A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 In-Orbit Services Sector: Overview
1.1.1.1 Refueling
1.1.1.2 Inspection, Repair, Replacement, and De-orbiting
1.1.2 Growing Space Situational Awareness Services Market
1.1.3 Startups and Investment Landscape
1.1.4 Supply Chain Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Demand for Sustainable Space Operations
1.2.1.2 Growing Demand for Optimizing Satellite Operation Cost
1.2.2 Business Challenges
1.2.2.1 Lack of Industry Wide Standardization of Docking Solutions
1.2.2.2 Reduction in Manufacturing and Launch Costs Impacting the Financial Viability of In-Orbit Services
1.2.3 Business Strategies
1.2.3.1 Investments, Business Expansions, and Mergers and Acquisitions
1.2.3.2 Others
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, Agreements, and Contracts
1.2.5 Business Opportunity
1.2.5.1 Opportunity for Software Solution for Rendezvous/Proximity Operations
1.2.5.2 Evolution of Standardized Satellite Platform
1.2.5.3 Enabling Capabilities for Rendezvous/Proximity Operations
2.1 Global Satellite Docking System Market (by Service Type)
2.1.1 Market Overview
2.1.1.1 Demand Analysis of the Satellite Docking System Market (by Service Type)
2.1.2 Refueling
2.1.3 Inspection, Repair, and Replacement
2.1.4 De-Orbiting
2.2 Global Satellite Docking System Market (by End User)
2.2.1 Market Overview
2.2.1.1 Demand Analysis of the Satellite Docking System Market (by End User)
2.2.2 Commercial
2.2.3 Civil Government
2.2.4 Military
2.2.5 Deep Space
3.1 Global Satellite Docking System Market (by Spacecraft Type)
3.1.1 Market Overview
3.1.1.1 Demand Analysis of the Satellite Docking System Market (by Spacecraft Type)
3.1.2 Target Satellites
3.1.2.1 Docking Plate
3.1.2.2 Sensor Unit
3.1.2.3 Refueling Port
3.1.2.4 On-board Computer
3.1.2.5 Other Interfaces
3.1.3 Service Satellites
3.1.3.1 Robotic Arm
3.1.3.2 Refueling Port
3.1.3.3 On-board Computer
3.1.3.4 Electromagnet Attachment Mechanism
3.1.3.5 Rotational Alignment Guides
3.1.3.6 Sensor Unit
3.1.3.7 Other Interfaces
4.1 Global Satellite Docking System Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Manufacturers and Enabling Solution Providers in North America
4.2.2 Product
4.2.2.1 North America Satellite Docking System Market (by Spacecraft Type)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Manufacturers and Enabling Solution Providers in Europe
