NSR Report Forecasts $4.5 Billion in Cumulative Revenues from In-Orbit Satellite Services by 2028
GEO Life Extension and LEO De-Orbiting Represent Sizable Long-Term Satellite Opportunities
Cambridge, MA – NSR’s In-Orbit Servicing Markets, 2nd Edition (IoSM2) report, released today, forecasts $4.5 billion in cumulative revenues from In-Orbit Satellite Services by 2028. While growth is anticipated across all applications in all orbits, GEO satellite life extension will yield the largest share of revenues. As more LEO constellations start to launch, NGEO players represent an emerging target market, with de-orbiting services expected to dominate this segment. However, despite the abundance of opportunities for In-Orbit Services, systems will be most constrained by the need for government and legal administration support.
“In-Orbit Servicing is a gateway to new opportunities and revenue streams in space,” notes NSR Senior Analyst and report co-author, Shagun Sachdeva. “Options like life extension, robotics, and salvage not only offer immediate cost benefits, but open environmentally positive possibilities, such as debris removal in the near term to recycling components from defunct, de-orbited satellites in the long term.” Over the next decade, In-Orbit Servicing is expected to be dominated by GEO services– making up 75% of the total revenues according to NSR’s IoSM2.
The lack of strict regulations remains one of the biggest constraints for the In-Orbit Servicing market. Investors are cautious about these services, considering the novelty of the technology and the accompanying lack of policy. NSR Analyst and report co-author, Leena Pivovarova adds, “Long-term growth will depend on government support, as well as, legal and regulatory requirements coming together to facilitate market expansion.” The small satellite business model is capable of challenging the status quo by bringing in new ideas to derive more performance from existing assets. While early years will face challenges common to any new technology, such as sensitive stakeholders and the need for new regulations to be deployed around liability and communication, once the first in-orbit demonstration is successfully completed, it will raise the confidence level amongst weary shareholders.
With a wide array of options and an even wider assortment of potential benefits, In-Orbit Servicing is well positioned for growth over the next decade. NSR’s In-Orbit Servicing Markets, 2nd Edition report discusses the potential for the entire industry, with focus on opportunities in both GEO and non-GEO orbits.
About the Report
NSR’s In-Orbit Servicing Markets, 2nd Edition (IoSM2) report analyzes this emerging market for GEO and NGEO spacecraft, including services such as refueling, position keeping, satellite maintenance, and relocation. Also included in NSR’s IoSM2 is an assessment of active debris removal services. The main players and the status of each is compared and the respective business models analyzed. This study offers a comprehensive analysis over each type of service that is relevant to GEO and Non-GEO missions. Potential benefits as well as challenges to implementation for each service are evaluated to provide a forecast for IoS demand and revenues by type of customer and application for the period of 2018 – 2028.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
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Companies and Organizations Included in the Report
Airbus Defence and Space, Altius Space Machines, Andrews Space, Spaceflight Systems, ArianeSpace, Astroscale, Atomos Nuclear & Space, Chandah Space Technologies, D-orbit, DigitalGlobe, Effective Space, Honeybee Robotics Spacecraft Mechanisms Corporation, Infinite Orbits, iBOSS GmbH, ISISpace, Maxar/SSL, Momentus Space, Northrop Grumman Corporation, Novawurks, Olis Robotics, Oneweb, Orbitfab, Planet Labs, SSTL, Surrey Space Centre, Tethers Unlimited, Thaicom, Weintraus, CONFERS, DARPA, DLR, ESA, FCC, and NASA.