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The global space situational awareness (SSA) market size was valued at USD 2.03 billion in 2024. It is projected to grow from USD 2.18 billion in 2025 to USD 4.23 billion by 2032, exhibiting a CAGR of 9.6% during the forecast period. North America dominated the space situational awareness market with a market share of 41.37% in 2024.
Space situational awareness (SSA) plays a vital role in ensuring the safety of space activities. This system can help avoid threats, such as orbital collisions between space debris and objects. The U.S. Space Command has been tracking and monitoring over 28,000 space objects, of which only 3373 are active satellites. The rising number of space objects is the main factor driving the market's growth.
The coronavirus pandemic has affected the global economy. In the space industry, large players seem to be able to cope with the ongoing crisis. These large firms faced challenges, such as a slowdown in production, a delay in launches, and others. However, small and medium-sized industries witnessed a negative impact.
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Enhancing Space Domain Awareness (SDA) with Radio Frequency Data is a Prominent Trend
The traditional SDA has primarily relied on two sensor types: radar and electro-optical sensors. Each offers its respective strengths, but they have certain limitations. Radars are expensive, and the output of electro-optical sensors is affected by the weather. Radio frequency (RF) data adds a new dimension to the awareness program. It advances capabilities beyond traditional methods.
Radio frequency data transmitting from objects in space can be monitored and analyzed to obtain critical information, such as location, intention, health, usage, and ownership. Furthermore, various nations and leading players in the market are focused on collaboration efforts toward enhancing the capabilities of situation awareness devices.
For instance, RF data can geolocate and detect interference, whether a jammer or accidental misalignment of objects. It can also identify anomalies in the payload system performance and its impact. By tracking satellites over time, RF data can recognize unexpected challenges that may reveal potential threats.
The surging adoption of radio frequency monitoring is anticipated to spur opportunities for market growth.
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Surging Satellite Launches and Space Activities across the Globe to Boost Growth
Over the past few years, there has been an exponential growth in the number of small satellite launches for commercial and military purposes. The overcrowding in space is a potential threat to all the satellites. Thus, accurate tracking and predicting the positions of space objects is in high demand.
The growing use of space for national security, commercial services, and others is resulting in a rise in the demand for SSA capabilities. Moreover, along with satellite launches, the number of satellite operators has been increasing steadily over the past 60 years. Several countries, such as Africa, India, and others, have become active in space activities which are expected to increase the demand. Increased amount of satellite launches from various end users across the globe has led to the high demand for situational awareness devices to monitor and track space activities. The rising tensed situation among European borders due to the war outbreak further expected to drive higher market demand for space situational systems, especially in European nations.
Rising Partnership among Countries for Space Situational Awareness to Propel Growth
Space is progressively recognized as a sector of strategic importance for national security. There is an increase in the number of countries to use space for safety, national security, science, and others. Currently, 80 countries are active in the space domain. The congestion in space is directing organizations across various countries to collaborate to ensure the sustainability and safety of space activities.
Thus, the rising need for collaboration among countries for coordinating space traffic is anticipated to boost growth.
Stringent Norms Implemented by Space Regulatory Authorities May Hamper Market Growth
The space industry faces several limitations from national and international government organizations. As per the International Space Law, every state has to register its space objects with the international registry to notify and track space objects.
On an international level, there are five United Nations Treaties on outer space, which are
Moreover, non-government entities require authorization and supervision from the state to carry out space activities.
Surveillance and Tracking Sub-segment to Grow at Higher CAGR Due to Increasing Satellite Launches
Based on the offering, the market is segmented into service and software.
The services segment is expected to dominate the market due to the rising space exploration activities and space debris modeling. The segment is further classified into space weather services, near-earth object detection services, and space surveillance and tracking services. The space surveillance and tracking services sub-segment is anticipated to grow exponentially owing to the growing satellite launches.
The software segment is anticipated to show significant growth during the forecast period. The growth of the segment is attributed to the increasing development of software capabilities to protect space equipment.
