Asia Pacific Space Situational Awareness Market Forecast to 2028 -Regional Analysis - by Offering, Object, End User, and Orbit Range

Description

List of Tables

The Asia Pacific space situational awareness (SSA) market was valued at US$ 245.56 million in 2022 and is expected to reach US$ 378.91 million by 2028; it is estimated to register a CAGR of 7.5% from 2022 to 2028.

Elevated Demand of Satellite Constellation

As per the International Astronomical Union (IAU), a satellite constellation consists of a number of satellites that are similar in type, function, and design in complementary orbits for a shared purpose under shared control. Satellite constellations have applications such as navigation and geodesy, satellite telephony, and Earth observation. Companies are planning large-scale satellite constellations in LEO and mid-Earth orbits to provide Internet of Things (IoT) or satellite internet to connect machines and systems directly. As per IAU, a constellation with thousands of individual units at low altitudes can reduce signal latency while maintaining high levels of coverage, especially in remote areas without developed ground infrastructure. Currently, nearly 2,000 active satellites are orbiting the Earth and the number is expected to increase manifold, as there are several planned satellite constellation deployments in the coming decades. In March 2023, OneWeb confirmed the successful deployment and contact of 40 satellites launched by a SpaceX vessel. The deployment led to a total count of 582 satellites in the company's constellation. The company anticipates being just one mission away from completing its Gen 1 constellation, after which it can activate its region broadband service. Elon Musk owned SpaceX has already built a network of more than 3,500 satellites for its Starlink constellation, and the number is expected to increase in the coming years. In March 2023, China Satellite Network Group Corp and the Chinese government announced their plans to launch their first satellite for China's first satellite constellation by September 2023. In November 2021, France successfully deployed three military signals intelligence satellites through an Arianespace Vega rocket as part of its CapacitE de Renseignement Electromagnetique Spatiale (CERES) constellation. As interest progresses for satellite constellation, it will also create space congestion and a higher amount of space debris. Such trends are thus expected to promote the growth of the space situational awareness market in the future.

Asia Pacific Space Situational Awareness (SSA) Market Overview

The expanding space development initiatives in Asia Pacific are creating a profound shift in the understanding of the cosmos, boosting national security, and offering vital information, goods, and services that further support innovation. The growing space development activities by the collaborative efforts of different countries, such as China, India, Japan, and South Korea are catalyzing the demand for space situational awareness, which is subsequently propelling the market growth in the region. One of the world's largest space projects is run by China. It either conducts the most or the second most orbital launches each year.

Asia Pacific Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Space Situational Awareness (SSA) Market Segmentation

The Asia Pacific space situational awareness (SSA) market is segmented based on offering, object, end user, orbit range, and country. Based on offering, the Asia Pacific space situational awareness (SSA) market is bifurcated into software and services. The services segment held a larger market share in 2022.

Based on object, the Asia Pacific space situational awareness (SSA) market is segmented into mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, and non-functional spacecraft. The fragmentation debris segment held the largest market share in 2022.

Based on source, the Asia Pacific space situational awareness (SSA) market is bifurcated into nuclear reactors and cyclotrons. The cyclotrons segment held a larger market share in 2022.

Based on end user, the Asia Pacific space situational awareness (SSA) market is bifurcated into commercial and government & military. The government & military segment held a larger market share in 2022.

Based on orbit range, the Asia Pacific space situational awareness (SSA) market is bifurcated into deep space and near earth. The near earth segment held a larger market share in 2022.

Based on country, the Asia Pacific space situational awareness (SSA) market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific space situational awareness (SSA) market share in 2022.

Ansys Inc; GMV Innovating Solutions SL; L3Harris Technologies Inc.; Kratos Defense and Security Solutions Inc.; Lockheed Martin Corp; Parsons Corp; and Belcan LLC are the leading companies operating in the Asia Pacific space situational awareness (SSA) market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific space situational awareness (SSA) market.
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The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific space situational awareness (SSA) market, thereby allowing players across the value chain to develop effective long-term strategies
develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific space situational awareness (SSA) market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028668

