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New report examines the space debris monitoring and removal market poised to grow at 4.46% CAGR by 2021

Industrial Market Research

Space Debris Monitoring and Removal Market to grow at a CAGR of 4.46% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global Space Debris Monitoring And Removal Market for 2017-2021. To calculate the market size, the report considers the public and private investments in organizational research initiatives along with the revenue generated by the industry stakeholders, if any.

The following companies as the key players in the global space debris monitoring and removal market: Airbus, ASTROSCALE, Boeing, Lockheed Martin, and RSC Energia. Other Prominent Vendors in the market are: Analytical Graphics (AGI), Electro-Optic Systems (EOS), ExoAnalytic Solutions, and Orbital ATK.

The analysts forecast Global Space Debris Monitoring and Removal Market to grow at a CAGR of 4.46% during the period 2017-2021. One trend in the market is use of self-replicating robots for debris removal.

Space missions face a number of roadblocks related to broadcasting over a long distance into space. This also involves a high magnitude of energy and results in high costs for the radio signal.

To address these challenges, the use of infrared lasers has been proposed for point-to-point communications across the solar system and into the galaxy.”

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According to the report, one driver in the market is space tourism concepts gaining traction. With the advances in technology and chain of successful launches, a new segment of tourism, Space Tourism, is gaining traction.

It is a safe venture into space for a limited duration that highlights the view of the Earth from outer space and imparts the experience of weightlessness of space, zero gravity effect,. Space tourism, though a far-fetched concept for masses, can be expected to attract tourists with financial viability in the near future.

Space vehicles, such as the ones developed and operated by Blue Origin and Virgin Galactic, can pave the way to this concept.

About Space Debris Monitoring and Removal

Man-made satellites have crowded the outer atmospheric region to benefit mankind. Satellites derive their nomenclature depending on their distance from the Earth's surface and the orbit in which they revolve.

For over several years (since 1957), satellites have been launched into space without a proper deorbiting technique, which has resulted in forming space debris or wreckage. Space debris can be non-functional spacecraft, abandoned launch vehicle stages, mission-related debris, fragmentation debris, and others.

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Further, the report states that one challenge in the market is holding on to debris and its disposal. Finding large debris and seizing it is challenging from mission design and mechanical perspectives and necessitates extensive planning.

Further, these kinds of operations require high-precision guidance and control as the targeted object often tumbles, making the attachment lose and unstable. A generic ADR system, which is usually used in these operations, should be versatile enough to handle the different physical designs, such as antennas and solar panels, of target objects.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

This report, Global Space Debris Monitoring and Removal Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Airbus
  • Boeing
  • Lockheed Martin
  • RSC Energia

Other prominent vendors

  • Analytical Graphics (AGI)
  • Electro-Optic Systems (EOS)
  • ExoAnalytic Solutions
  • Orbital ATK

Market driver

  • Space tourism concepts gaining traction
  • For a full, detailed list, view our report

Market challenge

  • Holding on to debris and its disposal
  • For a full, detailed list, view our report

Market trend

  • Use of self-replicating robots for debris removal
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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