Space Situational Awareness (SSA) Market Trend Evaluation with covid-19 impact
Posted: Oct 18, 2020
This new report from Stratview Research analyses the Space Situational Awareness (SSA) Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Space Situational Awareness (SSA) Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Space Situational Awareness (SSA) Market is no different. Derived from the previous market scenario, the Space Situational Awareness (SSA) Market is likely to witness an impressive CAGR of 6.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Space Situational Awareness (SSA) Market Share: By Offering Type
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.
Space Situational Awareness (SSA) Market Share: By End-User Type
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.
Space Situational Awareness (SSA) Market Share: By Object Type
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.
Space Situational Awareness (SSA) Market Share: By Region
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.
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
- Polaris Alpha.
Space Situational Awareness can be defined as the knowledge that is attained about the environment of the near-space. Natural as well as man-made components are a part of such awareness. Some of the focal points are particles-fluxes near the Earth, artificial objects orbiting, and many others.
Space Situational Awareness is also at times defined as the ability to understand and then predict the location of the artificial as well as the natural objects revolving with the environment near the Earth. It is all about knowing the past of the components and also predicting its future that can be helpful in trying to stop collisions in the space.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. Website: https://www.stratviewresearch.com/