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Active Space Debris Removal Market - A Global Market and Regional Analysis

Focus on Space Debris Removal Techniques, Mode of Operation, Autonomy, Debris-Size, and Orbit - Analysis and Forecast, 2020-2030

 
Some Faq's

Frequently Asked Questions

 Answer - According to BIS Research analysts, the global market for active space debris removal is expected to observe a significant CAGR of 27.66% over the period 2020-2030. 

Answer - The increasing amount of space debris, rising investment in space tourism, and strict regulations from international associations are supporting the market growth in the coming years. Furthermore, the increasing risk of future satellite mega-constellations and low market competition have offered significant opportunities to companies investing in the sector. 

Answer - The North America region, which includes the U.S. and Canada, is estimated to dominate the global market with an overall share of 61.43% in 2030 due to the increasing investment of companies in the region. 

Answer - Due to the high costs associated with R&D of the system and lack of required infrastructure in developing nations, the market faces critical challenges in terms of growth. Additionally, the unexpected COVID-19 outbreak is likely to impact the growth in near future.  

Answer - Several leading companies such as Airbus S.A.S., Lockheed Martin Corporation, European Space Agency, ISRO, and Northrop Grumman Corporation, offer products and services in the sector. 

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