4.3.2 Product
4.3.2.1 Europe Satellite Docking System Market (by Spacecraft Type)
4.4 Rest-of-the-World
4.4.1 Market
4.4.1.1 Key Manufacturers and Enabling Solution Providers in Rest-of-the-World
4.4.2 Product
4.4.2.1 Rest-of-the-World Satellite Docking System Market (by Spacecraft Type)
5.1 Market Share Analysis
5.2 Satellite Docking System Supplier
5.2.1 Altius Space Machines, Inc.
5.2.1.1 Company Overview
5.2.1.1.1 Role of Altius Space Machines, Inc. in the Global Satellite Docking System Market
5.2.1.1.2 Product and Service Portfolio
5.2.1.2 Patent Analysis
5.2.1.2.1 Patent Analysis
5.2.1.3 Corporate Strategies
5.2.1.3.1 Contracts and Acquisitions
5.2.1.4 Analyst View
5.2.2 Astroscale Holdings, Inc.
5.2.2.1 Company Overview
5.2.2.1.1 Role of Astroscale Holdings, Inc. in the Global Satellite Docking System Market
5.2.2.1.2 Product Portfolio
5.2.2.2 Business Strategies
5.2.2.2.1 Investments, Expansions, and Product Launches
5.2.2.3 Corporate Strategies
5.2.2.3.1 Partnerships, Agreements, and Contracts
5.2.2.4 Analyst View
5.2.3 ClearSpace
5.2.3.1 Company Overview
5.2.3.1.1 Role of ClearSpace in the Global Satellite Docking System Market
5.2.3.1.2 Service Portfolio
5.2.3.2 Business Strategies
5.2.3.2.1 Investments
5.2.3.3 Corporate Strategies
5.2.3.3.1 Partnerships, Agreements, and Contracts
5.2.3.4 Analyst View
5.2.4 Lockheed Martin Corporation
5.2.4.1 Company Overview
5.2.4.1.1 Role of Lockheed Martin Corporation in the Global Satellite Docking System Market
5.2.4.1.2 Product Portfolio
5.2.4.2 Business Strategies
5.2.4.2.1 Product Launches
5.2.4.2.2 R&D Analysis
5.2.4.3 Analyst View
5.2.5 Northrop Grumman
5.2.5.1 Company Overview
5.2.5.1.1 Role of Northrop Grumman in the Global Satellite Docking System Market
5.2.5.1.2 Product Portfolio
5.2.5.2 Corporate Strategies
5.2.5.2.1 Partnerships
5.2.5.2.2 R&D Analysis
5.2.5.3 Analyst View
5.2.6 Orbit Fab, Inc.
5.2.6.1 Company Overview
5.2.6.1.1 Role of Orbit Fab, Inc. in the Global Satellite Docking System Market
5.2.6.1.2 Product Portfolio
5.2.6.2 Patent Analysis
5.2.6.2.1 Patent Analysis
5.2.6.3 Business Strategies
5.2.6.3.1 Product Launches and Investments
5.2.6.4 Corporate Strategies
5.2.6.4.1 Partnerships, Collaborations, Agreements, and Contracts
5.2.6.5 Analyst’s View
5.2.7 QinetiQ
5.2.7.1 Company Overview
5.2.7.1.1 Role of QinetiQ in the Global Satellite Docking System Market
5.2.7.1.2 Product Portfolio
5.2.7.1.3 R&D Analysis
5.2.7.2 Analyst View
5.2.8 Rogue Space Systems Corporation
5.2.8.1 Company Overview
5.2.8.1.1 Role of Rogue Space Systems Corporation in the Global Satellite Docking System Market
5.2.8.1.2 Product Portfolio
5.2.8.2 Business Strategies
5.2.8.2.1 Investments
5.2.8.3 Corporate Strategies
5.2.8.3.1 Partnerships
5.2.8.4 Analyst View
5.2.9 Starfish Space
5.2.9.1 Company Overview
5.2.9.1.1 Role of Starfish Space in the Global Satellite Docking System Market
5.2.9.1.2 Product Portfolio
5.2.9.2 Business Strategies
5.2.9.2.1 Investments
5.2.9.3 Corporate Strategies
5.2.9.3.1 Collaborations
5.2.9.4 Analyst’s View
5.3 Enabling Solution Providers
5.3.1 D-Orbit SpA
5.3.1.1 Company Overview
5.3.1.1.1 Role of D-Orbit SpA in the Global Satellite Docking System Market
5.3.1.1.2 Product Portfolio
5.3.1.2 Business Strategies
5.3.1.2.1 Investments
5.3.1.3 Corporate Strategies
5.3.1.3.1 Partnerships, Collaborations, Agreements, and Contracts
5.3.1.4 Analyst View
5.3.2 High Earth Orbit Robotics
5.3.2.1 Company Overview
5.3.2.1.1 Role of High Earth Orbit Robotics in the Global Satellite Docking System Market
5.3.2.1.2 Service Portfolio
5.3.2.2 Business Strategies
5.3.2.2.1 Investments
5.3.2.3 Corporate Strategies
5.3.2.3.1 Partnerships and Collaborations
5.3.2.4 Analyst View
5.3.3 LMO
5.3.3.1 Company Overview
5.3.3.1.1 Role of LMO in the Global Satellite Docking System Market
5.3.3.1.2 Product and Service Portfolio
5.3.3.2 Analyst View
5.3.4 Maxar Technologies
5.3.4.1 Company Overview
