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With a CAGR of 11.7% from 2022 to 2030, the value of the global on-orbit satellite servicing market is expected to soar over $6.19 billion by that year. Opportunities to enhance satellite performance, lessen the impact of space debris, and foster long-term sustainability abound in the world's on-orbit satellite service sector. The future of satellite operations and maintenance is likely to be significantly influenced by this sector as technology develops.
Maintenance, repairs, refuelling, and other vital services for satellites in space make up the expanding worldwide on-orbit satellite servicing business. As the number of satellites in orbit increases, so does the demand for efficient and cost-effective solutions to technical problems, to prolong the lifespan of satellites, and to assure optimal performance. The on-orbit satellite servicing industry is being propelled by the increasing use of satellites for communication, Earth observation, navigation, scientific research, and defence. Many of these satellites are put into orbit without the ability to be serviced, increasing the likelihood of their malfunctioning or becoming inefficient over time. On-orbit servicing capabilities have been established thanks to the evolution of cutting-edge robotics, AI, and spacecraft technology. Businesses in this industry focus on on-orbit maintenance, upgrades, payload swaps, and even satellite relocation to increase operational efficiency and longevity.
The global on-orbit satellite service market is broken down in this study according to several segments and regions, with revenue growth projections and analyses of trends provided for each. The research examines the market for on-orbit satellite service, focusing on its growth drivers, prospects, and obstacles. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the on-orbit satellite servicing market is broken down and the report's authors systematically identify and profile the key market participants, then examine those companies' fundamental strengths.
The ageing of the satellite fleet is a key factor propelling the on-orbit satellite service industry. There are a lot of satellites in orbit, and many of them are getting close to the end of their useful lifespan, meaning they will need to be repaired or replaced soon. Most satellites have a certain lifespan, beyond which they may begin to face technical difficulties or a decline in performance. More satellites are being put into orbit to meet the rising demand for satellite-based services like communication, Earth observation, remote sensing, and navigation. Maintenance, repairs, and upgrades to these important assets are necessary for optimal performance and a longer lifespan, and as the number of satellites in orbit grows, so does the demand for on-orbit servicing. There are strict rules governing the satellite service sector when it is in orbit. Activities in space are governed by a variety of international, national, and regional treaties and regulations. The development and implementation of on-orbit servicing missions can be stymied by uncertainty in legal frameworks and worries about liability.
Small satellites, medium satellites, and giant satellites make up the three main segments of the worldwide on-orbit satellite service business. The worldwide on-orbit satellite servicing market is predicted to expand at a particularly rapid clip for the small satellites subsegment throughout the forecast period. The small, inexpensive satellites were gaining in popularity because of their adaptability and affordability. Because of this, the on-orbit satellite service industry was anticipated to be dominated by the small satellites sector. Globally, the market for servicing satellites in orbit is segmented into four submarkets: active debris removal (ADR), orbit adjustment, robotic servicing, refuelling, and assembly. During the forecast period, the active debris removal (ADR) and orbit adjustment subsegment of the worldwide on-orbit satellite service market is anticipated to account for the highest proportion of the overall market. The market for on-orbit satellite maintenance is split into several submarkets, one of which, Active Debris Removal (ADR) and Orbit Adjustment, is concerned with the ever-increasing problem of space debris and the optimisation of satellite orbits. Capturing and deorbiting obsolete satellites or huge space debris items safely into Earth's atmosphere for controlled re-entry or transferring them to a graveyard orbit are two methods used in ADR operations.
