Space Debris Monitoring And Removal Market Poised to Hit $1.75 Billion by 2029 with Accelerating Growth Trends

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

Space Debris Monitoring And Removal Market Size Growth Forecast: What to Expect by 2025?
The market size for monitoring and removal of space debris has seen a significant increase in past years. The market is projected to flourish from a valuation of $1.21 billion in 2024 to $1.32 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. Factors such as the abundance of satellites, spacecraft collisions, international treaties, risks to space assets, sustainability in space, and commercial interests can provide reasons for the historic periods growth.

How Will the Space Debris Monitoring And Removal Market Size Evolve and Grow by 2029?
In the coming years, we anticipate significant expansion in the market for space debris monitoring and removal. The market's value will rise to $1.75 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth in the projected timeframe include the ongoing deployment of satellites, the swift proliferation of mega constellations, advancements in space tourism and commercial space endeavors, legislative progress, and global space governance. Key trends for the forecast period encompass a growing need for space situational awareness, the formation of satellite constellations, the advent of automated waste eradication technologies, the inclusion of commercial solutions, and swift innovation in technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/space-debris-monitoring-and-removal-global-market-report

What Drivers Are Propelling the Growth of Space Debris Monitoring And Removal Market Forward?
The surge in satellite launches is anticipated to fuel the expansion of the space debris monitoring and removal market in the future. Satellites are artificially placed in space using rockets or launch vehicles for a range of reasons, such as communication, earth observation, and scientific study. The escalating number of such launches is attributed to the rising demand for global connectivity, earth surveillance, scientific investigation, commercial use, and increasing curiosity about space exploration. The purpose of space debris monitoring is to allow satellite operators and launch suppliers to spot and monitor any possible debris objects that might pose a threat to satellites during launch and deployment. Moreover, the removal of space debris serves to decrease the density of debris in orbit, subsequently reducing any chance of collisions with functional satellites. For example, in January 2023, according to Jonathan's Space Report, a researcher of US-based space programs documented 186 international space launches involving defense-related satellites in 2022, in contrast to 146 the previous year. The US undertook 78 attempts to launch such satellites in 2022, with 72 succeeding, while China aimed to launch 64 satellites, 62 of which successfully entered orbit in 2022. As a result, the growing number of satellite launches is propelling the space debris monitoring and removal market forward.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14504&type=smp

Which Emerging Trends Are Transforming the Space Debris Monitoring And Removal Market in 2025?
Major corporations in the field of space debris monitoring and elimination are concentrating on creating novel solutions like commercial debris inspection demonstration satellites for improved space situational awareness and fostering sustainable space proceedings. These satellites serve to demonstrate cutting-edge technologies for monitoring and managing space waste, thereby promoting space sustainability and safer orbital environments. For example, Astroscale Japan Inc., a renowned aerospace company based in Japan, inaugurated ADRAS-J, the world's first debris inspection spacecraft, in February 2024. The ADRAS-J mission signifies the world's inaugural effort to approach, characterize, and scrutinize an existing large piece of debris safely using Rendezvous and Proximity Operations (RPO) capabilities. ADRAS-J has been engineered to engage with a Japanese H2A upper-stage rocket body, carry out proximity operations, and collate pictures in order to study the rocket body's motion and structural health. The mission is set to exhibit very advanced RPO capabilities necessary for on-orbit services and validate difficult RPO capabilities needed for on-orbit services by presenting proximity operations, collecting pictures, and evaluating the rocket body's motion and structural strength.

What Are the Key Segments in the Space Debris Monitoring And Removal Market?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14504&type=smp

Who Are the Key Players Shaping the Space Debris Monitoring And Removal Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Space Debris Monitoring And Removal Market?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14504

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.