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Global Space Debris Monitoring and Removal Market - Analysis, Technologies & Forecasts to 2021 - Space Tourism Concepts Gaining Traction - Research and Markets

[August 28, 2017]

Global Space Debris Monitoring and Removal Market - Analysis, Technologies & Forecasts to 2021 - Space Tourism Concepts Gaining Traction - Research and Markets

The "Global Space Debris Monitoring and Removal Market 2017-2021" report has been added to Research and Markets' offering.

The global space debris monitoring and removal market to grow at a CAGR of 4.46% during the period 2017-2021.

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.

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.

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, etc. 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.

Key Vendors