Space Situational Awareness (SSA) Market Analysis and Opportunities by 2028

[Research Report] The space situational awareness (SSA) market was valued at US$ 1,535.91 million in 2022 and is expected to register a CAGR of 6.0% during the forecast period of 2022 to 2028 to reach US$ 2,178.89 million by 2028.

Assets in space are gaining importance for several countries, mainly concerning national security. The growing interest in deploying space assets and ensuring their long functional life is leading to several partnerships among countries. Such partnerships cover several aspects of space-related joint missions and information sharing, which, in turn, is expected to offer promising several opportunities for the growth of space situational awareness (SSA) market size. In April 2022, India and the US signed a new SSA arrangement. The partnership is expected to launch new defense space exchanges between the US Space Command and India's Defence Space Agency. In December 2021, Australia and South Korea signed a memorandum of understanding (MoU) to collaborate on space exploration, launch services, and satellite navigation, as well as improve each other's capacities in SSA, Earth observation, space traffic, and debris management. In November 2021, Japan and India held a virtual space dialogue to exchange information on the space policy of each country and have discussions on space security, bilateral cooperation between Japan Aerospace Exploration Agency (JAXA) and ISRO, their space industries, space-related rules and norms, global navigation satellite systems, SSA, and other areas of mutual interest. In March 2019, Japan and the US governments signed agreements to link up the SSA systems of Japan's Self-Defense Forces (SDF) and the US military from fiscal 2023 to share real-time information on third-country satellites and space debris, among others. Such partnerships and agreements between various countries showcase the growing importance of space, available space assets, and SSA among the various governments, which is expected to offer ample growth opportunities for the space situational awareness (SSA) market in the near future.

Published Report - Space Situational Awareness (SSA) Market: Strategic Insights

Impact of COVID-19 Pandemic on Space Situational Awareness (SSA) Market Share

The impact of COVID-19 pandemic was slightly negative in terms of space situational awareness (SSA) market size. As North America accounts for a major space situational awareness (SSA) share in the global market, the region also witnessed a negative impact in terms of space situational awareness (SSA) market growth.

During COVID-19 pandemic, there was a continuous unflinching commitment from satellite manufacturers to building and operating satellites and delivering data to more customers than ever. A continuously growing number of COVID-19 patients compelled government authorities to impose stringent lockdowns across the US and other countries during the first three quarters of 2020. Hence, businesses got disrupted, and satellite manufacturers had to comply with guidelines to prioritize the safety of their employees to maintain stable satellite operations. However, the pandemic led to a high reluctance to satellite-based data. Despite lower satellite launches, reliance on SSA to ensure space asset safety increased. Thus, COVID-19 pandemic had a minimal negative impact on the North American space situational awareness (SSA) market growth.

Market Insight – Space Situational Awareness (SSA) Market

In North America, the US deployed the most number of satellites. There were 4,852 operational satellites in the orbit as of 2021, of which 2,944 were of the US. The satellites of the US are used for commercial (2,516), government (168), military (230), and civil (30) applications. As per the US government, in-depth understanding of objects present in the orbit and potential challenges associated with them are crucial for space security and military operations.

In APAC, China, Japan, and India are among the top countries known for having a strong hold on the space industry. In countries such as India, SSA and STM areas are at an emerging stage. The Indian Space Research Organization (ISRO) is looking forward to developing skills and capabilities in these areas. The country is keen to develop STM and SSA security. This development would assist the country in having an observation platform with the ability to forecast and contribute to global space situation awareness. South Korea and the US partnered to cooperate on SSA for military purposes.

Most countries in Europe are technologically advanced and have strong grip on space and research projects. Regional space agencies are investing heavily in space situational technologies to better understand the objects in orbit. In the RoW, the regional countries are taking steps to promote the SSA. In March 2023, LeoLabs, a leading commercial provider of low Earth orbit (LEO) mapping and SSA services, declared Argentina as a site for their next space radar. Developments by players are expected to bolster the growth of the space situational awareness (SSA) market in the RoW during the forecast period.

Space Situational Awareness (SSA)

Published Report - Space Situational Awareness (SSA) Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Space Situational Awareness (SSA) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Orbit Range-Based Insights

Based on orbit range, the space situational awareness (SSA) market is segmented into near earth and deep space. The near earth segment dominated the space situational awareness (SSA) market analysis in 2022 and is expected to retain its dominance during the forecast period.

Players operating in the space situational awareness (SSA) market are mainly focused on the development of advanced and efficient products.

• In 2022, L3Harris Technologies was selected by the US Space Force to continue efforts to upgrade and modernize its space domain awareness, which is used to help combat anti-satellite threats. L3Harris focuses on developing applications in a new architecture that will allow ATLAS to scale and handle the exponential growth of commercial constellations, increased debris, anti-satellite tests, and adversarial threats. Now, L3Harris is selected to integrate the government’s equipment and oversee ATLAS application deployment.
• In 2019, GlobVision Inc was awarded a contract to supply Canada’s Department of National Defence (DND) with SSAVision, an AI-enhanced Software-as-a-Service (SaaS) solution for detection, prediction, and risk assessment of threats to space assets. SSAVision was under development at GlobVision for more than five years and had been in continuous testing by DND for over two years.

Analytical Graphics, Inc.; Exoanalytic Solutions, Inc; Globvision Inc.; GMV Innovating Solutions SL; L3Harris Technologies, Inc.; Kratos Defense and Security Solutions, Inc.; Lockheed Martin Corporation; Parsons Corporation; Belcan; and Spacenav LLC are a few of the key space situational awareness (SSA) market players operating in the space situational awareness (SSA) market. The space situational awareness (SSA) market report provides detailed market insights, which help key space situational awareness (SSA) market players strategize their growth for the coming years.