The on-orbit satellite servicing market is projected to grow from USD 2.4 billion in 2023 to USD 5.1 billion by 2030, at a CAGR of 11.5% during the forecast period from 2023 to 2030. The on-orbit satellite servicing market has witnessed significant growth in recent years due to the increasing demand for satellite-based services and applications, such as broadband internet, television broadcasting, remote sensing, and global positioning systems. The rise in aging satellite population, Space debris mitigation by private companies, such as Astroscale (Japan) and Tethers Unlimited (US), has also contributed to the growth of the market by introducing innovative technologies and business models
Maxar Technologies (US), Astroscale Holdings Inc. (Japan), SpaceLogistics LLC (US), Airbus SE (Netherlands), and Thales Alenia Space (France) are some of the leading companies in the on-orbit satellite servicing market. To strengthen their position in this market, these companies have implemented a variety of growth strategies which include new product developments, contracts, collaborations, expansions, certifications, agreements, acquisitions, and R&D activities.
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Maxar Technologies (US)
Maxar Technologies is a leading provider of advanced space technology solutions, including satellite servicing. The company's satellite servicing business is focused on extending the lifespan and enhancing the capabilities of the satellites already in orbit. Maxar Technologies specializes in on-orbit satellite servicing, which involves sending robotic spacecraft to rendezvous with the satellites in space, enabling repairs, upgrades, refueling, and other maintenance activities.
Astroscale Holdings Inc. (Japan)
Astroscale Holdings Inc. develops innovative and scalable solutions for on-orbit servicing missions, such as life extension, in-situ space situational awareness, end-of-life services, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. The company is also developing business cases and collaborating with government and private sector stakeholders to create norms, regulations, and incentives for responsible use of the space. Astroscale is headquartered in Japan and has subsidiaries in the UK, the US, Israel, and Singapore. It is a rapidly growing venture firm that is working to advance safe and stable growth in the space industry while also addressing a growing environmental concern.
SpaceLogistics LLC (US)
SpaceLogistics LLC, a wholly-owned subsidiary of Northrop Grumman Corporation (US), provides geosynchronous satellite operators with cooperative space logistics and in-orbit satellite servicing via its fleet of commercial servicing vehicles—the mission extension vehicle (MEV), the mission robotic vehicle (MRV), and the mission extension pods (MEP). SpaceLogistics currently provides geosynchronous satellite operators with in-orbit satellite servicing via the MEV TM, which docks with the customers' existing satellites and provides the propulsion and attitude control required to extend their lives. This enables the satellite operators to enter new markets, increase asset value, and safeguard their franchises.
Airbus SE (Netherlands)
Airbus SE, through its subsidiary Airbus Defence and Space (Germany), actively explores and develops technologies and services related to in-orbit satellite servicing. The company recognizes the potential of this market, as it can extend the lifespan of satellites, enable repairs, and facilitate upgrades or repositioning in space.
Thales Alenia Space (France)
Thales Alenia Space is a joint venture between Thales (67%) and Leonardo (33%) that specializes in satellite manufacturing and orbital services. The company has developed a range of on-orbit servicing vehicles that can perform maintenance and upgrades on the satellites while they are in orbit. The goal is to extend the satellite's lifetime, besides limiting the space debris, to enable better management of the current and future space assets. Thales Alenia Space has also developed multi-mission space vehicles designed for in-orbit repair and maintenance
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
Mr. Aashish Mehra
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