Space Debris Monitoring And Removal Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Space Debris Monitoring And Removal Industry?
In recent years, the market size for monitoring and removing space debris has seen a robust expansion. An increase from $1.21 billion in 2024 to $1.31 billion in 2025 is forecasted, reflecting a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historic period include satellite proliferation, spacecraft collisions, international accords, threats to space assets, the concern for space sustainability, and commercial interests.

How Will the Space Debris Monitoring And Removal Market Size Evolve From 2025 to 2029?
In the upcoming years, the market size for monitoring and removing space debris is predicted to witness significant growth, expanding to $1.72 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period can be linked to ongoing satellite deployment, mega constellations' rapid expansion, the advent of space tourism and commercial space projects, regulatory innovations, and worldwide space governance. The forecast period will also see rising trends which include a heightened need for space situational awareness, the progress of satellite constellations, the emergence of autonomous debris removal technologies, the instigation of commercial solutions, and rapid technological advancements.

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What Are the Main Growth Drivers in the Space Debris Monitoring And Removal Market Today?
The upswing in satellite launches is projected to spur the development of the market for space debris monitoring and removal. The procedure of satellite launch involves propelling artificial satellites into space through the use of launch vehicles or rockets, intended for various applications including communication, Earth surveillance, and scientific studies. The escalation in satellite launches can be attributed to the growing need for global connectivity, observation of Earth, scientific inquiries, commercial utilizations, and a burgeoning enthusiasm for space exploration. Monitoring of space debris assists satellite operators and launch providers in determining and tracing debris elements that could potentially lead to collisions with satellites during take-off and dispatch. Furthermore, efforts geared towards space debris elimination are intended to diminish the overall quantity of debris in orbit, thus reducing the chances of run-ins with functioning satellites. For example, as per Jonathan's Space Report, a US-based space research analyst, a total of 186 international defense-related satellite launches occurred in 2022, marking an increase from the 146 reported in 2021. Additionally, in 2022, the US sought to launch 78 defense-related satellites, of which 72 were successful, while China endeavored to launch 64 satellites, with 62 successfully entering orbit. Hence, the mounting number of satellite launches is leading the expansion of the market for space debris monitoring and removal.

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Which Space Debris Monitoring And Removal Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Space Debris Monitoring And Removal Industry Growth?
Leading businesses in the space debris monitoring and removal market are turning their attention to the creation of novel solutions such as commercial debris inspection demonstration satellites. Their aim is to improve space situational awareness and facilitate sustainable space operations. These satellites are intended to demonstrate sophisticated technologies for space debris tracking and management, aiding in the safety and sustainability of space. For example, in February 2024, the first-ever debris inspection spacecraft, named ADRAS-J, was launched by Astroscale Japan Inc., an aerospace firm based in Japan. This mission represents the world's first attempt to safely approach, characterize, and scrutinize a massive piece of existing debris using Rendezvous and Proximity Operations (RPO) abilities. ADRAS-J is engineered to link with a Japanese H2A upper-stage rocket body, conduct proximity operations, and capture images to study the rocket body's movement and structural state. The mission is set to display the most intricate RPO abilities necessary for in-orbit services. This mission goes a step beyond by demonstrating critical RPO abilities needed for in-orbit services, including undertaking proximity operations, collecting images, and evaluating the rocket body's movement and structural integrity.

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Which Companies Hold the Largest Market Share in the Space Debris Monitoring And Removal Sector?
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

Where Is the Space Debris Monitoring And Removal Market Experiencing the Highest Growth?
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.

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