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Space Traffic Management Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Space Traffic Management Market: By Type (Hardware, Solution, Services); By Traffic Type (Launch Vehicles, Satellite and Others); By Orbit Type (Geostationary Orbit (GEO), Low-Earth Orbit (LEO) & Medium Earth (MEO)); By Application (Space Situational Awareness, Space Debris Remediation, Space Orbit Management, Launch Vehicle Operations & Others); By Industry (Commercial & Military; By Region—Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2022–2030

  • Published On: 14-Oct-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA1022310
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Space Traffic Management Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 13,219.9 Million
Expected Revenue in 2030US$ 26,341.3 Million
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR8.2%
Segments coveredBy Component, By Traffic Type, By Orbit Type, By Application, By Industry, By Region
Key CompaniesAirbus Group, BAE Systems plc, Boeing Company, Exolaunch, HyImpulse Technologies, Kayhan Space Corp., L3Harris Technologies, Inc., Lockheed Martin, Northrop Grumman, Raytheon Technologies, Saab AB, Thales Group, The Aerospace Corporation, Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

The Global Space Traffic Management Market was valued at US$ 13,219.9 Million in 2021.

The opportunity of Space Traffic Management Market has been anticipated to be US$13,121.4 Million for the year 2022 to 2030.

The space launch services market includes pre-launch services and post-launch services.

Latest technological advancements for the management of space traffic such as the introduction of satellite life extension vehicles are among the upcoming trends in the market .

The two important end-users of the market are commercial and military agencies. Due to the large-scale commercialization of space activities commercial players hold a major share of the market.

North America is a leading player in the space industry. The United States Government spent approximately US$ 54.6 billion on its space programs in 2021, making it the country with the highest space expenditure in the world. 

Space Situational Awareness (SSA) is dominating the market share in 2021. It helps to provide timely information to operators to avoid collisions in orbit.

Based on orbit type, the market is segmented into Geostationary orbit (GEO), Low Earth orbit (LEO), and Medium Earth orbit (MEO) in which Low Earth orbit (LEO), has been expected to grow at the highest CAGR of 8.4% during the forecast period. 

Covid-19 had an adverse effect on the space industry. Due to the imposition of lockdowns and curfews, there is a shortage of raw material supply and finished products which forced the companies to delay their launch schedule. However, the pandemic has created opportunities for existing satellite operators.

Increasingly congested environment due to rising spacecraft in space and Space-based secure connectivity initiatives are driving the market growth.

Lack of comprehensive space domain awareness among countries has been one of the major obstacles to market expansion.

Key players in space traffic management include competitors such as Airbus Group, BAE Systems plc, Boeing Company, Exolaunch, HyImpulse Technologies, Kayhan Space Corp, L3Harris Technologies, Inc., Lockheed Martin, Northrop Grumman, Raytheon Technologies, Saab AB, Thales Group, The Aerospace Corporation and Other Prominent Players.