Space Debris Monitoring and Removal Market Analysis
Space debris monitoring and removal market is expected to register significant growth during the forecast period owing to factors such as the increasing number of satellites and rising awareness about space pollution. However, high costs associated with research and development and absence of required infrastructure in developing economies are expected to hamper the market growth.
The global space debris monitoring and removal market has been segmented based on purpose, debris size, end use, and region.
In terms of end use, the global space debris monitoring and removal market has been classified as commercial and defense. The commercial segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period due to the rise in the number of satellites for navigation, television, and satellite imagery applications. Therefore, rise in the number of satellites is projected to increase space Debris On Demand Market This, in turn, is expected to fuel the demand for space debris removal and monitoring.
On the basis of purpose, the global space debris monitoring and removal market has been bifurcated into space debris removal and space debris monitoring. The space debris monitoring segment is expected to account for a larger market share during the forecast period of 2019 to 2024 due to the increase in space debris monitoring activities by space exploration agencies such as the US Space Surveillance Network and European Space Agency (ESA). However, the space debris removal segment is expected to register a higher CAGR during the forecast period.
Based on debris size, the market has been divided into larger than 10 cm, between 1 and 10 cm, and between 1 mm and 1 cm. The between 1 and 10 cm segment dominated the market in 2018 and is expected to exhibit the highest CAGR during the forecast period. This is due to the presence of around 900,000 objects in this size range in the Earth’s orbit and their ability to damage active satellites.
Based on region, the global space debris monitoring and removal market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is expected to hold the largest market share during the forecast period. However, the market in Asia-Pacific is expected to register the highest CAGR during the review period. Factors such as increasing expenditure on defense in developing economies such as China and India are boosting the market growth. Additionally, increasing investments made in developing space debris removal satellites by key players such as Astroscale Holdings Inc is propelling market growth in the region.
Key Players
The key players in the global space debris monitoring and removal market are Airbus S.A.S. (Netherlands), Altius Space Machines, Inc (US), Astroscale Holdings Inc (Japan), D-Orbit SpA (Italy), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), PAO S.P. Korolev RSC Energia (Russia), and The Boeing Company (US).
Table Of Contents
- Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Space Debris Monitoring & Removal Market, By Purpose
1.1.2. Global Space Debris Monitoring & Removal Market, By Debris Size
1.1.3. Global Space Debris Monitoring & Removal Market, By End Use
1.1.4. Global Space Debris Monitoring & Removal Market, By Region
- Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
- Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- Market Insights
- Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Amount of Space Debris
5.3. Restraints
5.4. Opportunities
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Space Debris Monitoring and Removal Market Research Report: Information by Purpose (Space Debris Removal and Space Debris Monitoring), Debris Size (Larger than 10 cm, Between 1 and 10 cm and Between 1 mm and 1 cm), End Use (Commercial and Defense) and Region (North America, Europe, Asia-Pacific, Middle East, Africa and Latin America) @ https://www.marketresearchfuture.com/reports/space-debris-monitoring-removal-market-8274
Related Link:
- Flight Tracking System Market Research Report: Information by Type [ADS-B (Terrestrial and Space-Based), ACARS, and FANS], Aircraft Type (Fixed-Wing and Rotary-Wing), End User (Commercial and Military), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2027
- Military Navigation Market Research Report: Information by Component (Hardware and Service), Application (Command, Control, Intelligence, Surveillance, Reconnaissance (ISR), Combat Security, Targeting & Guidance and Search Rescue (SAR)), Platform (Aviation, Marine, Ground and Space), Grade (Navigation Grade, Tactical Grade, Space Grade and Marine Grade) and Region (North America, Europe, Asia-Pacific and Rest of the World) Forecast till 2030
- Aircraft Cockpit Display System Market Research Report: Information by Display Type (Primary Flight, Multifunction, Engine-Indicating & Crew-Alerting System), Platform (Commercial & Military), Display Size (Less Than 5 Inches, 5 Inches to 10 Inches and Greater Than 10 Inches) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
