Market Overview

Global Space Debris Monitoring and Removal Market 2018-2022| Rising Amount of Space Debris to Boost Demand| Technavio

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Technavio
analysts forecast the global space debris monitoring and removal market
to grow at a CAGR of close to 5% during the forecast period,
according to their latest market research report.

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Technavio has published a new market research report on the global space debris monitoring and remov ...

Technavio has published a new market research report on the global space debris monitoring and removal market from 2018-2022. (Graphic: Business Wire)

The emerging ADR concepts is one of the major trends being witnessed in
the global
space debris monitoring and removal market 2018-2022
. In the
last decade, the space debris population has witnessed rapid growth in
the LEO and is expected to continue growing even with the widespread
adoption of mitigation measures. ADR is required to stabilize the growth
of space debris, but more importantly, a check should be monitored for
any newly launched objects so that they are in compliance with
post-mission guidelines. Otherwise, most of the required ADR effort
would go to compensate for the non-compliance of new objects.

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only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global space debris monitoring and removal market is
the rising amount of space debris:

Global space debris monitoring and removal
market: Rising amount of space debris

Presently, nearly 5000 launches have resulted in more than 40,000
tracked objects in orbit, of which about half still remain in space and
are regularly tracked by the US Space Surveillance Network and
maintained in its catalog. This catalog covers objects larger than 5-10
cm in LEO and 30 cm in 1m at geostationary attitudes.

According to a senior analyst at Technavio for research on space,
"One-fourth of the cataloged objects are satellites out of which, less
than 30% are operational, and less than that are spent on upper stages
and mission-related objects such as launch adapters and lens covers. The
primary cause of space debris is the launch of satellites and rockets.
The amount of space debris has increased further owing to the expected
collisions of spacecraft, accidental breakup events, and other wreckages
from the currently operating missions."

Global space debris monitoring and removal
market: Segmentation analysis

The global space debris monitoring and removal market research report
provides market segmentation by application (space debris removal
technology and space debris monitoring technology), and by region (the
Americas, EMEA, and APAC). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

The space debris removal technology segment held the largest market
share in 2017, accounting for nearly 55% of the market. This application
segment is expected to dominate the global market throughout the
forecast period.

APAC led the market in 2017 with a market share of nearly 36%. The
market share occupied by this region is anticipated to increase during
2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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