Global Space Situational Awareness Market Size, Share, Growth Analysis, By Offering(Services, software), By End User(Commercial, military & government) - Industry Forecast 2024-2031

Global Space Situational Awareness Market size was valued at USD 1.57 billion in 2022 and is poised to grow from USD 1.64 billion in 2023 to USD 2.35 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

The Global Space Situational Awareness (SSA) market is experiencing significant growth driven by the escalating number of satellites and space debris, coupled with the rising need for effective monitoring and management of space assets. Key players in the SSA market include major aerospace and defense companies that dominate the market with their comprehensive space tracking and surveillance solutions. Additionally, emerging players contribute to the competitive landscape by offering innovative technologies for enhanced space domain awareness. The market is characterized by ongoing research and development activities, strategic partnerships, and collaborations to address the evolving challenges of space situational awareness, creating a dynamic and competitive environment within the industry. 'NorthStar Earth & Space', 'Analytical Graphics Inc. (AGI)', 'ExoAnalytic Solutions', 'Kratos Defense & Security Solutions', 'LeoLabs', 'Raytheon Technologies', 'Lockheed Martin', 'Boeing', 'Harris Corporation (now L3Harris)', 'BAE Systems', 'Rheinmetall AG', 'Thales Group', 'Ball Aerospace', 'Hawkeye 360', 'Airbus', 'SES S.A.', 'Space Exploration Technologies Corp. (SpaceX)', 'Arianespace', 'Rocket Lab'

Requirements for space sensing applications such as RF mapping, weather monitoring, GPS radio encryption (GPS-RO) remote sensing, and automatic dependent surveillance broadcasting (ADS-B) for use in space and maritime aircraft environments to gather situational awareness in governmental settings, and marketing teams are expected to proliferate. The low operating costs of small satellites make them suitable for situational awareness applications. These satellites are used by airlines to track flights according to the newly established standards of the International Civil Aviation Organization (ICAO) which requires tracking of flights every 15 minutes. These satellites are used to monitor ships and dangerous activities in coastal areas. In 2021, ExoAnalytic Solutions (US) partnered with Northstar Earth & Space (US) to provide a comprehensive Space Situational Awareness (SSA) service to protect global satellite communities from collisions and ensure capability safely into space thus increasing space-based sensing activities for both. It is expected to Use, monitor the performance of satellites and their payloads, and gather situational awareness about space the situational awareness market has developed.

Proliferation of megastars in LEO: There is a growing trend to place hundreds of thousands of satellites on large constellations in LEO orbit for global communications Starlink, OneWeb and Kuiper represent the most ambitious megastar projects underway. Offering advantages, larger satellite clusters make orbital paths more crowded. SSA is the most accurate system that will be needed to track assets, avoid collisions, and minimize space debris. These characteristic drives technological innovation and investment in SSA projects.

North America has the largest share in the spatial situational awareness (SSA) system market. In North America, the United States accounts for almost 50% of global defense spending. The U.S. was the top country in terms of military spending. The U.S. spent 801 billion dollars to make up about 38% of global military spending by 2021. Top world companies like NASA, SpaceX, Blue Origin, LLC, have a strong presence in the United State of America to help other countries in space. For example, India-US increased space cooperation by April 2022. Under the 'Space Situational Awareness' agreement, SSA India will get data from the US on space debris and other items in space and the safety of new launch vehicles and could jeopardize the safety and security of existing satellites and other space assets. Countries provide transformational space expertise to improve space sustainability and preserve critical infrastructure from critical satellite systems. For example, in October 2022. Northstar Earth & Space, company announced its first three today with the purpose and will be one of the payloads carried by the Spire-Global satellites and developed plans to launch in mid-2023. The increasing demand for space research and large-scale investments will propel the Space Situational Awareness (SSA) Systems market in the coming year.