Space Debris Monitoring and Removal Market Size, Share, Growth Analysis, By Debris Size Range, By Orbit Type, By Application, By Region - Industry Forecast 2025-2032

Space Debris Monitoring and Removal Market size was valued at USD 1.08 Billion in 2023 and is poised to grow from USD 1.16 Billion in 2024 to USD 1.88 Billion by 2032, growing at a CAGR of 7.15% during the forecast period (2025-2032).

Space debris monitoring and removal is a series of operations and systems that are needed to identify as well as limit the number of space debris or space junk in the orbit of Earth. It is important because, at present, the orbit of our planet is overcrowded with deceased satellites, rocket parts, lens caps, lens cover, gloves from previous spacewalks, and many other items made by people. Such debris is dangerous because they can hit operational satellites or spacecraft. Therefore, monitoring and removal are critical for maintaining space situational awareness and space sustainability. The rise in development costs and regulatory compliance concerning the international space regulations and agreement act as a significant barrier to the growth of the market across the globe. However, the rise in demand for space tourism and technological advancements create extensive room in the growth of space debris monitoring market during the given forecast period.

The exponential growth of space debris and its potential threat to operational satellites, space missions and space explorations in the future have resulted in the fact that many governments have initiated various policy frameworks and national strategies to reduce such a threat. It creates a basis for investment in the field of space debris mitigation and monitoring technologies. Many satellites that are now operating are relatively old, and most of them remain operational for up to 20-25 years. The situation contributes to the sources of space debris as the satellites contribute to the growth of this debris when they become defunct. In addition, satellites are at risk of derelict objects also end up being debris. In either case, the need to address this problem enhances the demand for monitoring, removal and end-of-life solutions.