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.
Key On-Orbit Services Market Players
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.)
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Market Segmentation
The on-orbit services market is segmented by end-user, orbit, satellite type, service, and solution. Among end-users, the military & government segment is growing rapidly due to investments from agencies like NASA and ESA, while the commercial & civil segment dominated in 2023. By orbit, Low Earth Orbit (LEO) held the largest share owing to increased small satellite deployments, whereas Geostationary Orbit (GEO) is expected to grow at the fastest pace as aging satellites require servicing. In terms of satellite type, Earth observation satellites led the market, while the space science segment is projected to grow fastest due to the critical nature of scientific missions. By service, refueling dominated and is anticipated to continue its strong growth, supported by cost-saving benefits and extended satellite lifespan. Lastly, robotic teleoperated solutions led in 2023 due to precision handling, while robotic autonomous systems are set to expand quickly with advancements in AI and visual perception technologies.
Regional Insights
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.
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Industry Developments:
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.
Future Outlook
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.
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