This report describes the global market size of Space Debris Removal from 2019 to 2022 and its CAGR from 2019 to 2023, and also forecasts its market size to the end of 2031 and its expected to grow with a CAGR of 41.7% from 2024 to 2031.
Due to the COVID-19 pandemic, the global market for Space Debris Removal estimated at US 0.8 $ billion in the year 2023, is projected to reach a revised size of US 15.459 $ Billion by 2031, growing at a CAGR of 41.7% during the forecast period 2024-2031.
Space debris removal refers to the process of actively removing defunct satellites, spent rocket stages, and other debris from Earth's orbit to mitigate the growing problem of space debris. This effort aims to reduce the risk of collisions between active satellites and debris, safeguarding operational spacecraft and ensuring the sustainability of space activities.
For geography segment, regional supply, demand, major players, price is presented from 2019 to 2031. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Space Debris Removal as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Debris Size
1mm to 10mm
10mm to 100mm
Greater than 100mm
In 2023, The global Space Debris Removal market is segmented by debris size to address the varying challenges posed by debris of different dimensions. Debris ranging from 1mm to 10mm presents a significant threat to spacecraft due to its high velocity, requiring advanced technologies like laser-based systems or robotic arms for precise removal. Debris sized between 10mm to 100mm poses substantial collision risks and may necessitate techniques such as nets, harpoons, or robotic capture systems for retrieval. Objects larger than 100mm represent a critical hazard to spacecraft and require sophisticated solutions such as debris removal spacecraft or tether-based systems for safe removal and deorbiting.
By Orbit
LEO
MEO
GEO
In 2023,The global Space Debris Removal market is segmented by orbit to address the unique challenges posed by debris at different altitudes. Low Earth Orbit (LEO) debris, located up to 2,000 kilometers above Earth's surface, presents a pressing concern due to its high density and proximity to operational satellites, requiring efficient and cost-effective removal solutions such as debris removal spacecraft or drag augmentation devices. Medium Earth Orbit (MEO) debris, situated between LEO and GEO at altitudes of 2,000 to 35,786 kilometers, poses intermediate collision risks and may necessitate targeted retrieval missions utilizing robotic arms or tether-based capture systems. Geostationary Orbit (GEO) debris, positioned approximately 35,786 kilometers above Earth, presents challenges due to its high altitudeand limited accessibility, requiring innovative approaches like electrodynamic tethers or solar sails for effective removal and deorbiting.
By Operation
Single Technique
Multiple Techniques
The global Space Debris Removal market is segmented by operation based on the approach utilized for debris removal. In the Single Technique segment, a singular method, such as robotic arms, nets, or harpoons, is employed for debris capture and removal, offering focused solutions tailored to specific debris types and sizes. Conversely, the Multiple Techniques segment incorporates a combination of methods, including laser-based systems, robotic spacecraft, and tether-based capture devices, providing a more versatile and comprehensive approach to space debris removal, enabling adaptability to various debris scenarios and operational requirements.
By Technique
Direct Debris Removal
Robotic Arms
Harpoons and Nets
Other Direct Debris Removal Techniques
Indirect Debris Removal
Drag Sail
Electrodynamic Tether
Other Indirect Debris Removal Techniques
The global Space Debris Removal market is segmented by technique into Direct Debris Removal and Indirect Debris Removal methods. Direct Debris Removal techniques, such as Robotic Arms and Harpoons and Nets, involve physically capturing and removing debris from orbit, offering precise and targeted solutions for space debris mitigation. Indirect Debris Removal methods, including Drag Sail and Electrodynamic Tether, focus on altering the orbit of debris through passive means, such as aerodynamic drag or electromagnetic forces, facilitating deorbiting and eventual reentry into Earth's atmosphere for safe disposal. These segments collectively address the complex challenges of space debris management, offering a range of innovative solutions for ensuring the sustainability of space activities.
By End User
Commercial
Government
The global Space Debris Removal market is segmented by end user into Commercial and Government sectors. Commercial entities, including satellite operators and private space companies, drive demand for space debris removal services to protect their valuable assets and ensure the sustainability of space operations. Government agencies, such as space agencies and defense organizations, also play a significant role in space debris mitigation efforts, investing in research, development, and deployment of debris removal technologies to safeguard national interests and promote space sustainability on a global scale. These segments collaborate to address the pressing challenge of space debris, leveraging innovative solutions and collaborative initiatives to mitigate risks and ensure the long-term viability of space activities.
Company-
Astroscale
ClearSpace
Surrey Satellite Technology Ltd
Northrop Grumman
Kall Morris Incorporated
Please ask for sample pages for full companies list
Base Year: 2023
Historical Data: from 2019 to 2023
Forecast Data: from 2024 to 2031
Any special requirements about this report, please let us know and we can provide custom report.
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