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Fragmentation Debris Segment to Lead Market Due to Increasing Space Debris
Based on the object, the market is segmented into mission-related debris, rocket bodies, fragmentation debris, non-functional spacecraft, and functional spacecraft.
The non-functional spacecraft segment dominated the market in 2024, owing to an increase in space exploration and operational projects over the years. Furthermore, increased government spending on deploying and testing space prototypes and similar operations results in higher debris accumulation generated by this segment.
The fragmentation debris segment is predicted to witness significant growth due to increased rocket bodies and spacecraft fragmentation over the past 60 years. Fragmentation debris accounts for 40% of the U.S. Space Debris Catalogue.
The European Space Agency (ESA) has estimated the number of debris in Earth orbit. There are 34,000 objects greater than 10cm, 9,00,000 objects between 1cm and 10cm, and 128 million objects between 1mm and 1cm.
Military and Government Segment to Witness Significant Growth Owing to Rising Investment by Various Countries
Based on the end-user, the market is divided into commercial and military & government.
The commercial segment is anticipated to grow at a high compound annual growth rate throughout the forecast period. This growth is attributed to the rising interest of players in the SSA industry in offering space-based services, such as space debris removal, deorbiting of non-functional spacecraft, and data sharing to satellite owners.
The military and government segment is expected to grow substantially throughout the projection period owing to the rising investment by governments of various countries to increase SSA capabilities.
The global market for space situational awareness is segmented by region into North America, Europe, Asia-Pacific, and the rest of the world.
North America Space Situational Awareness (SSA) Market Size, 2024 (USD Billion)
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North America held the largest SSA market share in 2023 and is anticipated to continue its dominance during the forecast period. The U.S. has the largest space surveillance network in the world. Moreover, the U.S. Department of Defense spends heavily on SSA. Furthermore, the presence of prominent space organizations, such as NASA and the U.S. DoD, would fuel the market growth in the region.
The European market is anticipated to grow significantly during the forecast period. Russia has the second-largest network of space surveillance, which is anticipated to boost market growth in the region.
Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period. The growth can be attributed to the increasing demand for SSA capabilities from emerging economies such as China, India, and Japan. China is growing its optical sensor network, the Asia-Pacific Optical Satellite Observation System (APOSOS), through work with its space network, the Asia-Pacific Space Cooperation Organization (APSCO).
The market in the rest of the world is also expected to grow steadily during the forecast period. The growth can be attributed to the rising collaboration between non-U.S. countries for SSA capabilities.
The countries in the southern hemisphere, such as South Africa, Chile, and others, are seeing a lot of interest in sites for installing sensors.
Key Players Are Determined in Providing Advanced SSA Capabilities
Lockheed Martin Corporation, L3Harris Technologies Inc., and others are the major players in the market. Key companies in this emerging market are majorly focusing on offering software and services for space situational awareness. These players are adopting growth strategies, such as partnerships, agreements, and new product development, to sustain their positions in the market.
The global market report provides a detailed analysis of the market and focuses on key aspects such as key players, offerings, objects, and end-users. Moreover, the research report offers insights on space situational awareness market trends, competitive landscape, market competition, product pricing, market status and highlights key industry developments. In addition to the factors mentioned above, it encompasses several direct and indirect factors that have contributed to the sizing of the global market over recent years.
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ATTRIBUTE |
DETAILS |
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Study Period |
2019-2032 |
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Base Year |
2024 |
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Estimated Year |
2025 |
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Forecast Period |
2025-2032 |
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Historical Period |
2019-2023 |
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Growth Rate |
CAGR of 5.3% from 2025 to 2032 |
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Unit |
Value (USD Billion) |
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Segmentation
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By Geography
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Fortune Business Insights says that the global market size was USD 1.97 billion in 2024 and is projected to reach USD 3.01 billion by 2032.
Registering a CAGR of 5.3%, the market will exhibit steady growth over the forecast period (2025-2032).
The service segment is expected to lead this market during the forecast.
L3Harris Technologies Inc. is the leading player in the global market.
North America dominated the market in terms of share in 2023.
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