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
The space debris removal market is valued at USD 0.1 billion in 2023 and is projected to reach USD 0.6 billion by 2028, at a CAGR of 41.7% from 2023 to 2028. Over the last few years, the space debris removal industry has continued to evolve with expanding use cases, better cost efficiencies, and a more significant impact of new technological developments in the space industry. The space debris removal market is experiencing growth driven by increasing space congestion and need for space sustainability. Technological advancements, particularly in cost-effective deorbiting platforms, are improving market accessibility. Growing involvement of commercial space enterprises and government investments in space based services are stimulating competition and innovation.
Based on technique, the indirect debris removal segment is estimated to have the second largest market share in 2023.
The indirect debris removal segment in the space debris removal market is being driven by increasing demand for high-precision deorbiting systems and debris decreasing techniques. Technological advancements, particularly in cost-effective LEO orbit platforms, are expanding market accessibility. Growing environmental concerns, along with government and commercial investments in space infrastructure, underscore the need for space debris removal and addressing environmental challenges. This competitive landscape is driving innovation and enhancing the market's overall growth prospects.
Based on operation, the multiple technique is estimated to have the second largest market share in 2023.
The multiple technique segment within the space debris removal market is being driven by effective solutions and versatility. The advancements in miniaturization and cost-effective technology have lowered entry barriers, fostering heightened competition. The escalating demand for cleaning different sizes of space junk with a single mission is driving the market.
Based on regions, the Asia Pacific region is estimated to have the second largest market share in 2023.
The Asia Pacific region is witnessing robust growth in the space debris removal market driven by key business factors. The region's thriving economies are generating increased demand for maintaining space sustainability. Governments in the region are making substantial investments in space infrastructure and satellite technology, which is accelerating the development and deployment of orbital debris removal technologies. Additionally, the presence of a rapidly expanding commercial space sector, particularly in countries like Japan and China, is intensifying competition and driving innovation, contributing to market expansion.
The break-up of the profile of primary participants in the space debris removal market:
By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C Level – 40%, Director Level – 25%, and Others – 35%
By Region: North America – 40%, Europe – 25%, Asia Pacific – 25%, Rest of the World (RoW) – 10%
Major companies profiled in the report include Astroscale (Japan), ClearSpace (Switzerland), Surrey Satellite Technology Ltd (UK), Northrop Grumman (US), and Kall Morris Incorporated (US), among others.
Research Coverage:
This market study covers the space debris removal market across various segments and subsegments. It aims to estimate this market's size and growth potential across different parts based on debris size, orbit, technique, operation, end user, and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall space debris removal market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. The space debris removal market is experiencing substantial growth, primarily driven by the increasing debris density. The increasing trend toward international cooperation and joint operations among nations is fostering demand for space debris removal, contributing to regional and global stability. The report provides insights on the following pointers:
Market Drivers: Market Drivers such as the growing government initiatives, rise in satellite launches and increasing space junk, and other drivers covered in the report.
Market Penetration: Comprehensive information on space debris removal offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the space debris removal market
