The global on-orbit services market was valued at USD 2,332.6 million in 2023 and is expected to grow to USD 5,897.6 million by 2032, increasing from USD 2,547.2 million in 2024 at a compound annual growth rate (CAGR) of 11.1% during the forecast period. In 2023, North America led the market, accounting for a dominant share of 45.95%.
The on-orbit services market is rapidly gaining momentum as space sustainability and satellite longevity become top priorities. With advancements in satellite servicing, refueling, and debris removal, the sector is transforming how we manage space assets. As demand for innovative and cost-effective solutions grows, on-orbit services are emerging as a key enabler of the new space economy.
Several companies are actively shaping the on-orbit services landscape. Leading organizations include:
Airbus S.A.S (Netherlands)
Thales Alenia Space (France)
Lockheed Martin Corporation (U.S.)
Orbit Fab (U.S.)
Astroscale (Japan)
ClearSpace SA (Switzerland)
Obruta Space Solutions Corp. (Canada)
D-Orbit SpA (Italy)
Maxar Technologies (U.S.)
Eta Space (U.S.)
https://www.fortunebusinessinsights.com/on-orbit-services-market-108399
By Orbit:
Geostationary Orbit (GEO)
Medium Earth Orbit (MEO)
Low Earth Orbit (LEO)
Each orbit category has different requirements and challenges, influencing the demand for specific on-orbit services.
By End User:
Government & Defense: Includes military and space agency initiatives focused on national security and satellite longevity.
Commercial: Encompasses private satellite operators, telecommunications, and research organizations.
By Service:
Inspection: Satellite health monitoring and anomaly detection.
Refueling: Extending operational lifespans by replenishing propellants.
Repair: On-site maintenance to address technical malfunctions.
Upgrade: Enhancing capabilities through new technology integration.
Other Services: Includes deorbiting and repositioning.
By Frequency:
Short-term: Services required within a few months.
Medium-term: Conducted over a span of a few years.
Long-term: Ongoing maintenance programs extending beyond five years.
The COVID-19 pandemic initially disrupted supply chains and delayed satellite launches. However, as global economies rebounded, investment in space technology surged, with increased focus on on-orbit servicing to optimize existing assets rather than launching new satellites. The pandemic emphasized the need for resilient space infrastructure, accelerating technological advancements in autonomous servicing and robotic maintenance.
North America
North America led the on-orbit services market in 2023, holding a dominant market share of 45.95%. The presence of major space companies, robust government funding, and increasing private sector participation have propelled growth in this region.
Europe
Europe is witnessing steady growth due to advancements in satellite servicing technologies and collaborations between government agencies and private firms.
Asia-Pacific
Countries like Japan and China are investing heavily in space missions, driving demand for on-orbit services in this region.
Rest of the World
Other regions, including the Middle East and Africa, are slowly entering the market, focusing on satellite-based communication and Earth observation initiatives.
December 2024:
Thales Alenia Space, a joint venture between Thales and Leonardo, signed a first-phase contract worth €25 million (USD 26.09 million) with the European Space Agency (ESA) to demonstrate a complete cargo delivery service to and from space stations in low-Earth orbit by 2028. Thales Alenia Space will co-lead the development of this LEO Cargo Return Service.
December 2023:
Rogue Space Systems Corporation, a provider of space situational awareness and satellite servicing solutions, will locate a satellite after its deployment from SpaceX Transporter 9. The mission involves establishing communication and performing operations for the customer’s satellite.
The on-orbit services market is poised for rapid expansion due to technological innovations, increasing satellite deployments, and the growing need for sustainable space operations. Companies are focusing on automation, AI-powered diagnostics, and in-orbit manufacturing to revolutionize the industry. As demand for satellite servicing rises, the sector is expected to witness increased investments, partnerships, and policy developments, shaping the future of space sustainability.