Space Situational Awareness Market Generating Strong CAGR 5.5% by 2026 | Kratos Defense & Security Solutions, GMV Innovating Solutions, Applied Defense Solutions

Market Highlights:

Global Space Situational Awareness Market is accounted for $1.11 billion in 2017 and is expected to reach $1.80 billion by 2026 growing at a CAGR of 5.5% from 2017 to 2026. Rising demand for small satellites across the globe, rising demand for lower earth orbit (LEO)-based services and growing need for commercial on-orbit satellite activities are some key factors impelling the market growth. However, factors such as regulatory norms laid down by various space regulatory authorities are restricting the market growth.

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Space Situational Awareness (SSA) means different things to different people, but in its broadest view refer to knowledge of near-space environment. This includes both a natural and man-made component. SSA is a term that has become prominent lately due to several collisions of orbiting space objects. In the broadest sense, Space Situational Awareness may be defined as knowledge of the energy and particle fluxes in near-Earth space, natural and artificial objects passing through or orbiting within this space, including the past, present and future state of these components.

Top Industry Players:

Some of the key players in Space Situational Awareness market include Kratos Defense & Security Solutions, GMV Innovating Solutions, Applied Defense Solutions, Harris, Norstar Space Data, Etamax Space, Globvision, Schafer, Analytical Graphics, Sky and Space Global, Vision Engineering Solutions, Polaris Alpha, Elecnor Deimos Group, Solers, Exoanalytic Solutions, Spacenav and Lockheed Martin.

What our report offers:
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Market Segments:

Amongst End user, the commercial segment is likely to grow at steady growth during the forecast period. The growth of this segment can be attributed to the focus of a variety of private space entities on SSA solutions for satellite operations throughout the satellite’s lifecycle. North America dominated the global market during predicted period. This can be attributed to the high demand for space situational awareness activities from prominent organizations, such as NASA and the Department of Defense due to the increasing reliance on space assets and for maintaining safe space operations.

Objects Covered:
• Non-Functional Spacecraft
• Mission-Related Debris
• Fragmentation Debris
• Rocket Bodies
• Functional Spacecraft
• Other Objects
Offerings Covered:
• Software
• Services
End Users Covered:
• Commercial
• Government & Military

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This release was published on openPR.