The space debris monitoring and removal market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
What’s The Global Space Debris Monitoring And Removal Market Size?
The space debris monitoring and removal market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
The growth in the forecast period can be attributed to continued satellite deployment, rapid growth of mega constellations, space tourism and commercial space activities, regulatory developments, global space governance. Major trends in the forecast period include increased demand for space situational awareness, development of satellite constellations, emergence of automated debris removal technologies, integration of commercial solutions, rapid technology innovation.
Top Companies In The Space Debris Monitoring And Removal Market
Major companies operating in the space debris monitoring and removal market are Raytheon Technologies, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Mitsubishi Electric Corporation, Northrop Grumman Corporation, British Aerospace systems, L3Harris Technologies Inc., IHI Corporation, Teledyne Technologies, Thales Alenia Space, Ball Aerospace & Technologies Corp., Maxar Technologies Inc., Japan Aerospace Exploration Agency, The Aerospace Corporation, Kratos Defense & Security Solutions, Occupational Health Branch, Electro Optic Systems Holdings Limited, Rocket Lab Limited, Rüstungs Unternehmen AG, Surrey Satellite Technology Limited, ClearSpace SA, Tethers Unlimited, Kongsberg Satellite Services
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Space Debris Monitoring And Removal Market Drivers And Trends with Instances
The growing frequency of satellite launches is expected to boost the space debris monitoring and removal market. The deployment of satellites for communication, Earth observation, and scientific research is increasing, driven by the need for global connectivity and space exploration.
This rise in satellite launches heightens the risk of collisions with space debris, making debris monitoring and removal essential. In 2022, there were 186 international space launches of defense-related satellites, marking a significant increase from the previous year.
Companies are developing advanced solutions like commercial debris inspection satellites to improve space situational awareness. For instance, Astroscale Japan’s ADRAS-J mission, the world’s first debris inspection spacecraft, showcases innovative rendezvous and proximity operations capabilities, providing a critical step towards managing space debris and ensuring safer orbital environments.
Space Debris Monitoring And Removal Market Segmentation
The space debris monitoring and removal market covered in this report is segmented –
1) By Debris Size Range: 1mm To 1cm Debris Size, 1cm To 10cm Debris Size, Greater Than 10 cm
2) Orbit Type: Low Earth Orbit (LEO), Medium-Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
3) By End User: Commercial, Defense
Table of Contents
1. Introduction
• Overview of the Space Debris Monitoring And Removal Market
• Comprehensive Analysis of Space Debris Monitoring And Removal Market
2. Space Debris Monitoring And Removal Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Space Debris Monitoring And Removal Market Segmentation
• By Debris Size Range
• By Orbit Type
• By End User
4. Competitive Landscape And Company Profiles In The Space Debris Monitoring And Removal Market
• Overview
• Products and Services
• Strategy
5. Space Debris Monitoring And Removal Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Space Debris Monitoring And Removal Market
• Technological Advancements
• Emerging Trends
7. Space Debris Monitoring And Removal Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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Space debris monitoring and removal refer to the processes of detecting, tracking, and mitigating space debris objects circling the Earth, as well as their disposal to reduce the risk of collision with functioning satellites and spacecraft. It is essential for protecting space assets, ensuring the safety of space operations, and supporting sustainable space activities.
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Shambhu Kumar is a science communicator, making complex scientific topics accessible to all. His articles explore breakthroughs in various scientific disciplines, from space exploration to cutting-edge research.
