Space Debris Removal Market

Report Code AS 8865
Published in Nov, 2023, By MarketsandMarkets™
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Space Debris Removal Market by Technique (Direct Debris Removal, Indirect Debris Removal), Orbit (LEO, MEO, GEO), Debris Size (1mm to 10mm, 10mm to 100mm, Greater than 100mm), End User, Operation and Region - Global Forecast to 2028

Overview

The Space Debris Removal Market is projected to grow from USD 0.1 billion in 2023 to USD 0.6 billion by 2028, growing at a CAGR of 41.7 % from 2023 to 2028. The space debris removal market involves the advent of technologies and services that eliminate debris from Earth's orbit to operate satellites and spacecraft safely. The market for debris removal is pushed by the increasing density of debris, which threatens the protection of operational satellites and space missions. The growing number of satellite constellations, especially because of the growing demand for broadband and telecommunications services around the globe, increases the potential for collisions. The pressures of regulations and worldwide agreements being signed by space-faring international countries and businesses to promote sustainable operations in space is creating a driving need to develop debris removal solutions. This driving need is stimulated by using advances in technology in robotics, laser systems, or launching active debris capture devices that make debris elimination more inexpensive.

Attractive Opportunities in the Space Debris Removal Market

NORTH AMERICA:

The North America market is expected to have the highest CAGR. The growth in this market is due to increasing need for space sustainability and increasing debris density.

Market growth can be attributed to the increasing demand for debris removal services and deorbiting systems which drives the market.

By orbit, the LEO segment of the space debris removal market is expected to reach USD 0.5 billion by 2028, growing at a CAGR of 41.9% from 2023 to 2028.

New product launches and contracts are expected to offer lucrative opportunities to market players in the next five years.

The market growth in Europe can be attributed to significant investments in R&D activities and the technological advancements taking place in space industry.

Global Space Debris Removal Market Dynamics

Driver: Growing government initiatives

Government initiatives are instrumental in propelling the growth of the space debris removal market. The increasing menace of space debris to operational satellites and spacecraft has prompted governments worldwide to acknowledge the urgency of tackling this challenge. Consequently, they are actively providing financial support and policy frameworks to facilitate space debris removal projects, thereby creating a conducive environment for industry expansion. Government support manifests through substantial investments in research and development, innovative debris removal technologies, and the execution of removal missions. Simultaneously, regulatory frameworks are being established to streamline the coordination of space debris removal endeavours, both domestically and on an international scale. This governmental endorsement not only stimulates innovation but also lends credibility and legitimacy to the industry, encouraging private-sector enterprises to invest in and develop commercial space debris removal solutions. This collaborative approach between the public and private sectors fosters growth and innovation, reinforcing the space debris removal market's potential for expansion and establishing it as a promising sector within the space industry. In September 2022, the UK Space Agency disclosed the allocation of two-Phase B demonstration contracts for active debris removal (ADR) to ClearSpace and Astroscale. The awarded contracts hold a value of £2.25 million ($2.4 million) for ClearSpace and £1.7 million ($1.8 million) for Astroscale.Driver: Rise in satellite launches and increasing space junkThe market for space debris removal is mostly driven by the increasing satellite deployment and the associated growth in space debris volume. The number of satellites put into orbit has been steadily increasing because of the growing demand for satellite services throughout the world. The operational satellites and missions are more at risk from space debris as the number of launches rises.This growing challenge of space debris underlines the increasing need for efficient removal solutions. Satellite operators and space organizations, for example, believe that their most valuable assets are in orbit and must be protected. One of the most pressing issues about debris is the danger of collisions with operational satellites. This need has driven the market for space debris removal because of the considerable interest and financing that the public and private sectors have demonstrated in the industry's development. This can be seen in the R&D activities of advanced technologies for removal, innovative techniques, and methods for removal, and the actual execution of the removal missions. Based on the statistic compilation of the launch in 2022 by NASA's Space Launch Report, in all, 180 orbital launches were conducted in 2022.

Restraints: The absence of established regulatory standards for space debris removal

The absence of well-defined regulations is a significant challenge for the space debris removal market. Currently, the rules governing space activities are a complex mix of international agreements and national laws. This lack of clear and specific regulations tailored to space debris removal creates uncertainty, hindering market growth. One pressing issue is the lack of clarity regarding liability. When space debris is removed, there is a risk of unintentional damage or consequences. Determining who is responsible and accountable for such events, as well as the dispute resolution process, remains uncertain. This legal ambiguity discourages both private and public entities from investing in space debris removal projects as they seek legal clarity about their actions. Additionally, the absence of a unified regulatory framework hinders international cooperation. Effective collaboration in space debris removal requires shared guidelines and standards. Without such a framework, coordinating removal missions between different countries and organizations becomes less efficient.Restraints: High cost and funding requirementThe process of debris removal is expensive due to specialized equipment, highly trained labour, and advanced technology. R&D is the first step of this process, where advanced methods for debris removal are developed and tested. Once these technologies are created, careful planning is required for their launch into space which involves multiple launch vehicles as well as spacecraft, leading to increased costs.In addition to this, operational expenditures incurred from satellite monitoring, mission control and space traffic management add burden to the budget. In addition, complex insurance issues, legal problems, and regulatory requirements can raise the total cost of missions in space significantly due to their complexity as well as the dangers that accompany them. Therefore, governments and private companies may lack the resources necessary to fund removal operations. Moreover, competition for funds from other space-related programs and limited budgets do exist.

