Space Debris Monitoring and Removal Industry Is Expanding at a CAGR of 5% by 2027 - Airbus S.A.S., Digantara Altius Space Machines Inc., Raytheon Company, Astroscale Holdings Inc.

New York, Global Space Debris Monitoring and Removal Market report from Global Insight Services is the single authoritative source of intelligence on Space Debris Monitoring and Removal Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Space debris is any man-made object in orbit around Earth that no longer serves a useful purpose. Debris includes inactive satellites, spent rocket stages, paint flakes, bits of insulation, and all other man-made objects larger than a few centimeters across. The growing presence of space debris poses a serious threat to active satellites and the International Space Station (ISS).

There are two main ways to remove space debris: active removal and passive removal. Active removal involves using a spacecraft to physically capture or push debris out of orbit. Passive removal involves using a spacecraft to act as a "magnet" to attract debris, which then burns up in the atmosphere.

Key Players

The global space debris monitoring and removal market includes players such as Airbus S.A.S., Digantara Altius Space Machines Inc., Raytheon Company, Astroscale Holdings Inc., D-Orbit SpA, PAO S.P. Korolev RSC Energia, Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Electro Optic Systems Pty Ltd., and others.

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Key Trends

The key trends in Space Debris Monitoring and Removal technology are the development of new and more sophisticated methods of detecting and tracking space debris, and the development of new technologies for removing space debris from orbit.

The most important trend in space debris detection and tracking is the development of new and more sensitive radar systems. These radar systems are able to detect and track smaller and more elusive pieces of space debris than ever before.

In terms of debris removal, the most important trend is the development of new and more effective methods of deorbiting space debris. These methods include the use of lasers, nets, and tethers to drag debris out of orbit and into the atmosphere where it will burn up.

Key Drivers

The key drivers of space debris monitoring and removal are the increasing amount of space debris, the need to protect active satellites and spacecraft, and the threat to human spaceflight.

The amount of space debris has been increasing exponentially since the start of the Space Age. There are now over 21,000 tracked pieces of space debris larger than 10 cm, and millions of smaller pieces that are not tracked.

The need to protect active satellites and spacecraft from collisions with space debris is a major driver of the space debris monitoring and removal market. Collisions can damage or destroy satellites and can create even more space debris.

The market is driven by the increasing amount of space debris, the need to protect active satellites and spacecraft, and the threat to human spaceflight.

Market Segments

The space debris monitoring and removal market is segmented by technology type, application, and region. By technology type, the market is classified into space debris removal technology, and space debris monitoring technology. Based on application, it is bifurcated into military, and civil. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

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