Global Space Traffic Management Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Space Traffic Management Market Size Forecast for 2025?
In recent times, the space traffic management market has exhibited solid growth. The market, which is expected to escalate from $16.12 billion in 2024 to $17.66 billion in 2025, boasts a compound annual growth rate (CAGR) of 9.5%. Factors such as the growing demand for enhanced safety and operational efficiency in space, an uptick in the number of spacecraft, an increasingly crowded environment, amplification of satellite constellations, and concerns related to military and national security have contributed to the growth during the historical term.

What Is the Market Size Outlook for Space Traffic Management Until 2029?
Anticipated expansion is on the horizon for the space traffic management market, with its worth projected to reach $25.82 billion by 2029, marking a compound annual growth rate (CAGR) of 10.0%. This slated increase in the forecast span is linked to aspects like commercial proliferation in the space sector, the small satellite revolution, and the surge in space situational awareness. Other factors include the formulation of regulatory structures, a rising need for satellite-centric services, and an uptick in space exploration ventures. Noteworthy trends for the projection duration encompass amplified space situational awareness (ssa), assimilation with air traffic management (atm), growth in public understanding and education, rising space traffic density, and autonomous collision evasion and maneuvering.

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What Are the Major Factors Driving Demand in the Space Traffic Management Market?
The increasing danger posed by space debris is anticipated to propel the expansion of the space traffic management market. Space debris, the inoperative remnants of man-made objects in space particularly circulating Earth's orbit, is a major concern. Space traffic management aids in the surveillance and tracking of both operational and non-operational satellites, helps avert collisions with space debris, and creates less debris, further facilitating a clear route for satellites. For example, a report issued by the UK government in September 2024, on a UK-based informational website, projected that around one million bits of space debris ranging from 1 cm to 10 cm in size exist, with a staggering 130 million extra pieces sizing between 1 mm and 1 cm in orbit. Among these, roughly 36,500 objects larger than 10 cm are currently under surveillance, with over 35,000 already catalogued. Hence, the escalating concern of space debris is fuelling the growth of the space traffic management market.

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How Are End-Use Segments Shaping the Space Traffic Management Market Outlook?
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

What Are the Strategic Trends Transforming the Space Traffic Management Market Landscape?
The progression of space debris monitoring technologies is an emerging trend gaining traction in the space traffic management market. To consolidate their standing in the market, prominent firms are focusing on developing these monitoring platforms. For instance, in March 2022, Neuraspace, a start-up hailing from Portugal that operates in the space sector, created an advanced platform that utilizes AI technology for space debris monitoring and satellite collision prevention, aiming for safer and more sustainable in-orbit activities.

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Who Are the Prominent Companies in the Space Traffic Management Market by ?
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.

Which Region Is Expected to See the Highest CAGR 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.

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