 

Opportunities: Opportunity for robotic Service Providers in the space debris removal market

The space debris removal market presents a valuable opportunity for companies that specialize in robotics systems. These systems play a crucial role in capturing and managing space debris during removal missions. Robotics providers can develop and offer advanced solutions, such as robotic arms, autonomous navigation, and artificial intelligence algorithms, designed to enhance the efficiency and precision of debris removal operations.Space is a challenging environment with unique conditions, and robotic systems must perform reliably in remote and harsh circumstances. Robotics system providers have the chance to adapt and create technologies tailored to the specific demands of space debris removal. Moreover, the space debris removal market encourages innovation in robotics, providing a platform for companies to develop cutting-edge systems. As the market expands, it opens doors for potential collaborations with space agencies, commercial space ventures, and international organizations.

Challenges: Lack of debris data management a challenge for space industry

A significant obstacle in the space debris removal market is the accurate tracking and data management of space debris. Dealing with the vast and ever-changing population of objects in space presents a complex challenge for industry players, space agencies, and governments. First, it's crucial to precisely identify and track space debris for effective removal efforts. This means knowing exactly where each piece of debris is, where it's headed, and what it's like. However, given the large number of debris pieces, each with its own size and shape, this task is quite formidable. Second, having complete and up-to-date data on all space debris is an ongoing challenge. Many small and hard-to-track objects often go unrecorded, leaving gaps in our knowledge about the debris situation. Accurate data is vital for assessing collision risks and deciding which debris to remove first. Third, sharing debris data and coordinating with other countries can be complicated due to security and national interests. Collaborative efforts require openness and information exchange, which can be hampered by political and strategic concerns. As of July 2023, there are over 128 million pieces of debris smaller than 1 cm, and approximately 800,000 pieces between 1 and 10 cm. Apart from this there are millions of tiny debris pieces which can not be tracked generally smaller than 1mm and can cause damage to satellites.Challenges: Risk mitigating during debris removal operationsThe space debris removal operations has significant problems in ensuring both sustainability and effective risk mitigation. These difficulties result from the requirement to remove space junk without causing new issues. Sustainability is the first and most important consideration. The process of removing space debris can potentially generate smaller fragments or trigger a collisional cascade, worsening the overall debris problem. Developing plans and tools that stop new debris from being created is essential to achieving sustainability in the removal of debris. This emphasizes the need of implementing careful and responsible removal procedures.Risk mitigation is a critical aspect. Space debris removal missions inherently carry risks, including the possibility of collisions and accidents during capture and disposal. Ensuring that removal efforts do not inadvertently pose threats to operational satellites and spacecraft in close proximity is challenging. It requires a thorough and all-encompassing risk assessment and management strategy.

Global Space Debris Removal Market Ecosystem Analysis

Based on the technique, the direct debris removal segment is estimated to lead the space debris removal market in 2023 Based on the technique, the space debris removal market has been segmented broadly into direct debris removal and indirect debris removal. Here direct debris removal is leading this segment in 2023. The surge in space debris threats is propelling the demand for direct debris removal techniques. Satellite collisions pose significant risks to operational spacecraft and satellite constellations, urging the need for active removal solutions. As the number of satellites increases, mitigating collision risks becomes critical. These techniques, designed for precise debris capture, cater to the pressing need for proactive measures, ensuring a safer orbital environment and safeguarding valuable space assets.

 

Based on the orbit, LEO segment is estimated to lead the space debris removal market in 2023.

Based on orbit, the space debris removal market has been segmented into LEO, MEO and GEO. LEO orbit is expected to lead the market in 2023. Increasing satellite constellations and commercial activity in Low Earth Orbit (LEO) are boosting the demand for space debris removal. With more satellites in LEO, the risk of collisions with debris rises. Protecting these valuable assets is crucial, driving the need for precise debris removal methods tailored to LEO. Developing effective technologies for this orbit is vital to safeguard operational satellites and ensure the reliability of LEO-based services. This heightened demand arises from the urgency to maintain satellite functionality and secure the long-term sustainability of LEO activities.

Based on the end user, the government segment dominates the market & is projected to witness the largest share in 2023.

