Market Forecast Focuses on Commercial End Users of Space In-Orbit Rrefueling

Page 1

Space In-Orbit

and

Analysis

1 All rights reserved at BIS Research Inc. GLOBAL SPACE IN ORBIT REFUELING Attribution: Please Provide Link of Focus on Application, End User, Capability, and Country Analysis and Forecast: 2022-2032 August 2022
Refueling Market - A Global
Regional
Table of Content In-orbit refueling capabilities is driving the growth of the in orbit servicing segment of the space industry

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GLOBAL SPACE INORBIT REFUELING MARKET

1.1.2.1

In Orbit

Technology Trends

Extension

Propellant

Bulk Fuel

Satellite Docking Systems

Ongoing and Upcoming Program

1.1.3.1 Lockheed Martin’s Augmentation System Port Interface (ASPIN) Program

1.1.3.2 Space Infrastructure Dexterous Robot (SPIDER) Program

Robotic Servicing of Geosynchronous Satellites (RSGS) Program

1.1.3.4 NASA’s Robotic Refueling Mission (RRM)

1.1.3.5 ESA’s Esprit Program

Orbital Express Space Operations

1.2.1.1

Operational

3 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET Table of Content Executive Summary..........................................................................17 1 Markets.....................................................................................23 1.1 Industry Outlook ............................................................................................. 24 Space
Services: Overview ........................................................... 24 1.1.1.1 Life Extension 24 1.1.1.2 De Orbiting.........................................................................................................25 1.1.1.3 Satellite Inspection and Repair 25 1.1.1.4 Relocation 26 Emerging
................................................................... 26
Life
Vehicles 27 1.1.2.2 Orbital
Transfer Vehicles 27 1.1.2.3
Depots................................................................................................27 1.1.2.4
28
............................................................. 29
......29
29 1.1.3.3
30
.........................................................30
31 1.1.3.6
Architecture Program 32 Start-Up Landscape.................................................................................... 32 Patent Analysis........................................................................................... 35 1.2 Business Dynamics........................................................................................ 41 Business Drivers ........................................................................................ 41
Increase in Demand for Sustainable and Reusable Space Systems 41 1.2.1.2 Life Extension Services to Enable Other In Orbit Services in Future 42 Business Challenges.................................................................................. 42 1.2.2.1 High
Cost of Refueling 42
4 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET 1.2.2.2 Technical Challenges 43 1.2.2.2.1 Spacecraft Design Compatibility for Refueling Operations......................................43 1.2.2.2.2 Storage and Transfer of Cryogenic Propellants in Space 43 1.2.2.2.3 Interface and Docking 44 1.2.2.3 Regulatory Challenges 45 Business Strategies ................................................................................... 45 1.2.3.1.1 Market Developments 46 1.2.3.1.2 Product Developments 47 Corporate Strategies .................................................................................. 47 1.2.4.1.1 Contracts, Agreements, Partnerships, Collaborations, and Mergers 47 Business Opportunities ............................................................................. 48 1.2.5.1.1 Increase in Investments for Startups 48 1.2.5.1.2 Rise in Demand for In-Space Services 49 1.2.5.1.3 Advancement of New Space Technologies for Storage, Refueling, and Receiving Propellants 50 2 Application ................................................................................51 2.1 Global Space In-Orbit Refueling Market (by Application)............................ 52 Market Overview......................................................................................... 52 2.1.1.1 Demand Analysis of the Global Space In Orbit Refueling Market (by Application) 52 Earth Observation....................................................................................... 53 Communication........................................................................................... 54 Navigation ................................................................................................... 54 2.2 Global Space In-Orbit Refueling Market (by End User) ............................... 55 Market Overview......................................................................................... 55 Commercial................................................................................................. 55 2.2.2.1 Demand Analysis of the Global Space In Orbit Refueling Market (Commercial End User, by End User) 55 Other End Users ......................................................................................... 56 3 Technology ................................................................................58

Space

User,

Players

Space

User,

5 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET 3.1 Global Space In Orbit Refueling Market (by Capability).............................. 59 Market Overview......................................................................................... 59 Propellant Transfer..................................................................................... 59 In Orbit Rendezvous................................................................................... 60 In-Orbit Propellant Storage 60 4 Regions......................................................................................62 4.1 North America ................................................................................................. 65 Market.......................................................................................................... 65 4.1.1.1 Key Players in North America............................................................................65 Application.................................................................................................. 66 4.1.2.1 North America Space In-Orbit Refueling Market 66 North America (by Country)....................................................................... 67 4.1.3.1 U.S. 67 4.1.3.1.1 Market 67 4.1.3.1.1.1 Key Players in the U.S......................................................................................67 4.1.3.1.2 Application 68 4.1.3.1.2.1 U.S.
In Orbit Refueling Market (Commercial End
by End User) 68 4.1.3.2 Canada 68 4.1.3.2.1 Market 69 4.1.3.2.1.1 Key
in Canada .....................................................................................69 4.1.3.2.2 Application 69 4.1.3.2.2.1 Canada
In Orbit Refueling Market (Commercial End
by End User) 69 4.2 Europe.............................................................................................................. 71 Market.......................................................................................................... 71 4.2.1.1 Key Players in Europe .......................................................................................71 Application.................................................................................................. 72 4.2.2.1 Europe Space In Orbit Refueling Market (Commercial End User, by End User) ..................................................................................................................72

