On-Orbit Satellite Servicing Market By Service (Active Debris Removal and Orbit Adjustment, Robotic Servicing, Refuelling, Assembly), By Orbit Type (LEO, MEO, GEO ), By End-User : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global on-orbit satellite servicing market was valued at $3.4 billion in 2022, and is projected to reach $9.0 billion by 2032, registering a CAGR of 10.59% from 2023 to 2032.

On-Orbit Satellite Servicing Market - IMG1

The emerging field in space technology is called on-orbit satellite servicing, which includes a wide range of tasks meant to increase operational effectiveness and prolong the life of satellites in orbit. Compared to conventional techniques, which entail retiring out-of-service satellites and launching new ones in their place, this creative approach to satellite management constitutes a paradigm change.

There are many advantages to on-orbit satellite service, such as lower costs, more dependability, better satellite capabilities, and less space debris production. Commercial, governmental, and military organizations that create products and services to maintain, repair, refuel, or modernize satellites in orbit make up the worldwide market for on-orbit satellite servicing. The need for on-orbit satellite services is rising due to the growing demand for satellite-based services across a variety of industries and developments in autonomous robotic technologies that allow satellites to connect with each other and communicate in space.

Innovative on-orbit service solutions can now be explored by established enterprises and startups alike because of regulatory actions and public-private partnerships. However, the significant development expenses of cutting-edge technologies could make these services less profitable. Deploying on-orbit servicing systems is further complicated by legislative issues related to space debris reduction, orbital safety management, and satellite ownership rights.

Several factors such as the growing need for more affordable and efficient satellite services are driving the market for on-orbit satellite servicing. However, the markets total growth is being constrained by the possibility that on-orbit satellite services would become ineffective owing to the rapid advancements in satellite technology.

In addition, by enabling deorbiting, or the removal of obsolete satellites from orbit, on-orbit servicing is essential to sustainable space activities. Collaborative satellite operations facilitate the cooperation of several satellites on complex tasks, whereas spacecraft tugs enable the towing or repositioning of satellites. The ability to increase the operational lifetime of commercial satellites and keep them in operation longer, enabling them to continue producing income and provide useful services, is the main benefit of commercial on-orbit satellite servicing. Additionally, it can allow operators to update and adapt their current satellites to meet market demands and technical improvements, hence reducing the need for expensive and risky satellite replacements.

In the space industry, the global market for on-orbit satellite servicing offers excellent opportunities for enhancing satellite performance, lowering space trash, and fostering long-term sustainability. As technology develops, this sector is anticipated to have a significant influence on how satellite operations and maintenance are carried out in the future. With the advancement of sophisticated spaceship technology, robotics, and artificial intelligence, on-orbit service capabilities have changed.

With the growing number of satellites in orbit, there was an increased focus on sustainability and space debris mitigation measures. Satellite operators and regulatory bodies were exploring ways to minimize space debris through responsible satellite design, end-of-life disposal strategies, and active debris removal technologies. The market for on-orbit satellite services was marked by fierce competition between ground segment firms, launch service providers, and satellite operators.

Moreover, these trends were shaping the landscape of the on-orbit satellite service market, driving technological innovation, market competition, and strategic partnerships across various sectors and geographies. However, it's essential to note that the satellite industry is dynamic and subject to rapid changes influenced by technological advancements, market demand shifts, regulatory developments, and geopolitical factors.

For instance, 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.

The on-orbit satellite servicing market is segmented into type, orbit type, end-user, and region. On the basis of type, the market is bifurcated into active debris removal (ADR) and orbit adjustment, robotic servicing, refueling, and assembly. On the basis of orbit type, the market is divided into LEO (low earth orbit), MEO (medium earth orbit), and GEO (geostationary earth orbit). As per end-user, the market is classified into commercial, government and military.

Region wise, the on-orbit satellite servicing market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), Latin America (Brazil, Argentina and Rest of Latin America) and Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa).