Based on the end user, the space debris removal market has been segmented into Commercial and Government. The government sector seems to dominate the market in 2023. The government end user segment in space debris removal is driven by the imperative to secure national and strategic interests in space. Governments worldwide rely on satellites for defense, communication, and surveillance purposes. Protecting these critical assets from potential collisions with space debris is paramount for national security and continuity of services. Governments invest in advanced space debris removal technologies to mitigate risks, ensuring the resilience of their satellite constellations and preserving their capabilities in space. Safeguarding these assets aligns with governmental agendas aimed at ensuring uninterrupted operations and maintaining a competitive edge in the global space arena.Based on the operation, single technique to dominate this segment and is estimated to account for the larger share of the space debris removal market in 2023Based on the operation, the space debris removal market has been segmented into single technique and multiple technique. The single technique segment to dominate the space debris removal market in 2023. The upsurge in satellite launches has propelled the demand for specialized single technique operations in space debris removal. Single technique operations, like using harpoons, nets, or robotic arms, offer focused and efficient methods to capture and remove debris. Also deorbiting systems like drag sail dispose of the satellites after end of its mission. With an increasing amount of debris threatening operational satellites, there's a pressing need for targeted solutions. These specialized techniques cater to the urgency for precise and reliable debris removal, ensuring the safety and sustainability of space activities.

Europe Region holds the Largest Share of the Space Debris Removal Market

Based on region, the space debris removal market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Europe region seems to dominate the market in 2023. The European region's drive for space debris removal stems from its robust space industry and commitment to sustainability. With prominent space agencies and leading aerospace technology, Europe faces the challenge of safeguarding its space assets. The region's increasing reliance on satellites for navigation, communication, and scientific endeavors accentuates the need to mitigate space debris threats. Europe's emphasis on sustainable space practices aligns with its vision for secure and uninterrupted satellite operations. This impetus propels the development of advanced debris removal technologies, positioning Europe at the forefront of mitigating risks and ensuring the longevity of its space-based activities.

 
 

Recent Developments of Space Debris Removal Market industry

  • In October 2023, Astroscale Japan has been selected by Japan Ministry of Education, Culture, Sports, Science and Technology (“MEXT”) to inspect and remove a non-operational satellite. It consists of 3 phases of which the first phase is to send a spacecraft and monitor and track the debris for which it has granted 18 million. The total value of the contract is USD 80 million. In August 2023, Trans Astronautica Corporation. announced that it has received a contract from NASA to build an develop an orbital debris removal capture bag. Under this Trans Astronautica Corporation. will build and demonstrate the product.
  • In September 2022, the UK Space Agency granted ClearSpace a significant contract for the design phase of the CLEAR Mission. ClearSpace has secured a contract worth £2.2 million from the UKSA to proceed to the next mission phase. This design phase, scheduled until October 2023, will culminate in a preliminary design review, assessing design progress and the technical suitability of the proposed mission. In September 2022, Kall Morris Incorporated a leading firm in orbital debris research and solution development, has secured three research contracts totaling $750,000 from the United States Space Force (USSF) through the Air Force Research Laboratory (AFRL). These contracts, part of the USSF SpaceWERX Small Business Technology Transfer (STTR) Phase I projects, align with the Orbital Prime initiative, focusing on the emerging market of In-space Servicing, Assembly, and Manufacturing (ISAM).

Key Market Players

Key Players in the Space Debris Removal Market Include

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Scope of the Report

Report Attribute Details
Estimated Value USD 0.1 billion in 2023
Projected Value USD 0.6 billion by 2028
Growth Rate CAGR of 41.7%
Market size available for years 2020–2028
Base year considered 2022
Forecast period 2023-2028
Forecast units Value (USD Million/Billion)
Segments Covered By debris size, by orbit, by technique, by operation, by end user, and by region
Geographies covered North America, Europe, Asia Pacific, Rest of the world
Companies covered Astroscale (Japan), ClearSpace (Switzerland), Surrey Satellite Technology Ltd (UK), Northrop Grumman (US), and Kall Morris Incorporated (US) are some of the major players in the space debris removal market. (25 Companies)

 