Europe (by Country)

4.2.3.1

4.2.3.1.1 Market

4.2.3.1.1.1 Key Players in the U.K. 73

4.2.3.1.2 Application

4.2.3.1.2.1 U.K. Space In Orbit Refueling

End User, by End User)

4.2.3.2

4.2.3.2.1 Market

4.2.3.2.1.1 Key Players in France 75

4.2.3.2.2 Application 75

4.2.3.2.2.1 France Space In Orbit Refueling Market (Commercial End User, by End User) 75

4.2.3.3 Germany 76

4.2.3.3.1 Market 76

4.2.3.3.1.1 Key Players in Germany 76

4.2.3.4 Russia 76

4.2.3.4.1 Market 77

4.2.3.4.1.1 Key Players in Russia 77

4.2.3.5 Rest-of-Europe 77

4.2.3.5.1 Market 77

4.2.3.5.1.1 Key Players in Rest of Europe

4.3 Asia-Pacific......................................................................................................

4.3.1.1 Key Players in Asia Pacific

Asia-Pacific (by Country)

4.3.2.1

4.3.2.1.1 Market

4.3.2.1.1.1 Key Players in India

4.3.2.2 Japan

6 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
................................................................................... 73
U.K.....................................................................................................................73
73
74
Market (Commercial
74
France................................................................................................................74
75
77
79 Market.......................................................................................................... 79
79
........................................................................... 79
India ...................................................................................................................79
80
80
.................................................................................................................80

4.3.2.2.1

4.3.2.3 Rest of Asia Pacific

4.3.2.3.1 Market

Players

of Asia Pacific

5.2.1.1

5.2.1.1.1

of Astroscale Holdings

5.2.1.1.2 Product Portfolio

5.2.1.2 Business Strategies

in the Global Space In Orbit Refueling Market

5.2.1.2.1 Business Expansion and Investments

5.2.1.3 Corporate Strategies

5.2.1.3.1

5.2.1.4 Analyst

Collaborations, Agreements, and Contracts

Altius Space Machines,

5.2.2.1 Company Overview

5.2.2.1.1 Role of Altius Space Machines, Inc. in the Global Space In Orbit Refueling Market

5.2.2.1.2 Product Portfolio

5.2.2.2 Corporate

5.2.2.2.1 Partnerships and Contracts

5.2.2.3 Analyst View

D-Orbit SpA

5.2.3.1

5.2.3.1.1

Overview

of D Orbit SpA in the Global Space In Orbit Refueling Market

5.2.3.1.2 Product

7 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
Market 80 4.3.2.2.1.1 Key Players in Japan ........................................................................................80
80
81 4.3.2.3.1.1 Key
in Rest
81 5 Markets - Competitive Benchmarking & Company Profiles.........82 5.1 Competitive Benchmarking............................................................................ 83 5.2 Company Profiles ........................................................................................... 85 Astroscale Holdings Inc............................................................................. 85
Company Overview 85
Role
Inc.
85
86
86
86
87
Partnerships,
87
View ......................................................................................................88
Inc........................................................................ 89
89
89
90
Strategies..........................................................................................90
90
91
................................................................................................. 92
Company
92
Role
92
Portfolio.......................................................................................................93

5.2.3.2 Business Strategies

5.2.3.2.1

5.2.3.3 Corporate Strategies

5.2.3.3.1

5.2.3.4 Analyst View

Lockheed Martin

5.2.4.1

5.2.4.1.1

Overview

of Lockheed Martin

5.2.4.1.2 Product Portfolio

5.2.4.2 Business Strategies

5.2.4.2.1 Investments

5.2.4.3 Analyst View

LMO Space

5.2.5.1 Company

5.2.5.1.1

Global Space In Orbit Refueling

of LMO Space in the Global Space In Orbit Refueling Market

5.2.5.1.2 Product Portfolio

5.2.5.2 Business Strategies

5.2.5.2.1 Business Expansion

5.2.5.3 Corporate Strategies

5.2.5.3.1

5.2.5.4 Analyst View

Maxar Technologies

5.2.6.1 Company

5.2.6.1.1

of Maxar Technologies

in the Global Space In Orbit Refueling Market

5.2.6.2 Business Strategies

5.2.6.2.1

5.2.6.3

8 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
93
Business Expansion.................................................................................................93
94
Partnerships 94
95
Corporation.................................................................... 96
Company
96
Role
Corporation in the
Market 96
97
97
97
98
.................................................................................................. 99
Overview............................................................................................99
Role
99
100
.........................................................................................100
100
101
Partnerships ...........................................................................................................101
101
Inc........................................................................... 102
Overview..........................................................................................102
Role
Inc.
102 5.2.6.1.2 Product Portfolio.....................................................................................................103
103
Business Investments 103
Corporate Strategies........................................................................................104

