Rising Demand For Space-Based Sensing Activities Fuels Growth In The Space Situational Awareness Market: Pivotal Factor Influencing Space Situational Awareness Market Growth in 2025

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Space Situational Awareness Market Size Growth Forecast: What to Expect by 2025?
The market size of space situational awareness has significantly expanded in the past few years. The market growth is forecasted to increase from $1.5 billion in 2024 to $1.6 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors such as rising space activities, methods to reduce space debris, satellite services, national security, and international alliances are contributing to the growth in the historic period.

How Will the Space Situational Awareness Market Size Evolve and Grow by 2029?
In the coming years, the space situational awareness market is slated for substantial expansion. The market size is projected to reach $2.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%. The surge during the projected period is related to factors such as space traffic management, commercial space operations, lunar and deep space exploration, utilization of space resources, and space domain awareness. Key trends anticipated in the forecast period encompass space traffic management, monitoring of space debris, expedited data sharing, commercial ssa services, and prediction of space weather.

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What Drivers Are Propelling the Growth of Space Situational Awareness Market Forward?
The growth of the space situational awareness market is fueled by the growing necessity for space-based sensing activities. These activities involve the use of remote sensing technology, which uses Global Navigation Satellite System (GNSS) (like GPS) data collected by low-Earth orbit satellites to create high-resolution, global profiles of the Earth's atmosphere and ionosphere. This technology is largely used by governments to strategise their space activities, as it aids in predicting the trajectories of catalogued objects and debris. As an example, the UK government reported in March 2023 that GNSS services made up 15.3% of the GDP, contributing £320 billion in 2022. Additionally, Earth Observation satellite services supported £106 billion of the GDP, constituting 5.1%. So, the rising need for space-based sensing activities is a key driver for the expansion of the space situational awareness market.

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Which Emerging Trends Are Transforming the Space Situational Awareness Market in 2025?
Major corporations in the space situational awareness market are increasingly focusing on technological innovation, reflecting a growing trend in this sector. Fujitsu, a Japanese firm specializing in information and communication technology equipment and services, exemplifies this trend. In April 2022, they developed a new technology to better map and analyze space debris. The technology includes a Space Situational Awareness System (SSA), radar, and an optical telescope. It allows for the integration of a new radar from the Japan Aerospace Exploration Agency (JAXA) that has the capacity to observe about 10,000 objects daily, including minuscule ones. This innovation facilitates automatic assessment of collision risks, enabling operators to adjust courses as needed to minimize dangers and avert potential collisions with space debris.

What Are the Key Segments in the Space Situational Awareness Market?
The space situational awareness market covered in this report is segmented -

1) By Solution: Service, Payload Systems, Software
2) By Capability: Detect, Track, And Identify (D/T/Id), Threat Warning And Assessment, Characterization
3) By Object: Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Functional Spacecraft, Non-Functional Spacecraft, Other Objects
4) By Orbital Range: Near-Earth, Deep Space
5) By End Use: Commercial, Government And Military

Subsegments:
1) By Services: Collision Avoidance Services, Tracking and Monitoring Services, Data Analysis and Consulting Services, Debris Management Services
2) By Payload Systems: Surveillance Sensors, Radar Systems, Optical Sensors, Tracking Satellites
3) By Software: Space Object Tracking Software, Simulation and Predictive Analysis Tools, Data Visualization Software, Space Traffic Management Software

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Who Are the Key Players Shaping the Space Situational Awareness Market's Competitive Landscape?
Major companies operating in the space situational awareness market include Lockheed Martin Corporation, Kratos Defense & Security Solutions Inc., Polaris Alpha Advanced Systems Inc., Applied Defense Solutions, Schafer Industries, L3harris Technologies, General Dynamics Corporation, Vision Engineering Solutions, Norstar Space Data, SpaceNav LLC, Elecnor Deimos Group, ExoAnalytic Solutions Inc., Honeywell International Inc., DRS Technologies., BAE Systems, Northrop Grumman Corporation, RTX Corporation, Thales Group, ATOS SE, Elbit Systems Ltd., Leonardo S.p.A., Rheinmetall AG, Airbus SE, Boeing Co., Pratt & Whitney, Rolls-Royce Holdings plc, GE Aviation, Safran S.A., Israel Aerospace Industries, Spirit AeroSystems Inc., Triumph Group Inc., United Technologies Corporation, International Business Machines Corporation, Microsoft Corporation, Amazon Web Services Inc., Google LLC, Oracle Corporation, Cisco Systems Inc.

What Geographic Markets Are Powering Growth in the Space Situational Awareness Market?
North America was the largest region in the space situational awareness market in 2024. North America is expected to be the fastest growing region in the space situational awareness market share during the forecast period. The regions covered in the space situational awareness market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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