Space situational awareness (SSA) refers to knowledge and characterization of the space environment and activities within it to support spaceflight safety, mission assurance, and sustainability. It involves contributions from many monitoring facilities around the world that track objects in space and issue notifications about potential collisions between satellites and space debris objects. The global space situational awareness market provides software and services to enable collision avoidance decisions between operational spacecraft and resident space objects (RSOs) like debris. Companies offer upgraded observation capabilities, orbital predictions, satellite catalog maintenance and conjunction analysis for commercial space operators.
The global Space Situational Awareness (SSA) Market is estimated to be valued at US$ 1.5 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increasing need for monitoring space debris and preventing collisions is driving the growth of the global space situational awareness market. As per statistics, there are over 27,000 pieces of orbital debris larger than 10 cm being tracked, and approximately >500,000 pieces between 1-10 cm. This debris threatens operational spacecraft and contributes to even more debris through accidental collisions. Space situational awareness software and services allow space agencies and commercial entities to track space debris, identify collision risks, and maneuver satellites autonomously or remotely to avoid accidents in orbit. For instance, in January 2022, the European Space Agency's (ESA) Space Safety Programme helped avoid a potential collision between ESA's Copernicus Sentinel-1B Earth observation satellite and SpaceX's Starlink satellites. Another key driver of the market is the growing number of satellite launches as well as proliferation of constellations for applications like Earth observation, telecommunications and others. This has led to increased demand for collision avoidance services from both government agencies and commercial players.
SWOT Analysis
Strength: The global space situational awareness (SSA) market offers various strengths. The technology helps detect space debris and prevents collisions, thereby ensuring safety of satellites and human spaceflight. Monitoring space objects assists in managing congestion in low earth orbit. It also helps organizations comply with regulations for maintaining orbital safety.
Weakness: High costs associated with development and deployment of SSA infrastructure poses a major challenge. Maintaining precision of data over long durations can also be difficult due to factors like orbital decay. Dependence on global sensor network requires extensive international cooperation which is not always straightforward.
Opportunity: Rising small satellite launches and interest in space tourism/mining will drive the need for comprehensive SSA. Emerging applications in space-based internet connectivity can bolster demands. Adoption in military domains to track hostile satellites opens new areas. Growth of academic research utilizing SSA data presents opportunities.
Threats: Geopolitical tensions may impact sensor data sharing between nations. Increased debris also poses risks of data inaccuracy affecting safety. Vulnerabilities of SSA infrastructure to space weather or cyber threats need addressing. Potential disputes over jurisdiction/governance for orbital activities remain a challenge.
Key Takeaways
The Global Space Situational Awareness Market Size is expected to witness high growth over the forecast period till 2031 driven by increasing awareness about issues like orbital congestion management and space sustainability. SSA technologies play a crucial role in enabling the safe and responsible use of outer space. Various efforts are ongoing globally to develop independent as well as collaborative SSA networks amongst nations and commercial players to ensure comprehensive orbital monitoring. The global Space Situational Awareness (SSA) Market is estimated to be valued at US$ 1.5 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031.
Regional analysis: North America currently dominates the global SSA market led by heavy investments and advancement in technologies by U.S based companies and agencies like NASA and Northrup Grumman. The Asia Pacific region is expected to grow at the fastest pace supported by increasing indigenous satellite programs and space activities in China and India. Countries like Japan are also bolstering their SSA capabilities in collaboration with allies.
Key players: Key players operating in the global space situational awareness market are Mitsubishi Electric Corporation, Siemens Ag, Schneider Electric Se, Abb Limited, Yokogawa Electric Corporation, Omron Corporation, General Electric, Emerson Electric Co., Honeywell International, Inc., and Rockwell Automation, Inc. These companies are investing in advanced sensor networks and analytics capabilities to provide accurate and timely orbital data services to both public and commercial space actors globally.
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