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Space Situational Awareness (SSA) Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Asia Pacific Space Situational Awareness (SSA) -Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Number of Object Launches into Space
- 5.1.2 Rising Amount of Space Debris
5.2 Market Restraints
- 5.2.1 Environmental Concerns Involving Satellite Launch
5.3 Market Opportunities
- 5.3.1 Rising Partnership Among Countries
5.4 Future Trends
- 5.4.1 Elevated Demand of Satellite Constellation
5.5 Impact Analysis of Drivers and Restraints

6. Space Situational Awareness (SSA) Market - Asia Pacific Analysis

6.1 Asia Pacific Space Situational Awareness (SSA) Market Overview
6.2 Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Space Situational Awareness (SSA) Market Analysis - by Offering

7.1 Overview
7.2 Space Situational Awareness (SSA) Market, by Offering (2021 and 2028)
7.3 Software
- 7.3.1 Overview
- 7.3.2 Software: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
7.4 Services
- 7.4.1 Overview
- 7.4.2 Services: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Space Situational Awareness (SSA) Market Analysis - by Object

8.1 Overview
8.2 Space Situational Awareness (SSA) Market, by Object (2021 and 2028)
8.3 Mission-Related Debris
- 8.3.1 Overview
- 8.3.2 Mission-Related Debris: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
8.4 Rocket Bodies
- 8.4.1 Overview
- 8.4.2 Rocket Bodies: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
8.5 Fragmentation Debris
- 8.5.1 Overview
- 8.5.2 Fragmentation Debris: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
8.6 Functional Spacecraft
- 8.6.1 Overview
- 8.6.2 Functional Spacecraft: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
8.7 Non-Functional Spacecraft
- 8.7.1 Overview
- 8.7.2 Non-Functional Spacecraft: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Space Situational Awareness (SSA) Market Analysis - by End User

9.1 Overview
9.2 Space Situational Awareness (SSA) Market, by End User (2021 and 2028)
9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
9.4 Government & Military
- 9.4.1 Overview
- 9.4.2 Government & Military: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Space Situational Awareness (SSA) Market Analysis - by Orbit Range

10.1 Overview
10.2 Space Situational Awareness (SSA) Market, by Orbit Range (2021 and 2028)
10.3 Deep Space
- 10.3.1 Overview
- 10.3.2 Deep Space: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)
10.4 Near Earth
- 10.4.1 Overview
- 10.4.2 Near Earth: Space Situational Awareness (SSA) Market Revenue and Forecast to 2028 (US$ Million)

11. Asia Pacific Space Situational Awareness (SSA) Market - by Country Analysis

11.1 Asia Pacific: Space Situational Awareness (SSA) Market
- 11.1.1 Asia Pacific: Space Situational Awareness (SSA) Market, by Key Country
  - 11.1.1.1 Australia: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.1.1 Australia: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.1.2 Australia: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.1.3 Australia: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.1.4 Australia: Space Situational Awareness (SSA) Market, by Orbit Range
  - 11.1.1.2 China: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.2.1 China: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.2.2 China: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.2.3 China: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.2.4 China: Space Situational Awareness (SSA) Market, by Orbit Range
  - 11.1.1.3 India: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.3.1 India: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.3.2 India: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.3.3 India: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.3.4 India: Space Situational Awareness (SSA) Market, by Orbit Range
  - 11.1.1.4 Japan: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.4.1 Japan: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.4.2 Japan: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.4.3 Japan: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.4.4 Japan: Space Situational Awareness (SSA) Market, by Orbit Range
  - 11.1.1.5 South Korea: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.5.1 South Korea: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.5.2 South Korea: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.5.3 South Korea: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.5.4 South Korea: Space Situational Awareness (SSA) Market, by Orbit Range
  - 11.1.1.6 Rest of Asia Pacific: Space Situational Awareness (SSA) Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.6.1 Rest of Asia Pacific: Space Situational Awareness (SSA) Market, By Offering
    - 11.1.1.6.2 Rest of Asia Pacific: Space Situational Awareness (SSA) Market, by Object
    - 11.1.1.6.3 Rest of Asia Pacific: Space Situational Awareness (SSA) Market, by End User
    - 11.1.1.6.4 Rest of Asia Pacific: Space Situational Awareness (SSA) Market, by Orbit Range

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Ansys Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 GMV Innovating Solutions SL
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 L3Harris Technologies Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Kratos Defense and Security Solutions Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Lockheed Martin Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Parsons Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Belcan LLC
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index