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On-orbit Satellite Servicing Market Share

Report ID: GMI12698
Published Date: Dec 2024
Report Format: PDF

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On-Orbit Satellite Servicing Market Share

Airbus SE develops robotic technologies and modular servicing solutions for satellite maintenance, refueling, and life-extension missions, building on its space manufacturing capabilities. Maxar Technologies provides satellite refueling and robotic servicing systems to enhance satellite functionality and reduce replacement costs. Astroscale Holdings Inc. focuses on debris removal and end-of-life services, contributing to sustainable space operations through debris mitigation and on-orbit satellite servicing technologies. These companies drive technological advancement in the market.

On-orbit Satellite Servicing Market Companies

Major players operating in the on-orbit satellite servicing industry are:

Airbus SE
Altius Space Machines, Inc.
Astroscale Holdings Inc.
Atomos Space
ClearSpace
Future Space Industries
High Earth Orbit Robotics
Hyoristic Innovations
Infinite Orbits
Lúnasa Ltd.
Maxar Technologies
Momentus, Inc.
Nanoracks (Voyager Space)
Obruta Space Solutions Corp
Orbit Fab, Inc.
Orbitaid Aerospace Private Limited
Orion AST
Rogue Space Systems
Scout Aerospace LLC
Space Machines Company Pty Ltd
Tethers Unlimited, Inc.
Thales Alenia Space
Turion Space

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for on-orbit satellite servicing was valued at USD 2.7 billion in 2024 and is projected to reach USD 8 billion by 2034, driven by a CAGR of 11.6% during the forecast period, fueled by the expansion of satellite constellations and increasing space traffic.

In 2024, the Low Earth Orbit (LEO) segment held over 82.8% of the market share, driven by the rapid deployment of satellite constellations for broadband and Earth observation services.

The North America market is expected to surpass USD 3.5 billion by 2034, driven by robust investments in space technology and the presence of key players like Northrop Grumman and SpaceX.

Major players in the market include Airbus SE, Altius Space Machines, Inc., Astroscale Holdings Inc., Atomos Space, ClearSpace, Future Space Industries, High Earth Orbit Robotics, Hyoristic Innovations, Infinite Orbits, Lúnasa Ltd., Maxar Technologies, and Momentus, Inc.