GITNUX MARKETDATA REPORT 2024

Space Situational Awareness Industry Statistics

The Space Situational Awareness industry is expected to experience significant growth in the coming years, driven by increasing demand for satellite monitoring and collision avoidance services.

With sources from: nasaspaceflight.com, lockheedmartin.com, fortunebusinessinsights.com, marketsandmarkets.com and many more

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.

Sources Icon Sources

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."

Sources Icon

Statistic 2

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

Sources Icon

Statistic 3

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

Sources Icon

Statistic 4

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

Sources Icon

Statistic 5

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

Sources Icon

Statistic 6

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

Sources Icon

Statistic 7

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

Sources Icon

Statistic 8

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

Sources Icon

Statistic 9

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

Sources Icon

Statistic 10

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

Sources Icon

Statistic 11

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

Sources Icon

Statistic 12

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

Sources Icon

Statistic 13

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

Sources Icon

Statistic 14

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

Sources Icon

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."

Sources Icon

Statistic 16

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

Sources Icon

Statistic 17

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

Sources Icon

Statistic 18

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

Sources Icon

Statistic 19

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

Sources Icon

Statistic 20

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

Sources Icon

Interpretation

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.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!