The Space situational awareness market is projected to grow from USD 1.5 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 4.6%. Space situational awareness refers to the tracking and surveillance of objects in the earth’s orbit, monitoring space weather conditions, and tracking & detecting near-earth objects to mitigate or reduce the hazards of a collision. It also includes the monitoring of distinct activities carried out by different countries and object characterization, in terms of speed and type, to identify threats posed to the security of different nations. The growth of the space situational awareness market can be attributed to factors such as the growing congestion of objects in space and the focus of government agencies and private entities on space situational awareness.
Major manufacturers in this market are based in North America. L3Harris Technologies (US), Lockheed Martin Corporation (US), Kratos Defense & Security Solutions, Inc. (US), Parsons Corporation (US), and Peraton (US) are among a few leading players operating in the Space situational awareness market.
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Lockheed Martin has an innovative approach in developing space systems with software-defined satellite architecture that will boost capability for payloads on several satellites. Lockheed Martin Corporation has business partner networks across the US, Europe, Asia Pacific, and the Middle East. This allows it to provide SSA solutions across the world. It is strongly backed by the US Government and 85% of its revenue comes from government contracts. Lockheed Martin Corporation is a key player in the aerospace and defense industry with a broad product portfolio. It has strategic partnerships with industry leaders such as Israel Aerospace Industries (Israel), Raytheon Company (US), and L3Harris Technologies (US). The company also focuses on strengthening its offerings through continuous investments in R&D. These advancements act as competitive advantages against competitors such as L3Harris Technologies (US).
L3Harris Technologies is a technology company, defense contractor, and information technology services provider. It produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and terrestrial as well as spaceborne antennas. These products are used in the government, defense, and commercial sectors. The company specializes in surveillance solutions, microwave weaponry, and electronic warfare. It is strongly backed by the US government as 83% of its revenue comes from US government contacts. L3Harris Technologies is a key player in the space situational awareness market with a broad solution and service portfolio such as, orbit determination, catalog maintenance, space object characterization, change detection for predictive warning of space events and enemy action, ground-based Electro-Optical deep space surveillance (GEODSS) systems, and so on. The company also focuses on strengthening its offerings through continuous investments in R&D.
Kratos Defense & Security Solutions, Inc. develops and fields transformative, affordable systems, platforms, and products for national security and communications needs. Kratos is changing the way developments are brought rapidly to these markets through proven commercial technology approaches, including proactive research and streamlined development processes. Kratos is focused on areas where tech advances can have a force multiplier effect, such as unmanned systems, satellite communications, C5ISR, warfighter training, and combat systems. It caters to the US government, commercial customers, and other federal, state & local government agencies. Kratos Defense & Security Solutions is a key player in the space situational awareness market with a broad solution and service portfolio such as RF satellite surveillance, RF interference mitigation, correlative/predictive analytics, protected communications, tactical waveforms, etc. The company also focuses on strengthening its offerings through continuous R&D investments.
Parsons Corporation is a leading provider of innovative technology-driven solutions in defense, intelligence, and critical infrastructure markets, dealing in software and hardware products, technical services, and integrated solutions. It has expertise in cybersecurity, intelligence, missile defense, C5ISR (Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance, and Reconnaissance) space, geospatial, mobility solutions, and connected communities. Parsons Corporation is a key player in the space situational awareness market with a broad product, solution & service portfolio such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch & integration, satellite ground systems, flight dynamics, and command & control solutions for the space end market. Its customers include the National Geospatial-Intelligence Agency (NGA), National Reconnaissance Office (NRO), and multiple units within the US Department of Defense, including the Special Operations Command (SOCOM), the US Space Force, and military services. The acquisition of Braxton helped it capitalize on evolving space missions for national security space customers.
Peraton is a leading SSA solution provider in the space situational awareness market. It specializes in space, intelligence, cyber, defense, homeland security, and health sectors. It is well-versed in all aspects of designing, developing, implementing, testing, sustaining, and training for weather infrastructures while minimizing disruptions of mission operations and performance. It is a leader in sounding rocket-based technology for space and earth sciences research, missile defense system testing and training targets, and hypersonic technology development and testing. Peraton has a broad solution and service portfolio such as, provides space protection and resiliency solutions, flight dynamics, orbital determination, earth observation, weather, intelligence processing, advanced sensors and payloads, ground processing, information analytics, space platform defensive cyber operations, and telemetry, tracking & control systems. The acquisition of Solers helped in its standing in the space situational awareness market.
Space Situational Awareness Market by Solution (Services, Payload Systems, and Software), Orbital Range (Near-Earth and Deep Space), End Use (Commercial, and Government & Military), Object, Capability, and Region - Forecast to 2026
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