In-Orbit Servicing Market Opportunity Exceeds $3 Billion
Summary
“In-orbit servicing is an entirely new market, ripe for growth, providing the satellite industry with an attractive value proposition in an environment of falling capacity prices, rapid technology changes, and uncertainty in CAPEX,” noted Carolyn Belle , NSR Senior Analyst and report co-author.But the potential of In-Orbit Servicing is vast and varied: from life extension, de-orbiting, and salvage operations that lead early revenue opportunities, to satellite repair and alteration on the mid-term roadmap, while diverse emerging applications support is a long-term objective.She added: “After years of demonstration and tests, recent contracts and upcoming missions show signs of a solidifying business case for IOS”.Still, the future success of the industry has obstacles to overcome and will also depend on government support and legal and regulatory requirements coming together to facilitate market growth.First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.