Global Space Situational Awareness (SSA) Market, By Offering (Services, Software, Hardware), By Object (Mission-Related Debris, Rocket Bodies, Fragmentation Debris, Non-Functional Spacecraft, Functional Spacecraft, Others), By End User (Commercial, Military & Government, Academic & Research Institutions, Space Agencies, Launch Providers, Satellite Operators, Others), By Orbit (LEO, MEO, GEO, Elliptical, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Jan 2024

Code : CMI6440

Pages :160

Formats :

Excel and PDF

Industry : Aerospace and Defense

Market Challenges And Opportunities

Global Space Situational Awareness (SSA) Market Drivers:

Increasing congestion of space debris: The excessive cluttering of space debris in the low Earth orbit (LEO) is a major factor driving the growth of the global space situational awareness (SSA) market. The high concentration of defunct satellites, rocket bodies, and fragmentation debris has increased the potential for collisions and interference with operational spacecraft. This has resulted in growing demand for advanced SSA capabilities to continuously monitor space debris and alert satellite operators about possible conjunction threats. Robust SSA data analytics, modeling, and conjunction assessment tools help identify debris objects, predict their trajectories, and mitigate collision risks through actionable insights.
Demand for small satellites and mega constellations: The rising number of small satellite and mega constellation projects by new space companies is spurring the need for SSA solutions. As small satellites have limited maneuverability, the risk of collisions and spacecraft failures increases in congested orbits. Operators rely on precise SSA data for launch planning, tracking assets, resolving anomalies, and deorbiting at end-of-life. Improved SSA capabilities can enable the safe deployment and management of large smallsat constellations in space.
Investments in space traffic management (STM) infrastructure: Government and private investments in developing space traffic management infrastructure are boosting the Space Situational Awareness (SSA) market growth. As the orbital environment... (truncated)

Global Space Situational Awareness (SSA) Market Challenges:

High costs involved in developing SSA infrastructure: A major restraint for Space Situational Awareness (SSA) market growth is the substantial costs involved in building and maintaining the required infrastructure and software systems. Key capabilities like space-based sensors, radars, and telescopes involve high capital expenditure. Complex data analytics and modeling tools also require significant investments. This can be challenging for smaller nations and operators to fund indigenous SSA programs. The specialized expertise needed further adds to costs.
Technical limitations in tracking small-sized debris: While SSA technology has improved greatly, tracking and cataloging smaller sized debris (under 10 cm) still remains a challenge. Such debris traveling at hyper velocities can inflict serious damage to satellites and spacecraft. Limitations in detection capabilities pose risks, even as the debris problem worsens. Further innovation is needed to improve monitoring of centimeter-sized debris and micrometeorites... (truncated)