Press release
Space Situational Awareness Market to Reach US$ 1.98 Billion by 2028, says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report scope covers market dynamics, future forecasts, and strategic insights. The segmentation analyses include offering type, end-user type, object type, and regional breakdown, making it strategically relevant for OEMs, suppliers, investors, and business development teams assessing opportunities and competitive positioning.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/599/space-situational-awareness-market.html#form
Market Statistics
• Market size (2021): US$ 1.40 billion
• Forecast value (2028): US$ 1.98 billion
• CAGR (2022-2028): 5.1%
• Forecast period: 2022-2028
• Base year: 2021
• Total number of segments: 4
• Tables & figures: 100+ (as per report claims)
• Country-Level Market Assessment: 20 (implied by report structure sectioning)
Market Segmentation
By Offering Type: Services; Software
By End-User Type: Government & Military; Commercial
By Object Type: Mission-Related Debris; Rocket Bodies; Fragmentation Debris; Functional Spacecraft; Non-Functional Spacecraft; Others
By Region: North America; Europe; Asia-Pacific; Rest of the World
Segment Analysis
In offering-type segmentation, the services segment dominates the market, driven by the continuous need for space debris modeling, space weather services, and surveillance and tracking activities. Organizations increasingly rely on expert services to interpret complex space environment data and support real-time decision-making for collision avoidance and asset protection, presenting sustained demand for end-to-end service providers.
For end-user type, while government & military entities currently hold significant share, the commercial segment exhibits faster growth as private space enterprises expand satellite constellations and require situational awareness across the satellite lifecycle. Commercial operators' need for collision prediction and data transparency with satellite operators is intensifying investments in SSA solutions.
Within object-type segmentation, the fragmentation debris category leads owing to escalating space congestion from breakup events and defunct satellites. Fragmentation debris poses a high risk to operational spacecraft, prompting prioritization of tracking and mitigation technologies focused on these smaller, high-velocity objects.
In regional insights, North America holds the largest share of the space situational awareness market. The region's leadership is structurally supported by substantial investments from NASA, national defense agencies, and a mature space ecosystem with robust satellite infrastructure and advanced sensor networks, driving strong demand for situational awareness capabilities.
Market Drivers
• Increasing congestion of objects in space increases demand for tracking and collision-avoidance systems.
• Growing emphasis by government agencies on space safety and security enhances investment in situational awareness technologies.
• Rising commercial space activities require advanced monitoring solutions over satellite life cycles.
• Expansion of space debris and threat prediction services fuels need for analytics and service offerings.
• Strategic defense programs and space traffic management initiatives institutionalize long-term SSA spending.
Top Companies in the Market
• Analytical Graphics
• Applied Defense Solutions
• Elecnor Deimos Group
• Etamax Space
• Exoanalytic Solutions
• GMV Innovating Solutions
• Kratos Defense & Security Solutions
• Lockheed Martin
• Norstar Space Data
• Polaris Alpha
FAQs
1. How large is the space situational awareness market and what is its growth trajectory?
Stratview Research estimates the market at US$ 1.40 billion in 2021, with a forecast to reach US$ 1.98 billion by 2028 at a 5.1% CAGR due to increasing space object congestion.
2. What are key demand drivers for the SSA market?
Primary drivers include rising object congestion in orbit, governmental safety mandates, and expanded commercial satellite launches, all increasing the need for tracking and predictive services.
3. Which end-user type is gaining momentum in the SSA market?
While government & military remains substantial, the commercial segment is growing faster as private space operators invest in situational awareness solutions for their satellite constellations.
4. What object category dominates the SSA market?
Fragmentation debris is the dominant object segment, driven by escalating debris from past missions and breakups, increasing collision risks that require advanced monitoring.
5. Why does North America lead the SSA market?
North America's leadership is due to strong defense and space agency investment, established infrastructure, and a mature space technology ecosystem that prioritizes tracking, safety, and collision avoidance capabilities.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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