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.
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.
The space industry is full of acronyms, but TRL or “Technology Readiness Level” is one that we hear often for many new and emerging markets. As a measure of the availability and status of the technology required for an operation, it gives an indication of how close to ‘lift-off’ is the said technology.
Servicing satellites in geosynchronous orbit is a “nascent industry” with significant future potential. Companies are weighing “service-or-replace trade-offs.” In an uncertain business climate, satellite manufacturers and operators are looking for new ways to manage their fleets, and might find life-extension services a compelling option. NSR in January published the industry’s first study on the in-orbit.