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Impact Of Satellite Launches On The Space Debris Monitoring And Removal Market Driver: Leading Transformation in the Space Debris Monitoring And Removal Market in 2025
Space Debris Monitoring And Removal Market Share
The surge in satellite launches is poised to fuel the expansion of the market for monitoring and removal of space debris. Sending artificial satellites into orbit with launch vehicles or rockets for diverse reasons like communication, Earth observation, or scientific research is considered a satellite launch. The uptick in these launches results from a climbing demand for global connectivity, earth monitoring, scientific study, commercial uses, and an amplified curiosity in space exploration. Tracking space debris aids satellite operators and launch providers in spotting and tracing debris that could be a possible crash threat to satellites during take-off and placement. Moreover, the aim of space debris removal initiatives is to diminish the total count of debris in orbit, hence reducing the chances of accidental clashes with functional satellites. For instance, as stated by Jonathan's Space Report, a US-based space program study, a total of 186 international defense-related satellites launched in 2022, an increase from 146 in the previous year. Story doesn't end here, the US endeavored to launch 78 such satellites in 2022, 72 of which succeeded, while China made an attempt to launch 64 satellites in 2022, with 62 successfully reaching orbit. As a result of this surge in satellite launches, the market for space debris monitoring and disposal is witnessing growth.
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What is the projected compound annual growth rate (CAGR) of the space debris monitoring and removal market from 2025 to 2034, and what factors influence it?
Over the past few years, the size of the space debris monitoring and removal market has been on the rise. Projected to surge from $1.21 billion in 2024 to $1.32 billion in 2025 with a compound annual growth rate of 8.9%, this growth has been driven by factors such as increased satellite deployment, collisions among spacecraft, international agreements, risks associated with space assets, sustainability in space, and commercial interests.
The market size of space debris monitoring and removal is predicted to witness substantial growth in the forthcoming years. By 2029, it is anticipated to reach $1.75 billion, growing at a compound annual growth rate (CAGR) of 7.4%. The growth over the forecast period can be credited to ongoing satellite deployment, the swift expansion of mega constellations, the advent of space tourism and commercial space ventures, regulatory changes, and global space governance. Key trends during the forecast period include an escalating demand for space situational awareness, the evolution of satellite constellations, the introduction of automated debris removal technologies, the incorporation of commercial solutions, and swift technological innovation.
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How are the latest trends influencing the growth of the space debris monitoring and removal market?
Leading corporations in the space debris monitoring and removal industry are concentrating on creating inventive solutions like commercial debris inspection demonstration satellites to improve space situational awareness and further sustainable space activities. By demonstrating advanced technologies for monitoring and managing space debris, these satellites contribute to the sustainability of space and the safety of orbital environments. For example, Astroscale Japan Inc., a Japanese aerospace company, in February 2024, launched the first-ever debris inspection spacecraft, ADRAS-J, a global initiative to approach, describe, and scrutinize a large piece of existing space debris safely using Rendezvous and Proximity Operations (RPO) capabilities. ADRAS-J is engineered to connect with a Japanese H2A upper-stage rocket body, carrying out proximity operations and capturing images to study the rocket body's movement and structural state. The mission is set to display the most intricate RPO capabilities necessary for in-orbit services, emphasizing proximity operations, image acquisition, and evaluation of the rocket body's movement and structural health.
What are the major segments of the space debris monitoring and removal market and their role in driving growth?
The space debris monitoring and removal market covered in this report is segmented -
1) By Debris Size Range: 1mm To 1cm Debris Size, 1cm To 10cm Debris Size, Greater Than 10 cm
2) Orbit Type: Low Earth Orbit (LEO), Medium-Earth Orbit (MEO), Geostationary Earth Orbit (GEO)
3) By End User: Commercial, Defense
Subsegments:
1) By 1mm to 1cm Debris Size: Micrometeoroid and Orbital Debris (MMOD) Monitoring, Small Object Tracking and Removal Technologies
2) By 1cm to 10cm Debris Size: Small-Scale Orbital Debris Removal, Laser Ablation for Debris Removal, Tether-based Debris Removal Systems
3) By Greater Than 10 cm Debris Size: Large Object Tracking and Removal, Robotic Capture and De-orbiting Solutions, Net or Harpoon-based Debris Capture Systems
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North America was the largest region in the space debris monitoring and removal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space debris monitoring and removal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the space debris monitoring and removal market?
Major companies operating in the space debris monitoring and removal market are Raytheon Technologies, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Mitsubishi Electric Corporation, Northrop Grumman Corporation, British Aerospace systems, L3Harris Technologies Inc., IHI Corporation, Teledyne Technologies, Thales Alenia Space, Ball Aerospace & Technologies Corp., Maxar Technologies Inc., Japan Aerospace Exploration Agency, The Aerospace Corporation, Kratos Defense & Security Solutions, Occupational Health Branch, Electro Optic Systems Holdings Limited, Rocket Lab Limited, Rüstungs Unternehmen AG, Surrey Satellite Technology Limited, ClearSpace SA, Tethers Unlimited, Kongsberg Satellite Services
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What Is Covered In The Space Debris Monitoring And Removal Global Market Report?
•Market Size Forecast: Examine the space debris monitoring and removal market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the space debris monitoring and removal market for a structured understanding.
•Key Players Overview: Analyze major players in the space debris monitoring and removal market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the space debris monitoring and removal market.
•Segment Contributions: Evaluate how different segments drive overall growth in the space debris monitoring and removal market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the space debris monitoring and removal market.
•Industry Challenges: Identify potential risks and obstacles affecting the space debris monitoring and removal market.
•Competitive Landscape: Review strategic developments in the space debris monitoring and removal market, including expansions, agreements, and new product launches.
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