The active space debris removal market is influenced by several factors that contribute to its growth. The factors include the increasing regulations from various international space agencies, such as the Inter-Agency Space Debris Coordination Committee, and national agencies, such as the Federal Communication Commission of the U.S., which have been making recommendations and regulations for the satellite manufacturers to make sure that they won’t increase the existing debris problem.
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The Low Earth Orbit is the most densely packed orbit with debris, and thus the market share for removing the particles and dead satellites from this orbit is huge, next comes the Geosynchronous Equatorial Orbit, and at last is the Middle Earth Orbit. Each orbit helps in providing services, and the number of satellites launched into those orbits has significant roles to play. The cost associated with removing the debris article is low for the low earth orbit satellites and increases as we go higher. The RemoveDEBRIS mission demonstrated the debris removal mission by capturing and removing debris particles from the low earth orbit in 2018.
The robotic arm removal technique is found to be the most effective way to capture the orbital debris at present. This trend is expected to grow over the years as this provides a better solution compared to nets, tethers, or harpoons lasers. Next comes the harpoons and nets, and the use of harpoons are given the least preference by the manufacturers. The cost associated with the use of lasers for debris mitigation is too high as the power required to remove an object from orbit is high, and hence the market for lasers is very low.
Having the greatest number of satellites from the region, especially from the U.S., the Space Liability Convention clearly states that the country responsible for the launch of the satellite will be held responsible for any damage caused by the satellite. Being the global leader in the satellite industry, the North American region is expected to have a major share of the market during the forecast period.
The competitive landscape of the active space debris removal market consists of different strategies taken up by the key players to increase their market share. The strategies include new product launches, business expansions, raising funds, contracts, mergers, collaborations, partnerships, and joint ventures, among others.
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The companies in this industry have strategic partnerships with various government space agencies such as the Japan Aerospace Exploration Agency, Indian Space Research Organization, National Aeronautics and Space Administration. Product development and innovations have been the key strategies adopted by the companies to increase their market presence globally and to attract new contracts for their products.
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