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Astroscale and Northrop Grumman hold a significant share of over 20% in the market. The company specializes in end-of-life satellite services and active debris removal. Innovative technologies from Astroscale, such the ELSA-d mission, underscores its capability of deorbiting and capturing retired satellites. Astroscale works with partners worldwide to develop debris removal systems, with an emphasis on operational safety and sustainability, reducing space debris and maintaining a sustainable space environment.
Northrop Grumman, based in the U.S., is a key player in satellite servicing and space debris removal. The Mission Extension Vehicle (MEV) and MEV-2 spacecraft, developed by the firm, are intended to increase the operational life of satellites by offering in-orbit service. Furthermore, Northrop Grumman is utilizing its experience in aerospace and military to create cutting-edge technology for debris mitigation and removal, improving the sustainability of space operations and safeguarding vital space assets.
Major players operating in the space debris removal services industry are:
Altius Space Machines, Astroscale, Aurora Propulsion Technologies Oy, Clearspace, Dark, D-Orbit, Kall Morris Incorporated, And Northrop Grumman
North America industry accounted for 37% market share in 2023 due to the pioneering efforts of North American economies in space technology and policy.
The commercial segment in the space debris removal services market will register over 13% CAGR during 2024 and 2032 due to the growing involvement of private organizations in satellite deployment and space operations.
The market size for space debris removal services was valued at USD 519.6 million in 2023 and is anticipated to grow over 11% CAGR between 2024 and 2032 owing to the growing satellite constellations.