Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3928036

Active Space Debris Removal Market Size, Share, Growth & Demand Analysis Report By Debris Size (1mm-10mm, 10mm-100mm, Greater than 100mm) By Product Type (Contact Less Method; Ion-beam Shepherd, Lasers) (Removal Technique; Robotic Arm, Tethers, Nets, Harpoons) By Orbit Type (Low Earth Orbit, Medium Earth Orbit, Geostationary Orbit) Forecast Report By 2022-2030

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Market Introduction:

The Global Active Space Debris Removal Market size was valued at USD 26.50 million in 2021 and is projected to reach a value of USD 452.65 million by 2030, at a Compound Annual Growth Rate (CAGR) of 23.9% over the forecast period (2022-2030).

Space debris poses a worldwide threat to the continued use of space-based technologies that support critical functions such as weather and climate monitoring, transportation, communication, and remote sensing. The actual amount of space debris is said to be between 500,000 and one million pieces because current sensor technology cannot detect smaller objects. They all travel at 17,500 mph (28,162 kmph) so fast that a relatively small piece of orbital debris can damage a spacecraft or satellite.

Space junk is spoiled for many reasons. When rockets are launched, some of the rocket "stages" separate from the main body of the ship. It explodes and breaks into many pieces. This is one reason for the increasing amount of junk. As space junk grows, there can be a snowball effect. If more debris is traveling through space at thousands of miles per hour and it hits another object, the result could be more debris and more junk.

What are the Global Active Space Debris Removal Market Drivers?

The active space debris removal market has grown in importance over the past few years. This is due to the growing debris threat to space assets. Many government agencies and non-profit organizations and associations have begun to develop policies and regulations to prevent companies from raising debris in orbit.

Rapid growth in demand for communications and network-based services around the world has encouraged space launches over the past few years.

What are the Global Active Space Debris Removal Market Restraints:

However, most of the criteria are limited to the monitoring aspect of space debris. The debris removal norms have not been specified or formulated by the major agencies and governing bodies. This may hinder the growth of the space debris monitoring and removal market during the forecast period.

To address these space debris issues, researchers around the world have proposed Orbital Use Fee Agreements to prevent future space debris.

Active Space Debris Removal Market Top Companies Profiles:

  • Altius Space
  • Exodus Space Solutions
  • Airbus
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Tethers Unlimited, Inc.
  • Surrey Satellite Technologies Limited
  • Ariane Group
  • Astroscale
  • ClearSpace
  • D-Orbit SpA
  • Electro-Optic Systems
  • Aryabhata Research Institute of Observational Sciences
  • Electro-Optic Systems Ltd
  • ExoAnalytic Solutions
  • ISRO
  • Infinite Orbits
  • SKY Perfect JSAT Corporation

Global Active Space Debris Removal Market Segmentation:

The global active space debris removal market is segmented by debris size, orbit type, product, mode of operation, end-use, and region.

By Debris Size:

  • 1mm-10mm
  • 10mm-100mm
  • Greater than 100mm

By Product Type:

Contact Less Method

  • Ion-beam Shepherd
  • Lasers

Removal Technique

  • Robotic Arm
  • Tethers
  • Nets
  • Harpoons

By Orbit Type:

  • Low Earth Orbit (LEO)
  • Medium Earth Orbit (MEO)
  • Geostationary Orbit (GEO)

By Mode of Operation:

  • Single Point
  • Distributed

Orbit Type Segment Analysis

The Low Earth Orbit (LEO) segment is expected to grow at a high CAGR during the forecast period. This growth is attributed to the increasing interest of players in launching communications satellites in LEO over the coming years. SpaceX plans to provide Internet service around the world over the next five years. Low Earth orbit is a very densely packed orbit with small debris. Thus, the market share for removing particles and dead satellites from this orbit is massive; next comes the Geosynchronous Equatorial Orbit, and finally the Middle Earth Orbit. Each orbit helps provide services, and the number of satellites launched into those orbits plays a significant role. For low Earth orbit satellites, the cost associated with removing the article of debris is low and increases as they move up.

Regional Analysis by Market Business Insights:

The global active space debris removal market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

The North America market is projected to continue its dominance during the forecast period, 2022-2030. With the largest number of satellites from the region, particularly the U.S., the Space Liability Convention explicitly states that the United States responsible for the launch of the satellite shall be liable for any damage caused by the space component. In addition, the presence of major space organizations such as Northrop Grumman Corporation, Altius Space, and The Boeing Company boost the growth of the active space debris removal market in North America.

  • North America (United States, Canada)
  • Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
  • Europe (U.K., Germany, Spain, France, Italy, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Denmark, Sweden, Norway, Finland), Russia, Poland, Rest of Europe)
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, Bahrain, Kuwait, UAE, Qatar, Oman), South Africa, North Africa, Rest of the Middle East and Africa)
  • Asia-Pacific (China, South Korea, India, Japan, Malaysia, Hong Kong, Australia, Indonesia, Taiwan, New Zealand, Rest of Asia-Pacific)

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