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.
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.
Orbit Fab’s geostationary orbit (GEO) fuel shuttle will supply Astroscale’s fleet of on-orbit life extension vehicles with up to 1,000 kilograms of fuel (xenon propellant). The agreement is “take-or-pay”…