Key Questions Addressed by the Report

Which are the major companies in the space debris removal market? What are their major strategies to strengthen their market presence?
Some of the key players in the space debris removal market are Astroscale (Japan), ClearSpace (Switzerland), Surrey Satellite Technology Ltd (UK), Northrop Grumman (US), and Kall Morris Incorporated (US), among others are the key players that secured space debris removal contracts in the last few years. Contracts were the key strategies these companies adopted to strengthen their space debris removal market presence.
What are the drivers and opportunities for the space debris removal market?
Escalating satellite launches and expanded space endeavors propel the need for space debris removal. Safeguarding crucial assets from collisions and ensuring continuous satellite operations remain pivotal drivers. Opportunities flourish for pioneering technologies and services in debris removal. Government directives and global efforts further accelerate sectoral expansion. Collaborations and alliances foster advancements, providing fertile ground for companies investing in debris mitigation. With the increasing dependence on space-based services, mitigating debris threats emerges as a lucrative market.
Which region is expected to grow most in the next five years?
The market in North America is projected to grow at the highest CAGR from 2023 to 2028, showcasing strong demand for orbital debris removal in the region. One key factor driving the North America market is the rising threat of debris density particularly to the LEO belt satellites which play a significant role in real time data and connectivity.
Which technique of space debris removal will significantly lead in the coming years?
The direct debris removal segment of the space debris removal market is projected to witness the highest CAGR due to the increasing need for removal of debris from the space.
Which are the key technology trends prevailing in the space debris removal market?
Technological trends in space debris removal are reshaping the industry. Key technological trends in space debris removal encompass advanced capture techniques like robotic arms, nets, and harpoons for precision debris retrieval. Innovative propulsion systems and satellite servicing capabilities are emerging, enabling controlled deorbiting. Additionally, the integration of artificial intelligence and machine learning for data analysis and improved sensors for superior monitoring capabilities are prominent developments. These trends drive innovation in orbital debris removal, offering businesses growth opportunities and a competitive edge in the market.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
18
RESEARCH METHODOLOGY
22
EXECUTIVE SUMMARY
32
PREMIUM INSIGHTS
36
MARKET OVERVIEW
38
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing government initiatives related to debris removal technologies
    - Rise in satellite launches and increasing space junk
    RESTRAINTS
    - High cost and funding requirement
    - Absence of established regulatory standards for space debris removal
    OPPORTUNITIES
    - Robotic systems to capture and manage space debris
    CHALLENGES
    - Lack of debris data management
    - Risk mitigation during debris removal operations
  • 5.3 RECESSION IMPACT ANALYSIS
  • 5.4 VALUE CHAIN ANALYSIS
    RAW MATERIALS
    R&D
    OEMS (COMPONENT MANUFACTURING)
    ASSEMBLERS & INTEGRATORS
    END USERS
  • 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.6 ECOSYSTEM ANALYSIS
    PROMINENT COMPANIES
    PRIVATE AND SMALL ENTERPRISES
    END USERS
  • 5.7 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.8 AVERAGE SELLING PRICE TREND ANALYSIS
    INDICATIVE PRICING ANALYSIS
  • 5.9 TARIFF AND REGULATORY LANDSCAPE
    NORTH AMERICA
    EUROPE
    ASIA PACIFIC
    REST OF THE WORLD
  • 5.10 TRADE ANALYSIS
    IMPORT DATA
    - Export data
  • 5.11 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.12 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.13 USE CASE ANALYSIS
    USE CASE 1: DRAGSAIL SYSTEM FOR SATELLITE DEORBITING
    USE CASE 2: HARPOON & NET SYSTEM FOR DEBRIS REMOVAL
INDUSTRY TRENDS
59
  • 6.1 INTRODUCTION
  • 6.2 TECHNOLOGY TRENDS
    LASER TECHNOLOGY
    ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
    ADVANCED SENSORS AND IOT
    3D PRINTING
    BLOCKCHAIN TECHNOLOGY
  • 6.3 IMPACT OF MEGATRENDS
    SPACE TRAFFIC MANAGEMENT SYSTEMS
    ROBOTICS
    SUSTAINABLE TECHNOLOGIES
  • 6.4 SUPPLY CHAIN ANALYSIS
  • 6.5 INNOVATIONS AND PATENT ANALYSIS
  • 6.6 TECHNOLOGICAL ROADMAP
SPACE DEBRIS REMOVAL MARKET, BY TECHNIQUE
69
  • 7.1 INTRODUCTION
  • 7.2 DIRECT DEBRIS REMOVAL
    ROBOTIC ARMS
    - Growing R&D investments for advanced robotic arms to drive market
    HARPOONS AND NETS
    - Ability to lower risk of collisions to drive market
    OTHER DIRECT DEBRIS REMOVAL TECHNIQUES
