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.
Flexibility is the greatest driver in the satellite industry. As technology across the value chain has improved, barriers to entry have come down in both manufacturing and launch. In turn, a growing diversity of solutions has, and continues to, come to market, finding new ground by providing customers with more options, through flexibility. This was.
As Satellite & Space Analysts there are few truths in our market: Schedules almost always slip to the right; and the volume of data always increases. While others at NSR frequently comment around schedule (see… nearly anything we publish), the second ‘fact’ requires further explanation. It is no doubt true that the amount of “data”.
A study from analysts at Northern Sky Research (NSR) suggests that by 2031 some 57,500 passengers will be taking a trip into space. The value of this space tourism and orbital travel will capture the majority of an overall cumulative $20.3 billion in related revenues. The numbers come from NSR’s Space Tourism & Travel Markets,.
As the most stable and lucrative segment through 2031, Orbital Travel is set to capture 66% of total revenue opportunity. Orbital Travel has strong government support with initiatives such as the Commercial Crew program and commercial company led Space Station development. High ticket prices, coupled with very strong demand, results in a fast-growing market, even amongst delays.