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Global Space Debris Monitoring and Removal Market 2018-2022 - Market will Generate a Revenue of Close to USD 2.9 Billion - ResearchAndMarkets.com

[August 15, 2018]

Global Space Debris Monitoring and Removal Market 2018-2022 - Market will Generate a Revenue of Close to USD 2.9 Billion - ResearchAndMarkets.com

The "Global Space Debris Monitoring and Removal Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global space debris monitoring and removal market will generate a revenue of close to USD 2.9 billion by 2022.

Global Space Debris Monitoring and Removal Market 2018-2022, 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.

Space debris monitoring and removal play a significant role in the control of the amount of debris present in space. The high number of non-functional objects in Earth's spatial environment due to spatial collisions between natural and artificial satellites or spacecraft is the prime factor that is increasing the demand for monitoring and removal of space debris.

One trend in the market is emerging ADR concepts. In the last decade, the space debris population has witnessed rapid growth in the LEO and is expected to continue growing even with the widespread adoption of mitigation measures. ADR is required to stabilize the growth of space debris, but more importantly, a check should be monitored for any newly launched objects so that they are in compliance with post-mission disposal guidelines.

According to the report, one driver in the market is rising amount of space debris. As of now, there are 40,000 tracked objects in the orbit, of which about half remain in space and are regularly tracked by the US Space Surveillance Network and maintained in its catalog. One-fourth of the cataloged objects are satellites out of which less than 30% are operational and are spent upper stages and mission-related objects, such as launch adapters and lens covers.

Further, the report states that one challenge in the market is damaging impact of hypervelocity particles. Man-made space debris and natural meteoroids moving at high speed can damage satellites and spacecraft. If the particle travels sufficiently fast, electromagnetic radiation is generated from the impact, which can damage and disable the spacecraft's electronic systems.

Key vendors