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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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.
North America