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Space Debris Monitoring and Removal Industry Report 2024: Industry Size, Share, Trends, Opportunity, & Forecasts 2018-2028

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DUBLIN, March 5, 2024 /PRNewswire/ — The “Space Debris Monitoring and Removal Market – Global Industry Size, Share, Trends, Opportunity, & Forecast 2018-2028” report has been added to ResearchAndMarkets.com’s offering.

The Global Space Debris Monitoring and Removal Market size reached USD 1.32 billion in 2022 and is expected to grow with a CAGR of 6.94% in the forecast period, reaching USD 1.99 billion

The global space debris monitoring, and removal market is gaining significant attention due to the increasing concern over the growing amount 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. These debris pose a significant threat to operational satellites, spacecraft, and even the International Space Station (ISS).

The market for space debris monitoring and removal is driven by the need to ensure the long-term sustainability of space activities and to mitigate the risks associated with space debris collisions. Monitoring systems, such as ground-based radars and space-based sensors, are used to track and catalog space debris, providing crucial data for space agencies and operators to assess collision risks and plan avoidance maneuvers.

In recent years, there has been a growing focus on developing technologies and strategies for space debris removal. Various methods are being explored, including active debris removal (ADR) missions, where dedicated spacecraft are deployed to capture and deorbit space debris, and passive debris removal techniques, such as designing satellites with built-in deorbiting capabilities.

The market is also witnessing collaborations between space agencies, private companies, and research institutions to develop innovative solutions for space debris monitoring and removal. For example, the European Space Agency (ESA) has initiated the Clean Space initiative, which aims to develop technologies and techniques for debris removal and sustainable space operations.

However, the space debris monitoring, and removal market faces several challenges. These include the high costs associated with developing and deploying debris removal missions, the complexity of capturing and deorbiting space debris, and the need for international cooperation and regulatory frameworks to address the issue on a global scale. In conclusion, the global space debris monitoring, and removal market is driven by the need to ensure the long-term sustainability of space activities and mitigate the risks posed by space debris.

The market is witnessing advancements in monitoring systems and the development of innovative technologies for debris removal. Collaboration between space agencies, private companies, and research institutions is crucial for addressing the challenges and ensuring the effective management of space debris.

Key Market Drivers

Increasing Space Activities

Drivers:

Growing Space Activities: The rise in satellite launches and space missions has led to a buildup of space debris, necessitating effective monitoring and removal solutions.Risk to Satellites: Operational satellites face significant risks from collisions with space debris, impacting critical services such as communication and weather forecasting.Safety of the ISS: The International Space Station (ISS) is constantly at risk of collisions with space debris, highlighting the need for monitoring and removal efforts to ensure crew safety.Regulatory Initiatives: Governments and space agencies are initiating regulations to promote space debris monitoring and removal, encouraging technological advancements in the field.

Technological Advancements:

Improved Monitoring Technologies: Advances in ground-based radars, space-based sensors, and optical telescopes enable more accurate tracking and cataloging of space debris.Innovative Removal Techniques: Development of capture mechanisms such as robotic arms, nets, and harpoons for active debris removal missions, along with passive removal methods like built-in deorbiting capabilities in satellites.

Commercial Space Industry Growth:

Increased Satellite Deployment: The growth of the commercial space industry, including satellite constellations and space tourism, amplifies the need for space debris monitoring and removal.Sustainability Awareness: Stakeholders recognize the importance of space sustainability, driving demand for debris monitoring and removal technologies.

Collaborative Efforts:

International Cooperation: Collaboration between space agencies, private companies, and research institutions facilitates resource-sharing and technology development for effective debris management.Partnerships for Solutions: Joint initiatives and partnerships aid in the development of global frameworks and standards for space debris management.

Key Market Challenges

Complex Nature of Space Debris:

Variety of Debris: Space debris comprises diverse objects, varying in size, shape, and composition, posing challenges for tracking and removal efforts.Dynamic Orbital Paths: Changing trajectories of debris require constant monitoring and adjustment of removal strategies, adding complexity to cleanup operations.

