Space Situational Awareness Market to Surpass $2.04 Billion by 2029 | Key Trends & Insights

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How Will the Space Situational Awareness Market Grow by 2025 in Terms of Size and Growth?
The size of the space situational awareness market has seen robust growth in the past few years. Its increase, from $1.5 billion in 2024 to $1.59 billion in 2025, which is a compound annual growth rate (CAGR) of 5.6%, can be attributed to several factors. These include increased space activity, satellite services, mitigation of space debris, national safety concerns, and international collaboration.

What Are the Estimated Growth Rates for the Space Situational Awareness Industry Through 2029?
The market size of space situational awareness is predicted to experience significant expansion in the coming years, reaching a value of $2.04 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. The projected growth during the forecast period is due to factors such as space traffic management, commercial space ventures, moon and deep space exploration, utilization of space resources, and space domain awareness. Key trends during the forecast period consist of space traffic management, space debris monitoring, accelerated data sharing, commercial space situational awareness services, and space weather forecasts.

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What Are the Strategic Drivers Boosting Space Situational Awareness Market Performance?
The surge in need for space-based sensing operations is a significant driver for the expansion of the space situational awareness market. These operations involve the use of remote sensing technology that provides a detailed profiling of the earth's atmosphere and ionosphere using data acquired by low-Earth orbiting satellites through GNSS (like GPS). A large number of governments rely on space situational awareness to strategize their space operations since it facilitates the prediction of orbital paths for cataloged objects and debris. As an example, a report released by The UK government in March 2023 mentioned that in 2022, GNSS services raked in £320 billion, commanding a 15.3% share of the GDP. Concurrently, Earth Observation satellite services supported £106 billion of GDP, which is equivalent to a 5.1% share. Hence, the escalating demand for space-based sensing operations is fueling the growth of the space situational awareness market.

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What Are the 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

What Are the Key Adoption Trends in the Space Situational Awareness Market?
The advancements in technology have become a prominent trend in the space situational awareness market, with leading firms in the sector concentrating on technological innovation to maintain their market presence. Notably, in April 2022, Fujitsu, which is a renowned Japanese company specializing in ICT equipment and services, unveiled a new technology designed for space debris mapping and analysis. This innovative technology comprises an SSA (Space Situational Awareness System) system, radar, and an optical telescope. The novel radar from JAXA (Japan Aerospace Exploration Agency), incorporated with this extensive technology, is engineered to monitor roughly 10,000 objects daily and boasts the ability to spot minuscule items. This pioneering technology empowers operators to auto-calculate the chances of a projected collision and undertake necessary path changes to alleviate risks and forestall potential crashes with space debris.

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Which Companies Lead the Competitive Landscape of the Space Situational Awareness Industry?
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.

Where Are the Key Space Situational Awareness Market Opportunities by Region?
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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