DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The "Space Situational Awareness (SSA) Market by Offering (Services, Software), Object (Mission-Related Debris, Fragmentation Debris, Functional, Non-Functional Spacecraft), End User (Government & Military, Commercial) & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The space situational awareness market is estimated to be USD 1.15 Billion in 2018 and is projected to reach USD 1.44 Billion by 2023, at a CAGR of 4.54% from 2018 to 2023.

Increasing demand for space situational awareness services to reduce potential hazards in space, as well as the rising need for carrying out commercial on-orbit satellite activities, are some of the factors driving the space situational awareness market. Regulatory norms laid down by various space regulatory authorities restrain the growth of the space situational awareness market. Based on end user, the commercial segment is estimated to account for the largest share of the space situational awareness market in 2018. Growth in small satellites, which is expected to lead to high demand for Space Situational Awareness (SSA), enables satellite operators to characterize space environment and carry out space activities safely and efficiently.

Another factor contributing to the growth of the commercial segment is the high demand for SSA for commercial applications, such as monitoring and observation of satellite operator's fleet, increasing demand for small satellite deployment, and tracking of satellite moments through their lifecycle.

Schafer (US), Analytical Graphics (US), Applied Defense Solutions (US), ExoAnalytic Solutions (US), and Vision Engineering Solutions (US) are some of the key players in the space situational awareness market.

Market Dynamics

Drivers

Rising Demand for Small Satellites Across the Globe Increasing Demand for Space-Based Sensing Activities Growing Space Congestion Due to Increasing Number of New Satellite Launches

Restraints

Adherence to Regulatory Norms Laid by Various Space Regulatory Authorities

Opportunities

Rising Demand for Lower Earth Orbit (LEO)-Based Services Increasing Involvement of Private Players in the Global Space Industry Growing Need for Commercial On-Orbit Satellite Activities

Challenges

Non-Detection of Micro-Sized Debris by Space Situational Awareness Sensors

Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Space Situational Awareness Market, By Offering 8 Space Situational Awareness Market, By End-user 9 Space Situational Awareness Market, By Object 10 Regional Analysis 11 Competitive Landscape 12 Company Profiles

Analytical Graphics Applied Defense Solutions Elecnor Deimos Group Etamax Space Exoanalytic Solutions GMV Innovating Solutions Globvision Harris Kratos Defense & Security Solutions Lockheed Martin Norstar Space Data Polaris Alpha Schafer Sky and Space Global Solers Spacenav Vision Engineering Solutions

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Related Topics:Space Systems, Satellites and Launchers

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MANUFACTURING AEROSPACE

SOURCE: Research and Markets

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PUB: 06/06/2018 08:59 AM/DISC: 06/06/2018 08:59 AM

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