5.2.6.3.1

Momentus Space

5.2.7.1

5.2.7.1.1

5.2.7.1.2

5.2.7.2

5.2.7.2.1

Orbit Fab,

5.2.8.1

5.2.8.1.1

Overview

of Momentus Space

Portfolio

Strategies

lobal Space In Orbit Refueling Market

Overview

of Orbit Fab, Inc. in the Global Space In Orbit Refueling Market

5.2.8.1.2 Product Portfolio

5.2.8.2 Business Strategies

5.2.8.3 Corporate Strategies

5.2.8.3.1 Partnerships, Agreements, and Contracts

5.2.8.4 Analyst View

Obruta Space Solutions

5.2.9.1 Company Overview

5.2.9.1.1 Role of Obruta Space Solutions in the Global Space In Orbit Refueling Market

5.2.9.1.2 Product Portfolio

Orbit Recycling

5.2.10.1

5.2.10.1.1

Overview

of Orbit Recycling

Analyst View

lobal Space In Orbit Refueling Market..............116

9 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
Contracts 104 5.2.6.4 Analyst View ....................................................................................................104
...................................................................................... 105
Company
105
Role
in the G
105
Product
106
Corporate
107
Partnerships, Collaborations, Agreements, and Contracts 107 5.2.7.3 Analyst View ....................................................................................................107
Inc............................................................................................. 109
Company
109
Role
109
110
111 5.2.8.2.1 Investments............................................................................................................111
111
111
....................................................................................................112
........................................................................... 114
114
114
115 5.2.9.2 Analyst View ....................................................................................................115
......................................................................................... 116
Company
116
Role
in the G
5.2.10.2
117 SpaceX....................................................................................................... 118

5.2.11.1 Company Overview

5.2.11.1.1

of SpaceX in the Global Space In Orbit Refueling Market..........................118

5.2.11.1.2 Product Portfolio

5.2.11.2 Business Strategies

5.2.11.2.1 Investments

5.2.11.3

SpaceLogistics (a subsidiary of Northrop Grumman Corporation)

5.2.12.1 Company Overview

5.2.12.1.1 Role of SpaceLogistics (A Subsidiary of Northrop Grumman Corporation) in the Global Space In Orbit Refueling Market

5.2.12.1.2 Product Portfolio

5.2.12.2 Corporate

5.2.12.2.1 Partnerships, Collaborations, Agreements, and Contracts

5.2.12.3 Analyst View

Space Machines Company

5.2.13.1 Company Overview 124

5.2.13.1.1 Role of Space Machines Company in the Global Space In Orbit Refueling Market 124

5.2.13.1.2 Product Portfolio 125

5.2.13.2 Corporate Strategies 125

5.2.13.2.1 Partnerships 125

5.2.13.3 Analyst View 126

Starfish Space

5.2.14.1 Company

5.2.14.1.1

of Starfish Space Inc. in the Global Space In Orbit Refueling Market 127

5.2.14.1.2 Product Portfolio

5.2.14.2 Business Strategies

5.2.14.2.1 Investments

5.2.14.3 Corporate Strategies

5.2.14.3.1 Partnerships, Collaborations, Agreements, and Contracts....................................129

10 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
118
Role
119
119
119
Analyst View ....................................................................................................119
..... 121
121
121
122
Strategies........................................................................................123
123
123
...................................................................... 124
Inc..................................................................................... 127
Overview..........................................................................................127
Role
128
.........................................................................................128
128
129

5.2.14.4

Tethers Unlimited,

5.2.15.1

5.2.15.1.1

5.2.15.1.2

Overview

Tethers

Inc.

