Sky and Space Global (Australia)
• Vision Engineering Solutions LLC (US)

Other Prominent Players:

• Elecnor Deimos Group (Spain)
• GMV Innovating Solutions (Spain)
• Polaris Alpha Advanced Systems, Inc. (US)
• Solers (US)
• Spacenav (US)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/space-situational-awareness-market-9534