Artificial Intelligence
Space Situational Awareness Market Worth $2.17 Billion, Globally, by 2028 at 6% CAGR | The Insight Partners
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Pune, India., April 11, 2023 (GLOBE NEWSWIRE) — According to our latest study on “Space Situational Awareness (SSA) Market Size Report, Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offering, Object, End User, and Orbit Range,” the market was valued at US$ 1,535.91 million in 2022 and is expected to reach US$ 2,178.89 million by 2028; it is anticipated to register a CAGR of 6.0% from 2022 to 2028.
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Global Space Situational Awareness (SSA) Market Growth Drivers:
• Increasing space debris: The growth of space debris poses a significant threat to satellites and other spacecraft in orbit. This has led to a growing need for SSA systems that can monitor and track debris to avoid collisions and minimize damage.
• Rising demand for satellite services: The increasing demand for satellite services, such as communication, navigation, and Earth observation, has led to a significant increase in the number of satellites in orbit. This has driven the need for SSA systems to monitor and manage these satellites to ensure safe and efficient operations.
• Government initiatives: Many governments around the world are investing in SSA systems to enhance national security and protect critical infrastructure. This has led to a significant increase in the demand for SSA systems and services.
• Technological advancements: Advances in technology have enabled the development of more sophisticated SSA systems, such as space-based sensors, which can provide more accurate and timely information about objects in space. These technological advancements have also driven down the cost of SSA systems, making them more accessible to a wider range of users.
• Growth of the commercial space industry: The commercial space industry is experiencing significant growth, with companies launching more satellites and conducting more activities in space. This has led to an increase in demand for SSA systems to monitor and manage these activities and ensure safe and efficient operations.
Global Space Situational Awareness (SSA) Market Recent Developments:
• Advancements in SSA sensors: The development of more advanced and sophisticated sensors has improved the accuracy and reliability of SSA systems. These sensors include radar, optical, and infrared sensors that can detect and track objects in space with greater precision.
• Increased use of artificial intelligence and machine learning: The use of artificial intelligence and machine learning algorithms has improved the processing and analysis of SSA data, enabling more accurate and timely information about objects in space.
• Expansion of SSA services: The SSA market has seen a significant increase in the number of companies offering SSA services, including satellite operators, government agencies, and commercial service providers. This has led to greater competition and innovation in the market.
• Emergence of new SSA markets: The growth of the space industry has led to the emergence of new SSA markets, including space traffic management and space situational awareness for small satellites. This has led to the development of new SSA systems and services tailored to these markets.
• Investment in SSA infrastructure: Governments and private companies are investing in SSA infrastructure, including ground-based sensors and space-based sensors, to enhance the accuracy and reliability of SSA systems. This investment is driving the development of new SSA technologies and services.
Overall, the SSA market is evolving rapidly, with new technologies and market demands driving innovation and growth. These recent developments are just a few examples of the changes taking place in the market.
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In 2021, Space Track reported four on-orbit breakup events generating 150 fragment debris and two collision events producing 942 objects, including that from the Russian ASAT test. These orbiting space debris threaten about 3,000 functioning satellites presently in orbit, used for modern critical communication and other purposes. Any damage, even minor, to such space assets can have cascading impacts on many vital systems, including communication, transportation, time scheduling, and critical defense-related aspects. Many state-of-the-art defense technologies such as guided missiles, drones, intelligence data collections, encrypted communications, and navigation would be limited or can become inoperable with defunct satellite systems. It is thus crucial to analyze the comparative approach of all space objects to detect collision threats well in advance. SSA deals with the thorough knowledge of the space environment, assessment of any threats to space activities, and implementing necessary mitigation measures to safeguard the functional space assets. It consequently plays a crucial role in ensuring safe and sustainable space activities complying with domestic and international guidelines, standards, and other norms. Owing to the critical functionality of SSA and the rising importance of satellites, the space situational awareness (SSA) market is positively impacted by the increasing amount of space debris.
Space Situational Awareness (SSA) Market: COVID-19 Overview
The US, Japan, India, France, Russia, and the UK were among the worst-affected countries by COVID-19 pandemic. COVID-19 outbreak disrupted various industries such as automotive, manufacturing, energy & power, aerospace & defense, and construction in 2020. The imposition of containment measures such as trade bans, travel restrictions, and workforce limitations at workplaces adversely impacted the manufacturing, supply, and sales of various businesses. Such disruptions promoted internet usage, telecommunication modes, and digital transformation adoption across the world. All these factors increased the involvement of satellites. However, a shortage of key semiconductor components delayed the launches of several satellites. Additionally, liquid oxygen was diverted to various hospitals to treat patients. Thus, the space industry reported disruptions in space manufacturing, rocket launches, and satellite operations during the pandemic. Such challenges also led to a decrease in the adoption of SSA in the first half of 2020. However, increased internet usage and high digital transformation of various industries strongly promoted satellite usage. This has led to a negative impact of COVID-19 pandemic on the space situational awareness (SSA) market growth.
Space Situational Awareness (SSA) Market: Offering Overview
Based on offering, the space situational awareness (SSA) market is segmented into software and services. According to the space situational awareness (SSA) market analysis, the services segment accounted for a larger space situational awareness (SSA) market share in 2022 and is expected to retain it is dominance during the forecast period as well. Also, the services segment is expected to witness highest CAGR during the forecast period in the global space situational awareness (SSA) market.
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Space Situational Awareness (SSA) Market: Competitive Landscape and Key Developments
Analytical Graphics, Inc.; Exoanalytic Solutions, Inc; Globvision Inc.; GMV Innovating Solutions SL; L3Harris Technologies, Inc.; Kratos Defense and Security Solutions, Inc.; Lockheed Martin Corporation; Parsons Corporation; Belcan; and Spacenav LLC are a few of the key space situational awareness (SSA) market players operating worldwide.
In March 2023, Privateer Space, a data, and intelligence platform, announced a partnership agreement with WARPSPACE, a Tsukuba-based spacetech startup. Through this partnership, the companies aim to develop an optical inter-satellite data relay service to offer space operators with necessary data within time. The optical inter-satellite data would assist in protecting their assets from the objects orbiting in space. Due to the rising number of satellites around Earth, SSA’s significance has increased, as it helps in understanding the location of satellites and other objects to prevent collisions.
In March 2023, Northrop Grumman and IHI Corporation signed a Memorandum of Understanding at DSEI Japan to work toward creating highly maneuverable and small satellites and other solutions for missions such as SDA for Japan.
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Military Optronics Surveillance and Sighting Systems Market – The global military optronics surveillance and sighting systems market size is expected to grow from US$ 15,099.84 million in 2021 to US$ 21,394.01 million by 2028. It is estimated to grow at a CAGR of 5.1% during the period of 2021–2028.
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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