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In-Space Manufacturing, Servicing and Transportation Market | Global Opportunity Analysis and Industry Forecast, 2020–2027

02-22-2021 04:03 PM CET | Logistics & Transport

Press release from: Allied Market Research

In-Space Manufacturing, Servicing and Transportation Market |

Development of successful high-performance key components technologies has induced deployment of in-space and in-orbit services such as manufacturing, servicing and transportation. Feasibility and technological development of on-orbit repair, servicing, assembly and inspection have contributed toward the growth of in-space services. Primarily, in-space services focus on increasing satellite launches and removal of space debris. Emerging space companies are focused on in-space manufacturing, servicing and transportation services to further improve the on-orbit space capabilities.

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COVID-19 scenario analysis:
• In-space manufacturing, servicing and transportation have been negatively affected by the economic upheaval created by outbreak of COVID-19.
• In-space activities is an industry with high levels of specialization and low production volumes.Thus, during the COVID-19 pandemic,the costs of entry such as strong government requirements, financing risks and technological risks to the sectorincreased owing to the funding cuts by governments.
• Non-availability of raw materials and disruption in supply chain due to the lockdowns implemented globally acted as a major challenge for the growth of the in-space manufacturing, servicing and transportation market.
• Space industry is suffering from financial losses from loss in revenue due to restriction in manufacturing of non-essential goodsimposed by government to control spread of COVID-19.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Prioritization of sustainable space infrastructure, increase in development of on-orbit space capabilities by the emerging space players and rise in adoption of on-orbit services are the factors that act as a driver for the in-space manufacturing, servicing and transportation market. However, regulatory issues, legal issues and technological challenges restricts growth of the market. Contrarily, increase in space launches and increase in efforts to remove space debris presents new pathways for the industry.

The in-space manufacturing, servicing and transportation market trends are as follows:

Prioritization of sustainable space infrastructure

Use of in-situ resource utilization (ISRU) for sustainable space infrastructure has increased to store, process, collect and utilize materials manufactured or materials found on other astronomical objects to reduce materials to be brought from the Earth. Sustainable space infrastructure yields in reduction of cost and mass associated with space exploration architectures. For instance, in 2018, SpaceX started developing Mars propellant plant, which can produce methane on mars to be used as propellant with the help of Sabatier reaction. Mars propellant plant will mine required water from the subsurface water ice found on Mars instead of hydrogen being transported from Earth. Focus on fabrication of sustainable space infrastructure increases the growth of in-space manufacturing, servicing and transportation market.

Rise in adoption of on-orbit services

On-orbit services include repairing or refuelling activities performed while the satellite is in orbit. Drop in costs of launching commercial satellites and rise in launches of geostationary low orbit satellites with lesser servicing costs encourages market growth of on-orbit services. For instance, in 2019, Space Logistics built MEV-1 a satellite designed for servicing of one of Space Logistics’ Intelsat-901 satellites. Servicing performed by MEV-1 extended the lifetime of Intelsat-901 satellite for five more years. Development and successful deployment of on-orbit services to repair or refuel existing satellites increases the demand for in-space manufacturing, servicing and transportation market.

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Key benefits of the report

• This study presents the analytical depiction of the high-performance truck market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the high-performance truck market share.
• The current market is quantitatively analyzed from 2020 to2027 to highlight the high-performance truck market scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed high-performance truck market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the defensive cyber weapons market research report:

• What are the leading market players active in the high-performance truck market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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