Space Situational Awareness Market is anticipated to grow further up to USD 2.1 billion by 2032 | Parsons Corporation, Peraton, SpaceNav, GlobVision Inc

The space situational awareness market was valued at USD 1.3 billion in 2022 and it is anticipated to grow further till USD 2.1 billion by 2032, at a CAGR of 5.3% during the forecast period.

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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Market Drivers and Trends

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.

Market Restraints and Challenges

The key restraints and challenges in the Space Situational Awareness market are:

Lack of awareness about the benefits of SSA

Lack of dedicated SSA infrastructure

Limited budgets for SSA programs

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Market Segments

By Object

• Mission -Related Debris
• Rocket Bodies
• Fragmentation Debris
• Others

Major Players in the Global Space Situational Awareness Market

The key players studied in the report are Lockheed Martin Corporation, Parsons Corporation, Peraton, SpaceNav, GlobVision Inc, Northstar Earth and Space Inc., Analytical Graphics Inc, Vision Engineering Solutions, L3Harris Technologies Inc, and Kratos Defense and Security Solutions, Inc, among others.

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Reasons to buy Space Situational Awareness Market Report:

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