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Global Space Situational Awareness (SSA) Market Analysis, Drivers, Restraints, Threats & Growth Forecast to 2032

The global space situational awareness SSA market size was worth around USD 1.71 Billion in 2023 and is predicted to grow to around USD 2.57 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.6% between 2024 and 2032.

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The report evaluates the impact of market drivers, restraints/challenges, and the global space situational awareness SSA market’s impact on demand throughout the forecast period. Furthermore, emergent opportunities in the space situational awareness (SSA) sector are examined in the report. The report provides an analysis and forecast of the global and regional space situational awareness (SSA) markets. The research paper presents historical data spanning from 2018 to 2022, in addition to a revenue forecast in billions of USD from 2024 to 2032.

A comprehensive competitive landscape and product portfolios of the leading vendors are detailed in this report. In order to comprehend the market’s competitive environment, a market analysis of Porter’s Five Forces Model has also been incorporated. The research includes an evaluation of market attractiveness, in which each segment is compared to others in terms of market size, growth rate, and overall appeal.

The concept of “Space Situational Awareness” (SSA) encompasses the systematic collection, evaluation, and interpretation of information pertaining to entities and activities situated within the Earth’s orbit or outer space. The oversight and administration of space debris, satellites, and other celestial entities are assuming heightened significance due to the expanding utilization of space for scientific investigation, communication, and national security. The domain of the space application (SSA) market comprises technologies and services intended to detect and forecast the trajectories of space objects, identify potential collisions or hazards, and ensure the safe and sustainable utilization of space.

Components of the satellite service industry (SSA) market include ground-based and space-based sensors, data processing and analytics, and communication systems designed to efficiently distribute information to satellite operators, government agencies, and commercial entities. Presently, this sector is tasked with assuring the long-term viability of space activities, reducing the probability of collisions, and supporting space operations.

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The Global Space Situational Awareness (SSA) Market is segmented based on product, application and region

Global Space Situational Awareness (SSA) Market: Product Segment Analysis

● Services
● Software

Global Space Situational Awareness (SSA) Market: Application Segment Analysis

● Space Weather
● Space Surveillance and Tracking
● Near Earth Objects
● Others

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The Global Space Situational Awareness (SSA) market profiles key players such as:

● Analytical Graphics
● Applied Defense Solutions
● ESA-ESA/AOES Medialab
● etamax space
● ExoAnalytic Solutions
● GlobVision
● Gryphon Schafer
● Harris Corporation
● Kratos Defense
● Security Solutions
● NorStar Space Data
● Polaris Alpha a Parsons Company
● Safran
● Schafer Corporation
● Solers
● SpaceNav
● Vision Engineering Solutions

Furthermore, the development of satellite-based services and the increasing commercialization of space have served as catalysts for investments in satellite surveillance systems. The purpose of these advancements is to safeguard valuable assets in orbit. Moreover, the escalating recognition of potential hazards, including deliberate interference with satellites or cyber-attacks originating from space, has resulted in a surge in the need for robust solutions pertaining to satellite communications antennas (SSA).

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