On-Orbit Satellite Servicing Market by Service (Active Debris Removal (ADR) and Orbit Adjustment, Robotic Servicing, Refueling, Assembly), End User (Military & Government, Commercial), Orbit, Type and Region - Global Forecast to 2030
[195 Pages Report] The on-orbit satellite servicing market is estimated to be USD 2.4 billion in 2023 and is projected to reach USD 5.1 billion by 2030, at a CAGR of 11.5% from 2023 to 2030. The market is driven by factors such as different value chain levels for vendors, increased use of dedicated satellite servicing mission extension vehicles, among others.
On-Orbit Satellite Servicing Market Forecast to 2028
To know about the assumptions considered for the study, Request for Free Sample Report
On-orbit satellite servicing Market Dynamics:
Drivers: Aging satellite population
The aging satellite population is one of the key drivers of the on-orbit satellite servicing market. Many satellites in orbit are approaching the end of their operational lives and require maintenance or replacement to continue functioning. Satellites are typically designed to operate for a fixed period, after which they may experience technical problems or degradation in performance.
The demand for on-orbit satellite services such as life extension, servicing, and repair is increasing as a result of the aging satellite population. These services can help extend the lifespan of existing satellites, reducing the need for costly launches of new satellites from Earth. For example, satellites that are reaching the end of their operational lives can be refueled or repaired in orbit rather than being replaced with a new satellite.
On-orbit satellite servicing can also help address technical issues that arise during a satellite's operational life. Satellites may experience failures or degradation in performance due to exposure to harsh space environments, and on-orbit servicing can help identify and address these issues. This can help ensure that satellite-based services such as communication, navigation, and remote sensing remain operational and reliable.
As more satellites approach the end of their operational life, the demand for on-orbit satellite services is expected to grow, driving innovation and investment in this market.
Restraints: Technological complexity
The on-orbit satellite servicing market, which includes life extension, salvage operations, and satellite repair and alteration, faces technological complexity as a significant restraint. Providing on-orbit satellite services requires advanced technology and specialized expertise, which can be expensive to develop and maintain. In many cases, these services require highly skilled personnel, specialized equipment, and software. For example, repairing or altering a satellite in orbit requires precise control of robotic arms, specialized tools, and communication systems.
Moreover, the technology required to provide on-orbit satellite services is constantly evolving, and companies need to invest heavily in R&D to stay competitive. This can create a high barrier for new companies looking to enter the market. In addition, on-orbit satellite services may be subject to unique technical challenges, such as operating in a zero-gravity environment, managing the effects of radiation and temperature extremes, and managing the logistics of servicing satellites that are often in different orbits and locations.
Companies need to have the resources and expertise to develop and maintain advanced technology, as well as the ability to adapt to new technical challenges as they arise.
Opportunities: More cost-effective than new satellite launches
On-orbit satellite services can be more cost-effective than launching new satellites. By extending the life of existing satellites, companies can avoid the costs of designing, building, and launching new satellites, which can be significant. By providing life extension services, companies can help satellite operators avoid the costs associated with designing, building, and launching new satellites. This can be a cost-effective way for operators to maintain their existing satellite networks and avoid the significant costs of replacing them. On-orbit satellite services can also help reduce costs by repairing or modifying satellites that are experiencing technical issues or are no longer functioning as intended. By repairing or modifying these satellites, operators can avoid the costs of launching new ones and maintain their satellite networks with minimal disruption. On-orbit satellite services can also help improve operational efficiencies by reducing the need for ground-based testing and reducing the time required to launch and commission new satellites. This can help reduce costs and improve the overall performance of satellite networks. On-orbit satellite service providers can offer customized services that are tailored to the specific needs of individual satellite operators. This can help operators optimize their satellite networks and reduce costs by avoiding unnecessary services or maintenance. The on-orbit satellite servicing market is becoming more competitive, which can lead to cost savings for satellite operators. As more companies enter the market, operators may be able to negotiate better prices for services or benefit from lower costs as a result of increased competition. By leveraging these opportunities, operators can maintain their satellite networks and improve their operational efficiencies while minimizing costs.
