Space Debris Monitoring and Removal Market 2028 By Size, Share, Trends, Opportunities, Forecast
The increasing space activities, the risk to operational satellites, and the need for space sustainability are the factors driving market in the forecast period 2024-2028 According to TechSci Research report, “ Space Debris Monitoring and Removal Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Space Debris Monitoring and Removal Market stood at USD 1.32 Billion in 2022 and is anticipated to grow with a CAGR of 6.94% in the forecast period, 2024-2028 The global space debris monitoring, and removal market is experiencing significant growth and attention due to the increasing concern over the accumulation of space debris in Earth's orbit. Space debris, also known as space junk, consists of defunct satellites, spent rocket stages, and other fragments resulting from human activities in space. This debris poses a significant threat to operational satellites, spacecraft, and even the International Space Station (ISS). The market ...