The global   on-orbit services market   was valued at USD 2,332.6 million in 2023 and is expected to increase from USD 2,547.2 million in 2024 to USD 5,897.6 million by 2032, reflecting a CAGR of 11.1% during the forecast period. North America dominated the market in 2023 with a 45.95% share, supported by robust government initiatives and a well-established aerospace sector.

Market growth is being driven by the rising demand for satellite life extension, debris removal, in-orbit refueling, and in-space manufacturing. With the number of satellites in orbit rapidly increasing, the need for sustainable space operations and long-term infrastructure maintenance has become a critical priority. Advancements in technology, coupled with expanding collaborations between public agencies and private companies, are fueling innovation in on-orbit servicing solutions. North America continues to lead the industry, backed by strong funding, active participation from leading space players, and initiatives aimed at enhancing satellite functionality and space situational awareness.

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.)

Information Source:

https://www.fortunebusinessinsights.com/on-orbit-services-market-108399

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.

Industry   Developments :

December 2024 – Thales Alenia Space, a joint venture between Thales and Leonardo, signed a first-phase contract valued at €25 million (USD 26.09 million) with the European Space Agency (ESA) to develop and demonstrate a complete cargo delivery service to and from space stations in low-Earth orbit (LEO) by 2028. The company will co-lead the development of this innovative LEO Cargo Return Service, marking a key step toward commercial space logistics.

December 2023 – Rogue Space Systems Corporation, a provider of space situational awareness and satellite servicing solutions, announced its upcoming mission to locate and communicate with a customer’s satellite following its deployment from SpaceX's Transporter-9 mission. The operation will involve establishing contact and initiating in-orbit servicing tasks, supporting the customer’s satellite functionality and mission objectives.

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.