Market Development: Comprehensive information about lucrative markets – the report analyses the space debris removal market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the space debris removal market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the space debris removal market
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Study Scope
- 1.3.1 Markets Covered
- Figure 1 Space Debris Removal Market Segmentation
- 1.3.2 Regional Scope
- 1.4 Years Considered
- 1.5 Inclusions And Exclusions
- Table 1 Inclusions And Exclusions In Space Debris Removal Market
- 1.6 Currency & Pricing
- Table 2 Usd Exchange Rates
- 1.7 Stakeholders
- 2 Research Methodology
- 2.1 Research Data
- Figure 2 Research Process Flow
- Figure 3 Research Design
- 2.1.1 Secondary Data
- 2.1.1.1 Secondary Sources
- 2.1.2 Primary Data
- 2.1.2.1 Primary Sources
- 2.1.2.2 Key Data From Primary Sources
- Figure 4 Breakdown Of Primary Interviews
- 2.2 Factor Analysis
- 2.2.1 Introduction
- 2.2.2 Demand-side Indicators
- 2.2.3 Supply-side Indicators
- 2.3 Recession Impact Analysis
- 2.4 Market Size Estimation
- 2.4.1 Bottom-up Approach
- 2.4.1.1 Market Size Estimation And Methodology
- Figure 5 Bottom-up Approach
- 2.4.2 Top-down Approach
- Figure 6 Top-down Approach
- 2.5 Data Triangulation
- Figure 7 Data Triangulation
- 2.6 Research Assumptions
- 2.7 Research Limitations
- 2.8 Risk Analysis
- 3 Executive Summary
- 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
- 4 Premium Insights
- 4.1 Attractive Growth Opportunities For Players In Space Debris Removal Market
- Figure 13 Increase In Demand For Space Sustainability And Growing Debris Density To Drive Market
- 4.2 Space Debris Removal Market, By Orbit
- Figure 14 Leo Orbit Segment To Dominate Market In 2023
- 4.3 Space Debris Removal Market, By End User
- Figure 15 Government End User Segment To Have Higher Market Share From 2023 To 2028
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- Figure 16 Drivers, Restraints, Opportunities, And Challenges In Space Debris Removal Market
- 5.2.1 Drivers
- 5.2.1.1 Growing Government Initiatives Related To Debris Removal Technologies
- 5.2.1.2 Rise In Satellite Launches And Increasing Space Junk
- Figure 17 Satellite Launches And Space Junk Analysis
- 5.2.2 Restraints
- 5.2.2.1 High Cost And Funding Requirement
- 5.2.2.2 Absence Of Established Regulatory Standards For Space Debris Removal
- 5.2.3 Opportunities
- 5.2.3.1 Robotic Systems To Capture And Manage Space Debris
- 5.2.4 Challenges
- 5.2.4.1 Lack Of Debris Data Management
- 5.2.4.2 Risk Mitigation During Debris Removal Operations
- 5.3 Recession Impact Analysis
- Figure 18 Recession Impact Analysis
- 5.4 Value Chain Analysis
- Figure 19 Value Chain Analysis
- 5.4.1 Raw Materials
- 5.4.2 R&D
- 5.4.3 Oems (Component Manufacturing)
- 5.4.4 Assemblers & Integrators
- 5.4.5 End Users
- 5.5 Trends/Disruptions Impacting Customer Business
- Figure 20 Revenue Shift And New Revenue Pockets In Space Debris Removal Market
- 5.6 Ecosystem Analysis
- 5.6.1 Prominent Companies
- 5.6.2 Private And Small Enterprises
- 5.6.3 End Users
- Figure 21 Space Debris Removal Market Map
- Figure 22 Space Debris Removal Market Ecosystem
- Table 3 Role Of Companies In Ecosystem
- 5.7 Porter’s Five Forces Analysis
- Table 4 Impact Of Porter’s Five Forces
- 5.7.1 Threat Of New Entrants
- 5.7.2 Threat Of Substitutes
- 5.7.3 Bargaining Power Of Suppliers
- 5.7.4 Bargaining Power Of Buyers
- 5.7.5 Intensity Of Competitive Rivalry
- 5.8 Average Selling Price Trend Analysis
- Figure 23 Average Selling Price Trend Analysis, By Satellite Size (Only Deorbiting Systems)
- Table 5 Space Debris Removal Market, By Satellite Size (Usd Million)
- 5.8.1 Indicative Pricing Analysis
- 5.9 Tariff And Regulatory Landscape
- 5.9.1 North America
- Table 6 Regulatory Bodies, Government Agencies, And Other Agencies In North America
- 5.9.2 Europe
- Table 7 Regulatory Bodies, Government Agencies, And Other Agencies In Europe
- 5.9.3 Asia Pacific
- Table 8 Regulatory Bodies, Government Agencies, And Other Agencies In Asia Pacific
- 5.9.4 Rest Of The World
- Table 9 Regulatory Bodies, Government Agencies, And Other Agencies In Rest Of The World
- 5.10 Trade Analysis
- 5.10.1 Import Data
- Figure 24 Import Data For Top 10 Countries
- Table 10 Country-wise Imports, 2019–2022 (Usd Thousand)
