Space Debris Monitoring and Removal Trends and Forecast
The future of the global space debris monitoring and removal market looks promising with opportunities in the space debris monitoring and space debris removal markets. The global space debris monitoring and removal market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing threat of space debris, expansion of government and space agency projects, as well as a trend toward more satellite constellations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Space Debris Monitoring and Removal by Segment
The study includes a forecast for the global space debris monitoring and removal by orbit, debrise size, activity, and region.
Space Debris Monitoring and Removal Market by Orbit [Shipment Analysis by Value from 2018 to 2030]:
• LEO
• GEO
Space Debris Monitoring and Removal Market by Debrise Size [Shipment Analysis by Value from 2018 to 2030]:
• 1mm To 1 cm
• 1 cm To 10 cm
• Greater Than 10 cm
Space Debris Monitoring and Removal Market by Activity [Shipment Analysis by Value from 2018 to 2030]:
• Space Debris Monitoring
• Space Debris Removal
Space Debris Monitoring and Removal Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Space Debris Monitoring and Removal Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space debris monitoring and removal companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space debris monitoring and removal companies profiled in this report include-
• Obruta Space Solutions
• Share My Space
• OrbitGuardians
• Airbus
• Northrop Grumman
• Lockheed Martin
• Voyager Space
• ClearSpace
• Electro Optic Systems
• Astroscale
Space Debris Monitoring and Removal Market Insights
Lucintel forecasts that LEO will remain the larger segment over the forecast period.
Within this market, space debris monitoring will remain the larger segment.
North America is expected to witness highest growth over the forecast period due to growing the level of government participation in space-related launch development.
Features of the Global Space Debris Monitoring and Removal Market
Market Size Estimates: Space debris monitoring and removal market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space debris monitoring and removal market size by orbit, debrise size, activity, and region in terms of value ($B).
Regional Analysis: Space debris monitoring and removal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different orbit, debrise size, activity, and regions for the space debris monitoring and removal market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space debris monitoring and removal market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the space debris monitoring and removal market size?
Answer: The global space debris monitoring and removal market is expected to reach an estimated $1.4 billion by 2030.
Q2. What is the growth forecast for space debris monitoring and removal market?
Answer: The global space debris monitoring and removal market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the space debris monitoring and removal market?
Answer: The major drivers for this market are increasing threat of space debris, expansion of government and space agency projects, as well as a trend toward more satellite constellations.
Q4. What are the major segments for space debris monitoring and removal market?
Answer: The future of the global space debris monitoring and removal market looks promising with opportunities in the space debris monitoring and space debris removal markets.
Q5. Who are the key space debris monitoring and removal market companies?
Answer: Some of the key space debris monitoring and removal companies are as follows:
• Obruta Space Solutions
• Share My Space
• OrbitGuardians
• Airbus
• Northrop Grumman
• Lockheed Martin
• Voyager Space
• ClearSpace
• Electro Optic Systems
• Astroscale
Q6. Which space debris monitoring and removal market segment will be the largest in future?
Answer: Lucintel forecasts that LEO will remain the larger segment over the forecast period.
Q7. In space debris monitoring and removal market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing the level of government participation in space-related launch development.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the space debris monitoring and removal market by orbit (LEO and GEO), debrise size (1mm to 1 cm, 1 cm to 10 cm, and greater than 10 cm), activity (space debris monitoring and space debris removal), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Space Debris Monitoring and Removal Market, Space Debris Monitoring and Removal Market Size, Space Debris Monitoring and Removal Market Growth, Space Debris Monitoring and Removal Market Analysis, Space Debris Monitoring and Removal Market Report, Space Debris Monitoring and Removal Market Share, Space Debris Monitoring and Removal Market Trends, Space Debris Monitoring and Removal Market Forecast, Space Debris Monitoring and Removal Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.