Space Debris Removal is expected to grow with a CAGR of 41.7% from 2024 to 2031.

This report describes the global market size of Space Debris Removal from 2019 to 2022 and its CAGR from 2019 to 2023, and also forecasts its market size to the end of 2031 and its expected to grow with a CAGR of 41.7% from 2024 to 2031.

Due to the COVID-19 pandemic, the global market for Space Debris Removal estimated at US 0.8 $ billion in the year 2023, is projected to reach a revised size of US 15.459 $ Billion by 2031, growing at a CAGR of 41.7% during the forecast period 2024-2031.

Space debris removal refers to the process of actively removing defunct satellites, spent rocket stages, and other debris from Earth’s orbit to mitigate the growing problem of space debris. This effort aims to reduce the risk of collisions between active satellites and debris, safeguarding operational spacecraft and ensuring the sustainability of space activities.

Top Companies in the Global Space Debris Removal Market: Astroscale, ClearSpace, Surrey Satellite Technology Ltd, Northrop Grumman, Kall Morris Incorporated, others.

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The Space Debris Removal market can be divided based on product types and its sub-type, major applications and Third-Party usage area, and important regions.

By Debris Size
1mm to 10mm
10mm to 100mm
Greater than 100mm

By Orbit
LEO
MEO
GEO

By Operation
Single Technique
Multiple Techniques

By Technique
Direct Debris Removal
Robotic Arms
Harpoons and Nets
Other Direct Debris Removal Techniques
Indirect Debris Removal
Drag Sail
Electrodynamic Tether
Other Indirect Debris Removal Techniques

By End User
Commercial
Government

Business opportunities of Space Debris Removal Market in the following regions and countries:

North America (USA, Canada and Mexico)
Europe (Germany, Great Britain, France, Italy, Russia, Spain and Benelux countries)
Asia Pacific (China, Japan, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina and Colombia)
Remaining Countries

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