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NSR Report: In-Orbit Satellite Servicing and Space Situational Awareness Represent a $6.2 Billion Opportunity
GEO Life Extension and LEO De-Orbiting Drive Revenue, while Active Debris Removal and Space Situational Awareness Expand Market
CAMBRIDGE, Mass., Feb. 01, 2021 (GLOBE NEWSWIRE) NSR’s
In-Orbit Servicing & Space Situational Awareness Markets, 4
th Edition (IOSM4)
report, released today, forecasts In-Orbit Satellite services (IoS) cumulative revenues of $6.2 billion by 2030. While growth is anticipated across all applications, GEO Satellite Life Extension is expected to generate the largest portion of revenues due to the sheer number of satellites expected to use this service.
NSR’s
IoSM4 also sees growth in satellite constellations greatly increasing the addressable market in Non-GEO, where services will focus mostly on De-Orbiting and Space Situational Awareness (SSA). NSR’s latest report forecasts both ground and space based SSA revenues to represent a cum