A market for in-space manufacturing and assembly (ISMA) and on-orbit services (OOS) is currently shaping which could reach several billions of dollars, with valuations ranging from US$ 3 billion (SpaceTec Partners, NSR 2019) to US$ 6.2 billion (NSR, 2020).
NSR’s newly released Space Traffic Study report finds that the amount of data to/from space will reach more than 500 exabytes of information from 2020 to 2030. Driven by the increasing needs for satellite-based connectivity and Earth Observation, data either generated in space or traveling through space will be roughly the equivalent of $3.9 billion average capacity.
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.
Space Situational Awareness (SSA), the commercialized service of monitoring orbit and warning operators, maybe the best market response to this litter challenge. Yet, while the risk and opportunity grow daily, the SSA market lags. NSR’s In-Orbit Servicing & Space Situational Awareness Markets, 4th Edition (IoSM4) report forecasts SSA services to grow from just $2 million to $282.
Northrop Grumman ‘s spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Northern Sky Research, a satellite consulting firm, estimates that the market for satellite servicing and life extensions is a $3.2 billion opportunity over the next decade. The firm forecasts that there is demand for servicing upward of.