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3. Schafer (US) and Analytical Graphics (US) are the Leading Player in the Space Situational Awareness (SSA) Market

Space situational awareness services refer to tracking objects in the Earth’s orbit to understand near-Earth objects, space weather conditions, RF (Radio frequency) interference to satellite data links, and potential hazards to spacecraft and space stations on the ground or in the airspace due to on-orbit activities, such as reentries and collisions of satellites and distinct activities related to the security of nations that include object characterization, in terms of speed and type of space objects, and identification of hostile threats in space. The growth of the space situational awareness market can be attributed to factors such as the growing congestion of space objects in the space, and the focus of government agencies and private entities on space situational awareness.

The space situational awareness market is estimated to be USD 1.15 Billion in 2018 and is projected to reach USD 1.44 Billion by 2023, at a CAGR of 4.54 % from 2018 to 2023. The growth of this market can be attributed to the increased demand for space situational awareness services to mitigate or reduce any potential hazards in space as well as the rising need for carrying out commercial on-orbit satellite activities.

Some of the major players operating in the space situational awareness market include Schafer (US), Analytical Graphics (US), Applied Defense Solutions (US), ExoAnalytic Solutions (US), and Vision Engineering Solutions (US). These key players offer various space situational awareness services and software, such as conjunction analysis, space debris end-to-end service, Joint Space Operations Centre (JSpOC), and Orbit Determination Tool Kit (ODTK). These companies focus on both organic and inorganic growth strategies to strengthen their position in the space situational awareness market.

Schafer (US) was a leading player in the space situational awareness market in 2017. Schafer develops technologies, such as ground- and space-based electro-optical space situational awareness capabilities. The company provides state-of-the-art technology services and solutions to customers in aerospace, national security, and private sectors. The company provides space situational awareness expertise through its segments, such as counterspace analysis, science, engineering & analysis, and commercial space. The key technical expertise that the company offers includes satellite characterization, satellite vulnerability analysis, data exploitation, and modeling and simulation. In 2016, the company launched a new venture named “Commercial Space Situational Awareness” business unit. The new venture’s capabilities include exceptional precise position determination and orbit predictions, robust analysis, and common operational views, and actuarial data revealing information about failure trends and risk assessments.

Analytical Graphics (US) was another leading player in the space situational awareness market in 2017. AGI focuses on product innovation and R&D, wherein, the company spends 24% of the revenue on R&D activities. The company has adopted the inorganic growth strategy and has entered into agreements and contracts with both private and US defense organizations. In 2017, the company and the Space Data Association (SDA) entered into a long-term agreement to launch an upgraded Space Data Center (SDC) Space Traffic Management (STM) service powered by ComSpOC.

Related Reports:

Space Situational Awareness (SSA) Market by Offering (Services, Software), Object (Mission-Related Debris, Fragmentation Debris, Functional, Non-Functional Spacecraft), End User (Government & Military, Commercial), and Region - Global Forecast to 2023

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