The global on-orbit services market was valued at USD 2,332.6 million in 2023 and is projected to grow from USD 2,547.2 million in 2024 to USD 5,897.6 million by 2032, at a CAGR of 11.1% during the forecast period. North America dominated the market in 2023, holding a leading share of 45.95%.
The market is gaining strong traction as satellite longevity and space sustainability take center stage. With rapid advancements in satellite servicing, refueling, and debris removal, on-orbit services are revolutionizing space asset management. As the need for cost-effective, innovative solutions rises, these services are becoming vital to the future of the 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.