1 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL Attribution: Please Provide Link of Focus on Application, End User, Capability, and Country Analysis and Forecast: 2022-2032 August 2022 Space Regional-RefuelingIn-OrbitMarketAGlobalandAnalysis 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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3 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET Table of Content Executive Summary..........................................................................17 1 Markets.....................................................................................23 1.1 Industry Outlook ............................................................................................. 24 Space In Orbit 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 Technology Trends................................................................... 26 1.1.2.1 Life Extension Vehicles 27 1.1.2.2 Orbital Propellant Transfer Vehicles 27 1.1.2.3 Bulk Fuel Depots................................................................................................27 1.1.2.4 Satellite Docking Systems 28 Ongoing and Upcoming Program ............................................................. 29 1.1.3.1 Lockheed Martin’s Augmentation System Port Interface (ASPIN) Program ......29 1.1.3.2 Space Infrastructure Dexterous Robot (SPIDER) Program 29 1.1.3.3 Robotic Servicing of Geosynchronous Satellites (RSGS) Program 30 1.1.3.4 NASA’s Robotic Refueling Mission (RRM).........................................................30 1.1.3.5 ESA’s Esprit Program 31 1.1.3.6 Orbital Express Space Operations Architecture Program 32 Start-Up Landscape.................................................................................... 32 Patent Analysis........................................................................................... 35 1.2 Business Dynamics........................................................................................ 41 Business Drivers ........................................................................................ 41 1.2.1.1 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 Operational Cost of Refueling 42
4 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-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
5 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-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. Space In Orbit Refueling Market (Commercial End User, by End User) 68 4.1.3.2 Canada 68 4.1.3.2.1 Market 69 4.1.3.2.1.1 Key Players in Canada .....................................................................................69 4.1.3.2.2 Application 69 4.1.3.2.2.1 Canada Space In Orbit Refueling Market (Commercial End User, 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
6 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET Europe (by Country)................................................................................... 73 4.2.3.1 U.K.....................................................................................................................73 4.2.3.1.1 Market 73 4.2.3.1.1.1 Key Players in the U.K. 73 4.2.3.1.2 Application 74 4.2.3.1.2.1 U.K. Space In Orbit Refueling Market (Commercial End User, by End User) 74 4.2.3.2 France................................................................................................................74 4.2.3.2.1 Market 75 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 77 4.3 Asia-Pacific...................................................................................................... 79 Market.......................................................................................................... 79 4.3.1.1 Key Players in Asia Pacific 79 Asia-Pacific (by Country)........................................................................... 79 4.3.2.1 India ...................................................................................................................79 4.3.2.1.1 Market 80 4.3.2.1.1.1 Key Players in India 80 4.3.2.2 Japan .................................................................................................................80
7 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET 4.3.2.2.1 Market 80 4.3.2.2.1.1 Key Players in Japan ........................................................................................80 4.3.2.3 Rest of Asia Pacific 80 4.3.2.3.1 Market 81 4.3.2.3.1.1 Key Players in Rest of Asia Pacific 81 5 Markets - Competitive Benchmarking & Company Profiles.........82 5.1 Competitive Benchmarking............................................................................ 83 5.2 Company Profiles ........................................................................................... 85 Astroscale Holdings Inc............................................................................. 85 5.2.1.1 Company Overview 85 5.2.1.1.1 Role of Astroscale Holdings Inc. in the Global Space In Orbit Refueling Market 85 5.2.1.1.2 Product Portfolio 86 5.2.1.2 Business Strategies 86 5.2.1.2.1 Business Expansion and Investments 86 5.2.1.3 Corporate Strategies 87 5.2.1.3.1 Partnerships, Collaborations, Agreements, and Contracts 87 5.2.1.4 Analyst View ......................................................................................................88 Altius Space Machines, Inc........................................................................ 89 5.2.2.1 Company Overview 89 5.2.2.1.1 Role of Altius Space Machines, Inc. in the Global Space In Orbit Refueling Market 89 5.2.2.1.2 Product Portfolio 90 5.2.2.2 Corporate Strategies..........................................................................................90 5.2.2.2.1 Partnerships and Contracts 90 5.2.2.3 Analyst View 91 D-Orbit SpA................................................................................................. 92 5.2.3.1 Company Overview 92 5.2.3.1.1 Role of D Orbit SpA in the Global Space In Orbit Refueling Market 92 5.2.3.1.2 Product Portfolio.......................................................................................................93
