What Is Driving Global Orbital Maneuvering Vehicle Market Growth in 2025: The Role of The Increasing Demand For Satellite Servicing Is Fueling The Growth Of The Market Due To Expanding Satellite Networks And Critical Service Needs

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Orbital Maneuvering Vehicle Market Size Growth Forecast: What to Expect by 2025?
The market size for orbital maneuvering vehicles has seen rapid expansion in recent years. The industry is projected to increase from a value of $1.60 billion in 2024 to an estimated of $1.84 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.3%. This substantial growth during the historic phase is credited to a surge in demand for satellite servicing and the expanding necessities for satellite repositioning. This is predominantly driven by increased government and private sector investment in space infrastructure. Furthermore, there's a growing emphasis on satellite sustainability and a remarkable increase in the deployment of small satellite constellations.

How Will the Orbital Maneuvering Vehicle Market Size Evolve and Grow by 2029?
The market for orbital maneuvering vehicles is set to experience significant expansion in the upcoming years, reaching a value of $3.21 billion in 2029 with a compound annual growth rate (CAGR) of 14.9%. Factors contributing to this anticipated growth include increased investment by the private sector in reusable orbital transfer vehicle systems, heightened interests in space exploration such as Moon and Mars missions, and a high demand for launch support due to a surge in mega-constellation deployment. Other influences include greater regulatory backing and simplified licensing procedures for commercial space operations, along with the broadening use of electric propulsion for efficiency. Key trends to watch over the forecast period encompass technologic advancements in reusable orbital transfer vehicle systems, the rise of electric propulsion systems for orbital maneuvering, the establishment of in-orbit refueling infrastructure and services, the inception of AI-supported mission planning, and the integration of public and private collaborations in the OTV development sector.

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What Drivers Are Propelling the Growth of Orbital Maneuvering Vehicle Market Forward?
The upsurge in the need for satellite services is anticipated to boost the growth of the orbital maneuvering vehicle market in the future. Satellite servicing entails in-orbit operations that prolong the lifespan of satellites, boost functionality, or regain performance via refueling, fixing, enhancing, and relocating. The escalating need for satellite services is attributed to the hefty expense and intricacy of novel launches, making it more cost-effective for operators to utilize existing resources, assure service consistency, and mitigate risks. Orbital maneuvering vehicles facilitate accurate positioning, docking, and transportation, significantly augmenting the viability and efficacy of satellite servicing. For instance, the Satellite Industry Association (SIA), a trade organization based in the US, in May 2025 reported a high of 259 launches, deploying 2,172 tons and 2,695 satellites into Earth's orbit, with the US responsible for 65% of the launch market. For comparison, in 2024, the worldwide space economy saw a growth of 4%, while the commercial satellite sector represented 71% of entire space activity. Hence, the rising demand for satellite servicing is stimulating the growth of the orbital maneuvering vehicle market.

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Which Emerging Trends Are Transforming the Orbital Maneuvering Vehicle Market in 2025?
Leading enterprises in the orbital maneuvering vehicle sector are increasingly turning to cutting-edge technologies like microwave electrothermal thrusters (METs) to enhance the safety of propulsion, increase maneuverability, and afford greater flexibility in missions. METs are an innovative form of electric propulsion, which utilizes microwaves to convert water into plasma via heat and ionization. This plasma is then ejected to produce thrust. This technology presents a safer, more environmentally friendly, and cost-efficient substitute to conventional chemical propulsion, thereby allowing orbital maneuvering vehicles to alter orbits, shift the position of satellites and raise the reliability of missions. For example, Momentus Inc., an American company offering orbital maneuvering and space transportation solutions, achieved a milestone in May 2023 when it successfully elevated the orbit of its Vigoride-5 spacecraft using MET propulsion. This marked the inaugural use of the inventive propulsion system to alter a spacecraft's altitude while in space. It proved the capacity to modify orbital parameters, facilitate satellite repositioning and enhance flexibility in missions. The Vigoride-5 and its MET propulsion technology underscore the potential for executing controlled orbital maneuvers, ensuring more adaptable satellite deployments, and bolstering mission reliability in space transportation.

What Are the Key Segments in the Orbital Maneuvering Vehicle Market?
The orbital maneuvering vehicle market covered in this report is segmented as

1) By Type: Manned, Carrying Goods
2) By Platform Type: Expendable, Reusable
3) By Orbit Type: Geostationary Earth Orbit (GEO), Highly Elliptical Orbit (HEO), Low Earth Orbit (LEO), Medium Earth Orbit (MEO)
4) By Propulsion System: Chemical Propulsion, Electric Propulsion, Hybrid Propulsion
5) By Application: Crew Transfer, Debris Removal, Research Missions, Satellite Deployment, Satellite Servicing

Subsegments:
1) By Manned: Crew Transfer, Research Missions
2) By Carrying Goods: Cargo Resupply, Equipment Delivery, Technology Demonstration

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Who Are the Key Players Shaping the Orbital Maneuvering Vehicle Market's Competitive Landscape?
Major companies operating in the orbital maneuvering vehicle market are The Boeing Company, Blue Origin, Moog Inc., Rocket Lab Corporation, Impulse Space, Firefly Aerospace Inc., D-Orbit S.p.A., Starfish Space, Astroscale Holdings Inc., Exotrail, Quantum Space, Space Machines Company, Skyrora, TransAstra, Epic Aerospace, Bellatrix Aerospace, Argo Space, UARX Space, Momentus, Liftero, Lúnasa Space.

What Geographic Markets Are Powering Growth in the Orbital Maneuvering Vehicle Market?
North America was the largest region in the orbital maneuvering vehicle market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in orbital maneuvering vehicle report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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