Product ID: UCMIG20A2047
Space Debris Monitoring and Removal Market Size, Share, Growth Analysis, By Application(Space Debris Monitoring, Space Debris Removal), By Debris Size Range(1mm to 1cm Debris Size, 1cm to 10cm Debris Size), By Orbit Type(Low Earth Orbit (LEO), Geostationary Earth Orbit (GEO)), By End-use(Commercial, Defense), By regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20A2047 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Space Debris Monitoring and Removal Market Insights
Market Overview:
The 2021 value of the worldwide market for monitoring and removing space debris was USD 866.4 million. However, due to the COVID-19 pandemic, the market saw a decrease in demand in all regions compared to pre-pandemic levels. In 2020, the market declined by -3.7% compared to 2019. Despite this, the market is predicted to grow from USD 942.3 million in 2022 to USD 1,527.7 million by 2029, with a compound annual growth rate (CAGR) of 7.15% during the forecast period.
Space Debris Monitoring and Removal Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Space Debris Monitoring and Removal Market Report Snapshots
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