8 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET 5.2.3.2 Business Strategies 93 5.2.3.2.1 Business Expansion.................................................................................................93 5.2.3.3 Corporate Strategies 94 5.2.3.3.1 Partnerships 94 5.2.3.4 Analyst View 95 Lockheed Martin Corporation.................................................................... 96 5.2.4.1 Company Overview 96 5.2.4.1.1 Role of Lockheed Martin Corporation in the Global Space In Orbit Refueling Market 96 5.2.4.1.2 Product Portfolio 97 5.2.4.2 Business Strategies 97 5.2.4.2.1 Investments 97 5.2.4.3 Analyst View 98 LMO Space.................................................................................................. 99 5.2.5.1 Company Overview............................................................................................99 5.2.5.1.1 Role of LMO Space in the Global Space In Orbit Refueling Market 99 5.2.5.1.2 Product Portfolio 100 5.2.5.2 Business Strategies .........................................................................................100 5.2.5.2.1 Business Expansion 100 5.2.5.3 Corporate Strategies 101 5.2.5.3.1 Partnerships ...........................................................................................................101 5.2.5.4 Analyst View 101 Maxar Technologies Inc........................................................................... 102 5.2.6.1 Company Overview..........................................................................................102 5.2.6.1.1 Role of Maxar Technologies Inc. in the Global Space In Orbit Refueling Market 102 5.2.6.1.2 Product Portfolio.....................................................................................................103 5.2.6.2 Business Strategies 103 5.2.6.2.1 Business Investments 103 5.2.6.3 Corporate Strategies........................................................................................104
9 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET 5.2.6.3.1 Contracts 104 5.2.6.4 Analyst View ....................................................................................................104 Momentus Space...................................................................................... 105 5.2.7.1 Company Overview 105 5.2.7.1.1 Role of Momentus Space in the Global Space In Orbit Refueling Market 105 5.2.7.1.2 Product Portfolio 106 5.2.7.2 Corporate Strategies 107 5.2.7.2.1 Partnerships, Collaborations, Agreements, and Contracts 107 5.2.7.3 Analyst View ....................................................................................................107 Orbit Fab, Inc............................................................................................. 109 5.2.8.1 Company Overview 109 5.2.8.1.1 Role of Orbit Fab, Inc. in the Global Space In Orbit Refueling Market 109 5.2.8.1.2 Product Portfolio 110 5.2.8.2 Business Strategies 111 5.2.8.2.1 Investments............................................................................................................111 5.2.8.3 Corporate Strategies 111 5.2.8.3.1 Partnerships, Agreements, and Contracts 111 5.2.8.4 Analyst View ....................................................................................................112 Obruta Space Solutions........................................................................... 114 5.2.9.1 Company Overview 114 5.2.9.1.1 Role of Obruta Space Solutions in the Global Space In Orbit Refueling Market 114 5.2.9.1.2 Product Portfolio 115 5.2.9.2 Analyst View ....................................................................................................115 Orbit Recycling......................................................................................... 116 5.2.10.1 Company Overview 116 5.2.10.1.1 Role of Orbit Recycling in the Global Space In Orbit Refueling Market..............116 5.2.10.2 Analyst View 117 SpaceX....................................................................................................... 118
10 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET 5.2.11.1 Company Overview 118 5.2.11.1.1 Role of SpaceX in the Global Space In Orbit Refueling Market..........................118 5.2.11.1.2 Product Portfolio 119 5.2.11.2 Business Strategies 119 5.2.11.2.1 Investments 119 5.2.11.3 Analyst View ....................................................................................................119 SpaceLogistics (a subsidiary of Northrop Grumman Corporation) ..... 121 5.2.12.1 Company Overview 121 5.2.12.1.1 Role of SpaceLogistics (A Subsidiary of Northrop Grumman Corporation) in the Global Space In Orbit Refueling Market 121 5.2.12.1.2 Product Portfolio 122 5.2.12.2 Corporate Strategies........................................................................................123 5.2.12.2.1 Partnerships, Collaborations, Agreements, and Contracts 123 5.2.12.3 Analyst View 123 Space Machines Company ...................................................................... 124 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 Inc..................................................................................... 127 5.2.14.1 Company Overview..........................................................................................127 5.2.14.1.1 Role of Starfish Space Inc. in the Global Space In Orbit Refueling Market 127 5.2.14.1.2 Product Portfolio 128 5.2.14.2 Business Strategies .........................................................................................128 5.2.14.2.1 Investments 128 5.2.14.3 Corporate Strategies 129 5.2.14.3.1 Partnerships, Collaborations, Agreements, and Contracts....................................129