5.3.4.1.1 Role of Maxar Technologies in the Global Satellite Docking System Market
5.3.4.1.2 Product Portfolio
5.3.4.2 Corporate Strategies
5.3.4.2.1 Partnerships, Collaborations, Agreements, and Contracts
5.3.4.2.2 Research and Development Analysis
5.3.4.3 Analyst View
5.3.5 Momentus Inc.
5.3.5.1 Company Overview
5.3.5.1.1 Role of Momentus Inc. in the Global Satellite Docking System Market
5.3.5.1.2 Product Portfolio
5.3.5.2 Business Strategies
5.3.5.2.1 Investments and Mergers
5.3.5.3 Corporate Strategies
5.3.5.3.1 Partnerships, Collaborations, Agreements, and Contracts
5.3.5.4 Analyst View
5.3.6 Obruta Space Solutions Corp.
5.3.6.1 Company Overview
5.3.6.1.1 Role of Obruta Space Solutions Corp. in the Global Satellite Docking System Market
5.3.6.1.2 Product Portfolio
5.3.6.2 Analyst View
5.3.7 Orbit Recycling
5.3.7.1 Company Overview
5.3.7.1.1 Role of Orbit Recycling in the Global Satellite Docking System Market
5.3.7.1.2 Service Portfolio
5.3.7.2 Analyst View
5.3.8 Tethers Unlimited, Inc.
5.3.8.1 Company Overview
5.3.8.1.1 Role of Tethers Unlimited, Inc. in the Global Satellite Docking System Market
5.3.8.1.2 Product and Service Portfolio
5.3.8.2 Business Strategies
5.3.8.2.1 Acquisitions
5.3.8.3 Corporate Strategies
5.3.8.3.1 Partnerships
5.3.8.4 Analyst View
6.1 Satellite Docking System Manufacturers
6.1.1 Growth Opportunity: Standardization of Docking System (as a Part of Standardized Satellite Platforms)
6.1.1.1 Recommendations
6.1.2 Growth Opportunity: Increasing Need for a Variety of Docking Solutions
6.1.2.1 Recommendations
7.1 Factors for Data Prediction and Modeling
Table 1: Investment, 2020-2022
Table 2: Investments, Business Expansions, and Mergers and Acquisitions
Table 3: New Product Launch and Others, 2019-2022
Table 4: Partnerships, Collaborations, Agreements, and Contracts, 2018-2022
Table 5: Global Satellite Docking System Market (by Service Type), $Million, Number of In-orbit Servicing Satellites, and Number of Satellite Docking System Components, 2021-2032
Table 6: Global Satellite Docking System Market (by End User), $Million, Number of Target Satellites, and Number of Satellite Docking System Components, 2021-2032
Table 7: Global Satellite Docking System Market (by Spacecraft Type), $Million, Number of Satellites, and Number of Satellite Docking Components, 2020-2032
Table 8: Global Satellite Docking System Market (by Region), Number of Satellites, 2021-2032
Table 9: Global Satellite Docking System Market (by Region), $Million and Number of Satellite Docking Components, 2021-2032
Table 10: North America Satellite Docking System Market (by Spacecraft Type), $Million, Number of Satellites, and Number of Satellite Docking Components, 2021-2032
Table 11: Europe Satellite Docking System Market (by Spacecraft Type), $Million, Number of Satellites, and Number of Satellite Docking Components, 2021-2032
Table 12: Rest-of-the-World Satellite Docking System Market (by Spacecraft Type), $Million, Number of Satellites, and Number of Satellite Docking Components, 2021-2032
Table 13: Altius Space Machines, Inc.: Product and Service Portfolio
Table 14: Altius Space Machines, Inc.: Patent Analysis
Table 15: Altius Space Machines, Inc.: Contracts and Acquisitions
Table 16: Astroscale Holdings, Inc.: Product Portfolio
Table 17: Astroscale Holdings, Inc.: Investments, Expansions, and Product Launches
Table 18: Astroscale Holdings, Inc.: Partnerships, Agreements, and Contracts
Table 19: ClearSpace: Service Portfolio
Table 20: ClearSpace: Investments
Table 21: ClearSpace: Partnerships, Agreements, and Contracts
Table 22: Lockheed Martin Corporation: Product Portfolio
Table 23: Lockheed Martin Corporation: New Product Launches
Table 24: Northrop Grumman: Product Portfolio
Table 25: Northrop Grumman: Partnerships
Table 26: Orbit Fab, Inc.: Product Portfolio
Table 27: Orbit Fab, Inc.: Patent Analysis
Table 28: Orbit Fab, Inc.: New Product Launches and Investments
