by on September 26, 2023
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The global space in-orbit refueling market size was USD 2.3 Million in 2021 and is expected to register a revenue CAGR of 100.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing demand for extending mission longevity, value, and flexibility in the space industry is a key factor driving market revenue growth. In addition, the increasing importance and benefits of space exploration are also driving revenue growth in the market. Space exploration activities provide various benefits; for instance, they aid in transforming and improving understanding of medical conditions on Earth, while astronauts are affected by microgravity, radiation, and isolation.

The comprehensive and significant market research study on Space In Orbit Refueling offers business strategies, qualitative and quantitative analyses, and emerging trends. The report provides an in-depth examination and analysis of the key elements of the global Space In Orbit Refueling Market. By conducting extensive primary and secondary research and analyzing the drivers, constraints, challenges, trends, and opportunities of the Space In Orbit Refueling Market, the research analysts created this report.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Astroscale, Altius Space Machines, D-Orbit SpA, Lockheed Martin Corporation, LMO, Maxar Technologies, Momentus Inc., Orbit Fab, Inc., Obruta Space Solutions Corp., and Starfish Space

Target Audience of the Global Space In Orbit Refueling Market Report:

Key Market Players

Investors

Venture capitalists

Small- and medium-sized and large enterprises

Third-party knowledge providers

Value-Added Resellers (VARs)

Global market producers, distributors, traders, and suppliers

Research organizations, consulting companies, and various alliances interested in this sector

Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Space In Orbit Refueling Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Space In Orbit Refueling market on the basis of product, application, and region:

Segments Covered in this report are:

Propulsion System Outlook (Revenue, USD Million; 2019-2030)

Monopropellant Hydrazine Propulsion Systems

Bipropellant Propulsion Systems

Unified Propulsion Systems

Ion Propulsion Systems

Others

Application Outlook (Revenue, USD Million; 2019-2030)

Earth Observation

Communication

Navigation

Regional Outlook (Revenue, USD Million; 2019–2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of Middle East & Africa

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Some Key Highlights From the Report

The bipropellant propulsion systems segment accounted for a significant revenue share in 2021. Increasing applications in orbital satellites and spacecraft is a key factor driving market revenue growth. In addition, market companies are significantly investing in product innovations and improving performance of bipropellant propulsion systems. This is a key factor contributing to market revenue growth.

The communication segment accounted for a significant revenue share in 2021. Increasing demand for high-connectivity satellite connectivity from various end-use industries is a key factor driving revenue growth of the market. Satellite communication plays a key role in multiple industries and is mainly used in business continuity, emergency management, healthcare services, outdoor recreation, and many others. In addition, end-use companies are investing in training their employees and upskilling them with latest hardware and software tools.

The North America market accounted for largest revenue share in 2021. Presence of market companies, such as Lockheed Martin Corporation, Maxar Technologies, and others, is a major factor driving market revenue growth in this region. These companies are significantly investing in expanding their existing capabilities and providing better services. In addition, increasing support from government and aerospace organizations, such as National Aeronautics Space Administration (NASA), is also driving market revenue growth. Market companies and space research organizations are also focusing on sustainability and increasing their efforts to address rising safety concerns in space, primarily as a result of increasing space debris and space congestion.

Additional information offered by the report:

Along with a complete overview of the global Space In Orbit Refueling market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.

The report elaborates on the global Space In Orbit Refueling market size and share governed by the major geographies.

It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.

It further presents a detailed description of the company profiles of the key market contenders.

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