The “Active Space Debris Removal Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Active Space Debris Removal Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global active space debris removal market size is forecast to reach US$ 463.51 million by 2030, growing at a compound annual growth rate (CAGR) of 24.3% during the forecast period from 2022 to 2030.
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Active debris removal is the external disposal of out-of-service spacecraft (satellites and rockets) or spacecraft parts that have broken off satellites and rockets. De-orbiting safely, entering cemetery orbits, or completely destroying the debris are all considered disposal methods.
Factors Influencing Market Growth
The rising amount of space debris, increasing investment in space tourism, and stringent rules from international associations drive the global market.
The growing risk of future satellite mega-constellations and less market competition fuels the global market growth.
The increased costs associated with R&D of the system and shortage of required infrastructure may slow down the overall market growth.
The improvement of satellite features and its launch by various space agencies is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This led to a harsh plunge in production. In addition, the scarcity of adequate labor and raw materials impacted the industry trends.
However, as the space sectors recover with decreasing COVID-19 cases worldwide, the consumption of space debris will increase. In addition, the increasing R&D activities in the space sector will grow the demand for the product during the forecast period.
Regional Analysis
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the presence of the leading competitors favorably committed to designing and providing advanced materials for space applications. In addition, the continued technological improvement will boost the market growth in the region.
Europe is forecast to have considerable growth during the forecast period. As a result of the existence of well-known agencies such as the European Space Agency (ESA) and other space-related administrations. In addition, growing restrictions from various international space agencies.
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Leading Competitors
The leading prominent companies profiled in the global active space debris removal market are:
Altius Space
Exodus Space Solutions
Northrop Grumman Corporation
Tethers Unlimited, Inc.
Airbus
Surrey Satellite Technologies Limited
ClearSpace
D-Orbit SpA
Ariane Group
Astroscale
Electro-Optic Systems
ExoAnalytic Solutions
ISRO
Aryabhata Research Institute of Observational Sciences
Electro-Optic Systems Ltd
Infinite Orbits
Lockheed Martin Corporation
SKY Perfect JSAT Corporation
Other Prominent Players
Scope of the Report
The global active space debris removal market segmentation focuses on Debris, Orbit Type, Product, Mode of Operation, Level of Autonomy, and Region.
Segmentation based on Debris
1mm-10mm
10mm-100mm
Greater than 100mm
Segmentation based on Orbit Type
Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Geostationary Orbit (GEO)
Segmentation based on Product
Removal Technique
o Robotic Arm
o Tethers
o Nets
o Harpoons
Contactless Method
o Ion-beam Shepherd
o Lasers
Segmentation based on Mode of Operation
Single Point
Distributed
Segmentation based on Level of Autonomy
Ground Control
Predefined
Adaptive
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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