Space Situational Awareness Market - Trends Forecast Till 2028

Market Overview

The global Space Situational Awareness market size is projected to reach USD 2 billion by 2026 at a CAGR of 4.6% from USD 1.5 billion in 2021 during the forecast period 2021-2028.

Space Situational Awareness (SSA) is a term which refers to keeping a track of object in the orbit of earth and predicting their position at a given time in space. It not just tracks the position of the objects but also identify multiple objects in the orbit and also reck the orbit followed by them. Its most important contribution is that it allows to predict the particles that might collide with earth.

Due to the recent surge in demand for earth observation imagery and analytics along with the increased number of space exploration mission are some of the factors that have supported long-term expansion for Space Situational Awareness Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Halted supply chain, new import export regulations, the manufacturing ability all of these factors were witnessed by the sector.

Regional Analysis

North America is expected to be the largest market during the forecast period. Due to the recent regulation of US government and its focus to track missiles, nuclear warhead.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• L3Harris Technologies
• Lockheed Martin Corporation
• Kratos Defense & Security Solutions, Inc.
• Parsons Corporation
• Peraton

Recent Developments

• In September 2021, A USD 2.8 million Department of Defense funding was received by Kratos Defense and Security Solutions for a prototype development effort so as to provide commanders with quick access to space-related situational awareness data.
• In August 2021, Telespazio UK was awarded a Service contract by the European Space Agency to run the science operations centers of the astronomy, heliophysics, and fundamental physics missions.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Space Situational Awareness market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope