Space Traffic Management Market Size Forecasted To Achieve $26.15 Billion By 2029 With Steady Growth

The Space Traffic Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Space Traffic Management Market Size and Projected Growth Rate?
There has been considerable growth in the space traffic management market over the past few years. The market, which is forecasted to increase from $16.12 billion in 2024 to $17.73 billion in 2025, will register a compound annual growth rate (CAGR) of 10.0%. The expansion in the past period can be credited to the escalating need for enhancing safety and efficacy in space missions, a rise in the number of spacecrafts, overcrowded conditions, a surge in satellite constellations, and military and national security issues.

The market for space traffic management is expected to witness a significant expansion in the coming years, sizing up to $26.15 billion by 2029 with a compound annual growth rate (CAGR) of 10.2%. This surge during the projected period can be linked to factors such as the growth of commercial space, revolution in small satellite, increased space situational awareness, the establishment of regulatory frameworks, rising demand for services based on satellites, and escalating space exploration missions. The emerging trends for the forecast timeframe include an increased focus on space situational awareness (ssa), consolidation with air traffic management (atm), growth in public awareness and education, an uptick in space traffic density and enhanced autonomous collision avoidance and maneuvering.

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What Are the Major Segments in the Space Traffic Management Market?
The space traffic management market covered in this report 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

Subsegments:
1) By Space Situational Awareness: Collision Prediction and Avoidance, Tracking and Monitoring of Space Objects, Conjunction Assessment and Reporting
2) By Space Debris Remediation: Active Debris Removal, Debris Mitigation Technologies, Deorbiting Services
3) By Space Orbit Management: Orbital Slot Allocation, Satellite Positioning and Maneuvering, Orbit Deconfliction
4) By Launch Vehicle Operation: Launch Scheduling and Coordination, Traffic Management for Launch and Re-entry, Range Safety and Monitoring

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What Are The Driving Space Traffic Management Market Evolution?
The growth of the space traffic management market is expected to be fuelled by the increasing issue of space debris. This term refers to the residual pieces of non-operational artificial entities within space, especially those circling Earth's orbit. Through the means of space traffic management, there's potential for both actively functioning and inactive satellites to be monitored and tracked for the purposes of averting mishaps with space debris, and limiting any additional debris--ultimately streamlining the trajectory for satellites. For example, a report issued out by the United Kingdom government in September 2024, and based on material from a UK information website, suggests there are about one million pieces of space debris ranging in size from 1 cm to 10 cm. On top of this, a staggering 130 million other pieces are estimated to be between 1 mm and 1cm in orbit. Approximately 36,500 objects exceeding 10 cm are currently being tracked, with more than 35,000 of these already registered. Consequently, the escalating threat presented by space debris is propelling the space traffic management market.

Which Firms Dominate The Space Traffic Management Market Segments?
Major companies operating in the space traffic management market include Thales Group, L3Harris Technologies Inc., The Boeing Company, Airbus Group, BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Kayhan Space, Exolaunch GmbH, HyImpulse Technologies GmbH, Slingshot Aerospace, Altitude Angel, Saber Astronautics LLC, Juniper Networks, Starfish Space, Creare Inc., Neuraspace, Transmetrics AD, Voyage Control, OKAPI: Orbits, COMSPOC Corp., ExoAnalytic Solutions, Kellogg Brown & Root Inc., NorthStar Earth & Space Inc., Space Data Association, Altius Space Machines, Analytical Graphics Inc.

What Trends Are Expected to Dominate the Space Traffic Management Market in the Next 5 Years?
The trend of developing advancements in space debris monitoring platforms is gaining traction in the space traffic management market. Prominent companies in this market are creating these platforms to solidify their market position. To illustrate, Neuraspace, a space start-up from Portugal, in March 2022 developed a sophisticated platform powered by artificial intelligence for monitoring space debris and avoiding satellite collisions, aimed at ensuring safe and sustainable operations in orbit.

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Which Is The Largest Region In The Space Traffic Management Market?
North America was the largest region in the space traffic management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the space traffic management market share during the forecast period. The regions covered in the space traffic management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Space Traffic Management Market?
2. What is the CAGR expected in the Space Traffic Management Market?
3. What Are the Key Innovations Transforming the Space Traffic Management Industry?
4. Which Region Is Leading the Space Traffic Management Market?

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