  • 7.3 INDIRECT DEBRIS REMOVAL
    DRAG SAILS
    - Increasing deployment to manage space debris to drive market
    ELECTRODYNAMIC TETHERS
    - Potential to revolutionize space missions and satellite disposal to drive market
    OTHER INDIRECT DEBRIS REMOVAL TECHNIQUES
SPACE DEBRIS REMOVAL MARKET, BY OPERATION
73
  • 8.1 INTRODUCTION
  • 8.2 SINGLE TECHNIQUE
    NEED FOR PRACTICAL AND STREAMLINED DEBRIS REMOVAL METHODS TO DRIVE MARKET
  • 8.3 MULTIPLE TECHNIQUE
    NEED FOR OPERATIONAL EFFICIENCY TO DRIVE MARKET
SPACE DEBRIS REMOVAL MARKET, BY ORBIT
76
  • 9.1 INTRODUCTION
  • 9.2 LOW EARTH ORBIT (LEO)
    INCREASING SATELLITE LAUNCHES IN LEO ORBIT TO DRIVE MARKET
  • 9.3 MEDIUM EARTH ORBIT (MEO)
    INCREASING UTILIZATION OF MEO ORBITS BY COMMERCIAL COMPANIES TO DRIVE MARKET
  • 9.4 GEOSTATIONARY EARTH ORBIT (GEO)
    SURGE IN GEO SATELLITE LAUNCHES TO DRIVE MARKET
SPACE DEBRIS REMOVAL MARKET, BY END USER
80
  • 10.1 INTRODUCTION
  • 10.2 GOVERNMENT
    COLLABORATIONS BETWEEN GOVERNMENT ORGANIZATIONS TO ENSURE SPACE SUSTAINABILITY TO DRIVE MARKET
  • 10.3 COMMERCIAL
    GOVERNMENT REGULATIONS ON SPACE SUSTAINABILITY TO DRIVE MARKET
SPACE DEBRIS REMOVAL MARKET, BY DEBRIS SIZE
83
  • 11.1 INTRODUCTION
  • 11.2 1MM TO 10MM
  • 11.3 10MM TO 100MM
  • 11.4 GREATER THAN 100 MM
SPACE DEBRIS REMOVAL MARKET, BY REGION
84
  • 12.1 INTRODUCTION
  • 12.2 REGIONAL RECESSION IMPACT ANALYSIS
  • 12.3 NORTH AMERICA
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    US
    - Presence of leading space debris removal companies to drive market
    CANADA
    - Increasing government investment in space industry to drive market
  • 12.4 EUROPE
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    UK
    - Innovations in debris removal technologies to drive market
    FRANCE
    - Growing investment in space debris removal R&D to drive market
    GERMANY
    - Continuous focus on upgrading space sustainability systems to drive market
    ITALY
    - Technological Innovation and collaborative expertise to drive market
    RUSSIA
    - Increasing reliability on self-developed space systems to drive market
    REST OF EUROPE
  • 12.5 ASIA PACIFIC
    PESTLE ANALYSIS
    RECESSION IMPACT ANALYSIS
    CHINA
    - Rising deployment of satellites to drive market
    JAPAN
    - Rigorous development of space debris removal systems to drive market
    INDIA
    - Active dominance of ISRO in sustainable space operations to drive market
    SOUTH KOREA
    - Collaborative partnerships between researchers and government to drive market
    REST OF ASIA PACIFIC
  • 12.6 REST OF THE WORLD (ROW)
    RECESSION IMPACT ANALYSIS
    MIDDLE EAST & AFRICA
    - Increasing space situational awareness to drive market
    LATIN AMERICA
    - Increased focus on space development to drive market
COMPETITIVE LANDSCAPE
105
  • 13.1 INTRODUCTION
  • 13.2 SPACE DEBRIS REMOVAL MARKET RANKING ANALYSIS, 2022
  • 13.3 COMPANY EVALUATION MATRIX, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 13.4 START-UP/SME EVALUATION MATRIX, 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 13.5 COMPETITIVE SCENARIOS AND TRENDS
    DEALS
COMPANY PROFILES
121
  • 14.1 KEY PLAYERS
    ASTROSCALE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CLEARSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SURREY SATELLITE TECHNOLOGY LTD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    NORTHROP GRUMMAN
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    KALL MORRIS INCORPORATED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    D-ORBIT
    - Business overview
    - Products/Solutions/Services offered
    ALTIUS SPACE MACHINES
    - Business overview
    - Products/Solutions/Services offered
    OBRUTA SPACE SOLUTIONS CORP.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TRANS ASTRONAUTICA CORPORATION. (TRANSASTRA)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DARK
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AURORA PROPULSION TECHNOLOGIES OY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    REDWIRE CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    HPS GMBH
    - Business overview
    - Products/Solutions/Services offered
    ELECTRO OPTIC SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SKY PERFECT JSAT HOLDINGS INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 14.2 OTHER PLAYERS
    NPC SPACEMIND
    ORIGIN.SPACE
    SKYRORA LIMITED
    ORBOTIC SYSTEMS INC.
    ORBITGUARDIANS
    KURS ORBITAL
    TETHERS UNLIMITED, INC.
    GLYCANSPACEXR
    EXPLORATION LABORATORIES LLC.
    KINETIK SPACE
APPENDIX
160
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS IN SPACE DEBRIS REMOVAL MARKET
  • TABLE 2 USD EXCHANGE RATES
  • TABLE 3 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 4 IMPACT OF PORTER’S FIVE FORCES
  • TABLE 5 SPACE DEBRIS REMOVAL MARKET, BY SATELLITE SIZE (USD MILLION)
  • TABLE 6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN NORTH AMERICA
