Stratview Research has published a new report on the Space Situational Awareness (SSA) Market, segmented 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, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
Space situational awareness (SSA) market is likely to witness an impressive CAGR of 6.2% during the forecast period. The growth of the global space situational awareness market is driven by a wide array of factors, such as increasing congestion of objects in space and growing emphasis by various government agencies and private entities on space situational awareness.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Space Situational Awareness (SSA) Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the offering type, the market is segmented as services and software. The services segment dominated the market in 2018 and is likely to lead the market during the forecast period. The growth of this segment is owing to the unending activities, such as space debris modeling and robotic exploration of the solar system and prominence on emerging space weather and Near-Earth Object (NEO) services, while research, development, and authentication activities remain in the sphere of space surveillance and tracking.
Based on the end-user type, the market is segmented as government & military and commercial. The commercial segment is expected to depict a higher growth as against the government & military segment, in the coming five years, owing to various private space entities eyeing on SSA solutions for satellite operations during a satellite’s lifecycle. Commercial establishments are seeking an attention in space situational awareness to provide space-based services, such as conjunction avidness of satellites, deorbiting of non-functional spacecraft, and elimination of debris left over by government/military surveillance networks, and providing data-sharing transparency for satellite operators/owners.
Following are the key players in the Space Situational Awareness (SSA) Market:
· Analytical Graphics
· Applied Defense Solutions
· Exoanalytic Solutions
· Etamax Space
· Elecnor Deimos Group
· GMV Innovating Solutions
· Kratos Defense & Security Solutions
· Lockheed Martin
· Norstar Space Data
· Polaris Alpha
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