Space Situational Awareness (SSA) Market estimated to grow at a CAGR of 6.2% in the forecast period (2020–2025)

The report on the Space Situational Awareness (SSA) Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020–2025. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Space Situational Awareness (SSA) Market is expected to inflate at a CAGR of 6.2% by the forecast period (2020–2025).

Space Situational Awareness (SSA) Market — Snapshot

Growth

6.2% for the next five years

Major Offering Type

Services

Major End-User Type

Commercial

Dominant Object Type

Fragmentation debris

Region with the highest demand

North America

Key Players

Analytical Graphics, Applied Defense Solutions, Exoanalytic Solutions, Etamax Space, Elecnor Deimos Group, GMV Innovating Solutions, Kratas Defense & Security Solutions, Lockheed Martin, Norstar Space Data, and Polaris Alpha.

Table Of Contents: https://www.stratviewresearch.com/toc/599/space-situational-awareness-market.html

Highlights of 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.

Based on the object type, the market is segmented as mission-related debris, rocket bodies, fragmentation debris, functional spacecraft, non-functional spacecraft, and others. The fragmentation debris segment dominated the market in 2018, and is estimated to continue its command during the forecast period as well. The growth of this segment can be attributed to the escalating congestion in space, owing to fragmentation debris, coupled with an upsurge in various space exploration activities.

In terms of regions, North America held the largest share of the space situational awareness market in 2018. The market is driven by high demand for space situational awareness happenings from prominent establishments, such as NASA and the Department of Defense, owing to the growing dependence on space assets and for preserving safe space operations. Europe and Asia-Pacific held substantial shares of the space situational awareness market in 2018. The Middle East, South America, and Africa are the other major regions expected in the Rest of the World (RoW) region, which are also expected to offer considerable growth opportunities during the forecast period.

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Key Players of the Market

Some of the major players in the space situational awareness (SSA) market are Analytical Graphics, Applied Defense Solutions, Exoanalytic Solutions, Etamax Space, Elecnor Deimos Group, GMV Innovating Solutions, Kratos Defense & Security Solutions, Lockheed Martin, Norstar Space Data, and Polaris Alpha.

Features of the Report

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:

· Strategic Segmentation

· Competitive Analysis

· Strategic Growth Opportunities

· Swot Analysis

· Key Players

· Forecast Analysis & Future Growth

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