Space Traffic Management Market By Application (Communication, Earth Observation, Navigation, Global Positioning System, and Surveillance, Technology Development and Education, Others), By End Use (Civil and Government, Commercial, Military), By Orbit (LE

Space Traffic Management Market By Application (Communication, Earth Observation, Navigation, Global Positioning System, and Surveillance, Technology Development and Education, Others), By End Use (Civil and Government, Commercial, Military), By Orbit (LEO, MEO and Elliptical, GEO), By Activity (Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operations): Global Opportunity Analysis and Industry Forecast, 2020-2030

The space traffic management can be identified as methodologies, systems, and rules to perform operations in outer space with utmost safety, security, and sustainability. Since the inception of the space era in 1958, approximately 6,000 launched are made placing nearly 12,000 satellites in orbit. Among those 12,000 satellites, 4852 satellites are active as of 2022. The rest serve as space debris and continue to serve in orbit around earth. More than 20,000 satellites are accounted to be launched during the forecast period, making space a highly congested area. Apart from the dead satellites, the rise in several small and micro-level particles serving as space debris is also threatening space operations. More than 1 million pieces of space debris between 1cm and 10cm are identified orbiting around Earth, and the count is constantly increasing. Increasing congestion in space due to the rising number of operational satellites and launch forecast, the threat of collision course, overlapping orbits, and debris collision has generated demand for an effective space traffic management system.

The growth of the space traffic management market is driven by factors such as space-based connectivity, satellite life vehicle extension programs, and internal cooperation between nations to agree on data sharing policies are some of the primary drivers supporting the business opportunities over the coming years. Initiatives are taken by several regulatory bodies such as European Commission, United Nations Office For Outer Space Affairs (UNOOSA), and other U.S. federal departments to increase transparency about space operations across nations considering outer space a limited resource will promote the orientation of space traffic management system. Companies such as Lockheed Martin, L3Harris, and Airbus among others have started offering innovative solutions to address the rising threat of space debris and cater to the consumer demand for effective space operations. Reduced launch cost due to the introduction of re-usable rockets, adoption of smallsats and CubeSats, and rise in use of satellites for establishing communication constellations, and research and development on a personal level has generated the demand of end to end space operations service providers, supporting business augmentation.

The global space traffic management market is segmented based on application, end use, orbit, and activity. By application, the market is divided into communication, earth observation, navigation, a global positioning system (GPS) & surveillance, technology development & education, and others. The other segment encompasses several applications such as space science, maritime tracking, and other personal space-based operations. Based on end use, the space traffic management market is segmented by civil & government, commercial and military. The orbit segment will include low earth orbit (LEO), medium earth orbit (MEO) & elliptical orbit, and geostationary orbit (GEO). The activity segment is categorized into space situational awareness, space debris remediation, space orbit management, and launch vehicle operations. By region, the market is analyzed across North, Europe, Asia-Pacific, and LAMEA.

Companies have adopted product development and product launch as their key development strategies in the Space Traffic Management industry. Moreover, collaborations and acquisitions are expected to enable the leading players to enhance their product portfolios and expand into different geographical regions. The Key players operating in the space traffic management market are Lockheed Martin, Thales Group, L3Harris Technologies, Boeing, Airbus, BAE Systems, Northrop Grumman, Raytheon Technologies, and Saab AB, and Kayhan space.

KEY BENEFITS FOR STAKEHOLDERS

This study presents the analytical depiction of the global space traffic management market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall space traffic management market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global space traffic management market with a detailed impact analysis.
The current space traffic management market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments


By Application

Communication
Earth Observation
Navigation, Global Positioning System, and Surveillance
Technology Development and Education
Others

By End Use

Civil and Government
Commercial
Military

By Orbit

LEO
MEO and Elliptical
GEO

By Activity

Space Situational Awareness
Space Debris Remediation
Space Orbit Management
Launch Vehicle Operations

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
Russia
United Kingdom
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Lockheed Martin
Thales Group
L3Harris Technologies, Inc.
Boeing Company
Airbus Group
BAE Systems plc
Northrop Grumman
Raytheon Technologies
Saab AB
Kayhan Space