Space Debris Removal Market by Debris Size (10mm to 100mm, Greater than 100mm, Less than 10mm), Orbit (Geostationary Equatorial Orbit, Low Earth Orbit, Medium Earth Orbit), Technology, End-User - Global Forecast 2024-2030
Description
Space Debris Removal Market by Debris Size (10mm to 100mm, Greater than 100mm, Less than 10mm), Orbit (Geostationary Equatorial Orbit, Low Earth Orbit, Medium Earth Orbit), Technology, End-User - Global Forecast 2024-2030
The Space Debris Removal Market size was estimated at USD 282.04 million in 2023 and expected to reach USD 360.90 million in 2024, at a CAGR 30.10% to reach USD 1,779.94 million by 2030.
Space debris removal refers to the process and methods involved in eliminating or mitigating man-made debris in space, which encompasses defunct satellites, spent rocket stages, and fragments resulting from satellite disintegration or collision. As the orbit around Earth becomes increasingly congested with defunct satellites and fragments, the likelihood of collisions, which can generate even more debris, escalates, posing risks to operational spacecraft, space stations, and satellite communications. Stemming from over six decades of space exploration and satellite launches, the proliferation of space debris has reached a point where it is a significant concern for space navigation and Earth's orbital environment. This issue necessitates proactive measures for debris removal, ensuring the preservation of the operational space environment for future missions. On the other hand, the high cost of technologies and technical and operational complexities pose significant problems in effective space debris removal. However, the ongoing investment from government and private entities looking to develop cost-effective and scalable solutions, the emergence of new and advanced technology solutions, and the design of space debris mitigation technologies into satellites and space components provide considerable growth opportunities in the market.
Regional Insights
The market for space debris removal in the Americas is currently characterized by significant investment in research and development, particularly in the United States, which houses significant industry players. Region's growth is driven by prominent space agencies, including the National Aeronautics and Space Administration (NASA), which is vested in maintaining the viability of key satellite orbits and the safety of crewed missions. Policy frameworks and collaborations between public and private entities support the development of debris mitigation technologies in the region. In APAC, the space debris removal market is burgeoning, with emerging space nations such as China and India increasingly advocating for debris mitigation initiatives amid their growing satellite programs. National space policies have begun to reflect a recognition of the hazards posed by space debris, propelling funding and partnerships directed toward remediation technologies. EMEA's approach to space debris removal is heavily influenced by regional advancement and collaborative efforts, especially in Europe, where the European Space Agency (ESA) spearheads numerous initiatives, including the ADRIOS mission to demonstrate debris removal. Europe's established aerospace industry fosters innovation and development in removal technologies and services. The Middle East and Africa regions show potential for contributions to the debris removal market as countries, including the UAE, engage in space exploration and demonstrate a growing commitment to space sustainability.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Space Debris Removal Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing space exploration activities across economies
- Growing awareness regarding space debris among end users
- Increasing introduction of government projects and initiatives for space debris removal
- Market Restraints
- High cost associated with techniques and tools used space debris removal
- Market Opportunities
- Improvements and developments in space debris removal technologies
- Increasing collaborations between market players and government agencies in projects
- Market Challenges
- Problems associated with data management and limited regulatory frameworks
- Market Segmentation Analysis
- Debris Size: Innovative approaches for space debris removal depending on debris size
- Orbit: Significant debris removal activities in medium earth orbit
- Technique: Ongoing advancements in space debris removal techniques
- End-User: Robust research and development in debris removal technologies by Government entities
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Space Debris Removal Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Space Debris Removal Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Airbus’ Patented “Detumbler” to Tackle in-Orbit Debris
Airbus launched their Detumbler device, a magnetic damping system designed to prevent satellites at the end of their lifecycle from tumbling in space. This technology was developed by Airbus in 2021 with the support of the French Space Agency CNES under their Tech4SpaceCare initiative. The Detumbler consists of a rotor wheel and magnets that interact with Earth's magnetic field and generate eddy currents in case of tumbling.
EOS Space Systems and EX-Fusion Sign Memorandum of Understanding to Tackle Space Debris Challenge
EOS Space Systems and EX-Fusion, a Japanese start-up specializing in laser fusion technology, have signed a Memorandum of Understanding to collaborate on exploring laser technologies for space debris removal. By leveraging their expertise in laser fusion technology, EOS Space Systems and EX-Fusion aim to contribute to the development of effective solutions for space debris removal.