Space

Orbit Refueling

5.2.15.2.1

5.2.15.3.1

5.2.15.4

Growth Opportunities

6.1 Space In-Orbit Refueling

Growth Opportunity:

6.1.1.1

Opportunity:

Growth Opportunity:

6.1.3.1

Research Methodology

Production of Satellites.....................

for Enabling

Space

11 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET
Analyst View 129
Inc. ............................................................................. 131
Company
131
Role of
Unlimited,
in the Global
In
Market 131
Product Portfolio 132 5.2.15.2 Business Strategies .........................................................................................132
Business Investments 132 5.2.15.3 Corporate Strategies 133
Agreements 133
Analyst View 133 6
and Recommendations ..........................135
and Service Providers........................................ 136
Increasing
136
Recommendations 136 Growth
Need
Solutions................................ 136 6.1.2.1 Recommendations 137
Localized
Situational Awareness............. 137
Recommendations...........................................................................................137 Growth Opportunity: Additional Revenue Sources............................... 138 6.1.4.1 Recommendations 138 7
............................................................139 7.1 Factors for Data Prediction and Modeling.................................................. 142

List of Figures

Figure 1: Global Space In-Orbit Refueling Market, Volume (Number of Satellites Expected for Refueling), 2026 and 2032

Figure 2: Global Space In Orbit Refueling Market, $Million, 2026 and 2032

Figure 3: Global Space In Orbit Refueling Market (by Region), $Million, 2032

Figure 4: Global Space In Orbit Refueling Market Coverage

Figure 5: Global Space In Orbit Refueling Market: Business Dynamics

Figure 6: Share of Key Business Strategies and Developments, January 2019 June 2022

Figure 7: Share of Product Developments, January 2019-June 2022

Figure 8: Share of Contracts, Agreements, Partnerships, Collaborations, and Mergers, January 2019 June 2022

Figure 9: Global Space In Orbit Refueling Market (by Application)

Figure 10: Global Space In Orbit Refueling Market (by End User)

Figure 11: Global Space In Orbit Refueling Market (Commercial End User, by End User), $Million, 2021 2032

Figure 12: Global Space In Orbit Refueling Market (by Capability)

Figure 13: North America Space In Orbit Refueling Market, Value ($Million), 2021 2032

Figure 14: U.S. Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032

Figure 15: Europe Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032

Figure 16: U.K. Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032

Figure 17: France Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032

Figure 18: Global Space In Orbit Refueling Market: Competitive Benchmarking, 2021

Figure 19: Research Methodology

Figure 20: Bottom Up Approach

Figure 21: Global Space In Orbit Refueling Market: Influencing Factors

Figure 22: Assumptions and Limitations

12 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET

List of Tables

Table 1: Fundings, 2020-2022

Table 2: Patent Analysis, 2012 2020

Table 3: Global Space In Orbit Refueling Market (by Application), $Million, 2021 2032

Table 4: Earth Observation Satellite Applications

Table 5: Global Space In Orbit Refueling Market (by Region), Value ($Million), 2021 2032

Table 6: Canada Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032

Table 7: Global Space In-Orbit Refueling Market: Competitive Benchmarking and Weightage Parameters

Table 8: Astroscale Holdings Inc.: Product Portfolio

Table 9: Astroscale Holdings Inc.: Business Expansion and Investments

Table 10: Astroscale Holdings Inc.: Partnerships, Collaborations, Agreements, and Contracts

Table 11: Altius Space Machines, Inc.: Product Portfolio

Table 12: Altius Space Machines, Inc.: Partnerships and Contracts

Table 13: D Orbit SpA: Product Portfolio

Table 14: D-Orbit SpA: Business Expansion

Table 15: D Orbit SpA: Partnerships

Table 16: Lockheed Martin Corporation: Product Portfolio

Table 17: Lockheed Martin Corporation: Investments

Table 18: LMO Space: Product Portfolio

Table 19: LMO Space: Business Expansion

Table 20: LMO Space: Partnerships

Table 21: Maxar Technologies Inc.: Product Portfolio

Table 22: Maxar Technologies Inc.: Business Investments

Table 23: Maxar Technologies Inc.: Contracts

Table 24: Momentus Space: Product Portfolio

Table 25: Momentus Space: Partnerships, Collaborations, Agreements, and Contracts

Table 26: Orbit Fab, Inc.: Product Portfolio

Table 27: Orbit Fab, Inc.: Investments

Table 28: Orbit Fab, Inc.: Partnerships, Agreements, and Contracts

13 All rights reserved at BIS Research Inc. GLOBAL SPACE INORBIT REFUELING MARKET

Table 29: Obruta Space Solutions: Product Portfolio

Table 30: SpaceX: Product Portfolio

Table 31: SpaceX: Investments

Table 32: SpaceLogistics (A Subsidiary of Northrop Grumman Corporation): Product Portfolio

Table 33: SpaceLogistics (A Subsidiary of Northrop Grumman Corporation): Partnerships, Collaborations, Agreements, and Contracts

Table 34: Space Machines Company: Product Portfolio

Table 35: Space Machines Company: Partnerships

Table 36: Starfish Space Inc.: Product Portfolio

Table 37: Starfish Space Inc.: Investments

Table 38: Starfish Space Inc.: Partnerships, Collaborations, Agreements, and Contracts

Table 39: Tethers Unlimited, Inc.: Product Portfolio

Table 40: Tethers Unlimited, Inc.: Business Investments

Table 41: Tethers Unlimited, Inc.: Agreements

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