NSR Report: In-Orbit Satellite Services Pave the Way to Manage Space Assets
Services Supporting Constellations and Large GEOs to Generate Over $3B by 2029
Cambridge, MA – NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 3rd Edition report, released today, forecasts over $3.1B in cumulative revenues generated by 2029 for applications such as satellite life extension, relocation, de-orbiting, salvage, robotics, and space situational awareness. NSR’s analysis shows progress of this much-anticipated technology and business as launches of satellite constellations continue, and there is growing concerns and opportunity to service in-orbit infrastructure to more accurately and efficiently manage orbital assets.
The in-orbit servicing (IoS) market stands ready to develop quickly, as Northrop Grumman’s Mission Extension Vehicle launch in late 2019 kick-starts a flurry of life extension and space tugs in-orbit service technologies. Meanwhile, increasing partnerships between players and “future-proofing” of satellites, such as OneWeb’s recent announcement to install a grappling handle on its satellites to help with future de-orbiting, are aiding the commencement of services and their sustainability.
“GEO satellites were once isolated, but missions once ‘one and done’ are no longer the only available option,” notes Dallas Kasaboski, NSR Senior Analyst and report lead author. “Space as the ‘next frontier’ is increasingly becoming a service environment where demand for greater control of orbital infrastructure, from beginning through end of life, is a reality,” he adds. NSR’s analysis of the risks, challenges, players, and opportunity of IoS technology & services, finds that non-GEO satellites will drive 75% of demand. However, GEO will control over 66% of those cumulative revenues generated by 2029, due to higher complexity missions in higher orbits.
Once in-orbit demonstration of life extension missions are successful, NSR notes that more complicated applications, such as robotic manipulation and salvage will follow. At the same time, Space Situational Awareness (SSA), newly represented and forecasted in NSR’s report, is becoming even more globally recognized and supported.
“SSA will be vital for the future of the satellite industry. Tracking, monitoring, and predicting satellite and asset flight paths with more accuracy, precision, and timeliness will help ensure a safe and sustainable orbital environment,” notes Shagun Sachdeva, NSR Senior Analyst and report co-author. Yet, a disparate acknowledgment of the risks involved, competition among new entrants, freely available government programs, and outdated regulations will make the commercially offered SSA market just as challenging to navigate.
About the Report
NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 3rd Edition 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 IoSM3 is an assessment of active debris removal services, and an industry-first forecast of the space situational awareness opportunity. 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 2019 – 2029.
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.
Companies and Organizations Mentioned in the Report:
AGI, Airbus, Altius Space Machines, Andrews Spaceflight Systems, Astroscale, Atomos Nuclear & Space, Chandah Space Technologies, Corporation Numerica, DARPA, DLR, D-Orbit, Effective Space Solutions, ESA, Exoanalytic Solutions, Honeybee Robotics Spacecraft Mechanisms Corporation, Infinite Orbits, Kratos Defense & Security Solutions, L3 Applied Defense Solutions, LeoLabs, Lockheed Martin, Maxar, Momentus Space, NASA, Noosphere, Northrop Grumman, Northstar Earth & Space, Olis Robotics, OneWeb, Orbit Fab, Parsons, Polaris Alpha, Relativity, RemoveDEBRIS, Seraphim Capital, Space Logistics, SpaceNav, SSL, Tethers Unlimited, and Vision Engineering Solutions.
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
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