The global space in-orbit refueling market size was valued at USD 1,171.1 million in 2023 and is projected to grow from USD 1,293.8 million in 2024 to USD 3,298.5 million by 2032, exhibiting a CAGR of 12.4% during the forecast period. The increasing demand for satellite servicing, life extension missions, and advancements in refueling technology are driving market growth.

Market Share by Region

North America dominated the space in-orbit refueling market with a market share of 48.72% in 2023. The strong presence of key industry players, technological advancements, and government initiatives, including NASA's investments in refueling technologies, contribute to the region's leadership.

Information Source:

https://www.fortunebusinessinsights.com/space-in-orbit-refueling-market-108371

List of Top Space In-Orbit Refueling Companies

The space in-orbit refueling market consists of several key players that are advancing technologies and driving innovations:

• Astroscale (Japan)
• Orbit Fab (U.S.)
• Clear Space (Switzerland)
• Obruta Space Solutions (Canada)
• D-Orbit SpA (Italy)
• Maxar Technologies (U.S.)
• Eta Space (U.S.)

Key Industry Developments

October 2023:

NASA announced plans to collaborate with commercial partners to develop in-orbit refueling capabilities for the Gateway, a lunar outpost for Artemis missions. This initiative aims to demonstrate the feasibility of refueling spacecraft in lunar orbit to support sustainable lunar exploration.

June 2023:

Northrop Grumman's Mission Extension Vehicle (MEV) successfully completed its second mission by docking with another satellite in geostationary orbit, extending its operational life. This accomplishment highlights the potential of in-orbit servicing in maintaining and prolonging the lifespan of operational satellites.

Space In-Orbit Refueling Market Segmentation Analysis

The market is segmented based on type, application, and region:

By Type:

• Cryogenic Refueling – Used for deep-space missions and high-energy propulsion systems.
• Chemical Refueling – Primarily used for traditional satellites and spacecraft.
• Electric Propulsion Refueling – Increasingly adopted for small satellite constellations.

By Application:

• Commercial Satellites – Extending the operational life of satellites and reducing costs.
• Government & Defense Missions – Enhancing military satellite resilience and operational readiness.
• Deep-Space Exploration – Enabling long-term space missions and interplanetary exploration.

By Region:

• North America – Leading market share due to NASA and private sector initiatives.
• Europe – Significant growth driven by ESA programs and private companies.
• Asia-Pacific – Increasing investments in space programs from Japan, China, and India.
• Rest of the World – Emerging space economies driving demand.

The space in-orbit refueling market is poised for rapid growth, driven by technological advancements, increasing commercial interest, and government initiatives. With a projected CAGR of 12.4% from 2024 to 2032, the market presents significant opportunities for both established players and new entrants. The continuous development of in-orbit servicing capabilities will play a crucial role in ensuring sustainable and cost-effective space exploration in the coming decades.