Over the next decade, NSR’s IoSM5 anticipates growth for all In-Orbit Service applications. The Space Situational Awareness (SSA) market, guided by the need to track assets, is expected to grow fast, and reach a $3.7 Billon opportunity. And Active Debris Removal will be the fastest-growing area, at 38% CAGR, driven by innovative technology and increasing demand for.
In its 5th year, NSR’s first to market In-Orbit Services: Satellite Servicing, ADR, and SSA, 5th Edition (IoSM5) forecasts US$14.3 billion in IoSM revenue, driven by Life Extension, generating US$4.7 billion through 2031. As the race to launch Non-GEO Satellite Constellation grows, thousands of satellites are set to launch through the coming decade growing demand.
In its 5th year, NSR’s first to market In-Orbit Services: Satellite Servicing, ADR, and SSA, 5th Edition (IoSM5) forecasts $14.3 billion (€12.6bn) in IoSM revenue, driven by Life Extension, generating $4.7 billion through 2031. As the race to launch Non-GEO Satellite Constellation grows, thousands of satellites are set to launch through the coming decade growing demand for IoS..
Satellite Life Extension is Largest Global Market, but Space Situational Awareness and Active Debris Removal Also Show Upside Potential Cambridge, MA– February 15th, 2022- In its 5th year, NSR’s first to market In-Orbit Services: Satellite Servicing, ADR and SSA, 5th Edition (IoSM5) forecasts $14.3 Billion in IoSM revenue, driven by Life Extension, generating $4.7 Billion through 2031. As.
Many satellite constellation developers are opting to build their own satellites. Over the last year, the number of constellations relying on in-house manufacturing jumped from 32 percent to 43 percent, Brad Grady, Northern Sky Research president and chief operating officer, said at the SmallSat Symposium. In many cases, firms decide to build their own satellites.