Table 29: Orbit Fab, Inc.: Partnerships, Collaborations, Agreements, and Contracts
Table 30: QinetiQ: Product Portfolio
Table 31: Rogue Space Systems Corporation: Product Portfolio
Table 32: Rogue Space Systems Corporation: Investments
Table 33: Rogue Space Systems Corporation: Partnerships
Table 34: Starfish Space: Product Portfolio
Table 35: Starfish Space: Investments
Table 36: Starfish Space: Collaborations
Table 37: D-Orbit SpA: Product Portfolio
Table 38: D-Orbit SpA: Investments
Table 39: D-Orbit SpA: Partnerships, Collaborations, Agreements, and Contracts
Table 40: High Earth Orbit Robotics: Service Portfolio
Table 41: High Earth Orbit Robotics: Investments
Table 42: High Earth Orbit Robotics: Partnerships and Collaborations
Table 43: LMO: Product and Service Portfolio
Table 44: Maxar Technologies: Product Portfolio
Table 45: Maxar Technologies: Partnerships, Collaborations, Agreements, and Contracts
Table 46: Momentus Inc.: Product Portfolio
Table 47: Momentus Inc.: Investments and Mergers
Table 48: Momentus Inc.: Partnerships, Collaborations, Agreements, and Contracts
Table 49: Obruta Space Solutions Corp.: Product Portfolio
Table 50: Orbit Recycling: Service Portfolio
Table 51: Tethers Unlimited, Inc.: Product and Service Portfolio
Table 52: Tethers Unlimited, Inc.: Acquisitions
Table 53: Tethers Unlimited, Inc.: Partnerships
Figure 1: Global Satellite Docking System Market, Number of Satellites Utilizing Docking Systems, 2021-2032
Figure 2: Global Satellite Docking System Market, Number of Satellite Docking Systems, 2021-2032
Figure 3: Global Satellite Docking System Market, $Million, 2021-2032
Figure 4: Global Satellite Docking System Market (by Service Type), Number of In-orbit Servicing Satellites, 2022 and 2032
Figure 5: Global Satellite Docking System Market (by Service Type), Number of Units, 2022 and 2032
Figure 6: Global Satellite Docking System Market (by Service Type), $Million, 2022 and 2032
Figure 7: Global Satellite Docking System Market (by End User), $Million, 2021 and 2032
Figure 8: Global Satellite Docking System Market (by Region), $Million, 2032
Figure 9: Global Satellite Docking System Market Coverage
Figure 10: Global Target Satellites Forecast, Unit, 2021-2032
Figure 11: Global Satellite Launch Forecast, Unit, 2021-2032
Figure 12: Supply Chain Analysis
Figure 13: Global Satellite Docking System Market, Business Dynamics
Figure 14: Share of Key Business Strategies and Developments, 2018-2022
Figure 15: Global Satellite Docking System Market (by Service Type)
Figure 16: Global Satellite Docking System Market (by End User)
Figure 17: Global Satellite Docking System Market (by Spacecraft Type)
Figure 18: Global Satellite Docking System Market (Docking Plate), Number of Units, 2021-2032
Figure 19: Global Satellite Docking System Market (Docking Plate), $Million, 2021-2032
Figure 20: Global Satellite Docking System Market (Sensor Unit), Number of Units, 2021-2032
Figure 21: Global Satellite Docking System Market (Sensor Unit), $Million, 2021-2032
Figure 22: Global Satellite Docking System Market (Refueling Port), Number of Units, 2021-2032
Figure 23: Global Satellite Docking System Market (Refueling Port), $Million, 2021-2032
Figure 24: Global Satellite Docking System Market (On-board Computer), Number of Units, 2021-2032
Figure 25: Global Satellite Docking System Market (On-board Computer), $Million, 2021-2032
Figure 26: Global Satellite Docking System Market (Other Interfaces), Number of Units, 2021-2032
Figure 27: Global Satellite Docking System Market (Other Interfaces), $Million, 2021-2032
Figure 28: Global Satellite Docking System Market (Robotic Arm), Number of Units, 2021-2032
Figure 29: Global Satellite Docking System Market (Robotic Arm), $Million, 2021-2032
Figure 30: Global Satellite Docking System Market (Refueling Port), Number of Units, 2021-2032
Figure 31: Global Satellite Docking System Market (Refueling Port), $Million, 2021-2032
