NSR’s In-Orbit Servicing Markets, 2nd Edition report forecasts $4.5 billion in cumulative revenues from In-Orbit Satellite Services by 2028. Although growth is anticipated across all applications in all orbits, GEO satellite life extension will yield the largest share of revenues. As more LEO constellations start to launch, NGEO players represent an emerging target market, with de-orbiting services expected to dominate this segment. However, despite the abundance of opportunities for In-Orbit services, systems will be most constrained by the need for government and legal administration support.
“In-Orbit Servicing is a gateway to new opportunities and revenue streams in space,” notes NSR Senior Analyst and report co-author, Shagun Sachdeva. “Options like life extension, robotics and salvage not only offer immediate cost benefits, but open environmentally positive possibilities, such as debris removal in the near term to recycling components from defunct, de-orbited satellites in the long term.”
Over the next decade, In-Orbit Servicing is expected to be dominated by GEO services– making up 75 percent of the total revenues, according to the report.