The Global Space Situational Awareness Market is
propelled by increasing orbital activities

The Global Space Situational Awareness (SSA) Market involves
collecting, tracking, and understanding space objects such as satellites in
space to monitor and characterize the space environment. SSA systems provide
essential functions such as maintaining the space catalog database, providing
timely break-up or end-of-life notifications, supporting conjunction assessment
screenings, and assisting with reentry predictions. SSA products include
sensors, software, processing systems, and services that deliver actionable
information to help protect space assets and enable safe space operations. The
growing utilization of space and subsequent risks of collisions in space have
boosted demand for SSA.

The global space situational awareness (SSA) market size is
expected to reach US$ 2.68 Bn by 2030, from US$ 1.88 Bn in 2023, at a
CAGR of 5.2% during the forecast period.



Key Takeaways

Key players operating in the Global Space Situational Awareness Market include
Monet Group, Tata Steel, Gulf Manganese Corporation Limited, Vale, Eurasian
Resources Group, Ferroglobe, China Minmetals Group Co., Ltd., Eramet Group,
South32, and OM Holdings Ltd. These players are investing in expanding their
SSA capabilities through acquisitions, partnerships, and new technology
developments.



The increasing Space
Situational Awareness Market Trends is being driven by the growing
number of satellites and orbital debris, along with increasing satellite
communication needs. More countries and private companies are developing space
programs and setting up space infrastructures for various applications like
Earth observation, navigation, telecommunication etc. This is expected to
multiply space objects in the coming years.

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Space Situational Awareness Market