Figure 32: Global Satellite Docking System Market (On-board Computer), Number of Units, 2021-2032
Figure 33: Global Satellite Docking System Market (On-board Computer), $Million, 2021-2032
Figure 34: Global Satellite Docking System Market (Electromagnet Attachment Mechanism), Number of Units, 2021-2032
Figure 35: Global Satellite Docking System Market (Electromagnet Attachment Mechanism), $Million, 2021-2032
Figure 36: Global Satellite Docking System Market (Rotational Alignment Guides), Number of Units, 2021-2032
Figure 37: Global Satellite Docking System Market (Rotational Alignment Guides), $Million, 2021-2032
Figure 38: Global Satellite Docking System Market (Sensor Unit), Number of Units, 2021-2032
Figure 39: Global Satellite Docking System Market (Sensor Unit), $Million, 2021-2032
Figure 40: Global Satellite Docking System Market (Other Interfaces), Number of Units, 2021-2032
Figure 41: Global Satellite Docking System Market (Other Interfaces), $Million, 2021-2032
Figure 42: Global Satellite Docking System Market Share (by Company), $Million, 2025
Figure 43: Lockheed Martin Corporation: R&D Analysis, 2019-2021
Figure 44: Northrop Grumman: R&D Analysis, 2019-2021
Figure 45: QinetiQ: R&D Analysis, 2019-2021
Figure 46: Maxar Technologies: R&D Analysis, 2019-2021
Figure 47: Research Methodology
Figure 48: Bottom-Up Approach
Figure 49: Assumptions and Limitations
Market Report Coverage
Satellite Docking System Market |
|||
Base Year |
2021 |
Market Size in 2021 |
$40.3 Million |
Forecast Period |
2022-2032 |
Value Projection and Estimation by 2032 |
$1,011.34 Million |
CAGR During Forecast Period |
31.3% |
Number of Tables |
53 |
Number of Pages |
153 |
Number of Figures |
49 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company's coverage, product portfolio, and market penetration.
Some prominent established names in this market are:
Company Type 1: Satellite Docking System Supplier
• Altius Space Machines, Inc.
• Astroscale Holdings, Inc.
• ClearSpace
• Lockheed Martin Corporation
• Northrop Grumman
• Orbit Fab, Inc.
• QinetiQ
• Rogue Space Systems Corporation
• Starfish Space
Company Type 2: Enabling Solution Providers
• D-Orbit SpA
• High Earth Orbit Robotics
• LMO
• Maxar Technologies
• Momentus Inc.
• Obruta Space Solutions Corp.
• Orbit Recycling
• Tethers Unlimited, Inc.
Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).
How can this report add value to an organization?
Platform/Innovation Strategy: The product segment helps the reader understand the different types of spacecraft and their related docking components in the industry to conduct safe and secure in-orbit services and life extension missions. Moreover, the study provides the reader with a detailed understanding of the different spacecraft by service satellites and target satellites. In addition, it provides a detailed understanding of the different components used in both the satellites, such as docking plate, refueling port, robotic arm, onboard computer, electromagnet attachment mechanism, rotational alignment guides, sensor unit, and other interfaces.
Growth/Marketing Strategy: The global satellite docking system market has seen major development activities by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts to strengthen their position in the satellite docking system market. For instance, in September 2022, ClearSpace signed a contract with the U.K. Space Agency of about $2.32 million to perform a feasibility study for a mission to remove derelict objects from low Earth orbit (LEO). Furthermore, in May 2022, Starfish Space collaborated with Benchmark Space Systems to develop advanced precision on-orbit refueling and docking capabilities. To optimize spacecraft control accuracy, Starfish is integrating and testing its CEPHALOPOD RPOD software with Benchmark’s non-toxic hydrogen peroxide-fueled Halcyon thruster for manoeuvres.