Competitive analysis and profiles of the major global on-orbit satellite servicing market players that have been provided in the report include Maxar Technologies; Astroscales Holdings Inc.; Thales Alenia Space; Airbus SE; Altius Space Machines; Tethers Unlimited; Orbit Fab, Inc.; Momentus Space; Nanoracks (Voyager Space); and Space Logistics LLC. The key strategies adopted by the major players of the global market are product launch, mergers, and acquisitions.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the on-orbit satellite servicing market analysis from 2022 to 2032 to identify the prevailing on-orbit satellite servicing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the on-orbit satellite servicing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global on-orbit satellite servicing market trends, key players, market segments, application areas, and market growth strategies.

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Product Benchmarking / Product specification and applications
Go To Market Strategy
Regulatory Guidelines
Historic market data
Import Export Analysis/Data

Key Market Segments

By Service

Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refuelling
Assembly

By Orbit Type

GEO (Geostationary Orbit)
LEO (Low Earth Orbit)
MEO (Medium Earth Orbit)

By End-User

Commercial
Military and Government

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Africa
- Rest of Middle East And Africa

Key Market Players:

Maxar Technologies
Astroscales Holdings Inc.
Thales Alenia Space SAS
Airbus SE
Aerospace Corporation
Altius Space Machines
Tethers Unlimited
Orbit Fab, Inc.
Momentus Space
Nanoracks (Voyager Space)

Product Code: A323206

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: ON-ORBIT SATELLITE SERVICING MARKET, BY SERVICE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Active Debris Removal (ADR) and Orbit Adjustment
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Robotic Servicing
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Refuelling
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Assembly
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: ON-ORBIT SATELLITE SERVICING MARKET, BY ORBIT TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. LEO (Low Earth Orbit)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. MEO (Medium Earth Orbit)
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. GEO (Geostationary Orbit)
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: ON-ORBIT SATELLITE SERVICING MARKET, BY END-USER

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Commercial
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Military and Government
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: ON-ORBIT SATELLITE SERVICING MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Service
- 7.2.3. Market size and forecast, by Orbit Type
- 7.2.4. Market size and forecast, by End-User
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Service
  - 7.2.5.1.2. Market size and forecast, by Orbit Type
  - 7.2.5.1.3. Market size and forecast, by End-User
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Service
  - 7.2.5.2.2. Market size and forecast, by Orbit Type
  - 7.2.5.2.3. Market size and forecast, by End-User
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Service
  - 7.2.5.3.2. Market size and forecast, by Orbit Type
  - 7.2.5.3.3. Market size and forecast, by End-User
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Service
- 7.3.3. Market size and forecast, by Orbit Type
- 7.3.4. Market size and forecast, by End-User
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Market size and forecast, by Service
  - 7.3.5.1.2. Market size and forecast, by Orbit Type
  - 7.3.5.1.3. Market size and forecast, by End-User
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Market size and forecast, by Service
  - 7.3.5.2.2. Market size and forecast, by Orbit Type
  - 7.3.5.2.3. Market size and forecast, by End-User
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Service
  - 7.3.5.3.2. Market size and forecast, by Orbit Type
  - 7.3.5.3.3. Market size and forecast, by End-User
  - 7.3.5.4. Russia
  - 7.3.5.4.1. Market size and forecast, by Service
  - 7.3.5.4.2. Market size and forecast, by Orbit Type
  - 7.3.5.4.3. Market size and forecast, by End-User
  - 7.3.5.5. Italy
  - 7.3.5.5.1. Market size and forecast, by Service
  - 7.3.5.5.2. Market size and forecast, by Orbit Type
  - 7.3.5.5.3. Market size and forecast, by End-User
  - 7.3.5.6. Spain
  - 7.3.5.6.1. Market size and forecast, by Service
  - 7.3.5.6.2. Market size and forecast, by Orbit Type
  - 7.3.5.6.3. Market size and forecast, by End-User
  - 7.3.5.7. Rest of Europe
  - 7.3.5.7.1. Market size and forecast, by Service
  - 7.3.5.7.2. Market size and forecast, by Orbit Type
  - 7.3.5.7.3. Market size and forecast, by End-User
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Service
- 7.4.3. Market size and forecast, by Orbit Type
- 7.4.4. Market size and forecast, by End-User
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Service
  - 7.4.5.1.2. Market size and forecast, by Orbit Type
  - 7.4.5.1.3. Market size and forecast, by End-User
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Service
  - 7.4.5.2.2. Market size and forecast, by Orbit Type
  - 7.4.5.2.3. Market size and forecast, by End-User
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Service
  - 7.4.5.3.2. Market size and forecast, by Orbit Type
  - 7.4.5.3.3. Market size and forecast, by End-User
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Market size and forecast, by Service
  - 7.4.5.4.2. Market size and forecast, by Orbit Type
  - 7.4.5.4.3. Market size and forecast, by End-User
  - 7.4.5.5. South Korea
  - 7.4.5.5.1. Market size and forecast, by Service
  - 7.4.5.5.2. Market size and forecast, by Orbit Type
  - 7.4.5.5.3. Market size and forecast, by End-User
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Service
  - 7.4.5.6.2. Market size and forecast, by Orbit Type
  - 7.4.5.6.3. Market size and forecast, by End-User
7.5. Latin America
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Service
- 7.5.3. Market size and forecast, by Orbit Type
- 7.5.4. Market size and forecast, by End-User
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Service
  - 7.5.5.1.2. Market size and forecast, by Orbit Type
  - 7.5.5.1.3. Market size and forecast, by End-User
  - 7.5.5.2. Argentina
  - 7.5.5.2.1. Market size and forecast, by Service
  - 7.5.5.2.2. Market size and forecast, by Orbit Type
  - 7.5.5.2.3. Market size and forecast, by End-User
  - 7.5.5.3. Rest of Latin America
  - 7.5.5.3.1. Market size and forecast, by Service
  - 7.5.5.3.2. Market size and forecast, by Orbit Type
  - 7.5.5.3.3. Market size and forecast, by End-User
7.6. Middle East and Africa
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by Service
- 7.6.3. Market size and forecast, by Orbit Type
- 7.6.4. Market size and forecast, by End-User
- 7.6.5. Market size and forecast, by country
  - 7.6.5.1. Saudi Arabia
  - 7.6.5.1.1. Market size and forecast, by Service
  - 7.6.5.1.2. Market size and forecast, by Orbit Type
  - 7.6.5.1.3. Market size and forecast, by End-User
  - 7.6.5.2. UAE
  - 7.6.5.2.1. Market size and forecast, by Service
  - 7.6.5.2.2. Market size and forecast, by Orbit Type
  - 7.6.5.2.3. Market size and forecast, by End-User
  - 7.6.5.3. Israel
  - 7.6.5.3.1. Market size and forecast, by Service
  - 7.6.5.3.2. Market size and forecast, by Orbit Type
  - 7.6.5.3.3. Market size and forecast, by End-User
  - 7.6.5.4. Africa
  - 7.6.5.4.1. Market size and forecast, by Service
  - 7.6.5.4.2. Market size and forecast, by Orbit Type
  - 7.6.5.4.3. Market size and forecast, by End-User
  - 7.6.5.5. Rest of Middle East And Africa
  - 7.6.5.5.1. Market size and forecast, by Service
  - 7.6.5.5.2. Market size and forecast, by Orbit Type
  - 7.6.5.5.3. Market size and forecast, by End-User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Maxar Technologies
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Astroscales Holdings Inc.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Thales Alenia Space SAS
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Airbus SE
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Aerospace Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Altius Space Machines
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Tethers Unlimited
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Orbit Fab, Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Momentus Space
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Nanoracks (Voyager Space)
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments