Space Situational Awareness Market is anticipated to expand at a Robust compound annual growth rate (CAGR) from 2022 to 2031 | Lockheed Martin Corporation, Parsons Corporation, Peraton, SpaceNav

According to a new market research report published by Global Insight Services "Space Situational Awareness Market is expected to reach US$ XX bn by 2031". Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Space situational awareness (SSA) is the knowledge of the location and activities of human-made objects in space, in order to avoid collisions and other hazards. It includes the monitoring of natural phenomena that could affect space-based assets, such as solar flares and meteors. SSA also encompasses the ability to detect and track objects that are not visible to the naked eye, such as satellites and debris.

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Key Trends

One of the key trends in SSA technology is the development of more sensitive sensors. These sensors are able to detect smaller objects and track them more accurately.

The final trend is the development of new ways to share the data collected by the SSA sensors. In the past, the data was primarily shared between the US military and government agencies. However, there is now a growing trend of sharing the data with the private sector.

Key Drivers

There are many key drivers of the space situational awareness market.

One key driver is the increasing number of satellites in orbit. As the number of satellites increases, so does the need for space situational awareness.

Another key driver is the increasing complexity of the space environment. The more complex the space environment becomes, the more difficult it is to track and predict the behavior of objects in space.

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Market Segments

The space situation awareness market is segmented by object, end-use, orbital range, and region. By object, the market is divided into mission-related debris, rocket bodies, fragmentation debris, and others. On the basis of end-use, it is bifurcated into commercial, government, and military. Based on orbital range, the market is classified into near-earth, and deep space. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global space situational awareness market includes players such as Lockheed Martin Corporation, Parsons Corporation, Peraton, SpaceNav, GlobVision Inc, Northstar Earth and Space Inc., Analytical Graphics Inc, Vision Engineering Solutions, L3Harris Technologies Inc, Kratos Defense and Security Solutions, Inc, and others.

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