High Costs and Limited Resources:

Investment Requirements: Monitoring and removal efforts incur significant costs for technology development, infrastructure deployment, and spacecraft missions, necessitating collaboration to share financial burdens.Resource Constraints: Limited resources for tracking and removal, including coverage and sensitivity limitations of current monitoring systems and capacity constraints for debris removal missions.

International Cooperation and Legal Frameworks:

Diverse National Interests: Varying national interests, policies, and priorities can hinder consensus on monitoring and removal strategies, requiring international cooperation.Regulatory Evolution: Evolving legal and regulatory frameworks necessitate clear guidelines and standards for satellite operators and removal missions, requiring collaboration among stakeholders.

Technological Limitations:

Tracking Challenges: Difficulty in tracking small debris particles and accurately predicting their trajectories presents technological hurdles.Removal Complexity: Capturing and deorbiting large debris objects require advanced robotics and spacecraft technologies, challenging current capabilities.

Space Traffic Management:

Increased Complexity: Growing satellite deployments heighten the complexity of space traffic management, necessitating effective protocols and systems for collision avoidance.Planning Protocols: Developing collision avoidance protocols and maneuver planning frameworks becomes essential for safe space operations.

Public Awareness and Funding:

Visibility Challenge: Space debris is often an invisible issue to the public, requiring efforts to raise awareness about its risks and consequences.Funding Needs: Securing adequate funding for monitoring and removal initiatives is crucial for addressing space debris challenges effectively.

Key Market Trends

Advancements in Monitoring Technologies:

Sophisticated Sensors: Ground-based radars, space-based sensors, and optical telescopes are becoming more advanced, enabling better tracking and cataloging of space debris.Automated Analysis: Integration of AI and ML technologies allows for automated analysis of vast amounts of data, enhancing tracking accuracy and efficiency.

Focus on Removal Solutions:

Active Debris Removal: Development of capture mechanisms and spacecraft missions for active debris removal, alongside passive removal techniques integrated into satellite designs.Technological Innovations: Advancements in robotics and spacecraft technologies drive innovation in debris removal solutions, aiming for safer and more efficient cleanup operations.

Collaborative Initiatives:

Global Partnerships: Collaboration between stakeholders fosters the sharing of resources, expertise, and technologies for effective debris management.Regulatory Cooperation: International cooperation leads to the development of global guidelines and standards for space debris monitoring and removal.

Sustainability Awareness:

Growing Recognition: Stakeholders increasingly recognize the importance of space sustainability, fueling demand for technologies and initiatives addressing space debris challenges.Public Engagement: Efforts to raise public awareness about space debris risks and consequences drive support for funding and initiatives in the field.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Space Debris Monitoring and Removal Market.

Airbus SASAltius Space Machines, Inc.Astroscale Holdings Inc.D-Orbit SpALockheed Martin CorporationNorthrop Grumman CorporationPAO S.P. Korolev RSC EnergiaThe Boeing Company

Report Scope

Space Debris Monitoring and Removal Market, By Purpose:

Space Debris RemovalSpace Debris Monitoring

Space Debris Monitoring and Removal Market, By Debris Size:

Larger than 10 cmBetween 1 and 10 cmBetween 1 mm and 1 cm

Space Debris Monitoring and Removal Market, By End Use:

CommercialDefense

Space Debris Monitoring and Removal Market, By Region:

North AmericaUnited StatesCanadaMexicoEurope & CISGermanySpainFranceRussiaItalyUnited KingdomBelgiumAsia-PacificChinaIndiaJapanIndonesiaThailandAustraliaSouth KoreaSouth AmericaBrazilArgentinaColombiaMiddle East & AfricaTurkeyIranSaudi ArabiaUAE

For more information about this report visit https://www.researchandmarkets.com/r/fmp237

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

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SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

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