Astroscale Completed the System Requirements Review Ahead of the UK National Mission to Remove Space Debris
Astroscale UK, the European subsidiary of Astroscale Holdings Inc., completed its System Requirements Review for its active debris removal mission. This significant milestone validates Astroscale's mission to secure a more sustainable space environment and represents a major step forward in the UK Government's ambition to lead the global effort in space cleanup. The System Requirements Review focused on assessing technical requirements, including the mission concept, design of the robotic arm, and detumbling methods.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Space Debris Removal Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Space Debris Removal Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Altius Space Machines by Voyager Space Holdings, Astroscale Holdings Inc., BAE Systems PLC, ClearSpace SA, Electro Optic Systems, Exodus Space Systems, Fujitsu Limited, Infinite Orbits SAS, Kall Morris Incorporated, Lockheed Martin Corporation, Maxar Technologies Holdings Inc., Neuraspace Lda., Northrop Grumman Corporation, Obruta Space Solutions Corp., OrbitGuardians, PIAP Space sp.z o.o., Redwire Corporation, Rocket Lab USA, Inc., Rogue Space Systems, RTX Corporation, SIMBA Chain, SKY Perfect JSAT Holdings Inc., Skyrora Limited, Solstorm.io., Starfish Space, Tethers Unlimited, Inc., Thales Group, The Aerospace Corporation, Turion Space, and Vyoma GmbH.
Market Segmentation & Coverage
This research report categorizes the Space Debris Removal Market to forecast the revenues and analyze trends in each of the following sub-markets:- Debris Size
- 10mm to 100mm
- Greater than 100mm
- Less than 10mm
- Orbit
- Geostationary Equatorial Orbit
- Low Earth Orbit
- Medium Earth Orbit
- Technology
- Drag Sail Systems
- Electrodynamic Tether
- Harpoons & Nets
- Ion Beam Shepherd
- Laser Deorbit Systems
- Robotic Arms
- End-User
- Commercial
- Government
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
184 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing space exploration activities across economies
- 5.1.1.2. Growing awareness regarding space debris among end users
- 5.1.1.3. Increasing introduction of government projects and initiatives for space debris removal
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with techniques and tools used space debris removal
- 5.1.3. Opportunities
- 5.1.3.1. Improvements and developments in space debris removal technologies
- 5.1.3.2. Increasing collaborations between market players and government agencies in projects
- 5.1.4. Challenges
- 5.1.4.1. Problems associated with data management and limited regulatory frameworks
- 5.2. Market Segmentation Analysis
- 5.2.1. Debris Size: Innovative approaches for space debris removal depending on debris size
- 5.2.2. Orbit: Significant debris removal activities in medium earth orbit
- 5.2.3. Technique: Ongoing advancements in space debris removal techniques
- 5.2.4. End-User: Robust research and development in debris removal technologies by Government entities
- 5.3. Market Trend Analysis
- 5.3.1. Significantly growth potential for space debris removal activities backed by large scale R&D activities and government support
- 5.3.2. Strong technological advancements in space debris removal methods backed by government fundings and emerging startup ecosystem to enhance the market development in the Asia-Pacific
- 5.3.3. European government space agencies are investing heavily in research & development activities in space debris removal fostering sustainability in space
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Space Debris Removal Market, by Debris Size
- 6.1. Introduction
- 6.2. 10mm to 100mm
- 6.3. Greater than 100mm
- 6.4. Less than 10mm
- 7. Space Debris Removal Market, by Orbit
- 7.1. Introduction
- 7.2. Geostationary Equatorial Orbit
- 7.3. Low Earth Orbit
- 7.4. Medium Earth Orbit
- 8. Space Debris Removal Market, by Technology
- 8.1. Introduction
- 8.2. Drag Sail Systems
- 8.3. Electrodynamic Tether
- 8.4. Harpoons & Nets
- 8.5. Ion Beam Shepherd
- 8.6. Laser Deorbit Systems
- 8.7. Robotic Arms
- 9. Space Debris Removal Market, by End-User
- 9.1. Introduction
- 9.2. Commercial
- 9.3. Government
- 10. Americas Space Debris Removal Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Space Debris Removal Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Space Debris Removal Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Airbus’ Patented “Detumbler” to Tackle in-Orbit Debris
- 13.3.2. EOS Space Systems and EX-Fusion Sign Memorandum of Understanding to Tackle Space Debris Challenge
- 13.3.3. Astroscale Completed the System Requirements Review Ahead of the UK National Mission to Remove Space Debris
- 13.3.4. Starfish Space wins NASA contract to plan demonstration of orbital debris inspection
- 13.3.5. FAA Proposes Rule to Reduce Space Debris As Spacex Launches 22 Satellites Into Orbit
- 13.3.6. TransAstra Claims NASA Contract for Debris Capture Bag
- 13.3.7. Kall Morris Wins USAF Debris Removal Contract
- 13.3.8. Safran Invests in Vyoma, a Startup Specializing in Space Debris Monitoring
- 13.3.9. Swiss Company Selects Arianespace to Launch First Space Debris Removal Mission
- 13.3.10. Astroscale Raises U.S. USD 76 Million, Continuing to Lead the Growing On-Orbit Servicing Sector
- 13.3.11. ClearSpace raises EUR 26 million to cleanup space in a Series A round led by OTB Ventures and Swisscom Ventures
- 13.3.12. New Analysis System Plays A Key Role In Jaxa’s “Space Situational Awareness System”
- 13.3.13. Neuraspace raises EUR 2.5 million to prevent satellite collisions
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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