Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
This report outlines deep insights into the industry's future progression and market penetration. Highlighting critical aspects of technological innovation, increasing satellite launches, and growing market opportunities within the Asia Pacific region, the study predicts a compounded annual growth rate (CAGR) of a remarkable 41.7% from 2023 to 2028.
The intricate analysis categorizes space debris removal by techniques, orbit, debris size, end-user, operation, and geographic regions, offering stakeholders a panoramic view of the current market landscape and future growth trajectories.
The indirect debris removal segment, known for its high-precision deorbiting systems, is poised to capture a significant market share. As environmental concerns surge, so does the urgency for more effective space debris management solutions.
In terms of operations, the multiple technique segment is anticipated to take a considerable share, capitalizing on the demand for multipurpose removal systems capable of addressing various debris sizes through a single mission.
Demographically, the Asia Pacific region emerges as a high-growth market. It owes its rising prominence to the substantial investments made by regional powerhouses in space infrastructure and their commitment to ensuring long-term space sustainability.
The leading market participants profiled in this report, who are spearheading the innovations and strategic advancements in the space debris removal sector, are integral to industry progress.
The market research provides an exhaustive account of:
- Debris Size Segment Growth: An analysis of the growth dynamics across different debris size categories.
- Adoption of Removal Techniques: Evaluation of direct and indirect space debris removal techniques, assessing their market adoption.
- Market Expansion Strategies: A scrutinized study of development strategies adopted by key global players across diverse regions.
This in-depth market study also delivers a competitive analysis of industry leaders. It delves into their business models, product portfolios, and strategic initiatives, assisting stakeholders in fortifying their market positions and aligning their strategies with current and emergent industry trends.
With the increasing density of space debris and the ascending emphasis on international collaboration for space security, the report elucidates key market drivers, challenges, and opportunities that will shape the industry's journey towards a cleaner, safer space environment for future generations.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 167 |
| Forecast Period | 2023-2028 |
| Estimated Market Value (USD) in 2023 | $0.1 Billion |
| Forecasted Market Value (USD) by 2028 | $0.6 Billion |
| Compound Annual Growth Rate | 41.7% |
| Regions Covered | Global |
Companies Mentioned
- Astroscale
- Clearspace
- Surrey Satellite Technology Ltd.
- Northrop Grumman
- Kall Morris Incorporated
- D-Orbit
- Altius Space Machines
- Obruta Space Solutions Corp.
- Trans Astronautica Corporation. (Transastra)
- Dark
- Aurora Propulsion Technologies Oy
- Redwire Corporation
- HPS GmbH
- Electro Optic Systems
- Sky Perfect JSAT Holdings Inc.
- NPC Spacemind
- Origin.Space
- Skyrora Limited
- Orbotic Systems Inc.
- Orbitguardians
- Kurs Orbital
- Tethers Unlimited, Inc.
- Glycanspacexr
- Exploration Laboratories LLC
- Kinetik Space
For more information about this report visit https://www.researchandmarkets.com/r/59b4m7
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