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.
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Space Situational Awareness (SSA) Market: Strategic Insights
Market Size Value in US$ 1,535.91 million in 2022 Market Size Value by US$ 2,178.89 million by 2028 Growth rate CAGR of 6.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Space Situational Awareness (SSA) Market: Strategic Insights
| Market Size Value in | US$ 1,535.91 million in 2022 |
| Market Size Value by | US$ 2,178.89 million by 2028 |
| Growth rate | CAGR of 6.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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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.
Lucrative Regions: Space Situational Awareness (SSA) Market Share
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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.
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Object, End User, and Orbit Range
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, MIddle East & Africa, Russia, South America, South Korea, United Kingdom, United States
Frequently Asked Questions
The space situational awareness (SSA) market is expected to register an incremental growth value of US$ 642.98 million during the forecast period
The global market size of space situational awareness (SSA) market by 2028 will be around US$ 2,178.89 million
Mini quad segment is expected to hold a major market share of space situational awareness (SSA) market in 2022
The US is expected to hold a major market share of space situational awareness (SSA) market in 2022.
India, China, and Japan are expected to register high growth rate during the forecast period.
Asia Pacific is expected to register highest CAGR in the space situational awareness (SSA) market during the forecast period (2022-2028)
Elevated Demand of Satellite Constellation
Parsons Corporation, Kratos Defense & Security Solutions Inc, L3Harris Technologies Inc, Lockheed Martin Corporation, and Telespazio SpA are the key market players accounted for a major market share of space situational awareness (SSA) market in 2022.
1. Increasing Number of Object Launches into Space
2. Rising Amount of Space Debris
The estimated global market size for the space situational awareness (SSA) market in 2022 is expected to be around US$ 1,535.91 million in 2022
The List of Companies - Space Situational Awareness (SSA) Market
- 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
- Spacenav LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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