Space Debris Removal Market by Debris Size (10mm to 100mm, Greater than 100mm, Less than 10mm), Orbit, Technology, End-User

Description

List of Tables

[185 Pages Report] The Space Debris Removal Market size was estimated at USD 282.04 million in 2023 and expected to reach USD 360.90 million in 2024, at a CAGR 30.10% to reach USD 1,779.94 million by 2030.

Space debris removal refers to the process and methods involved in eliminating or mitigating man-made debris in space, which encompasses defunct satellites, spent rocket stages, and fragments resulting from satellite disintegration or collision. As the orbit around Earth becomes increasingly congested with defunct satellites and fragments, the likelihood of collisions, which can generate even more debris, escalates, posing risks to operational spacecraft, space stations, and satellite communications. Stemming from over six decades of space exploration and satellite launches, the proliferation of space debris has reached a point where it is a significant concern for space navigation and Earth's orbital environment. This issue necessitates proactive measures for debris removal, ensuring the preservation of the operational space environment for future missions. On the other hand, the high cost of technologies and technical and operational complexities pose significant problems in effective space debris removal. However, the ongoing investment from government and private entities looking to develop cost-effective and scalable solutions, the emergence of new and advanced technology solutions, and the design of space debris mitigation technologies into satellites and space components provide considerable growth opportunities in the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 282.04 million
Estimated Year [2024]	USD 360.90 million
Forecast Year [2030]	USD 1,779.94 million
CAGR (%)	30.10%

Debris Size: Innovative approaches for space debris removal depending on debris size

Space debris of less than 10mm in size, also called 'small debris,' primarily consists of paint flecks, metal fragments, or solid rocket motor exhaust products that travel at high velocities, making them capable of causing significant damage upon impact with spacecraft or satellites. Clearance of small particles revolves around general debris reduction strategies such as shielding that significantly protects against small debris. Debris within the 10mm to 100mm size bracket, or 'medium-sized' debris, includes objects such as bolts, spring fragments, and small mechanical parts. Active removal strategies are being developed for this class of debris, with proposed solutions including nets, harpoons, and robotic arms to capture and dispose of the debris for effective space debris removal.

Large debris, defined as being greater than 100mm, consists of defunct satellites, used rocket stages, and larger fragments from spacecraft disintegration. Space surveillance networks regularly track debris. The large debris greater than 100mm in size facilitates removal via various ADR methods such as robotic capture, netting, ropes, and directed energy systems.

Orbit: Significant debris removal activities in medium earth orbit

Low Earth Orbit encompasses altitudes from about 160 to 2,000 kilometers above the Earth's surface. The congestion in LEO has resulted in a high risk of collision, generating space debris that poses threats to functional spacecraft and future space missions. Advances in debris capture technology, such as nets, harpoons, or robotic arms, are increasingly adopted in low earth orbit. Medium Earth Orbit (MEO) ranges from approximately 2,000 to 35,786 kilometers above the Earth and is primarily utilized for navigation satellite systems such as GPS, GLONASS, Galileo, and BeiDou. Space debris removal from MEO is essential for the integrity of global navigation systems. Removal strategies in MEO focus more on preventing future debris through mission planning and using on-board propulsion systems for deorbiting, as the natural forces for orbital decay are weaker compared to LEO. The Geostationary Equatorial Orbit (GEO)is circular, roughly 35,786 kilometers above the Earth's equator in the direction of the Earth's rotation. Space debris in GEO poses a long-term danger due to the lack of natural orbital decay for communications and meteorological satellites. Geostationary debris removal may entail high precision and station-keeping capabilities to avoid disrupting the operational satellites in this strategically important band.

