On-Orbit Satellite Servicing Market: Trends, Analysis, and Forecast to 2030

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On-Orbit Satellite Servicing Market Trends,
Analysis, and Forecast to 2030
This report analyses the On-orbit Satellite
Servicing Market from 2023 to 2030. It discusses
various industry and technology trends currently
prevailing in the on-orbit satellite servicing
market along with the factors that
drive, restrain, and challenge the market growth
globally. The on-orbit satellite servicing
market is projected to grow from USD 2.4 billion
in 2023 to 5.1 billion by 2030, at a CAGR of
11.5. Factors such as increasing active
satellite debris removal, outsourcing the
on-orbit satellite servicing systems
production, dedicated satellite servicing
vehicles are driving the market growth. Download
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dfdownloadNew.asp?id206789424 Based on Service,
Robotic servicing systems can be used in the
lower Earth orbit (LEO) and the geostationary
orbit (GEO). In the LEO, robotic servicing
systems can be used to capture, refuel, repair,
and upgrade satellites, while in the GEO, they
can be used to provide services such as
relocation, refueling, and repair. One of the key
advantages of robotic servicing systems is their
ability to perform tasks that would be
difficult or impossible for human operators to
complete. For example, robots can perform
repairs in environments that are too dangerous or
difficult for humans to access, such as on the
exterior of a satellite in the harsh conditions
of space. Additionally, robots can operate
continuously without the need for rest or sleep,
making them ideal for tasks that require long
periods of sustained effort. Several companies
and organizations are currently developing
robotic servicing capabilities, including
SpaceLogistics (US) and Maxar Technologies (US).
These companies are working on developing
advanced technologies such as robotic arms,
capture mechanisms, and refueling systems to make
servicing satellites in orbit safer, more
efficient, and more effective. Based on Type,
Small satellites is expected to have the highest
share in 2023. On- orbit satellite servicing is
particularly important for small satellites due
to their unique design and operational
constraints. Small satellites are often designed
with limited fuel reserves, which can limit
their operational lifespan and ability to perform
complex maneuvers. In addition, small satellites
may lack redundancy in critical systems, making
them more vulnerable to system failures.
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On-orbit satellite servicing can address many of
these issues by providing small satellites with
new fuel reserves, replacing failed components,
and upgrading their capabilities. For example,
it can enable small satellites to perform complex
maneuvers, such as station-keeping or orbit
changes, which would otherwise be impossible due
to limited fuel reserves. On-orbit servicing can
also provide a means for small satellite
operators to address unexpected failures or
anomalies that may occur during the satellite's
operational lifespan. In addition to the
technical challenges associated with the on-orbit
servicing of small satellites, there are also
regulatory and business challenges that must be
addressed. Small satellites often operate under
different regulatory frameworks than larger
satellites and may be subject to different
licensing and operational requirements. This can
create barriers to the development and operation
of on-orbit servicing capabilities for small
satellites. Based on orbit, the low earth orbit
(LEO) segment is expected to have the highest
CAGR during the forecast period from 2023 to
2030. In the case of LEO, on-orbit satellite
servicing is becoming important as more and more
satellites are being launched into this orbit.
The advantage of LEO is that it is relatively
close to the Earth's surface, which makes it
easier and less expensive to launch satellites
into this orbit. However, the LEO is also a
highly congested area, with many satellites in
close proximity to each other, which increases
the risk of collisions and other types of
accidents. On-orbit satellite servicing can help
mitigate some of these risks by allowing for the
repair and maintenance of satellites that are
experiencing technical problems or malfunctions.
It can also help extend the lifespan of
satellites that are running out of fuel or are
otherwise nearing the end of their operational
lives. There are several companies and
organizations that are currently developing
on-orbit satellite servicing capabilities for
LEO, including Northrop Grumman, SpaceLogistics
(US), and Astroscale (Japan). These companies are
developing technologies such as robotic arms,
refueling systems, and capture mechanisms to
enable the safe and efficient servicing of
satellites in the LEO. Based on region, the North
America is the largest market for on-orbit
satellite servicing. The growing demand for
commercial communication and imaging satellites,
increasing deployment of small satellites, and
rising space exploration missions are the key
factors expected to drive the on-orbit satellite
servicing market in North America. This regional
market analysis covers the US and Canada. North
America is expected to be a major market for
on-orbit satellite servicing due to its advanced
space industry and significant investment in
satellite technology. The US is a major market,
with companies such as SpaceLogistics LLC and
Maxar Technologies offering on-orbit satellite
servicing solutions. In addition, NASA has been
actively exploring on-orbit servicing technology
through its Restore-L mission, which aims to
refuel a government satellite in orbit. Ask for
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