Market Size of Space Situational Awareness (SSA) Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp "Space Situational Awareness (SSA) Systems Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Space Situational Awareness (SSA) Systems Market Analysis
The Space Situational Awareness (SSA) Systems Market is projected to register a CAGR of 4.9% during the forecast period.
The Covid-19 pandemic impacted the global economy, Over a short time the Space Situational Awareness (SSA) Systems Market was also a bit affected, the manufacturing activity was closed and the overall supply chain was disturbed. But as the market is gaining its stable position after covid-19 pandemic in 2021-2022.
Over the years, space has increasingly transformed into a battlefield. Building on the momentum of the space race, several countries have shifted their focus to investing in space-based activities like space situational awareness (SSA) systems. Armed forces across the world have been strengthening their space-based networks to perform missions more efficiently, which essentially need secure and robust communication channels, accessible from anywhere by the forces.
The increasing space-based activity in the commercial and military segment will boost the space situational awareness (SSA) systems market in the coming years.
Space Situational Awareness (SSA) Systems Industry Segmentation
Space Situational Awareness (SSA) Systems Market is segmented by offering, orbital range, end-user, and geography. By offering, the market is segmented into Services and software. By orbital range, the market is segmented into Near to earth, Deep space. By end-user, the market is segmented into Commercial, Government, and Military. By Geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East, and Africa. The market sizing and forecasts have been provided in value (USD billion).
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| Near To Earth | |
| Deep Space |
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| Commercial | |
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Space Situational Awareness (SSA) Systems Market Size Summary
The Space Situational Awareness (SSA) Systems Market is experiencing a resurgence following the disruptions caused by the Covid-19 pandemic, which had temporarily affected manufacturing and supply chains. As countries increasingly view space as a strategic domain, there has been a significant shift towards investing in SSA systems to enhance military and commercial space operations. This trend is driven by the need for secure communication channels and robust space-based networks, which are essential for efficient mission execution. The market is further bolstered by the growing international tensions and defense expenditures, prompting nations to upgrade their military space capabilities. Collaborative efforts, such as partnerships and agreements for technology sharing, are also playing a crucial role in advancing SSA systems, with countries like the United States leading the charge in global defense spending and space cooperation initiatives.
The market landscape is moderately consolidated, with key players like Lockheed Martin Corporation, L3Harris Technologies Inc, and Kratos Defense & Security Solutions Inc. actively engaging in long-term contracts and strategic agreements to enhance their SSA offerings. These companies are involved in significant projects, such as the Maintenance Of Space Situational Awareness Integrated Capabilities program, which underscores the ongoing commitment to advancing space monitoring infrastructure. The increasing importance of space research, coupled with substantial investments in SSA systems, is expected to drive market growth in the coming years. Notable developments, such as NorthStar Earth & Space's satellite launches for commercial SSA services, highlight the industry's focus on sustainability and the preservation of critical satellite infrastructure.
Space Situational Awareness (SSA) Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Offering
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2.1.1 Service
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2.1.2 Software
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2.2 By Orbital Range
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2.2.1 Near To Earth
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2.2.2 Deep Space
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2.3 By End-User
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2.3.1 Commercial
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2.3.2 Government
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2.3.3 Military
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia Pacific
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.5 Middle East & Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle East & Africa
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Space Situational Awareness (SSA) Systems Market Size FAQs
What is the current Space Situational Awareness (SSA) Systems Market size?
The Space Situational Awareness (SSA) Systems Market is projected to register a CAGR of greater than 4.90% during the forecast period (2024-2029)
Who are the key players in Space Situational Awareness (SSA) Systems Market?
Lockheed Martin Corporation , L3harris Technologies Inc, Vision Engineering Solutions, LLC, Kratos Defense & Security Solutions, Inc. and Parsons Corporation are the major companies operating in the Space Situational Awareness (SSA) Systems Market.
