Space debris monitoring refers to the development and operation of systems and technologies for tracking and observing space debris to predict and prevent collisions. Space debris monitoring is benefiting from advances in sensing technologies, including high-resolution imaging, ground-based radar, and space-based sensors. These technologies enhance the accuracy and scope of debris tracking.
Orbital environments become more congested as satellite constellations and space activities increase. This necessitates more robust space debris monitoring systems to avoid collisions and ensure safe space operations. Effective space traffic management is essential to prevent satellite collisions and debris-related incidents. Space debris monitoring plays a crucial role in supporting collision avoidance maneuvers and safe operations.
Space debris removal refers to the development and deployment of technologies and strategies for actively capturing and removing defunct satellites, rocket stages, and other orbital debris from Earth's orbit. The space debris removal segment is witnessing continuous advancements in technologies, such as robotics, autonomous spacecraft, and advanced capture mechanisms. These innovations aim to improve the efficiency and success rates of debris removal missions.
Governments are increasingly collaborating with private companies to fund and execute active debris removal missions. Public-private partnerships are becoming common, creating opportunities for companies to be at the forefront of space debris removal technology. Moreover, the potential for space debris collisions and damage raises liability concerns for satellite operators. These concerns drive the adoption of space debris removal solutions to mitigate the risk of financial liability.
The space debris monitoring and removal market is segmented on the basis of activity, debris size, orbit, and region. On the basis of activity, the market is classified into space debris removal, and space debris monitoring. On the basis of debris size, the market is divided into 1mm to 1 cm, 1 cm to 10 cm, and greater than 10 cm. On the basis of orbit, the market is bifurcated into LEO and GEO. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global space debris monitoring and removal market include Obruta Space Solutions Corp., Lockheed Martin Corporation, Northrop Grumman, Share My Space SAS, Astroscale, Electro Optic Systems, OrbitGuardians, Voyager Space Holdings Inc., ClearSpace, and Airbus SE.
Orbital environments become more congested as satellite constellations and space activities increase. This necessitates more robust space debris monitoring systems to avoid collisions and ensure safe space operations. Effective space traffic management is essential to prevent satellite collisions and debris-related incidents. Space debris monitoring plays a crucial role in supporting collision avoidance maneuvers and safe operations.
Space debris removal refers to the development and deployment of technologies and strategies for actively capturing and removing defunct satellites, rocket stages, and other orbital debris from Earth's orbit. The space debris removal segment is witnessing continuous advancements in technologies, such as robotics, autonomous spacecraft, and advanced capture mechanisms. These innovations aim to improve the efficiency and success rates of debris removal missions.
Governments are increasingly collaborating with private companies to fund and execute active debris removal missions. Public-private partnerships are becoming common, creating opportunities for companies to be at the forefront of space debris removal technology. Moreover, the potential for space debris collisions and damage raises liability concerns for satellite operators. These concerns drive the adoption of space debris removal solutions to mitigate the risk of financial liability.
The space debris monitoring and removal market is segmented on the basis of activity, debris size, orbit, and region. On the basis of activity, the market is classified into space debris removal, and space debris monitoring. On the basis of debris size, the market is divided into 1mm to 1 cm, 1 cm to 10 cm, and greater than 10 cm. On the basis of orbit, the market is bifurcated into LEO and GEO. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global space debris monitoring and removal market include Obruta Space Solutions Corp., Lockheed Martin Corporation, Northrop Grumman, Share My Space SAS, Astroscale, Electro Optic Systems, OrbitGuardians, Voyager Space Holdings Inc., ClearSpace, and Airbus SE.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the space debris monitoring and removal market analysis from 2022 to 2032 to identify the prevailing space debris monitoring and removal market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the space debris monitoring and removal market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global space debris monitoring and removal market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Activity
- Space Debris Monitoring
- Space Debris Removal
By Debris size
- 1mm to 1 cm
- 1 cm to 10 cm
- Greater than 10 cm
By Orbit
- LEO
- GEO
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Obruta Space Solutions Corp.
