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. 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.
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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.
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.
Emergen Research’s latest document, titled ‘Global Space In Orbit Refueling Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Space In Orbit Refueling Market. The report’s authors have offered necessary details on the latest Space In Orbit Refueling Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Space In Orbit Refueling Market industry entails useful insights into the estimated Space In Orbit Refueling Market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcome in the near future.
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)
Objectives of the Report:
Study of the global Space In Orbit Refueling market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Space In Orbit Refueling market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Space In Orbit Refueling market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Space In Orbit Refueling market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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