According to recent market analysis, the global space debris monitoring and removal market was valued at USD 866.4 million in 2021 and is expected to grow from USD 942.3 million in 2022 to USD 1,527.7 million by 2029, registering a CAGR of 7.15% during the forecast period. North America held the largest share, accounting for 31% of the market in 2021, driven by advanced space surveillance infrastructure and strong government initiatives to mitigate orbital debris risks.

This information is provided by Fortune Business Insights, in its report titled, “Space Debris Monitoring and Removal Market, 2022-2029.”

List of Key Players Mentioned in the Report:

• Airbus S.A.S (Netherlands)
• Astroscale (Netherlands)
• ClearSpace (Switzerland)
• Electro Optic Systems (Australia)
• Lockheed Martin Corporation (U.S.)
• Northrop Grumman Corporation (U.S.)
• Orbit Guardians (U.S.)
• Obruta (Canada)
• Share my space (France)
• Voyager Space Holdings Inc. (U.S.)

Information Source:

https://www.fortunebusinessinsights.com/space-debris-monitoring-and-removal-market-104070

Segments:

Space Debris Removal Segment to Grow at a Greater CAGR Due to Rising Debris Removal Missions by Numerous Space Agencies

Based on application, the market is bifurcated into space debris monitoring and space debris removal. The space debris removal segment is anticipated to show significant growth during the forecast period due to rising development of initiatives by space agencies for the removal of space debris.