Global Active Space Debris Removal Market to Grow at a (CAGR) of 23.9% during the Forecast Period 2022-2030

Sep-2022 | Aerospace & Defense

As specified in our exclusive report, the Global  Active Space Debris Removal Market size is projected to reach USD 452.65 million by 2030.

According to the European Space Agency (ESA), there have been more than 5,000 launches into space since the late 1950s, with about 9,000 satellites. About 5,000 are still in space but less than 2,000 are actually functional. ESA said a particularly large incident occurred in 2009, when two satellites collided with each other, resulting in 2,300 trackable fragments.

The second major problem is the countries launching anti-satellite missiles. For example, in 2007, China blew up one of its own missiles, increasing the size of the trackable debris by 25% in that one incident. As space junk grows, the snowball effect can occur. If more debris is traveling in space at thousands of miles per hour and it collides with another object, it could result in more splashes and more junk.

There are many risks associated with space junk. The first is that this debris can collide with a spacecraft carrying humans or even the International Space Station. Another risk is satellites colliding with each other. And finally, the ESA warns that large space debris that "re-enters the atmosphere in an uncontrolled way can reach the ground and pose a risk to populations on the ground."

Governmental Action to Exclusively Engage in Debris Removal:

The complexity of the task associated with removing orbital debris points to either government space agencies or a new international intergovernmental agency being established under a new global treaty regime to accomplish this daunting feat.

Many Challenges Include

The vast amount of orbital debris has now formed in low, medium, and geostationary orbits. The complexity of the mission required removing space debris from orbit without creating a collision and more debris.

What are the Opportunities of the Active Space Debris Removal Market?

A mega constellation is a group of networked satellites that usually orbit the Earth at an altitude of less than 2000 km. Mega-constellations are used for various purposes, such as telecommunications, navigation, and remote sensing. With plans to launch hundreds to thousands of satellites for global telecommunications solutions, the indirect and direct effects of space debris and inactive satellites on mega-constellations will provide a huge opportunity for companies to develop active space debris removal techniques.

The technologies that will tackle the problem in the future are:

NASA's space debris sensor orbits Earth on the International Space Station: - The sensor was attached to the outside of the space station's European Columbus module in December 2017. It will track millimeter-sized pieces of debris for at least two years and provide information on anything from size, density, velocity, orbit, and inclination. Determine whether the impacting object is from space or a man-made piece of space debris.

In order to safeguard its space assets from space debris, ISRO set up a dedicated Space Situational Awareness (SSA) control center named "NETRA" in Bengaluru in 2021 December.

The main objective of NETRA is to monitor, track and protect national space assets and act as a hub for all SSA activities. Only the US, Russia, and Europe have similar facilities to track space objects and share collision warnings.

Which region holds the largest share?

The North America region is anticipated to dominate the active space debris removal market by 2030 with a share of 60.31%. In the North America region and Canada, the US is projected to gain a larger share in 2030 due to rising investment from companies in the country.

Development of the Market:

March 2021: There was a joint agreement between NASA and SpaceX to formalize the exchange of information to maintain and improve space security in the near future. Under this agreement, combination and launch collision avoidance between a large group of NASA spacecraft and SpaceX Starlink satellites.

April 2021: Northrop Grumman Corporation launched its Mission Extension Vehicle 2, a robotic spacecraft designed to help prolong the lives of satellites in space. The mission is designed to remove space junk from the year 2025.

Nov 2021: Astroscale announced that it raised US$109 million from European and Japanese investors in a round that will allow it to accelerate plans for active debris removal and satellite servicing.

Some of the key players in the active space debris removal market are:

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.

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