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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
Who are the major players in the on-orbit satellite servicing industry?
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.
How much is the North America on-orbit satellite servicing market worth?
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.
What is the market share of Low Earth Orbit (LEO) in the on-orbit satellite servicing industry?
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.
How big is the on-orbit satellite servicing market?
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.