Europe On Orbit Satellite Servicing Market
Europe On-Orbit Satellite Servicing Market Research Report By Service Type (Refueling, Repurposing, Repair, Transport, Upgrade), By Satellite Type (Commercial Satellites, Government Satellites, Military Satellites, Scientific Satellites), By End User (Government Agencies, Commercial Enterprises, Research Institutions, Non-profit Organizations), By Operational Phase (Pre-Launch, On-Orbit, Decommissioning) and By Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)- Forecast to 2035
Industry Developments
The Europe On-Orbit Satellite Servicing Market is witnessing significant developments, with companies like Lockheed Martin and Airbus Defence and Space enhancing their capabilities. In September 2023, Lockheed Martin announced an expansion of its partnerships for satellite servicing technologies, aiming to decrease costs and increase efficiencies. ASTROSCALE also made headlines with its ongoing efforts to promote sustainability in space operations, focusing on debris removal strategies. In terms of acquisitions, Airbus announced in August 2023 its acquisition of a robotic technology startup, enhancing its portfolio for satellite servicing systems.
Growth in this sector has been notable, with market valuations increasing due to rising demand for satellite maintenance and decommissioning services. Furthermore, in 2022, Viasat secured contracts with European agencies to provide satellite communication solutions, indicating robust future growth in this sector. Recent reports highlight collaborative initiatives among major players such as Thales Alenia Space and Northrop Grumman to develop advanced on-orbit servicing technologies, showcasing the strategic importance of the European market in this rapidly evolving industry landscape.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.38(USD Billion) |
| MARKET SIZE 2024 | 1.54(USD Billion) |
| MARKET SIZE 2035 | 4.96(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.217% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Lockheed Martin, Viasat, Airbus Defence and Space, Airbus, ASTROSCALE, Rocket Lab, Addvalue Innovation, EXPLORE, Neumann Space, Starcent, Thales Alenia Space, Maxar Technologies, Inmarsat, Northrop Grumman, ClearSpace |
| SEGMENTS COVERED | Service Type, Satellite Type, End User, Operational Phase, Regional |
| KEY MARKET OPPORTUNITIES | Increased satellite lifespan extension, Growth in commercial satellite servicing, Development of sustainable space practices, Rising demand for satellite upgrades, Expansion of government-led initiatives. |
| KEY MARKET DYNAMICS | Increasing satellite lifespan, Reducing operational costs, Growing demand for satellite data, Advancements in space technology, Collaboration among space agencies |
| COUNTRIES COVERED | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
FAQs
What is the expected market size of the Europe On-Orbit Satellite Servicing Market in 2024?
The Europe On-Orbit Satellite Servicing Market is expected to be valued at 1.54 billion USD in 2024.
What will be the market value of the Europe On-Orbit Satellite Servicing Market by 2035?
By 2035, the market is projected to reach a value of 4.96 billion USD.
What is the expected CAGR for the Europe On-Orbit Satellite Servicing Market from 2025 to 2035?
The market is anticipated to grow at a CAGR of 11.217% from 2025 to 2035.
Which country is expected to hold the largest market share in the Europe On-Orbit Satellite Servicing Market by 2035?
Germany is projected to dominate the market with an anticipated value of 1.46 billion USD by 2035.
What is the market size of the Refueling segment in the Europe On-Orbit Satellite Servicing Market for 2024?
The Refueling segment is expected to be valued at 0.4 billion USD in 2024.
What are the expected market values for the Repair segment by 2035?
The Repair segment is anticipated to be valued at 1.1 billion USD by 2035.
Who are some of the key players in the Europe On-Orbit Satellite Servicing Market?
Major players include Lockheed Martin, Airbus Defence and Space, and Northrop Grumman.
What is the anticipated growth rate for the UK market in the Europe On-Orbit Satellite Servicing sector?
The UK market is expected to grow, reaching 1.14 billion USD by 2035 from 0.35 billion USD in 2024.
What challenges might impact the Europe On-Orbit Satellite Servicing Market growth?
Challenges may include regulatory hurdles and technological limitations affecting service delivery.
What is the expected market size for the Transport segment in 2035?
The Transport segment is projected to reach a value of 0.8 billion USD by 2035.
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