Technique: Ongoing advancements in space debris removal techniques

Robotic arms offer a direct approach to debris removal by capturing and redirecting objects. This method involves a spacecraft equipped with robotic manipulators that physically grapple and secure pieces of debris. The robotic arms technique requires proximity operations and complex guidance, navigation, and control systems to safely approach and secure the debris. Harpoons and nets are contact methods designed for capturing and removing debris. Harpoons use a tethered projectile to pierce and secure debris for retrieval or disposal, enabling the removal of large and uncooperative objects. Nets are deployed to trap debris, allowing for the collection of multiple pieces or larger, tumbling targets. Laser Deorbit Systems, or laser brooms, involve ground-based or space-based lasers directed toward debris. The primary advantage of laser deorbit systems is their contactless nature, minimizing the risk of creating additional debris. Drag sail systems increase the surface area of space debris, thereby enhancing atmospheric drag. Drag sail systems are particularly suited for low Earth orbit, where the residual atmosphere facilitates orbital decay. Sails can be integrated into satellite designs for end-of-life deorbiting or deployed from a chase vehicle to attach to existing debris. The electrodynamic tether system leverages Lorentz forces developed in a long conductive tether moving through the Earth's magnetic field. When a current is induced along the tether, it interacts with the magnetic field to produce a force that can deorbit the debris. This technology allows for propellantless thrust generation and is adaptable to varying sizes of debris. The ion beam shepherd concept uses a spacecraft to direct a beam of ions to track debris fragments. The advantage of this method lies in its non-contact approach, which minimizes the risk of physical collision.

End-User: Robust research and development in debris removal technologies by Government entities

Commercial end-users in the space debris removal industry include satellite operators, space station operators, and other private companies with assets in space. As space becomes more congested, the risk of collisions increases, leading to potential damage or loss of assets and disruption of services. Commercial entities are, therefore, increasingly interested in ensuring the sustainability of space operations. Investment in debris removal technologies can be seen as a form of protecting their assets and services, ensuring operational continuity, and reducing liability risks. Government end-users comprise national space agencies, defense departments, and other regulatory bodies involved in space operations. The government's interest in space debris removal is multifaceted, encompassing concerns about national security, scientific research, and maintaining the orbital environment for future generations. Additionally, governments have a vested interest in setting and enforcing space traffic management regulations, necessitating capabilities for debris removal.

Regional Insights

The market for space debris removal in the Americas is currently characterized by significant investment in research and development, particularly in the United States, which houses significant industry players. Region's growth is driven by prominent space agencies, including the National Aeronautics and Space Administration (NASA), which is vested in maintaining the viability of key satellite orbits and the safety of crewed missions. Policy frameworks and collaborations between public and private entities support the development of debris mitigation technologies in the region. In APAC, the space debris removal market is burgeoning, with emerging space nations such as China and India increasingly advocating for debris mitigation initiatives amid their growing satellite programs. National space policies have begun to reflect a recognition of the hazards posed by space debris, propelling funding and partnerships directed toward remediation technologies. EMEA's approach to space debris removal is heavily influenced by regional advancement and collaborative efforts, especially in Europe, where the European Space Agency (ESA) spearheads numerous initiatives, including the ADRIOS mission to demonstrate debris removal. Europe's established aerospace industry fosters innovation and development in removal technologies and services. The Middle East and Africa regions show potential for contributions to the debris removal market as countries, including the UAE, engage in space exploration and demonstrate a growing commitment to space sustainability.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Space Debris Removal Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Space Debris Removal Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Space Debris Removal Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Altius Space Machines by Voyager Space Holdings, Astroscale Holdings Inc., BAE Systems PLC, ClearSpace SA, Electro Optic Systems, Exodus Space Systems, Fujitsu Limited, Infinite Orbits SAS, Kall Morris Incorporated, Lockheed Martin Corporation, Maxar Technologies Holdings Inc., Neuraspace Lda., Northrop Grumman Corporation, Obruta Space Solutions Corp., OrbitGuardians, PIAP Space sp.z o.o., Redwire Corporation, Rocket Lab USA, Inc., Rogue Space Systems, RTX Corporation, SIMBA Chain, SKY Perfect JSAT Holdings Inc., Skyrora Limited, Solstorm.io., Starfish Space, Tethers Unlimited, Inc., Thales Group, The Aerospace Corporation, Turion Space, and Vyoma GmbH.