  • TABLE 7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN EUROPE
  • TABLE 8 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN ASIA PACIFIC
  • TABLE 9 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES IN REST OF THE WORLD
  • TABLE 10 COUNTRY-WISE IMPORTS, 2019–2022 (USD THOUSAND)
  • TABLE 11 COUNTRY-WISE EXPORTS, 2019–2022 (USD THOUSAND)
  • TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING SPACE DEBRIS REMOVAL SYSTEMS, BY ORBIT (%)
  • TABLE 13 KEY BUYING CRITERIA FOR SPACE DEBRIS REMOVAL SYSTEMS, BY TECHNIQUE
  • TABLE 14 KEY CONFERENCES AND EVENTS
  • TABLE 15 LIST OF MAJOR PATENTS FOR SPACE DEBRIS REMOVAL (2022−2023)
  • TABLE 16 SPACE DEBRIS REMOVAL MARKET, BY TECHNIQUE, 2020–2022 (USD MILLION)
  • TABLE 17 SPACE DEBRIS REMOVAL MARKET, BY TECHNIQUE, 2023–2028 (USD MILLION)
  • TABLE 18 SPACE DEBRIS REMOVAL MARKET, BY OPERATION, 2020–2022 (USD MILLION)
  • TABLE 19 SPACE DEBRIS REMOVAL MARKET, BY OPERATION, 2023–2028 (USD MILLION)
  • TABLE 20 SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2020–2022 (USD MILLION)
  • TABLE 21 SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2023–2028 (USD MILLION)
  • TABLE 22 SPACE DEBRIS REMOVAL MARKET, BY END USER, 2020–2022 (USD MILLION)
  • TABLE 23 SPACE DEBRIS REMOVAL MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 24 REGIONAL RECESSION IMPACT ANALYSIS
  • TABLE 25 SPACE DEBRIS REMOVAL MARKET, BY REGION, 2020−2022 (USD MILLION)
  • TABLE 26 SPACE DEBRIS REMOVAL MARKET, BY REGION, 2023−2028 (USD MILLION)
  • TABLE 27 NORTH AMERICA: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2020–2022 (USD MILLION)
  • TABLE 28 NORTH AMERICA: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2023–2028 (USD MILLION)
  • TABLE 29 NORTH AMERICA: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2020–2022 (USD MILLION)
  • TABLE 30 NORTH AMERICA: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 31 EUROPE: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2020–2022 (USD MILLION)
  • TABLE 32 EUROPE: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2023–2028 (USD MILLION)
  • TABLE 33 EUROPE: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2020–2022 (USD MILLION)
  • TABLE 34 EUROPE: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 35 ASIA PACIFIC: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2020–2022 (USD MILLION)
  • TABLE 36 ASIA PACIFIC: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2023–2028 (USD MILLION)
  • TABLE 37 ASIA PACIFIC: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2020–2022 (USD MILLION)
  • TABLE 38 ASIA PACIFIC: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 39 REST OF THE WORLD: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2020–2022 (USD MILLION)
  • TABLE 40 REST OF THE WORLD: SPACE DEBRIS REMOVAL MARKET, BY ORBIT, 2023–2028 (USD MILLION)
  • TABLE 41 REST OF THE WORLD: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2020–2022 (USD MILLION)
  • TABLE 42 REST OF THE WORLD: SPACE DEBRIS REMOVAL MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 43 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
  • TABLE 44 COMPANY TECHNIQUE FOOTPRINT
  • TABLE 45 COMPANY REGION FOOTPRINT
  • TABLE 46 SPACE DEBRIS REMOVAL MARKET: LIST OF KEY START-UPS/SMES
  • TABLE 47 SPACE DEBRIS REMOVAL MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 48 SPACE DEBRIS REMOVAL MARKET: DEALS, JUNE 2020–OCTOBER 2023
  • TABLE 49 ASTROSCALE: COMPANY OVERVIEW
  • TABLE 50 ASTROSCALE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 51 ASTROSCALE: DEALS
  • TABLE 52 ASTROSCALE: OTHERS
  • TABLE 53 CLEARSPACE: COMPANY OVERVIEW
  • TABLE 54 CLEARSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 55 CLEARSPACE: DEALS
  • TABLE 56 CLEARSPACE: OTHERS
  • TABLE 57 SURREY SATELLITE TECHNOLOGY LTD: COMPANY OVERVIEW
  • TABLE 58 SURREY SATELLITE TECHNOLOGY LTD: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 59 SURREY SATELLITE TECHNOLOGY LTD: DEALS
  • TABLE 60 NORTHROP GRUMMAN: COMPANY OVERVIEW
  • TABLE 61 NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 62 KALL MORRIS INCORPORATED: COMPANY OVERVIEW
  • TABLE 63 KALL MORRIS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 64 KALL MORRIS INCORPORATED: DEALS
  • TABLE 65 D-ORBIT: COMPANY OVERVIEW
  • TABLE 66 D-ORBIT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 67 ALTIUS SPACE MACHINES: COMPANY OVERVIEW
  • TABLE 68 ALTIUS SPACE MACHINES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 69 OBRUTA SPACE SOLUTIONS CORP.: COMPANY OVERVIEW
  • TABLE 70 OBRUTA SPACE SOLUTIONS CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 71 OBRUTA SPACE SOLUTIONS CORP.: DEALS
  • TABLE 72 TRANS ASTRONAUTICA CORPORATION. (TRANSASTRA): COMPANY OVERVIEW
  • TABLE 73 TRANS ASTRONAUTICA CORPORATION. (TRANSASTRA): PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 74 TRANS ASTRONAUTICA CORPORATION. (TRANSASTRA): DEALS