- Northrop Grumman
- Share My Space SAS
- Electro Optic Systems
- ClearSpace
- Airbus SE
- Lockheed Martin Corporation
- Astroscale
- OrbitGuardians
- Voyager Space Holdings Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SPACE DEBRIS MONITORING AND REMOVAL MARKET, BY ACTIVITY
CHAPTER 5: SPACE DEBRIS MONITORING AND REMOVAL MARKET, BY DEBRIS SIZE
CHAPTER 6: SPACE DEBRIS MONITORING AND REMOVAL MARKET, BY ORBIT
CHAPTER 7: SPACE DEBRIS MONITORING AND REMOVAL MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The space debris monitoring and removal market is likely to experience a growth rate of 7.7% from 2023-2032 owing to surge in space debris threat, and Increase in satellite constellations during the forecast period.Space debris monitoring and removal involve tracking and eliminating non-functional, man-made objects in Earth's orbit that can potentially endanger operational satellites and spacecraft. This space debris includes a variety of objects, including defunct satellites, discarded rocket stages, and other obsolete space hardware. It also includes smaller fragments resulting from satellite explosions or collisions, along with minuscule debris like insulation and paint particles that have detached from spacecraft. The management and reduction of space debris are vital to maintaining the safety and sustainability of space activities and to prevent collisions that could generate even more debris.
Moreover, commercial satellite constellations, often consisting of small satellites, are expanding rapidly. The space debris generated by these constellations increases the demand for debris monitoring and the need to implement effective mitigation measures. The emerging space tourism industry is a significant growth factor for the commercial segment. As space tourism operations increase, the safety of space tourists and the protection of space assets in orbit become critical considerations. In addition, government initiatives play a pivotal role in the growth of the market. The proactive involvement of space agencies and governments in the development of strategies and technologies for space debris management is a driving force.
Factors such as surge in space debris threat, increase in tendency of satellite constellations and rise in development of initiatives by various space agencies and government drive the growth of the market across the globe. However, high development costs and regulatory compliance with international space regulations and agreements act as a barrier for the growth of the market across the globe. Nevertheless, surge in demand for space tourism and development of advanced technologies create ample opportunities for the growth of the market during the forecast period.
The rapid deployment of satellite constellations in LEO requires continuous monitoring and mitigation efforts to prevent collisions and protect operational satellites. This trend fuels the demand for space debris management solutions. The dynamic nature of LEO, with its high traffic of satellites and space debris, drives the need for advanced space traffic management systems and collision avoidance strategies. Monitoring and tracking technologies are evolving to accommodate this trend. Moreover, LEO serves as a common destination for space tourism missions. As space tourism gains momentum, ensuring the safety of tourists and their spacecraft in LEO presents significant growth opportunities for space debris monitoring and removal services.
GEO is a hub for various commercial space activities, including satellite television broadcasting, global communication services, and Earth observation for businesses and governments. The segment hosts a wide range of high-value assets, making the safe and uninterrupted operation of these satellites critical for both service providers and end-users.
Many satellites in GEO are approaching the end of their operational life cycles. These aging satellites pose a twofold challenge: they contribute to the space debris population when they become defunct, and they risk collisions with operational satellites. The necessity to address this issue is driving the demand for monitoring, removal, and end-of-life solutions.
The space debris monitoring and removal market is segmented on the basis of activity, debris size, orbit, and region. On the basis of activity, the market is classified into space debris removal, and space debris monitoring. On the basis of debris size, the market is divided into 1mm to 1 cm, 1 cm to 10 cm, and greater than 10 cm. On the basis of orbit, the market is bifurcated into LEO and GEO. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global space debris monitoring and removal market include Obruta Space Solutions Corp., Lockheed Martin Corporation, Northrop Grumman, Share My Space SAS, Astroscale, Electro Optic Systems, OrbitGuardians, Voyager Space Holdings Inc., ClearSpace, and Airbus SE. The players in the market have been actively engaged in the adoption of various strategies such as collaboration and contracts to remain competitive and gain an advantage over the competitors in the market. For instance, in June 2022, Airbus SE delivered C-band radar to the Sentinel-1, which is an innovative separation mechanism that minimizes debris from space.
Key Market Insights
By orbit, the LEO segment is expected to be the highest revenue contributor to the market, and is estimated to reach $1.60 billion by 2032, with a CAGR of 7.9%.Based on activity, the space debris monitoring segment is expected to be the highest revenue contributor to the market, with $842.0 million in 2022, and is estimated to reach $1.68 billion by 2032, with a CAGR of 7.4%.
Based on region, North America is expected to be the highest revenue contributor, accounting for $441.2 million in 2022, and is estimated to reach $866.4 million by 2032, with a CAGR of 7.2%.
Companies Mentioned
- Obruta Space Solutions Corp.
- Northrop Grumman
- Share My Space SAS
- Electro Optic Systems
- ClearSpace
- Airbus SE
- Lockheed Martin Corporation
- Astroscale
- OrbitGuardians
- Voyager Space Holdings Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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