Space Situational Awareness Industry Statistics

In this post, we will explore the latest statistics and trends in the space situational awareness industry. From market values and growth projections to key players and government funding, these insights provide a comprehensive overview of the evolving landscape of space monitoring and management. Let’s dive into the numbers that are shaping the future of space situational awareness.

Statistic 1

"As of 2018, the market value of the space situational awareness industry is estimated at $1.11 billion."

Statistic 2

"The Space Situational Awareness sector is expected to grow at a rate of 2.2% Compound Annual Growth Rate (CAGR) by 2021."

Statistic 3

"North America led the integrated space situational awareness market in 2020 with a share of 38.6%."

Statistic 4

"Major participants in the space situational awareness market include over 25 key players."

Statistic 5

"About 12% of the global space situational awareness industry is made up of testing and simulation services."

Statistic 6

"In the period of 2021-2026, the space situational awareness market is expected to register a CAGR of over 13.7%."

Statistic 7

"By 2030, the space situational awareness market is expected to reach $2.73 billion."

Statistic 8

"Military and Defense sector held the largest share of the SSA market, over 48% in 2020."

Statistic 9

"In 2021, the U.S. allocated $111 million dollars to the Space Surveillance Network for space situational awareness purposes."

Statistic 10

"In 2019, approximately 2,218 satellites were serving in orbit and closely monitored by the SSA systems."

Statistic 11

"By 2025, over half a million pieces of space debris are expected to be tracked by SSA services."

Statistic 12

"Space traffic management services account for nearly 38% of the global SSA market."

Statistic 13

"There are approximately 23,000 pieces of space debris larger than 10 cm that SSA systems need to track."

Statistic 14

"Investment in the SSA sector is expected to surpass $15 billion by 2030."

Statistic 15

"The European Space Agency (ESA) predicts that by 2030, there will be an estimated 900,000 objects larger than 1 cm in space that SSA will need to monitor."

Statistic 16

"About 9% of the global space situational awareness industry is made up of inspection and repair services."

Statistic 17

"Nearly 43% of global spending on space situational awareness market came from government funds in 2020."

Statistic 18

"Lockheed Martin, a key player in SSA, has invested more than $300 million into developing space fence technology."

Statistic 19

"Over 22,000 objects are currently being tracked by the U.S Space Surveillance Network - an essential part of the SSA services."

Statistic 20

"Cumulatively, US and Russia own approximately 60% of all tracked objects in space."

In conclusion, the space situational awareness industry is experiencing steady growth and significant investment, with the market value expected to reach $2.73 billion by 2030. North America leads the market, particularly in the military and defense sector, and major players are actively involved in developing technologies such as space fence. The sector is diversifying, with services like testing, simulation, inspection, and repair making up a notable portion of the industry. As the number of satellites and space debris continues to increase, the demand for SSA services is expected to rise, driving further innovation and investment in the industry.