Challenges: Rapid advancement in satellite technology to lead to obsolescence of on-orbit satellite services
Rapid advancements in satellite technology can lead to the obsolescence of on-orbit satellite services, particularly for older satellites. Service providers may need to adapt quickly to keep pace with changing technologies. The pace of technological change in the satellite industry can be rapid, with new technologies emerging and existing technologies becoming obsolete at a fast pace. This can make it challenging for on-orbit satellite service providers to keep up with the latest developments and ensure that their services remain relevant and effective. As technology changes, so do regulatory requirements for satellite operators. On-orbit satellite service providers may need to stay up to date on these requirements and adapt their services to ensure compliance with changing regulations. Technological obsolescence can impact the quality of on-orbit satellite services, as older technologies may be less reliable or less effective than newer technologies. Service providers may need to invest in new technologies to maintain the quality of their services, which can be costly.
On-Orbit Satellite Servicing Market Ecosystem
Raw material suppliers, component manufacturers, simulator manufacturers, distributors, and end users such as satellite manufacturers and government space agencies are key stakeholders in the on-orbit satellite servicing market ecosystem. Investors, funders, academic researchers, integrators, service providers, and licensing authorities serve as major influencers in the market. The strategy of securing contracts was widely adopted by leading players, such as Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France) to enhance their presence in the market.
Based on Service, the Active Debris Removal (ADR) and Orbit Adjustment segment is projected to lead the on-orbit satellite servicing market during the forecast period.
Active Debris Removal (ADR) technologies are designed to effectively capture and eliminate space debris in orbit, either by safely deorbiting it back to Earth or relocating it to a graveyard orbit where it poses no threat to other spacecraft. Various approaches exist for ADR, including the use of robotic arms, nets, tethers, and harpoons to capture and remove debris.
ADR offers numerous benefits, foremost among them being the reduction of collisions between spacecraft and space debris. By actively removing debris, ADR helps to minimize the amount of hazardous material present in orbit, thereby enhancing the safety and sustainability of space operations. However, ADR is a highly intricate and challenging task that demands advanced technologies and substantial resources. Additionally, it raises important legal and ethical considerations, such as establishing responsibility for debris cleanup and implementing measures to prevent the generation of new debris in the future.
Currently, multiple companies and organizations, including Astroscale (Japan), ClearSpace (US), and Northrop Grumman Corporation (US), are actively engaged in developing ADR technologies. Furthermore, governments worldwide are exploring policy and regulatory frameworks to address the issue of space debris and promote the adoption of ADR technologies.
Based on End User, the commercial segment is projected to grow at the highest CAGR in the on-orbit satellite servicing market during the forecast period.
The market for commercial on-orbit satellite servicing is rapidly evolving, providing a range of valuable capabilities to commercial satellite operators. These services include in-orbit refueling, repairs, upgrades, and maintenance for satellites. Leading companies such as SpaceLogistics (US) and Astroscale (Japan) are actively involved in this market, developing advanced technologies like robotic arms, fluid transfer systems, and sensors to ensure safe and efficient servicing of satellites in orbit.
The primary advantage of commercial on-orbit satellite servicing lies in its potential to significantly extend the operational lifespan of commercial satellites. By offering services that enhance longevity, operators can continue generating revenue from their satellites for an extended period. This approach also reduces the need for costly and risky satellite replacements, while enabling operators to adapt their existing satellites to match technological advancements and market demands.
Overall, the commercial on-orbit satellite servicing market is poised for rapid growth as more satellite operators recognize the value of maximizing their space assets' utility and profitability through these services..
North America is expected to account for the largest share in the forecasted period.
The on-orbit satellite servicing market in North America is a vibrant and rapidly expanding sector that encompasses a diverse range of activities focused on servicing and maintaining satellites in orbit. This market involves the collaboration of government agencies, private companies, and research institutions, all contributing to the development, deployment, and commercialization of on-orbit satellite servicing technologies and services.
