Space Traffic Management Global Market Share By Product, Type, Application, Region And Forecasts Analysis 2031| Thales Group, L3Harris Technologies Inc, Boeing Company, Airbus Group, BAE Systems plc

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The space traffic management global market report by the business research company identifies the rising threat of space debris to be a major growth driver for the space traffic management market. Space debris refers to the non-functional remains of artificial objects in space, particularly those revolving around the Earth's orbit. Space traffic management helps in monitoring and tracking functional and non-functional satellites, avoiding collisions with space debris and creating less debris, further paving a smooth path for satellites.

The global space traffic management market size is expected to grow from $11.64 billion in 2021 to $12.55 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The space traffic management market is expected to grow to $16.91 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%.

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North America was the largest region in the space traffic management market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space traffic management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the space traffic management market are Thales Group, L3Harris Technologies Inc, Boeing Company, Airbus Group, BAE Systems plc, Northrop Grumman, Raytheon Technologies, Saab AB, Kayhan Space, Lockheed Martin Corporation, Starfish Space, OKAPI: Orbits GmbH, Scout Space, Neuraspace and Indra.

The global space traffic management market is segmented -
1) By Activity: Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operation.
2) By Orbit: LEO, MEO and Elliptical, GEO.
3) By Application: Communication, Earth Observation, Navigation, Global Positioning System and Surveillance, Technology Development and Education, Other Applications.
4) By End Use: Civil and Government, Commercial, Military.

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The Space Traffic Management Market Report Contents Include
1. Executive Summary
2. Space Traffic Management Market Characteristics
3. Space Traffic Management Market Trends And Strategies
4. Space Traffic Management Market - Macro Economic Scenario
5. Space Traffic Management Market Size And Growth
....
26. Africa Space Traffic Management Market
27. Space Traffic Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Space Traffic Management Market
29. Space Traffic Management Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Space Traffic Management market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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