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
By Technique, Orbit, Debris Size, End User, Operation and Region
Regions covered
North America, Europe, Asia Pacific, RoW
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
TABLE OF CONTENTS
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
TABLE 99 TETHERS UNLIMITED, INC.: COMPANY OVERVIEW
14.2.8 GLYCANSPACEXR
TABLE 100 GLYCANSPACEXR: COMPANY OVERVIEW
14.2.9 EXPLORATION LABORATORIES LLC.
TABLE 101 EXPLORATION LABORATORIES LLC.: COMPANY OVERVIEW
14.2.10 KINETIK SPACE
TABLE 102 KINETIK SPACE: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.