Global On-Orbit Satellite Servicing Market Size study, by Service (Active Debris Removal and Orbit Adjustment, Robotic Servicing, Refuelling, Assembly), by Orbit Type (GEO, LEO, MEO ), by End-User, and Regional Forecasts 2022-2032

Description

Global On-Orbit Satellite Servicing Market is valued at approximately USD 3.76 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 10.63% over the forecast period 2024-2032. On-Orbit Satellite Servicing (OOSS) refers to a set of technologies and practices aimed at extending the operational life and enhancing the capabilities of satellites while they are in space. This includes activities such as satellite repair, refueling, upgrading, and even assembling or modifying satellites in orbit. OOSS can involve docking spacecraft that perform maintenance tasks, deploying robotic systems to conduct repairs, or using specialized vehicles to deliver new equipment and fuel to existing satellites. The goal of OOSS is to reduce costs associated with launching new satellites, improve the longevity and functionality of space assets, and enable more flexible and responsive space missions.

The Global On-Orbit Satellite Servicing Market is driven by increasing aging satellite population is a major driving force behind the on-orbit satellite servicing market. As satellites age, their performance declines, necessitating servicing to maintain their operational capabilities. Furthermore, technological advancements in robotics and automation have made on-orbit servicing more feasible and cost-effective. Moreover, launching new satellites underscore the value of servicing existing ones, thereby propelling the market growth. However, the market faces significant challenges due to the complex and costly nature of the technology required for on-orbit servicing. The development and deployment of servicing satellites and robotic arms necessitate substantial investment, posing a barrier to market entry for new players. Moreover, stringent regulatory frameworks and the need for international cooperation further complicate market dynamics.

The key regions considered for the Global On-Orbit Satellite Servicing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America is the largest regional market for on-orbit satellite servicing, driven by the presence of major space agencies and private companies investing in satellite technologies. The region's advanced space infrastructure and supportive governmental policies foster market growth. Furthermore, Asia-Pacific are experiencing significant market expansion, supported by increasing governmental and commercial investments in space capabilities.

Major market players included in this report are:

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

The detailed segments and sub-segment of the market are explained below:

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
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global On-Orbit Satellite Servicing Market Executive Summary

1.1. Global On-Orbit Satellite Servicing Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Service
- 1.3.2. By Orbit Type
- 1.3.3. By End-User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global On-Orbit Satellite Servicing Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global On-Orbit Satellite Servicing Market Dynamics

3.1. Market Drivers
- 3.1.1. Aging Satellite Population
- 3.1.2. Technological Advancements in Robotics and Automation
- 3.1.3. High Cost and Risk of Launching New Satellites
3.2. Market Challenges
- 3.2.1. High Development and Deployment Costs
- 3.2.2. Stringent Regulatory Frameworks
3.3. Market Opportunities
- 3.3.1. Increasing Investments in Space Capabilities
- 3.3.2. Rising Demand for Life Extension Services
- 3.3.3. Growth in Commercial Space Sector

Chapter 4. Global On-Orbit Satellite Servicing Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global On-Orbit Satellite Servicing Market Size & Forecasts by Service 2022-2032

5.1. Segment Dashboard
5.2. Global On-Orbit Satellite Servicing Market: Service Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Active Debris Removal (ADR) and Orbit Adjustment
- 5.2.2. Robotic Servicing
- 5.2.3. Refuelling
- 5.2.4. Assembly

Chapter 6. Global On-Orbit Satellite Servicing Market Size & Forecasts by Orbit Type 2022-2032

6.1. Segment Dashboard
6.2. Global On-Orbit Satellite Servicing Market: Orbit Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. GEO (Geostationary Orbit)
- 6.2.2. LEO (Low Earth Orbit)
- 6.2.3. MEO (Medium Earth Orbit)

Chapter 7. Global On-Orbit Satellite Servicing Market Size & Forecasts by End-User 2022-2032

7.1. Segment Dashboard
7.2. Global On-Orbit Satellite Servicing Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Commercial
- 7.2.2. Military and Government

Chapter 8. Global On-Orbit Satellite Servicing Market Size & Forecasts by Region 2022-2032

8.1. North America On-Orbit Satellite Servicing Market
- 8.1.1. U.S. On-Orbit Satellite Servicing Market
  - 8.1.1.1. Service breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Orbit Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada On-Orbit Satellite Servicing Market
8.2. Europe On-Orbit Satellite Servicing Market
- 8.2.1. U.K. On-Orbit Satellite Servicing Market
- 8.2.2. Germany On-Orbit Satellite Servicing Market
- 8.2.3. France On-Orbit Satellite Servicing Market
- 8.2.4. Spain On-Orbit Satellite Servicing Market
- 8.2.5. Italy On-Orbit Satellite Servicing Market
- 8.2.6. Rest of Europe On-Orbit Satellite Servicing Market
8.3. Asia-Pacific On-Orbit Satellite Servicing Market
- 8.3.1. China On-Orbit Satellite Servicing Market
- 8.3.2. India On-Orbit Satellite Servicing Market
- 8.3.3. Japan On-Orbit Satellite Servicing Market
- 8.3.4. Australia On-Orbit Satellite Servicing Market
- 8.3.5. South Korea On-Orbit Satellite Servicing Market
- 8.3.6. Rest of Asia Pacific On-Orbit Satellite Servicing Market
8.4. Latin America On-Orbit Satellite Servicing Market
- 8.4.1. Brazil On-Orbit Satellite Servicing Market
- 8.4.2. Mexico On-Orbit Satellite Servicing Market
- 8.4.3. Rest of Latin America On-Orbit Satellite Servicing Market
8.5. Middle East & Africa On-Orbit Satellite Servicing Market
- 8.5.1. Saudi Arabia On-Orbit Satellite Servicing Market
- 8.5.2. South Africa On-Orbit Satellite Servicing Market
- 8.5.3. Rest of Middle East & Africa On-Orbit Satellite Servicing Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Astroscales Holdings Inc.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Momentus Space
- 9.3.3. Orbit Fab, Inc.
- 9.3.4. Maxar Technologies
- 9.3.5. Thales Alenia Space SAS
- 9.3.6. Tethers Unlimited
- 9.3.7. Airbus SE
- 9.3.8. Nanoracks (Voyager Space)
- 9.3.9. Altius Space Machines
- 9.3.10. Aerospace Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes