On-Orbit Satellite Servicing Market by Service Type, Satellite Type, Orbit, End-User

Description

List of Tables

[193 Pages Report] The On-Orbit Satellite Servicing Market size was estimated at USD 3.20 billion in 2023 and expected to reach USD 3.51 billion in 2024, at a CAGR 10.15% to reach USD 6.30 billion by 2030.

Global On-Orbit Satellite Servicing Market

KEY MARKET STATISTICS
Base Year [2023]	USD 3.20 billion
Estimated Year [2024]	USD 3.51 billion
Forecast Year [2030]	USD 6.30 billion
CAGR (%)	10.15%

On-Orbit Satellite Servicing Market - IMG1

On-orbit satellite servicing is an emerging field in space technology, encompassing a broad range of activities aimed at enhancing operational efficiency and extending the lifespan of satellites while they are in orbit. This innovative approach to satellite maintenance represents a paradigm shift from traditional methods, which involve decommissioning out-of-service satellites and launching new ones as replacements. On-orbit satellite servicing offers various benefits, including cost reductions, improved reliability, enhanced satellite capabilities, and decreased space debris generation. The global on-orbit satellite servicing market consists of commercial, government, and military entities that develop technologies and services to inspect, repair, refuel, or upgrade satellites in space. Increasing demand for satellite-based services across various sectors and advancements in autonomous robotic technologies enabling rendezvous and docking with satellites in space are raising the demand for on-orbit satellite services. Regulatory initiatives and public-private partnerships have created a favorable environment for startups and established companies to explore innovative on-orbit servicing solutions. However, high development costs associated with advanced technologies may hinder the commercial viability of these services. Additionally, regulatory complexities concerning space debris mitigation, orbital safety management, and satellite ownership rights pose significant challenges to deploying on-orbit servicing systems. Besides the challenging factors, market vendors are focusing on reducing mission costs by developing reusable service platforms or leveraging in-situ resources such as space-based solar power or asteroid mining-derived propellants. Improving autonomous robotic technologies capable of sophisticated manipulation tasks and rising government space expenditure are expected to propel opportunities for the global on-orbit satellite servicing market.

Regional Insights

In the Americas, the United States is at the forefront of on-orbit satellite servicing research and development activities and commercialization efforts. In 2020, Northrop Grumman's Mission Extension Vehicle-1 (MEV-1) successfully demonstrated its ability to extend the life of a communication satellite by attaching itself and taking control of orbit maintenance functions. This groundbreaking achievement by an American company has spurred further growth in on-orbit servicing technologies. In recent years, EMEA has witnessed consistent growth in its space sector with increased adoption of satellite-based applications across various industries such as agriculture, maritime surveillance, environmental monitoring, and disaster management. To accommodate this burgeoning demand for satellites and their services within EMEA, countries are investing heavily in homegrown capabilities designed to service existing satellites while extending their operational lifespan. Moreover, the European Space Agency (ESA) is pivotal in driving the market forward by funding and collaborating on ambitious space projects. Countries such as China, India, and Japan have emerged as major participants in on-orbit satellite servicing activities within the APAC region. The robust economic growth in these countries, combined with their increased dependence on satellite-based applications for various industrial and civilian purposes, has resulted in heightened growth within the APAC region's on-orbit satellite servicing market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the On-Orbit Satellite Servicing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the On-Orbit Satellite Servicing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the On-Orbit Satellite Servicing Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Altius Space Machines, Inc., Astroscale Holdings Inc., ClearSpace, D-Orbit SpA, Digantara, Lockheed Martin Corporation, Maxar Technologies Holdings Inc., Momentus Inc., Northrop Grumman Corporation, Obruta Space Solutions Corp., Orbit Fab, Inc., OrbitGuardians, Share My Space, Thales, and Voyager Space Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the On-Orbit Satellite Servicing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service Type
- Active Debris Removal & Orbit Adjustment
- Assembly
- Refueling
- Robotic Servicing
Satellite Type
- Large Satellite
- Medium Satellite
- Small Satellite
Orbit
- Geostationary Orbit
- Low Earth Orbit (LEO)
- Medium Earth Orbit (MEO)
End-User
- Commercial
- Defense
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the On-Orbit Satellite Servicing Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the On-Orbit Satellite Servicing Market?

3. What are the technology trends and regulatory frameworks in the On-Orbit Satellite Servicing Market?

4. What is the market share of the leading vendors in the On-Orbit Satellite Servicing Market?

5. Which modes and strategic moves are suitable for entering the On-Orbit Satellite Servicing Market?

Product Code: MRR-CF6C60CF959A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. On-Orbit Satellite Servicing Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing need for on-orbit satellite servicing with increasing aging satellite population
  - 5.1.1.2. Increasing demand for geostationary satellites worldwide
- 5.1.2. Restraints
  - 5.1.2.1. Technological complexity associated with on-orbit satellite servicing
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing development in on-orbit satellite servicing
  - 5.1.3.2. Rising government investments in military space communications
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations and guidelines regarding on-orbit satellite servicing
5.2. Market Segmentation Analysis
- 5.2.1. Service Type: High demand for satellite refueling services to ensure the long-term efficiency of space-based satellites.
- 5.2.2. Satellite Type: Growing adoption of on-orbit satellite services by medium satellites to balance cost and performance.
- 5.2.3. Orbit: Significant advantages of medium earth orbit in navigation systems.
- 5.2.4. End-User: Increasing adoption by the defense sector to prioritize operational readiness and resilience.
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. On-Orbit Satellite Servicing Market, by Service Type

6.1. Introduction
6.2. Active Debris Removal & Orbit Adjustment
6.3. Assembly
6.4. Refueling
6.5. Robotic Servicing

7. On-Orbit Satellite Servicing Market, by Satellite Type

7.1. Introduction
7.2. Large Satellite
7.3. Medium Satellite
7.4. Small Satellite

8. On-Orbit Satellite Servicing Market, by Orbit

8.1. Introduction
8.2. Geostationary Orbit
8.3. Low Earth Orbit (LEO)
8.4. Medium Earth Orbit (MEO)

9. On-Orbit Satellite Servicing Market, by End-User

9.1. Introduction
9.2. Commercial
9.3. Defense

10. Americas On-Orbit Satellite Servicing Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific On-Orbit Satellite Servicing Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa On-Orbit Satellite Servicing Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. Italy awards $256 million contract for 2026 in-orbit servicing mission
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Lockheed Martin declares success demonstrating tech for in-orbit satellite servicing
- 13.3.3. Investment & Funding
  - 13.3.3.1. U.S. Space Force and Astroscale to co-invest in a refueling satellite

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Airbus SE
- 14.1.2. Altius Space Machines, Inc.
- 14.1.3. Astroscale Holdings Inc.
- 14.1.4. ClearSpace
- 14.1.5. D-Orbit SpA
- 14.1.6. Digantara
- 14.1.7. Lockheed Martin Corporation
- 14.1.8. Maxar Technologies Holdings Inc.
- 14.1.9. Momentus Inc.
- 14.1.10. Northrop Grumman Corporation
- 14.1.11. Obruta Space Solutions Corp.
- 14.1.12. Orbit Fab, Inc.
- 14.1.13. OrbitGuardians
- 14.1.14. Share My Space
- 14.1.15. Thales
- 14.1.16. Voyager Space Holdings, Inc.
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing