Enhancement of In-Orbit Services and SSA Through Space Safety and Sustainability

The latest report by Novaspace, a firm formed following the merger of Euroconsult and SpaceTec Partners, anticipates a significant boost in space safety and sustainability, leading to a rise in in-orbit services. The report forecasts that the space logistics market will generate commercial revenue of roughly $4.6 billion over the next decade.

The surge in space safety and sustainability is a response to the rapid growth in the number of satellites. In the next decade, the number of satellites launched is predicted to increase by 76% compared to the previous decade, totaling around 28,000. Moreover, with over 6,000 active satellites currently in orbit, satellite operators are acknowledging the necessity for Space Situational Awareness (SSA) solutions to ensure safe space travel. The report projects that the revenue from commercial SSA services and data sales will be approximately $2.5 billion over the next ten years.

Various defense agencies are exploring satellite refueling options to improve mobility in the congested space environment. At the same time, governments focused on sustainability are investing in space debris removal demonstrations, despite the high costs and coordination challenges. On-orbit transfer vehicle (OTV) operators are also addressing market challenges, including launch costs and capacity limitations. These combined markets are anticipated to generate around $1.7 billion in revenue over the decade, a small percentage of the expected satellite manufacturing and launch value.

Despite the challenges, Gabriel Deville, a consultant at Novaspace and editor of the report, is optimistic about the future of space logistics. He believes that the rapidly evolving and complex space environment is leading the way for ambitious demonstrations that have the potential to redefine the long-term economics of space.

The report also examines changes in the launch market, focusing on SpaceX’s dominance in heavy launches in the West and the impending introduction of the Starship super heavy launcher. It also discusses the competitive landscape among small launchers and provides a detailed launch forecast, predicting an average of 210 launches per year over the next decade.

The third edition of the Novaspace’s Space Logistics Market report is now available. It provides insights and forecasts across six market verticals, offering a comprehensive view of the future of space logistics.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *