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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Market overview for space situational awareness (SSA)
Space Situational Awareness (SSA) is the process of compiling, evaluating, and interpreting information about objects and activities situated in the orbit of the Earth or space. As the use of space for communication, navigation, scientific research, and national security keeps expanding, keeping track of and controlling space garbage, satellites, and other celestial bodies becomes ever more crucial. Included in the realm of the space application (SSA) market are technologies and services meant to detect and anticipate the trajectories of space objects, identify possible accidents or hazards, and guarantee the safe and sustainable use of space.
Key elements forming the satellite service industry (SSA) market include ground-based and space-based sensors, data processing and analytics, and communication systems for fast information distribution to satellite operators, government agencies, and commercial entities. Important tasks this sector plays at the moment are supporting space operations, lowering the probability of collisions, and guaranteeing the long-term survival of space activities.
Market for Space Situational Awareness (SSA) Growth Factors
Driven by various significant factors accordingly, the market for space situational awareness (SSA) is seeing amazing increase. First of all, the growing congestion in space resulting from the increasing number of satellites, space junk, and other celestial objects has made efficient SSA capabilities more necessary. Modern technologies that can detect, monitor, and project item movement in space are being invested in by more governments and business companies. This guarantees that long-term viability of space activities will remain possible and helps to lower the possibility of collisions.
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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
● Space Weather
● Space Surveillance and Tracking
● Near Earth Objects
● Others
Global Space Situational Awareness (SSA) Market: Application Segment Analysis
● Government and Military
● Commercial
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The Global Space Situational Awareness (SSA) market profiles key players such as:
● Analytical Graphics
● Applied Defense Solutions
● EOS
● ESA-ESA/AOES Medialab
● etamax space
● ExoAnalytic Solutions
● GlobVision
● GMV
● Gryphon Schafer
● Harris Corporation
● Kratos Defense
● Security Solutions
● NorStar Space Data
● Polaris Alpha a Parsons Company
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