PUBLISHER: Value Market Research | PRODUCT CODE: 1298476
PUBLISHER: Value Market Research | PRODUCT CODE: 1298476
The global demand for Space Situational Awareness Market is presumed to reach the market size of nearly USD 2.72 BN by 2030 from USD 1.8 BN in 2022 with a CAGR of 5.32% under the study period 2023 - 2030.
Space situational awareness (SSA) refers to the capability of monitoring, understanding, and predicting the state and behaviour of objects in space, including satellites, debris, and other space-based assets. It involves tracking and cataloguing space objects, assessing their trajectories, and identifying potential collision risks or threats to space infrastructure.
The increasing number of space activities, including satellite launches and space missions, necessitates effective space situational awareness (SSA ) to manage the complexity and mitigate collision risks. The need for space debris mitigation strategies is another driving force, as the accumulation of space debris poses threats to satellites and space infrastructure. Protecting space assets from potential threats such as space-based attacks and intentional interference also contributes to the demand for advanced SSA technologies. Regulatory requirements related to space traffic management and debris mitigation further drive the adoption of these systems. Technological advancements in sensors, data analytics, and computing capabilities enhance its accuracy and effectiveness, stimulating market growth. International collaboration plays a crucial role in enhancing SSA capabilities, as data sharing and joint tracking efforts are necessary for effective space traffic management.
The research covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Space Situational Awareness. The growth and trends of Space Situational Awareness industry provide a holistic approach to this study.
This section of the Space Situational Awareness market provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Space Situational Awareness market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Space Situational Awareness market include L3Harris Technologies (US), Lockheed Martin Corporation (US), Kratos Defense & Security Solutions Inc. (US), Parsons Corporation (US), and Peraton (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized as per your need.