Global Space debris report from Global Insight Services is the single authoritative source of intelligence on Space debris market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Space debris is any man-made object in orbit around Earth that no longer serves a useful purpose. Debris includes inactive satellites, spent rocket stages, paint flakes, bits of insulation, and all other man-made objects larger than a few centimeters across. The growing presence of space debris poses a serious threat to active satellites and the International Space Station (ISS).
There are two main ways to remove space debris: active removal and passive removal. Active removal involves using a spacecraft to physically capture or push debris out of orbit. Passive removal involves using a spacecraft to act as a “magnet” to attract debris, which then burns up in the atmosphere.
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Market Segments
The space debris monitoring and removal market is segmented by technology type, application, and region. By technology type, the market is classified into space debris removal technology, and space debris monitoring technology. Based on application, it is bifurcated into military, and civil. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global space debris monitoring and removal market includes players such as Airbus S.A.S., Digantara Altius Space Machines Inc., Raytheon Company, Astroscale Holdings Inc., D-Orbit SpA, PAO S.P. Korolev RSC Energia, Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Electro Optic Systems Pty Ltd., and others.
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Key Drivers
The key drivers of space debris monitoring and removal are the increasing amount of space debris, the need to protect active satellites and spacecraft, and the threat to human spaceflight.
The amount of space debris has been increasing exponentially since the start of the Space Age. There are now over 21,000 tracked pieces of space debris larger than 10 cm, and millions of smaller pieces that are not tracked.
The need to protect active satellites and spacecraft from collisions with space debris is a major driver of the space debris monitoring and removal market. Collisions can damage or destroy satellites and can create even more space debris.
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