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.
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.
Last week, two major constellations operators, OneWeb and SpaceX, nearly crashed in space, when two of their satellites almost collided. Another near-miss happened the same day when two other satellites nearly struck each other over the Arctic. And last month, the 2-ton NOAA-17 satellite broke up, sending dangerous debris all along its orbit. This type.
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.
Northrop Grumman‘s second servicing satellite, MEV-2, approaches Intelsat’s 10-02 satellite readiness for a docking attempt. According to the Philadelphia-based satellite industry consultant Northern Sky Research(NSR) research, the GEO servicing missions will grow to about seventy-five satellites by 2030. These life-extension missions are valued at approximately $3.2 billion cumulative market potential. [NSR] reveals that’s in the.