Market Segmentation & Coverage

This research report categorizes the Space Debris Removal Market to forecast the revenues and analyze trends in each of the following sub-markets:

Debris Size
- 10mm to 100mm
- Greater than 100mm
- Less than 10mm

Orbit
- Geostationary Equatorial Orbit
- Low Earth Orbit
- Medium Earth Orbit

Technology
- Drag Sail Systems
- Electrodynamic Tether
- Harpoons & Nets
- Ion Beam Shepherd
- Laser Deorbit Systems
- Robotic Arms

End-User
- Commercial
- Government

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Space Debris Removal Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Space Debris Removal Market?

3. What are the technology trends and regulatory frameworks in the Space Debris Removal Market?

4. What is the market share of the leading vendors in the Space Debris Removal Market?

5. Which modes and strategic moves are suitable for entering the Space Debris Removal Market?

Product Code: MRR-894699F5EBCE

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing space exploration activities across economies
  - 5.1.1.2. Growing awareness regarding space debris among end users
  - 5.1.1.3. Increasing introduction of government projects and initiatives for space debris removal
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with techniques and tools used space debris removal
- 5.1.3. Opportunities
  - 5.1.3.1. Improvements and developments in space debris removal technologies
  - 5.1.3.2. Increasing collaborations between market players and government agencies in projects
- 5.1.4. Challenges
  - 5.1.4.1. Problems associated with data management and limited regulatory frameworks
5.2. Market Segmentation Analysis
- 5.2.1. Debris Size: Innovative approaches for space debris removal depending on debris size
- 5.2.2. Orbit: Significant debris removal activities in medium earth orbit
- 5.2.3. Technique: Ongoing advancements in space debris removal techniques
- 5.2.4. End-User: Robust research and development in debris removal technologies by Government entities
5.3. Market Trend Analysis
- 5.3.1. Significantly growth potential for space debris removal activities backed by large scale R&D activities and government support
- 5.3.2. Strong technological advancements in space debris removal methods backed by government fundings and emerging startup ecosystem to enhance the market development in the Asia-Pacific
- 5.3.3. European government space agencies are investing heavily in research & development activities in space debris removal fostering sustainability in space
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Space Debris Removal Market, by Debris Size

6.1. Introduction
6.2. 10mm to 100mm
6.3. Greater than 100mm
6.4. Less than 10mm

7. Space Debris Removal Market, by Orbit

7.1. Introduction
7.2. Geostationary Equatorial Orbit
7.3. Low Earth Orbit
7.4. Medium Earth Orbit

8. Space Debris Removal Market, by Technology

8.1. Introduction
8.2. Drag Sail Systems
8.3. Electrodynamic Tether
8.4. Harpoons & Nets
8.5. Ion Beam Shepherd
8.6. Laser Deorbit Systems
8.7. Robotic Arms

9. Space Debris Removal Market, by End-User

9.1. Introduction
9.2. Commercial
9.3. Government

10. Americas Space Debris Removal Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Space Debris Removal Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Space Debris Removal Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Airbus' Patented "Detumbler" to Tackle in-Orbit Debris
- 13.3.2. EOS Space Systems and EX-Fusion Sign Memorandum of Understanding to Tackle Space Debris Challenge
- 13.3.3. Astroscale Completed the System Requirements Review Ahead of the UK National Mission to Remove Space Debris
- 13.3.4. Starfish Space wins NASA contract to plan demonstration of orbital debris inspection
- 13.3.5. FAA Proposes Rule to Reduce Space Debris As Spacex Launches 22 Satellites Into Orbit
- 13.3.6. TransAstra Claims NASA Contract for Debris Capture Bag
- 13.3.7. Kall Morris Wins USAF Debris Removal Contract
- 13.3.8. Safran Invests in Vyoma, a Startup Specializing in Space Debris Monitoring
- 13.3.9. Swiss Company Selects Arianespace to Launch First Space Debris Removal Mission
- 13.3.10. Astroscale Raises U.S. USD 76 Million, Continuing to Lead the Growing On-Orbit Servicing Sector
- 13.3.11. ClearSpace raises EUR 26 million to cleanup space in a Series A round led by OTB Ventures and Swisscom Ventures
- 13.3.12. New Analysis System Plays A Key Role In Jaxa's "Space Situational Awareness System"
- 13.3.13. Neuraspace raises EUR 2.5 million to prevent satellite collisions

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio