The global space in-orbit refueling market size was USD 2.3 Million in 2021 and is expected to register a revenue CAGR of 100.9% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for extending mission longevity, value, and flexibility in the space industry is a key factor driving market revenue growth. In addition, increasing importance and benefits of space exploration is also driving revenue growth of the market. Space exploration activities provide various benefits, for instance, it aids in transforming and improving understanding of medical conditions on Earth, while astronauts are affected by microgravity, radiation, and isolation.

Rapid advancements in space technologies, such as incorporation of Artificial Intelligence (AI) tools, Internet of Things (IoT)-based components, and others, is contributing to market revenue growth. In addition, innovations in additive manufacturing, in-orbit services, and others are significantly contributing to market revenue growth. Market companies are also focusing on robotic refueling missions and investing in satellite repair services, which aids in reducing equipment downtime and thereby increasing their lifecycle.

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Space research organizations, such as National Aeronautics and Space Administration (NASA), is also focusing on robotic refueling missions for a long time. For instance, in 2011, NASA delivered a test payload to International Space Station. The robotic refueling missions enabled NASA to develop procedures for practical on-orbit refueling by using replicas of satellite fuel valves, actual fuel to transfer, and a suite of tools that could be operated by station's robotic arm.   

The Global Space In Orbit Refueling Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Space In Orbit Refueling Market studies the market scenario to offer growth projections for the Space In Orbit Refueling Market industry for the forecast period of 2022-2030. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. 

Key players include:

Astroscale, Altius Space Machines, D-Orbit SpA, Lockheed Martin Corporation, LMO, Maxar Technologies, Momentus Inc., Orbit Fab, Inc., Obruta Space Solutions Corp., and Starfish Space.

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Emergen Research has segmented into the global Space In Orbit Refueling Market on the workflow, product, type of large molecule, end-user, and region:

Workflow Outlook (Revenue, USD Billion; 2017-2027)

Discovery

Target Identification

Reverse Docking

Bioinformatics

Protein Structure Prediction

Target Validation

Lead Discovery

Pharmacophore

Library Design

Preclinical Tests

Clinical Trials

Product Outlook (Revenue, USD Billion; 2017-2027)

Consultancy as a Service

Software as a Service (Cloud)

Software

Type of Large Molecule Outlook (Revenue, USD Billion; 2017-2027)

Proteins

Antibodies

Nucleic Acids

Peptides

Vectors

End-User Outlook (Revenue, USD Billion; 2017-2027)

Contract Research Organizations

Pharmaceutical Industry

Academic and Research Institutes

Others

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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Space In Orbit Refueling market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

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