On-orbit satellite servicing market predicted to reach $9 billion globally by 2032, growing at a 10.59% CAGR from 2023-2032.

Allied Market Research reports that the on-orbit satellite servicing market is expected to reach $9.0 billion globally by 2032, increasing at a 10.59% CAGR from 2023 to 2032. The market was valued at $3.4 billion in 2022. Key drivers for growth include aging satellite populations and the subsequent demand for servicing. However, technological complications may hinder market expansion.