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:
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By Orbit: