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On-orbit Satellite Servicing Market Size

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

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On-orbit Satellite Servicing Market Size

The global on-orbit satellite servicing market was valued at USD 2.7 billion in and is estimated to grow at a CAGR of over 11.6% from 2025 to 2034.

 

On-orbit Satellite Servicing Market

The expansion of satellite constellations and growing space traffic drive the on-orbit satellite servicing industry. Companies are deploying thousands of satellites for broadband, IoT, and communication services, increasing satellite density in low Earth orbit. This growth creates demand for servicing capabilities, including in-orbit refueling, repairs, and repositioning, to maintain operational efficiency and reduce replacement costs. Orbital congestion increases collision risks and debris generation, leading to greater adoption of debris removal and maintenance solutions. These factors increase the demand for OOS technologies to maintain longevity, functionality, and safety of space assets.
 

On-orbit servicing offers a cost-effective solution to extend the operational life of satellites. By enabling in-space refueling, repairs, or upgrades, operators can delay or avoid the expense of launching new satellites. This lifecycle extension reduces the overall cost of satellite management, making on-orbit servicing a financially attractive option. For instance, the U.S. Department of Defense has recognized the strategic importance of satellite servicing technologies and is investing in research and development to enhance these capabilities. In 2024, the DOD is expected to release a report detailing its plans to integrate on-orbit servicing into its satellite operations, reflecting the increasing market potential and the need for sustainable practices in space.
 

Recent advancements in space robotics and automation have significantly enhanced the feasibility of on-orbit servicing. Innovations such as precision robotics and AI-driven systems now enable complex tasks, such as satellite repairs and refueling, to be performed with high accuracy. These technological breakthroughs make on-orbit servicing more practical and reliable, boosting its market potential. Improved robotic capabilities reduce the complexity and risk of servicing operations, facilitating wider adoption and deployment in the space industry.
 

Authors: Suraj Gujar, Partha Paul
Frequently Asked Question(FAQ) :
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.
What is the market share of Low Earth Orbit (LEO) in the on-orbit satellite servicing industry?
How much is the North America on-orbit satellite servicing market worth?
Who are the major players in the on-orbit satellite servicing industry?
On-orbit Satellite Servicing Market Scope
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    Base Year: 2024

    Companies covered: 23

    Tables & Figures: 230

    Countries covered: 18

    Pages: 170

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