11 All rights reserved at BIS Research Inc. REFUELINGORBITINSPACEGLOBAL-MARKET 5.2.14.4 Analyst View 129 Tethers Unlimited, Inc. ............................................................................. 131 5.2.15.1 Company Overview 131 5.2.15.1.1 Role of Tethers Unlimited, Inc. in the Global Space In Orbit Refueling Market 131 5.2.15.1.2 Product Portfolio 132 5.2.15.2 Business Strategies .........................................................................................132 5.2.15.2.1 Business Investments 132 5.2.15.3 Corporate Strategies 133 5.2.15.3.1 Agreements 133 5.2.15.4 Analyst View 133 6 Growth Opportunities and Recommendations ..........................135 6.1 Space In-Orbit Refueling and Service Providers........................................ 136 Growth Opportunity: Increasing Production of Satellites..................... 136 6.1.1.1 Recommendations 136 Growth Opportunity: Need for Enabling Solutions................................ 136 6.1.2.1 Recommendations 137 Growth Opportunity: Localized Space Situational Awareness............. 137 6.1.3.1 Recommendations...........................................................................................137 Growth Opportunity: Additional Revenue Sources............................... 138 6.1.4.1 Recommendations 138 7 Research Methodology ............................................................139 7.1 Factors for Data Prediction and Modeling.................................................. 142
List of Figures
Figure 21: Global Space In Orbit Refueling Market: Influencing Factors
Figure 10: Global Space In Orbit Refueling Market (by End User)
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, $Million, 2026 and 2032
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Figure 6: Share of Key Business Strategies and Developments, January 2019 June 2022
Figure 7: Share of Product Developments, January 2019-June 2022
Figure 13: North America Space In Orbit Refueling Market, Value ($Million), 2021 2032
Figure 14: U.S. Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032
Figure 20: Bottom Up Approach
Figure 22: Assumptions and Limitations
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Figure 4: Global Space In Orbit Refueling Market Coverage
Figure 17: France Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032
Figure 11: Global Space In Orbit Refueling Market (Commercial End User, by End User), $Million, 2021 2032
Figure 16: U.K. Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032
Figure 18: Global Space In Orbit Refueling Market: Competitive Benchmarking, 2021 Figure 19: Research Methodology
Figure 3: Global Space In Orbit Refueling Market (by Region), $Million, 2032
Figure 5: Global Space In Orbit Refueling Market: Business Dynamics
Figure 8: Share of Contracts, Agreements, Partnerships, Collaborations, and Mergers, January 2019 June 2022
Figure 12: Global Space In Orbit Refueling Market (by Capability)
Figure 15: Europe Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032
Figure 9: Global Space In Orbit Refueling Market (by Application)
Table 6: Canada Space In Orbit Refueling Market (Commercial End User, by End User), Value ($Million), 2021 2032
Table 15: D Orbit SpA: Partnerships
Table 19: LMO Space: Business Expansion
Table 20: LMO Space: Partnerships
Table 23: Maxar Technologies Inc.: Contracts Table 24: Momentus Space: Product Portfolio
Table 4: Earth Observation Satellite Applications
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Table 1: Fundings, 2020-2022
Table 14: D-Orbit SpA: Business Expansion
Table 22: Maxar Technologies Inc.: Business Investments
Table 25: Momentus Space: Partnerships, Collaborations, Agreements, and Contracts
Table 27: Orbit Fab, Inc.: Investments Table 28: Orbit Fab, Inc.: Partnerships, Agreements, and Contracts
Table 26: Orbit Fab, Inc.: Product Portfolio
Table 17: Lockheed Martin Corporation: Investments Table 18: LMO Space: Product Portfolio
Table 2: Patent Analysis, 2012 2020
Table 21: Maxar Technologies Inc.: Product Portfolio
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Table 11: Altius Space Machines, Inc.: Product Portfolio
Table 9: Astroscale Holdings Inc.: Business Expansion and Investments Table 10: Astroscale Holdings Inc.: Partnerships, Collaborations, Agreements, and Contracts
Table 16: Lockheed Martin Corporation: Product Portfolio
List of Tables
Table 12: Altius Space Machines, Inc.: Partnerships and Contracts
Table 7: Global Space In-Orbit Refueling Market: Competitive Benchmarking and Weightage Parameters
Table 13: D Orbit SpA: Product Portfolio
Table 3: Global Space In Orbit Refueling Market (by Application), $Million, 2021 2032
Table 5: Global Space In Orbit Refueling Market (by Region), Value ($Million), 2021 2032
Table 8: Astroscale Holdings Inc.: Product Portfolio
Table 32: SpaceLogistics (A Subsidiary of Northrop Grumman Corporation): Product Portfolio
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Table 29: Obruta Space Solutions: Product Portfolio
Table 34: Space Machines Company: Product Portfolio
Table 37: Starfish Space Inc.: Investments Table 38: Starfish Space Inc.: Partnerships, Collaborations, Agreements, and Contracts
Table 40: Tethers Unlimited, Inc.: Business Investments
Table 41: Tethers Unlimited, Inc.: Agreements
Table 31: SpaceX: Investments
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Table 30: SpaceX: Product Portfolio
Table 33: SpaceLogistics (A Subsidiary of Northrop Grumman Corporation): Partnerships, Collaborations, Agreements, and Contracts
Table 39: Tethers Unlimited, Inc.: Product Portfolio
Table 35: Space Machines Company: Partnerships
Table 36: Starfish Space Inc.: Product Portfolio
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