Due to increase in the satelite launch activities from many countries around the world the orbital debris issue has become a major concern for the space agencies to plan a collision-free orbit design. The risk of collisions is calculated using the in situ measurements and available models. Spatial density models are useful in understanding the long-term likelihood of a collision in a particular region of space and also helpful in pre-launch orbit planning. In this paper, we present a method of estimating model parameters such as number of peaks and peak locations of spatial density model using continuous wavelets. The proposed methodology was experimented with two line element data and the results are presented.