Fueling the Future: Inside the $8 Billion In-Orbit Satellite Servicing Boom by 2034
The global in-orbit servicing market is forecast to grow from about $2.4–$2.7 billion in the mid-2020s to roughly $8 billion by 2034, a CAGR of about 11–12%. Northrop Grumman SpaceLogistics’ Mission Extension Vehicle, MEV-1, docked to Intelsat-901 in 2020, restoring operations and extending life by more than 5 years. MEV-2 docked with IS-10-02 in 2021, following MEV-1, demonstrating repeatable life-extension capability. ESA’s ClearSpace-1 is slated for 2026 to capture and deorbit a Vega rocket upper stage, marking the first commercial debris-removal mission. Orbit Fab’s RAFTI refueling port was qualified as an official DoD standard in 2023, with at least three