North America, particularly the United States, is at the forefront of on-orbit satellite servicing initiatives. NASA has played a pivotal role in advancing this field through programs like the NASA Satellite Servicing Capabilities Office (SSCO), which concentrates on developing cutting-edge technologies such as robotic systems, tools, and spacecraft rendezvous and docking capabilities.
Private companies in North America have also emerged as significant players in the on-orbit satellite servicing market. These companies offer an array of services including satellite refueling, repairs, upgrades, and maintenance. Notable examples include SpaceLogistics (US), specializing in satellite life extension services, and Northrop Grumman Corporation (US), which provides satellite servicing and robotic capabilities.
The North American market benefits from a robust aerospace and technology industry, strong research and development capabilities, and a supportive regulatory environment. The increasing demand from satellite operators to maximize the lifespan of their assets, reduce costs associated with satellite replacements, and adapt to evolving market needs through upgrades and modifications drives the market's growth.
On-Orbit Satellite Servicing Market by Region
To know about the assumptions considered for the study, download the pdf brochure
Key Market Players
Players such as Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France). The report covers various industry trends and new technological innovations in the on-orbit satellite servicing’companies for the period, 2019-2030.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market Size Available for Years |
2019–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
Forecast Units |
Value (USD Billion) |
|
Segments Covered |
Service, Type, End User, Orbit, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America |
|
Companies Covered |
Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France) among 25 others. |
On-Orbit Satellite Servicing Market Highlights
This research report categorizes the On-orbit satellite servicing market based on Service, Type, End User, Orbit, and Region.
|
Segment |
Subsegment |
|
By Service |
|
|
By Orbit |
|
|
By End User |
|
|
By Type |
|
|
By Region |
|
Recent Developments
- In February 2023, Gilmour Space Technologies and Atomos Space announced the signing of an MOU to explore a multi-year contract for Gilmour and Atomos to mutually purchase the services for launching and in-space transportation.
- In September 2022, Orbit Fab jointly announced the partnership with ClearSpace, joining their £2.2 million contract awarded by the United Kingdom Space Agency (UKSA) to equip the ClearSpace debris-removing satellites with refueling capabilities. To refuel in orbit, ClearSpace will integrate Orbit Fab’s RAFTI™ refueling valve in their Active Debris Removal (ADR) satellite design.
- In September 2022, Thales Alenia Space and its partners have been chosen by the European Commission to lead EROSS IOD, a program dedicated to On-Orbit Servicing.
- In April 2022, Orbit Fab and Neutron Star Systems (NSS) established a cooperative agreement for the co-development of satellite refueling solutions with green propellants. The agreement lays the foundation to increase the range of refuellable propellants by combining NSS propellant-agnostic electric propulsion technology with Orbit Fab’s refueling interfaces and tankers.
- In March 2022, Altius Space Machines, Inc. and US Department of Defense signed a contract. The contract enabled Altius to assist Maxar in developing two flight-ready robotic arms, each 2 meters in length. Each arm will be underactuated, with a single motor running a tensioned cable system to transmit torque to any number of joints, reducing the weight and cost. Altius will supply novel and capable interfaces for each robotic arm, a key technology for the success of the project.
Frequently Asked Questions (FAQ):
What is the current size of the on-orbit satellite servicing market?
The on-orbit satellite servicing market is projected to grow from an estimated USD 2.4 billion in 2023 to USD 5.1 billion by 2030, at a CAGR of 11.1% .
Who are the winners in the on-orbit satellite servicing market?
Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France) are some of the winners in the market.
What are some of the opportunities of the on-orbit satellite servicing market?
Cost-effective than launching new satellites, Environmental Sustainability, Collaboration among different stakeholders are few of the opportunities of the on-orbit satellite servicing market.
What are some of the technological advancements in the market?
Autonomous robots to provide on-orbit satellite services, on-orbit manufacturing, autonomous spacecraft operations, development of dedicated service aircraft among others.