  • TABLE 75 TRANS ASTRONAUTICA CORPORATION. (TRANSASTRA): OTHERS
  • TABLE 76 DARK: COMPANY OVERVIEW
  • TABLE 77 DARK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 78 DARK: DEALS
  • TABLE 79 AURORA PROPULSION TECHNOLOGIES OY: COMPANY OVERVIEW
  • TABLE 80 AURORA PROPULSION TECHNOLOGIES OY: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 81 AURORA PROPULSION TECHNOLOGIES OY: DEALS
  • TABLE 82 REDWIRE CORPORATION: COMPANY OVERVIEW
  • TABLE 83 REDWIRE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 84 REDWIRE CORPORATION: DEALS
  • TABLE 85 HPS GMBH: COMPANY OVERVIEW
  • TABLE 86 HPS GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 87 ELECTRO OPTIC SYSTEMS: COMPANY OVERVIEW
  • TABLE 88 ELECTRO OPTIC SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 89 ELECTRO OPTIC SYSTEMS: DEALS
  • TABLE 90 SKY PERFECT JSAT HOLDINGS INC.: COMPANY OVERVIEW
  • TABLE 91 SKY PERFECT JSAT HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 92 SKY PERFECT JSAT HOLDINGS INC.: DEALS
  • TABLE 93 NPC SPACEMIND: COMPANY OVERVIEW
  • TABLE 94 ORIGIN.SPACE: COMPANY OVERVIEW
  • TABLE 95 SKYRORA LIMITED: COMPANY OVERVIEW
  • TABLE 96 ORBOTIC SYSTEMS INC.: COMPANY OVERVIEW
  • TABLE 97 ORBITGUARDIANS: COMPANY OVERVIEW
  • TABLE 98 KURS ORBITAL: COMPANY OVERVIEW
  • TABLE 99 TETHERS UNLIMITED, INC.: COMPANY OVERVIEW
  • TABLE 100 GLYCANSPACEXR: COMPANY OVERVIEW
  • TABLE 101 EXPLORATION LABORATORIES LLC.: COMPANY OVERVIEW
  • TABLE 102 KINETIK SPACE: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 SPACE DEBRIS REMOVAL MARKET SEGMENTATION
  • FIGURE 2 RESEARCH PROCESS FLOW
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 5 BOTTOM-UP APPROACH
  • FIGURE 6 TOP-DOWN APPROACH
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 DIRECT DEBRIS REMOVAL TECHNIQUE TO ACCOUNT FOR DOMINANT MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 9 SINGLE TECHNIQUE OPERATION SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET DURING FORECAST PERIOD
  • FIGURE 10 GOVERNMENT END USER SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 11 LEO ORBIT SEGMENT TO CAPTURE LARGEST SHARE OF SPACE DEBRIS REMOVAL MARKET DURING FORECAST PERIOD
  • FIGURE 12 SPACE DEBRIS REMOVAL MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 INCREASE IN DEMAND FOR SPACE SUSTAINABILITY AND GROWING DEBRIS DENSITY TO DRIVE MARKET
  • FIGURE 14 LEO ORBIT SEGMENT TO DOMINATE MARKET IN 2023
  • FIGURE 15 GOVERNMENT END USER SEGMENT TO HAVE HIGHER MARKET SHARE FROM 2023 TO 2028
  • FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SPACE DEBRIS REMOVAL MARKET
  • FIGURE 17 SATELLITE LAUNCHES AND SPACE JUNK ANALYSIS
  • FIGURE 18 RECESSION IMPACT ANALYSIS
  • FIGURE 19 VALUE CHAIN ANALYSIS
  • FIGURE 20 REVENUE SHIFT AND NEW REVENUE POCKETS IN SPACE DEBRIS REMOVAL MARKET
  • FIGURE 21 SPACE DEBRIS REMOVAL MARKET MAP
  • FIGURE 22 SPACE DEBRIS REMOVAL MARKET ECOSYSTEM
  • FIGURE 23 AVERAGE SELLING PRICE TREND ANALYSIS, BY SATELLITE SIZE (ONLY DEORBITING SYSTEMS)
  • FIGURE 24 IMPORT DATA FOR TOP 10 COUNTRIES
  • FIGURE 25 EXPORT DATA FOR TOP 10 COUNTRIES
  • FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING SPACE DEBRIS REMOVAL TECHNIQUES, BY ORBIT
  • FIGURE 27 KEY BUYING CRITERIA FOR SPACE DEBRIS REMOVAL SYSTEMS, BY TECHNIQUE
  • FIGURE 28 SUPPLY CHAIN ANALYSIS
  • FIGURE 29 LIST OF MAJOR PATENTS RELATED TO SPACE DEBRIS REMOVAL MARKET
  • FIGURE 30 EVOLUTION OF SPACE DEBRIS REMOVAL TECHNOLOGY: ROADMAP FROM 1950 TO PRESENT
  • FIGURE 31 DIRECT DEBRIS REMOVAL SEGMENT TO GROW AT HIGHER CAGR FROM 2023 TO 2028
  • FIGURE 32 MULTIPLE TECHNIQUE SEGMENT TO GROW AT HIGHER CAGR FROM 2023 TO 2028
  • FIGURE 33 LEO SEGMENT TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
  • FIGURE 34 SATELLITE LAUNCHES IN LEO ORBIT (2019−2023)
  • FIGURE 35 COMMERCIAL END USER SEGMENT TO GROW AT HIGHER CAGR FROM 2023 TO 2028
  • FIGURE 36 SPACE DEBRIS REMOVAL MARKET, BY REGION, 2023–2028
  • FIGURE 37 NORTH AMERICA: SPACE DEBRIS REMOVAL MARKET SNAPSHOT
  • FIGURE 38 MONTHLY ORBITAL LAUNCHES BY US IN 2022
  • FIGURE 39 EUROPE: SPACE DEBRIS REMOVAL MARKET SNAPSHOT
  • FIGURE 40 ASIA PACIFIC: SPACE DEBRIS REMOVAL MARKET SNAPSHOT
  • FIGURE 41 SPACE DEBRIS REMOVAL MARKET RANKING OF TOP 5 PLAYERS, 2022
  • FIGURE 42 SPACE DEBRIS REMOVAL MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 43 SPACE DEBRIS REMOVAL MARKET: START-UP/SME EVALUATION MATRIX, 2022
  • FIGURE 44 NORTHROP GRUMMAN: COMPANY SNAPSHOT
  • FIGURE 45 REDWIRE CORPORATION: COMPANY SNAPSHOT
  • FIGURE 46 ELECTRO OPTIC SYSTEMS: COMPANY SNAPSHOT
  • FIGURE 47 SKY PERFECT JSAT HOLDINGS INC.: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the Space Debris Removal Market. Exhaustive secondary research was done to collect information on the space debris removal market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. After that, market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the space debris removal market.

