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.
But there are also other lucrative markets connected to the space industry, such as space debris removal services, or satellite servicing companies, which refuel or repair space satellites while in orbit. According to a report from Northern Sky Research this could become a $3.2 billion market opportunity by 2030.
Two weeks ago, the derelict NOAA-17 satellite broke up. At the same time, NASA jettisoned a 3-ton cargo pallet of junk from the International Space Station, part of the program’s typical waste process, which will remain in orbit for several years while NOAA’s satellite will be there for much longer. The problem with space debris.
A Ukrainian company is building a fleet of recyclable spacecraft for the maintenance and removal of satellites in orbit. The market for Active Debris Removal (ADR for short) in space is becoming more important with each passing year as the number of missions continues to increase significantly. According to Northern Sky Research (NSR), a satellite.