Emerging Trends to Drive Space Surveillance Analytics Market Growth at 8.6% CAGR Through 2029

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Space Surveillance Analytics Market Size Growth Forecast: What to Expect by 2025?
The size of the space surveillance analytics market has significantly expanded in the past few years. The market is projected to grow from $2.01 billion in 2024 to $2.19 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The historic increase in market size was driven by factors such as the drastic increase in space traffic, the growth in space debris and related collision risks, government and military investments, the commercialization of space, and the requirement for multi-sensor data integration.

How Will the Space Surveillance Analytics Market Size Evolve and Grow by 2029?
The market size for space surveillance analytics is projected to experience substantial growth in the coming years, ultimately reaching $3.05 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. This predicted growth during the forecast period can be linked to ongoing mega-constellation implementations, escalating worldwide security concerns, the growth of commercial space services, increased use of cloud and hybrid deployments, as well as a surge in satellite launches. Prominent trends predicted for the forecast period encompass AI and machine learning application, high-frequency radar systems, advanced synthetic aperture radar, cybersecurity for inter-satellite networks, and the utilization of hybrid cloud and edge analytics.

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What Drivers Are Propelling the Growth of Space Surveillance Analytics Market Forward?
The rising trend of satellite launches is anticipated to stimulate the expansion of the space surveillance analytics market. Satellite launches involve the insertion of man-made satellites into space by rockets, facilitating various applications such as communication, navigation, earth monitoring, and scientific research. The surge in satellite launches is attributed to the mounting demand for global connectivity and broadband internet services, with governments and private firms aiming to broaden internet access to distant and under-provided areas using satellite groups in low Earth orbit. Space surveillance analytics enhance satellite launches by monitoring space debris and orbital objects, guaranteeing secure launch periods and avoiding collisions into designated orbits. For example, as reported by the Union of Concerned Scientists, Inc., a nonprofit organization based in the US, there were 6,718 active satellites circling the Earth by the end of 2022, which denotes an increase of about 2,000 satellites from 2021. As a result, the escalating satellite launches are fueling the growth of the space surveillance analytics market.

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Which Emerging Trends Are Transforming the Space Surveillance Analytics Market in 2025?
Key players in the space surveillance analytics market are concentrating on the creation of cutting-edge solutions such as space situational awareness (SSA) object tracking, aiming to bolster real-time monitoring of orbital debris and aid strategic decisions for satellite operations and defense purposes. The space situational awareness (SSA) object tracking is defined as the act of identifying, observing, and forecasting the course of objects in Earth's orbit to avert collisions, thereby ensuring the security of space operations. Take for instance, in January 2024, NorthStar Earth & Space Inc., a Canadian firm specializing in satellite-based data and monitoring services, introduced the first-ever commercially available, space-based Space Situational Awareness (SSA) object tracking solution. NorthStar used four satellites launched through Rocket Lab's Electron rocket with the goal to oversee objects in the low, medium, and geostationary Earth orbits, essentially enhancing space traffic management and collision evasion. The system was developed in alliance with Spire Global and Rocket Lab, and it provides real-time tracking, anomaly detecting, and conjunction warning capabilities.

What Are the Key Segments in the Space Surveillance Analytics Market?
The space surveillance analytics market covered in this report is segmented -

1) By Component: Software, Hardware, Services
2) By Deployment Mode: On-Premises, Cloud
3) By End-User: Government, Military, Commercial, Other End Users

Subsegments:
1) By Software: Data Processing And Visualization Tools, Collision Prediction Software, Orbit Simulation And Modeling Software, AI Or ML-Based Analytics Platforms
2) By Hardware: Ground-Based Radar Systems, Optical Telescopes, Signal Processing Units, Satellite Payload Sensors
3) By Services: Data Analytics And Interpretation Services, Space Object Tracking Services, Satellite Collision Avoidance Support, Consulting And Integration Services

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Who Are the Key Players Shaping the Space Surveillance Analytics Market's Competitive Landscape?
Major Companies operating in the space surveillance analytics market are The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Peraton Inc., Parsons Corporation, Thales Alenia Space S.A.S., Maxar Technologies Inc., Kratos Defense & Security Solutions Inc., MDA Ltd., Analytical Graphics Inc., NorthStar Earth & Space Inc., Schafer Corporation, BlackSky Technology Inc., Gilmour Space Technologies Pty Ltd., ExoAnalytic Solutions Inc., SpaceNav Inc., Vision Engineering Solutions LLC, Turion Space Inc.

What Geographic Markets Are Powering Growth in the Space Surveillance Analytics Market?
North America was the largest region in the space surveillance analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space surveillance analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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