Secondary Research

The market ranking of companies was determined using secondary data made available through paid and unpaid sources and by analyzing the product portfolios of major companies. These companies the performance on the basis of the performance and quality of their products. These data points were further validated by primary sources.
Secondary sources referred to for this research study included financial statements of companies offering space debris removal products and services and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the space debris removal market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after acquiring information regarding the space debris removal market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, ROW which includes the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews.

Space Debris Removal Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market sizing of the market was undertaken from the demand side. The market was upsized at a regional level based on procurements and missions planned by the country. Such procurements provide information on each application demand aspects of space debris removal.

Note: An analysis of technological, funding, year-on-year investments, and operational cost was carried out to arrive at the CAGR and understand the market dynamics of all regions in the report. The market share for all technique, orbit, operation, and end user was based on the recent and upcoming planned missions of space debris removal in every region from 2023 to 2028.

Space Debris Removal Market Size: Bottom-up Approach

Space Debris Removal Market Size, and Bottom-up Approach

Space Debris Removal Market Size: Top-Down Approach

Space Debris Removal Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

The following figure indicates the market breakdown structure and the data triangulation procedure that was implemented in the market engineering process to make this report on the space debris removal market.

Market Definition

Space debris removal refers to the strategic process of eliminating defunct satellites, spent rocket stages, and fragments from space orbits and the techniques to safely deorbit the satellites or spacecrafts after their mission. This burgeoning industry aims to mitigate orbital congestion, safeguard operational satellites, and ensure sustainable space exploration. By deploying innovative technologies and retrieval strategies, companies engage in the retrieval, capture, and disposal of space debris, fostering a cleaner orbital environment for continued commercial satellite launches and enhancing the long-term viability of space activities.

Key Stakeholders

  • Manufacturers of space debris removal systems and solutions
  • System Integrators
  • Original Equipment Manufacturers (OEM)
  • Space Organizations
  • Regulatory Authorities

Report Objectives

  • To define and describe the Space Debris Removal market based on debris size, orbit, operation, technique, end user, and region.
  • To indicate the size of the various segments of the Space Debris Removal market based on four regions—North America, Europe, Asia Pacific, Rest of the world—along with key countries in each of these regions.
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To determine industry trends, market trends, and technology trends prevailing in the market
  • To analyze micro markets concerning individual technological trends, prospects, and their contribution to the overall market
  • To provide a detailed competitive landscape of the market and analyze competitive growth strategies such as product launches and developments, contracts, partnerships, agreements, and collaborations adopted by key players in the market.
  • To identify the detailed financial positions, product portfolios, and key developments of leading companies in the market
  • To strategically profile key market players and comprehensively analyze their market rank analysis and core competencies.

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the Space Debris Removal Market
  • Profiling of other market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the Space Debris Removal Market.

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