What are the factors driving the growth of the market?
Aging satellite population, Space debris mitigationare some of the key factors driving the growth in the market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The research study conducted on the On-orbit satellite servicing market involved extensive use of secondary sources, including directories, databases of articles, journals on On-orbit satellite servicing , company newsletters, and information portals such as Hoover’s, Bloomberg, and Factiva to identify and collect information useful for this extensive, technical, market-oriented, and commercial study of the On-orbit satellite servicing market. Primary sources are several industry experts from the core and related industries, alliances, organizations, Original Equipment Manufacturers (OEMs), vendors, suppliers, and technology developers. These sources relate to all segments of the value chain of the On-orbit satellite servicing industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and to assess future prospects of the market.
Secondary Research
In the secondary research process, various secondary sources were referred to identify and collect information for this study on the On-orbit satellite servicing market. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers and certified publications; articles from recognized authors; manufacturer's associations; directories; and databases. Secondary research was mainly used to obtain key information about the supply chain of the On-orbit satellite servicing industry, the monetary chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted to obtain qualitative and quantitative information for this report on the On-orbit satellite servicing market. Several primary interviews were conducted with the market experts from both demand- and supply-side across major regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary sources from the supply-side included industry experts such as business development managers, sales heads, technology and innovation directors, and related key executives from various key companies and organizations operating in the On-orbit satellite servicing market.
To know about the assumptions considered for the study, download the pdf brochure
KEY PRIMARY SOURCES
|
Company Name |
Designation |
|
Indian Space Research Organisation |
Senior Scientist |
|
Australasian Youth CubeSat |
Project Advisory |
|
Sapeinza Universita di Roma |
Researcher |
|
Space Generation Advisory Council |
Project Lead |
Market Size Estimation
The On-orbit satellite servicing market is an emerging one due to the growing demand for satellite launches. Both top-down and bottom-up approaches were used to estimate and validate the size of the On-orbit satellite servicing market. The research methodology used to estimate the market size also included the following details:
Key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of annual and financial reports of the top market players and extensive interviews of leaders, including CEOs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
Market size estimation methodology: Bottom-up Approach
Market size estimation methodology: Top Down Approach
Data Triangulation
After arriving at the overall size of the On-orbit satellite servicing market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated sizes of different market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
The on-orbit satellite servicing market refers to the industry that provides various maintenance services to satellites that are already in orbit. These services can include satellite refueling, repairing, upgrading, or even decommissioning.
The market for on-orbit satellite servicing has grown in recent years due to the increasing number of satellites in orbit and the need for these satellites to operate for extended periods. Many satellites can be repaired or upgraded in space, which reduces the need to launch replacement satellites, and this is where on-orbit servicing companies come into play.
Key Stakeholders
- Satellite Payload Suppliers
- Meteorological Organizations
- Technology Support Providers
- Government Space Agencies
- Ministry of Defense
- Scientific Research Centers
- Software/Hardware/Service and Solution Providers
- Satellite Component Manufacturers
- Satellite Manufacturers
- Satellite Integrators
Report Objectives
- To analyze the on-orbit satellite servicing market and provide forecasts from 2023 to 2030
- To define, describe, and forecast the market based on service, orbit, end user, type, and region
- To understand the market structure by identifying its various subsegments
- To provide in-depth market intelligence regarding the dynamics (drivers, restraints, opportunities, and challenges) and major factors that influence the growth of the market
- To analyze opportunities in the market for stakeholders by identifying key trends
- To forecast the size of various segments of the market with respect to major regions, such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To strategically analyze micro markets with respect to individual growth trends, prospects, and their contribution to the market
- To provide a detailed competitive landscape of the market, along with an analysis of the business and corporate strategies adopted by key market players
- To analyze competitive developments of key players in the market, such as contracts, agreements, and new product developments
- To strategically profile key market players and comprehensively analyze their core competencies
Available Customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the market segments at country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in On-Orbit Satellite Servicing Market