- 5.10.1.1 Export Data
- Figure 25 Export Data For Top 10 Countries
- Table 11 Country-wise Exports, 2019–2022 (Usd Thousand)
- 5.11 Key Stakeholders And Buying Criteria
- 5.11.1 Key Stakeholders In Buying Process
- Figure 26 Influence Of Stakeholders On Buying Space Debris Removal Techniques, By Orbit
- Table 12 Influence Of Stakeholders On Buying Space Debris Removal Systems, By Orbit (%)
- 5.11.2 Buying Criteria
- Figure 27 Key Buying Criteria For Space Debris Removal Systems, By Technique
- Table 13 Key Buying Criteria For Space Debris Removal Systems, By Technique
- 5.12 Key Conferences And Events, 2023–2024
- Table 14 Key Conferences And Events
- 5.13 Use Case Analysis
- 5.13.1 Use Case 1: Dragsail System For Satellite Deorbiting
- 5.13.2 Use Case 2: Harpoon & Net System For Debris Removal
- 6 Industry Trends
- 6.1 Introduction
- 6.2 Technology Trends
- 6.2.1 Laser Technology
- 6.2.2 Artificial Intelligence And Machine Learning
- 6.2.3 Advanced Sensors And Iot
- 6.2.4 3d Printing
- 6.2.5 Blockchain Technology
- 6.3 Impact Of Megatrends
- 6.3.1 Space Traffic Management Systems
- 6.3.2 Robotics
- 6.3.3 Sustainable Technologies
- 6.4 Supply Chain Analysis
- Figure 28 Supply Chain Analysis
- 6.5 Innovations And Patent Analysis
- Figure 29 List Of Major Patents Related To Space Debris Removal Market
- Table 15 List Of Major Patents For Space Debris Removal (2022−2023)
- 6.6 Technological Roadmap
- Figure 30 Evolution Of Space Debris Removal Technology: Roadmap From 1950 To Present
- 7 Space Debris Removal Market, By Technique
- 7.1 Introduction
- Figure 31 Direct Debris Removal Segment To Grow At Higher Cagr From 2023 To 2028
- Table 16 Space Debris Removal Market, By Technique, 2020–2022 (Usd Million)
- Table 17 Space Debris Removal Market, By Technique, 2023–2028 (Usd Million)
- 7.2 Direct Debris Removal
- 7.2.1 Robotic Arms
- 7.2.1.1 Growing R&D Investments For Advanced Robotic Arms To Drive Market
- 7.2.2 Harpoons And Nets
- 7.2.2.1 Ability To Lower Risk Of Collisions To Drive Market
- 7.2.3 Other Direct Debris Removal Techniques
- 7.3 Indirect Debris Removal
- 7.3.1 Drag Sails
- 7.3.1.1 Increasing Deployment To Manage Space Debris To Drive Market
- 7.3.2 Electrodynamic Tethers
- 7.3.2.1 Potential To Revolutionize Space Missions And Satellite Disposal To Drive Market
- 7.3.3 Other Indirect Debris Removal Techniques
- 8 Space Debris Removal Market, By Operation
- 8.1 Introduction
- Figure 32 Multiple Technique Segment To Grow At Higher Cagr From 2023 To 2028
- Table 18 Space Debris Removal Market, By Operation, 2020–2022 (Usd Million)
- Table 19 Space Debris Removal Market, By Operation, 2023–2028 (Usd Million)
- 8.2 Single Technique
- 8.2.1 Need For Practical And Streamlined Debris Removal Methods To Drive Market
- 8.3 Multiple Technique
- 8.3.1 Need For Operational Efficiency To Drive Market
- 9 Space Debris Removal Market, By Orbit
- 9.1 Introduction
- Figure 33 Leo Segment To Grow At Highest Cagr From 2023 To 2028
- Table 20 Space Debris Removal Market, By Orbit, 2020–2022 (Usd Million)
- Table 21 Space Debris Removal Market, By Orbit, 2023–2028 (Usd Million)
- 9.2 Low Earth Orbit (Leo)
- 9.2.1 Increasing Satellite Launches In Leo Orbit To Drive Market
- Figure 34 Satellite Launches In Leo Orbit (2019−2023)
- 9.3 Medium Earth Orbit (Meo)
- 9.3.1 Increasing Utilization Of Meo Orbits By Commercial Companies To Drive Market
- 9.4 Geostationary Earth Orbit (Geo)
- 9.4.1 Surge In Geo Satellite Launches To Drive Market
- 10 Space Debris Removal Market, By End User
- 10.1 Introduction
- Figure 35 Commercial End User Segment To Grow At Higher Cagr From 2023 To 2028
- 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)
- 10.2 Government
- 10.2.1 Collaborations Between Government Organizations To Ensure Space Sustainability To Drive Market
- 10.3 Commercial
- 10.3.1 Government Regulations On Space Sustainability To Drive Market
- 11 Space Debris Removal Market, By Debris Size
- 11.1 Introduction
- 11.2 1mm To 10mm
- 11.3 10mm To 100mm
- 11.4 Greater Than 100 Mm
- 12 Space Debris Removal Market, By Region
- 12.1 Introduction
- Figure 36 Space Debris Removal Market, By Region, 2023–2028
- 12.2 Regional Recession Impact Analysis
- 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)
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