Report Coverage
Global On-Orbit Satellite Servicing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global On-Orbit Satellite Servicing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and On-Orbit Satellite Servicing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key On-Orbit Satellite Servicing market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global On-Orbit Satellite Servicing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, On-Orbit Satellite Servicing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global On-Orbit Satellite Servicing market based on the below-mentioned segments:
Global On-Orbit Satellite Servicing Market, By Type
Small Satellites
Medium Satellites
Large Satellites
Global On-Orbit Satellite Servicing market, By Service
Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refueling
Assembly
Global On-Orbit Satellite Servicing Market, By End User
Military & Government
Commercial
Global On-Orbit Satellite Servicing market, Regional Analysis
Maintenance, repairs, refuelling, and other vital services for satellites in space make up the expanding worldwide on-orbit satellite servicing business. As the number of satellites in orbit increases, so does the demand for efficient and cost-effective solutions to technical problems, to prolong the lifespan of satellites, and to assure optimal performance. The on-orbit satellite servicing industry is being propelled by the increasing use of satellites for communication, Earth observation, navigation, scientific research, and defence. Many of these satellites are put into orbit without the ability to be serviced, increasing the likelihood of their malfunctioning or becoming inefficient over time. On-orbit servicing capabilities have been established thanks to the evolution of cutting-edge robotics, AI, and spacecraft technology. Businesses in this industry focus on on-orbit maintenance, upgrades, payload swaps, and even satellite relocation to increase operational efficiency and longevity.
The global on-orbit satellite service market is broken down in this study according to several segments and regions, with revenue growth projections and analyses of trends provided for each. The research examines the market for on-orbit satellite service, focusing on its growth drivers, prospects, and obstacles. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the on-orbit satellite servicing market is broken down and the report's authors systematically identify and profile the key market participants, then examine those companies' fundamental strengths.
The ageing of the satellite fleet is a key factor propelling the on-orbit satellite service industry. There are a lot of satellites in orbit, and many of them are getting close to the end of their useful lifespan, meaning they will need to be repaired or replaced soon. Most satellites have a certain lifespan, beyond which they may begin to face technical difficulties or a decline in performance. More satellites are being put into orbit to meet the rising demand for satellite-based services like communication, Earth observation, remote sensing, and navigation. Maintenance, repairs, and upgrades to these important assets are necessary for optimal performance and a longer lifespan, and as the number of satellites in orbit grows, so does the demand for on-orbit servicing. There are strict rules governing the satellite service sector when it is in orbit. Activities in space are governed by a variety of international, national, and regional treaties and regulations. The development and implementation of on-orbit servicing missions can be stymied by uncertainty in legal frameworks and worries about liability.
Small satellites, medium satellites, and giant satellites make up the three main segments of the worldwide on-orbit satellite service business. The worldwide on-orbit satellite servicing market is predicted to expand at a particularly rapid clip for the small satellites subsegment throughout the forecast period. The small, inexpensive satellites were gaining in popularity because of their adaptability and affordability. Because of this, the on-orbit satellite service industry was anticipated to be dominated by the small satellites sector. Globally, the market for servicing satellites in orbit is segmented into four submarkets: active debris removal (ADR), orbit adjustment, robotic servicing, refuelling, and assembly. During the forecast period, the active debris removal (ADR) and orbit adjustment subsegment of the worldwide on-orbit satellite service market is anticipated to account for the highest proportion of the overall market. The market for on-orbit satellite maintenance is split into several submarkets, one of which, Active Debris Removal (ADR) and Orbit Adjustment, is concerned with the ever-increasing problem of space debris and the optimisation of satellite orbits. Capturing and deorbiting obsolete satellites or huge space debris items safely into Earth's atmosphere for controlled re-entry or transferring them to a graveyard orbit are two methods used in ADR operations.
Report Coverage
Global On-Orbit Satellite Servicing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global On-Orbit Satellite Servicing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and On-Orbit Satellite Servicing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key On-Orbit Satellite Servicing market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of On-Orbit Satellite Servicing Market from 2021 to 2030.
- Market Forecast for On-Orbit Satellite Servicing Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, On-Orbit Satellite Servicing competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on On-Orbit Satellite Servicing
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global On-Orbit Satellite Servicing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, On-Orbit Satellite Servicing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France).
Primary Target Market
- Market Players of On-Orbit Satellite Servicing
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global On-Orbit Satellite Servicing market based on the below-mentioned segments:
Global On-Orbit Satellite Servicing Market, By Type
Small Satellites
Medium Satellites
Large Satellites
Global On-Orbit Satellite Servicing market, By Service
Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refueling
Assembly
Global On-Orbit Satellite Servicing Market, By End User
Military & Government
Commercial
Global On-Orbit Satellite Servicing market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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