Portland, OR, May 30, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global space traffic management market was accounted for $11.9 billion in 2020, and is projected to garner $22.4 billion by 2030, registering a CAGR of 7.1% from 2021 to 2030.
Introduction of satellite life extension vehicles, increase in number of space debris and overlapping space orbits, and space-based connectivity initiative have boosted the growth of the global space traffic management market. In addition, the reduced launch cost due to advent of re-usable rockets and adoption of smallsats and cubeasts would open new opportunities in the future.
Download Report (270 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/16524
Covid-19 scenario:
- The Covid-19 pandemic effected the market due to limited trade of raw materials and finished goods and delays in launch of new missions.
- Reallocation of budgets toward catering medical emergency from other domains including defense, space, and aviation created liquidity crunch across the market.
- However, the pandemic opened a new opportunity due to the rise in demand for earth observation and satellite.
The report segments the global space traffic management market on the basis of application, end use, orbit, activity, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/16524
Based on application, the communication segment held the largest share in 2020, contributing to nearly half of the market. Furthermore, the segment is estimated to register the highest CAGR of 7.79% from 2021 to 2030. The report includes analysis of other segments such as earth observation, navigation, global positioning systems, and surveillance, technology development and education, and others.
On the basis of end use, the commercial segment dominated the market in 2020, accounting for around two-thirds of the market. In addition, the segment is projected to register the highest CAGR of 7.28% during the forecast period.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/16524
The global space traffic management market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for more than two-fifths of the market. However, the market across Asia-Pacific is anticipated to register the highest CAGR of 8.4% during the forecast period.
The global space traffic management market includes an in-depth analysis of the prime market players such as Lockheed Martin, L3Harris Technologies, Thales Group, Airbus, Boeing, Northrop Grumman, BAE Systems, Saab AB, Raytheon Technologies, and Kayhan Space.
Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/ff225fc5c4729e6796e2cbfa4de9a413
Similar Reports We Have on Traffic Management Industry:
Space Transportation Market by Type (Passenger Shuttles, Freight Shuttles, and Deep Space Passenger Ships), Orbit Range (LEO, GEO, and MEO), and Application (Research & Development and Leisure): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Unmanned Traffic Management Market by Component (Hardware, Software), by Application (Agriculture and Forestry, Logistics and Transportation, Surveillance and Monitoring), by End User (Drone Operators or Pilots, Recreational Users, Airports, Emergency Service and Local Authorities): Global Opportunity Analysis and Industry Forecast, 2021-2031.
Air Traffic Management Market by Component (Hardware and Software), Air Space (Air Traffic Services, Airspace Management, Air Traffic Flow Management and Aeronautical Information Management), Investment Type (Greenfield and Brownfield), and End Use (Tactical and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Air Traffic Control Market by Airspace (ARTCC, TRACON, ATCT, and Remote Tower), Application (Communication, Navigation, Surveillance, and Automation), Offerings (Hardware, Software & Solutions, and Services), and Airport Size (Large, Medium, and Small), and Sector (Commercial, and Military & Defense): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Vessel Traffic Management Market by Component (Equipment, Solutions, and Service), Systems (Port Management Information Systems, Global Maritime Distress Safety Systems, River Information Systems, and Aton Management & Health Monitoring Systems), End User (Commercial, and Defense), and Investment (Brownfield, and Greenfield): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Air Traffic Management Hardware Market by Air Space (Air Traffic Services, Airspace Management, Air Traffic Flow Management and Aeronautical Information Management), Investment Type (Greenfield and Brownfield), and End Use (5 Tactical and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Air Traffic Management Software Market by Air Space (Air Traffic Services, Airspace Management, Air Traffic Flow Management and Aeronautical Information Management), Investment Type (Greenfield and Brownfield), and End Use (Tactical and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Traffic Monitoring Market by Solution (Traffic Analysis and Smart Surveillance), Hardware (Display Boards, Sensors, Surveillance Cameras and Others) and Service (Consulting, Deployment, Integration, Support and Maintenance): Global Opportunity Analysis and Industry Forecast, 2021–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