Competitive Strategy: Key players in the global satellite docking system market analyzed and profiled in the study involve satellite docking system manufacturers that offer docking systems and enabling capabilities. Moreover, a detailed competitive benchmarking of the players operating in the global satellite docking system market offers various solutions to satellites in space through in-orbit refueling, remove active space debris, inspect, repair, and replace the defect devices. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Industry and Technology Overview
Global Satellite Docking System Market Overview
The global satellite docking system market is estimated to reach $1,011.34 million in 2032 from $40.3 million in 2021, at a growth rate of 31.3% during the forecast period 2022-2032. The growth in the global satellite docking system market is expected to be driven by the enforcement of regulations on space sustainability and increase in in-orbit services.
Market Lifecycle Stage
Over the past few years, trends in the number of satellites launched by commercial satellite operators have been increasing drastically. As per the BIS Research space database, the global satellite launch forecast estimates 45,131 satellites to be launched within the 2022-2032 timeline. Out of these 45,131 satellites, 95% of satellites are expected to operate in low Earth orbit (LEO). This indicates that over 95% of the satellites are expected to operate in one orbital segment leading to a growing state of congestion, which further adds to the risk perception of collision and space debris concerns.
In addition, commercial satellite operators are opting for the life extension program to keep their existing satellites alive in space for longer periods. This will help them to reduce the satellite operation cost and increase their revenue with the existing satellite. Furthermore, it helps to remove the active space debris to keep the space debris-free and sustainable and reduce the risk of collision. Given the circumstance, the need for a satellite docking system is very high at this point, and the same is expected to persist as well.
Global Satellite Docking System Market, $Million, 2021-2032
Impact
The global satellite docking system market is observing rising investment across all the satellite platforms, which drives the investments across the docking system technology. The major challenge in developing the satellite docking system is there is no standardization in design and mechanism among the satellite docking manufacturers. This leads the developer to integrate their own satellite docking system in their in-orbit service vehicle, which will create incompatibility with the docking system that is integrated with the target satellites. In addition, different small satellite operators are building different types of satellites. Although many satellites use standardized satellite platforms, they are customized products with unique configurations. Therefore, their docking solution requirement will also vary from operator to operator. This will create a need for a variety of satellite docking solutions both for target satellites and service satellites.
Market Segmentation
Segmentation 1: by Service Type
• Refueling
• Inspection, Repair, and Replacement
• De-Orbiting
Based on service type, the satellite docking system market is expected to be dominated by the refueling service satellite during the forecast period.
Segmentation 2: by End User
• Commercial
• Civil Government
• Military
• Deep Space
Based on end user, the global satellite docking system market is expected to be dominated by commercial end users.
Segmentation 3: by Spacecraft Type
• Target Satellites
• Service Satellites
Segmentation 4: by Region
• North America
• Europe
• Rest-of-the-World
North America is expected to account for the highest share of 78% in the satellite docking system market by value in 2021, owing to a significant number of companies based in the region.
Recent Developments in the Global Satellite Docking System Market
• In November 2022, Starfish Space announced that its Otter Pup satellite with high-performance low-thrust electric propulsion, which includes a satellite docking system, is planned to launch in the spring of 2023 to dock with another satellite in the fall of 2023.
• In October 2022, High Earth Orbit (HEO) Robotics collaborated with Satellogic to integrate Satellogic’s growing satellite constellation and high-resolution satellite imagery with HEO’s flyby inspection and computer-vision capabilities.
• In September 2022, Astroscale Holdings, Inc. received funding of $1.79 million from the U.K. Space Agency to develop technologies and capabilities for Cleaning Outer Space Mission through Innovative Capture, which consists of Astroscale's robotic debris capture capabilities and rendezvous and proximity operations to remove space debris and defunct satellites.
• In May 2022, Momentus Inc. signed a partnership with SpaceX for the integration of its Vigoride Orbital Transfer Vehicle and customer payloads on Falcon 9, which would be used for the transporter-5 mission.
