On-Orbit Satellite Servicing Market Trends and Forecast
The future of the global on-orbit satellite servicing market looks promising with opportunities in the military & government and commercial sectors. The global on-orbit satellite servicing market is expected to reach an estimated $5.8 billion by 2030 with a CAGR of 11.7% from 2024 to 2030. The major drivers for this market are increasing requirement for replacement or maintenance of in-orbit satellites, growing number of aged satellite systems, and rising need of such services to prevent expensive satellite launches.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
On-Orbit Satellite Servicing Market by Segment
The study includes a forecast for the global on-orbit satellite servicing market by service, orbit type, end use, and region
On-Orbit Satellite Servicing Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Active Debris Removal and Orbit Adjustment
• Robotic Servicing
• Refueling
• Assembly
On-Orbit Satellite Servicing Market by Orbit Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Earth Orbit (LEO)
• Medium Earth Orbit (MEO)
• Geostationary Orbit (GEO)
On-Orbit Satellite Servicing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Military & Government
• Commercial
On-Orbit Satellite Servicing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of On-Orbit Satellite Servicing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies on-orbit satellite servicing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the on-orbit satellite servicing companies profiled in this report include-
• Maxar Technologies
• Astroscale Holdings
• SpaceLogistics
• Airbus
• Thales Alenia Space
On-Orbit Satellite Servicing Market Insights
Lucintel forecast that geostationary orbit will remain the largest segment over the forecast period.
Commercial is expected to witness higher growth over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global On-Orbit Satellite Servicing Market
Market Size Estimates: On-orbit satellite servicing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: On-orbit satellite servicing market size by service, orbit type, end use, and region in terms of value ($B).
Regional Analysis: On-orbit satellite servicing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different service, orbit type, end use, and region for the on-orbit satellite servicing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the on-orbit satellite servicing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the on-orbit satellite servicing market size?
Answer: The global on-orbit satellite servicing market is expected to reach an estimated $5.8 billion by 2030.
Q.2 What is the growth forecast for on-orbit satellite servicing market?
Answer: The global on-orbit satellite servicing market is expected to grow with a CAGR of 11.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the on-orbit satellite servicing market?
Answer: The major drivers for this market are increasing requirement for replacement or maintenance of in-orbit satellites, growing number of aged satellite systems, and rising need of such services to prevent expensive satellite launches.
Q4. What are the major segments for on-orbit satellite servicing market?
Answer: The future of the on-orbit satellite servicing market looks promising with opportunities in the military & government and commercial sectors.
Q5. Who are the key on-orbit satellite servicing market companies?
Answer: Some of the key on-orbit satellite servicing companies are as follows:
• Maxar Technologies
• Astroscale Holdings
• SpaceLogistics
• Airbus
• Thales Alenia Space
Q6. Which on-orbit satellite servicing market segment will be the largest in future?
Answer: Lucintel forecast that geostationary orbit will remain the largest segment over the forecast period.
Q7. In on-orbit satellite servicing market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the on-orbit satellite servicing market by service (active debris removal and orbit adjustment, robotic servicing, refueling, and assembly), orbit type (low earth orbit, medium earth orbit, and geostationary orbit), end use (military & government and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to On-Orbit Satellite Servicing Market Market, On-Orbit Satellite Servicing Market Market Size, On-Orbit Satellite Servicing Market Market Growth, On-Orbit Satellite Servicing Market Market Analysis, On-Orbit Satellite Servicing Market Market Report, On-Orbit Satellite Servicing Market Market Share, On-Orbit Satellite Servicing Market Market Trends, On-Orbit Satellite Servicing Market Market Forecast, On-Orbit Satellite Servicing Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.