Space Surveillance Market Growth Accelerates: Strategic Forecast Predicts $3.2 Billion by 2029

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What Will the Space Surveillance Industry Market Size Be by 2025?
The market size for space surveillance has been experiencing speedy expansion in the past few years. It is predicted to escalate from $1.79 billion in 2024 to $2.02 billion in 2025, marking a compound annual growth rate (CAGR) of 12.5%. The historical growth can be linked to various factors such as an increase in space debris and inactive satellites, a high number of satellite launches, a ballooning private sector investment in space technology, growing necessity for reliable and continuous satellite communication, and an upsurge in the demand for collision prevention systems.

What's the Long-Term Growth Forecast for the Space Surveillance Market Size Through 2029?
The market for space surveillance is anticipated to undergo swift expansion in the upcoming years, with a prediction to reach $3.20 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The escalation expected in the forecast period is related to the growing carbon complexity of space missions, escalating interest in communication through satellites, increased usage of mini satellites, high demand for lower orbit and a surge in the number of satellites. Dominant trends during the forecast period will include the integration of Artificial Intelligence (AI) with machine learning, bringing commercial aspects to space surveillance, diminution of tracking systems, development of surveillance networks for multiple orbits and global cooperation regarding the management of space traffic.

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What Are the Key Growth Drivers Fueling the Space Surveillance Market Expansion?
The anticipated rise in satellite deployments is poised to drive the expansion of the space surveillance industry. The term 'satellite launches' pertains to the use of launch vehicles (or rockets) to transmit artificial satellites into outer space. This escalation in satellite deployments is largely attributable to the growing need for global interconnectedness. More satellites are required to facilitate broadband internet, communication networks, and data services throughout sparsely populated and underserved areas. Satellite deployments allow for the implementation of sophisticated surveillance systems in orbit, thereby amplifying the capacity to observe celestial bodies, trace orbital debris, and guarantee the protection and effectiveness of space assets. For example, the US-based Government Accountability Office anticipates that the quantity of satellites in active operation is set to rise from 5,500 in 2022 to 58,000 by the year 2030. Thus, the space surveillance industry's growth is spurred on by this increase in satellite deployments.

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What Are the Key Trends Driving Space Surveillance Market Growth?
In the space surveillance sector, prominent companies are concentrating their efforts on creating innovative solutions such as space-based tracking satellites to boost real-time observation and enhance the detection of orbital debris. Space-based tracking satellites are satellites that are launched into orbit with the purpose of tracking and monitoring objects in space like debris, other satellites, and spacecraft. They accomplish this by using sensors and imaging systems installed on them. These satellites contribute to improving space situational awareness by supplying immediate data on the position, movement, and potential conflicts of orbital objects, thus facilitating safer navigation and minimizing the chance of accidents caused by space debris. For example, in January 2025, Digantara Research and Technologies Private Limited, an aerospace company from India, dispatched SCOT (Space Camera for Object Tracking) onboard SpaceX's Transporter-12 mission. SCOT, lauded as the world's first commercially developed space surveillance satellite, signifies huge advancements in the global space situational awareness realm. This satellite has the ability to detect and track objects as tiny as five centimeters, enabling frequent revisits and high observational precision of low earth orbit (LEO). This feature plays a vital role in preventing potential space collisions, enhancing orbital traffic management, and providing satellite operators with more timely and decisive data.

How Is the Space Surveillance Market Segmented?
The space surveillance market covered in this report is segmented -

1) By Component: Software, Hardware, Services
2) By Orbit Type: Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit, Other Orbit Types
3) By Application: Military, Commercial, Government, Other Applications
4) By End-User: Defense, Space Agencies, Satellite Operators, Other End-Users

Subsegments:
1) By Software: Orbit Determination Software, Collision Avoidance Software, Space Object Cataloging Software, Visualization Tools, Artificial Intelligence-Based Tracking Software
2) By Hardware: Ground-Based Radars, Optical Telescopes, Space-Based Sensors, Tracking Antennas, Signal Processors
3) By Services: Orbital Analysis Services, Space Object Tracking Services, Data Processing Services, Maintenance And Support Services, Advisory And Consulting Services

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Which Companies Are Leading the Charge in Space Surveillance Market Innovation?
Major Companies operating in the space surveillance market are The Boeing Company, Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies Inc., Thales Alenia Space S.A.S., Kratos Defense & Security Solutions Inc., Airbus Defence and Space S.A., Israel Aerospace Industries Ltd, Electro Optic Systems Pty Ltd, Swedish Space Corporation, Spire Global Inc., Astroscale Holdings Inc., Tekever S.A., Capella Space Inc., Millennium Space Systems Inc., HawkEye 360 Inc., Slingshot Aerospace Inc., Albedo Space, Turion Space

Which Regions Are Leading the Global Space Surveillance Market in Revenue?
North America was the largest region in the space surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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