• In April 2022, Lockheed Martin Corporation released an open-source Augmentation System Port Interface (ASPIN), a non-proprietary interface standard to support on-orbit servicing and mission augmentation. It uses Mission Augmentation Port (MAP) interface standard online that provides a mechanical interface design for docking spacecraft to one another.
• In March 2022, Rogue Space Systems Corporation announced that Seldor Capital is their first institutional investor, which helps the company to scale up its engineering and operations teams.
• In November 2021, Astroscale Holdings, Inc. launched a universal docking device for spacecraft, "Docking Plate," to capture and de-orbit the defunct satellite.
• In September 2021, Starfish Space secured an investment of about $7 million from NFX and MaC Venture Capital along with PSL Ventures, Boost VC, Liquid2 Ventures, and Hypothesis.
• In September 2021, Orbit Fab, Inc. launched its first propellant tanker to geostationary orbit, which has been designed for refueling the largest space assets and for the harshest orbital regimes.
Demand - Drivers and Limitations
Following are the drivers for the global satellite docking system market:
• Growing Demand for Sustainable Space Operations
• Growing Demand for Optimizing Satellite Operation Cost
Following are the challenges for the global satellite docking system market:
• Lack of Industry Wide Standardization of Docking Solutions
• Reduction in Manufacturing and Launch Costs Impacting the Financial Viability of In-Orbit Services
Following are the opportunities for the global satellite docking system market:
• Opportunity for Software Solution for Rendezvous/Proximity Operations
• Evolution of Standardized Satellite Platform
• Enabling Capabilities for Rendezvous/Proximity Operations
Analyst Perspective
According to Nilopal Ojha, Principal Analyst, BIS Research, “The in-orbit refueling services have started few life-extension missions with the help of external propulsion that supports the existing satellite. While the life-extension services have gained traction for the non-cooperative satellite, most satellite manufacturers and operators are looking for more cooperative satellites so that they can be easily refueled in space. With the increasing satellite constellations, companies are expecting more cooperative satellites that can be refueled and get more return on their investment. Since the deployment of refueling, compatible hardware is yet to be deployed across missions. Moving forward, with such hardware being included as part of satellite platforms, the satellite docking system is expected to have huge potential in the coming years. The satellite docking system market will also be driven by startups that are focused on establishing unique use cases to support a range of applications covering Earth-orbit to deep space missions."
Satellite Docking System Market - A Global and Regional Analysis
Focus on Service Type, End User, Spacecraft Type, and Country - Analysis and Forecast, 2022-2032
Frequently Asked Questions
Satellite docking system is a mechanical or electromagnetic device that is integrated with the service satellite and target satellite to dock and undock each other to provide safe and secure in-orbit services and to attach a life extension vehicle or pod.
The key trends in the global satellite docking system market include satellite docking system manufacturers and enabling capabilities. Companies such as Astroscale Holdings, Inc., Orbit Fab, Inc., and Altius Space Machine have various product options to provide comprehensive satellite docking system. This system can be used for the upcoming in-orbit service mission such as refueling and de-orbiting
The global satellite docking system market has seen major development by key players operating in the market, such as business expansion activities, investments, contracts, partnerships, collaborations, mergers, and agreements. According to BIS Research, the majority of the companies preferred collaborations, contracts, and agreements as strategies to further increase their growth in the global satellite docking system market. Companies such as Astroscale Holdings, Inc., Maxar Technologies, Momentus Inc., Orbit Fab, Inc., and ClearSpace have majorly adopted partnership, contract, collaboration, and agreement strategies.
There is an increasing demand for in-orbit refueling, life extension mission, and de-orbiting space debris. Hence, the new entrants can focus on amplifying the satellite docking system with robotic arms or electromagnetic attachment devices to dock with the target satellite safely and refuel it.
The following can be seen as some of the USPs of the report:
· A dedicated section focusing on various service types adopted by the key players operating in the global satellite docking system market
· A dedicated section on growth opportunities and recommendations
· A qualitative and quantitative analysis of the satellite docking system at the regional level, and also the analysis of service type, end user, and spacecraft type
Companies that manufacture and provide satellite docking systems, and also the companies such as satellite manufacturers, in-orbit refueling service providers, and de-orbiting and other in-orbit service providers, should buy this report.