Technavio has been monitoring the space debris monitoring and removal market and it is poised to grow by USD 610.47 mn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Space Debris Monitoring and Removal Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
Emerging ADR concepts is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.35% and the incremental growth of the market is anticipated to be 610.47 million. - Who are the top players in the market?
Airbus SE, Analytical Graphics Inc., Astroscale Holdings Inc., BAE Systems Plc, Boeing Corp., Cobham Plc, Electro Optic Systems Holdings Ltd., Lockheed Martin Corp., Northrop Grumman Corp., and S.P. Korolev Rocket and Space Corp. Energia, are some of the major market participants. - What is the key market driver?
The rising amount of space debris is one of the major factors driving the market. - How big is the North America market?
The North America region will contribute 39% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Airbus SE, Analytical Graphics Inc., Astroscale Holdings Inc., BAE Systems Plc, Boeing Corp., Cobham Plc, Electro Optic Systems Holdings Ltd., Lockheed Martin Corp., Northrop Grumman Corp., and S.P. Korolev Rocket and Space Corp. Energia are some of the major market participants. The rising amount of space debris will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Space Debris Monitoring and Removal Market 2020-2024: Segmentation
Space Debris Monitoring and Removal Market is segmented as below:
- Application
- Space Debris Removal Technology
- Space Debris Monitoring Technology
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Space Debris Monitoring and Removal Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The space debris monitoring and removal market report covers the following areas:
- Space Debris Monitoring and Removal Market Size
- Space Debris Monitoring and Removal Market Trends
- Space Debris Monitoring and Removal Market Industry Analysis
This study identifies emerging ADR concepts as one of the prime reasons driving the space debris monitoring and removal market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Space Debris Monitoring and Removal Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist space debris monitoring and removal market growth during the next five years
- Estimation of the space debris monitoring and removal market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the space debris monitoring and removal market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of space debris monitoring and removal market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market Characteristics
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Space debris removal technology Market size and forecast 2019-2024
- Space debris monitoring technology Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Airbus SE
- Analytical Graphics Inc.
- Astroscale Holdings Inc.
- BAE Systems Plc
- Boeing Corp.
- Cobham Plc
- Electro Optic Systems Holdings Ltd.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- S.P. Korolev Rocket and Space Corp. Energia
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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