Space Situational Awareness Global Market Report 2022: Surge in Congestion of Objects in Space Boosts Adoption – ResearchAndMarkets.com
DUBLIN–(BUSINESS THREAD)–The “Spatial Situational Awareness Market – Global Industry Size, Share, Trends, Opportunities and Forecast, 2017-2027 Segmented by Supply, by Object, by End-Use and by Region” report has been added to ResearchAndMarkets.com’s sacrifice.
The global situational awareness market is expected to register a steady CAGR during the forecast period, 2023-2027. Factors such as the increase in the focus of government authorities on space situational awareness and the increase in accumulation of objects in space are the primary factors driving the demand for the global space situational awareness market. An increase in demand for LEO-based services and space-based observation services is also expected to drive the global space situational awareness industry growth over the next five years.
Increased demand for LEO-based services is driving the market growth
LEO-based services include services that can capture images of the Earth, broadband services, space situational awareness services and on-orbit services, and these services are witnessing massive demand from around the world. The growing popularity of compact or small satellites is also due to their low production and launch costs and short time spent in the manufacturing process. Small satellites do not require any launch vehicles, and several small satellites can be launched simultaneously. The expected deployment of 5G technology and the increasing adoption of advanced technologies such as augmented reality, virtual reality, augmented reality, internet of things and artificial intelligence, among others, are promoting the development of the communication sector around the world.
Small satellites can be used to provide high-speed Internet services and for monitoring and surveillance activities by the defense sector. With the continuous advancements in small satellite technology, the number of small satellites deployed in low Earth orbits is expected to increase in the coming years. The increase in demand for LEO-based services, especially for Earth observation imagery, increases the deployment and assembly time of large-aperture small satellites. Therefore, the growing demand for LEO-based services is expected to drive the demand for space situational awareness services in the forecast period to monitor and track the position and route of the small satellites moving in space.
Increasing importance of space-based observation activities supports the market demand
The demand for space situational awareness services from the government and commercial sectors makes the market players invest in research and development activities. Space-based sensing activities such as weather monitoring, remote sensing, automatic dependent surveillance broadcast (ADS-B), RF mapping, GPS radio occultation (GPS-RO) remote sensing activities for use in the space, maritime and aerospace industries are expected to drive the market demand awake. Small satellites are mainly used for space situational applications. Therefore, the increase in the use of space-based observation activities to monitor the satellites and payloads and gather situational awareness over space is expected to propel the global space situational awareness market growth over the next five years.
Report scope:
In this report, the global space situational awareness market has been segmented into the following categories in addition to the industry trends which are also detailed below:
Space Situational Awareness Market, by offering:
Space Situational Awareness Market, By Purpose:
Mission related debris
Rocket bodies
Fragmentation Debris
Non-functional spacecraft
Functional spacecraft
Space Situational Awareness Market, By End Use:
Commercially
Government and Military
Space Situational Awareness Market, by Region:
North America
United States
Canada
Mexico
Asian Pacific Ocean
China
In the
Japan
Thailand
Indonesia
Australia
South Korea
Europe and CIS
Germany
France
United Kingdom
Spain
Italy
The Netherlands
Russia
Poland
South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
Iran
Israel
UAE
Turkey
Key topics covered:
1. Product Overview
2. Research methodology
3. Executive Summary
4. Impact of COVID-19 on Global Space Situational Awareness Market
5. Global Space Situational Awareness Market Outlook
6. North America Space Situational Awareness Market Outlook
7. Asia-Pacific Space Situational Awareness Market Outlook
8. Europe and CIS Space Situational Awareness Market Outlook
9. South America Space Situational Awareness Market Outlook
10. Middle East and Africa Space Situational Awareness Market Outlook
11. Market Dynamics
12. Market trends and developments
13. Competitive landscape
14. Strategic Recommendations
Companies mentioned
Lockheed Martin Corporation
L3harris Technologies
Kratos Defense & Security Solutions, Inc.
Parsons Corporation
Exo-analytic solutions
Schafer Corporation
Northstar Earth & Space Inc.
Elecnor Deimos Group
Spacenav
Applied Defense Solutions
For more information on this report visit https://www.researchandmarkets.com/r/jej1gg
