As per the BIS research analysis, the in-space manufacturing, servicing, and transportation industry analysis by BIS Research projects the market to grow at a significant CAGR of 17.26% on the basis of value during the forecast period from 2020 to 2030. North America is expected to dominate the market in 2030 with a share of 45.57%. The North America region includes the U.S. and Canada. The U.S. is expected to acquire a major share in 2030 due to the increase in the investment and strategic developments of companies in the country.

The space industry is in the process of constant evolution, with various technological developments that have enhanced the capabilities of space systems taking place in the industry. The industry has witnessed growth in satellite launches, particularly small satellites, and the availability of low-cost launch services due to the emergence of private players such as SpaceX and Rocket Lab over the past few years.

The in-space manufacturing, servicing, and transportation market research provides detailed market information for segmentation such as end user, operation, and region. The purpose of this market analysis is to examine the in-space manufacturing, servicing, and transportation market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The in-space manufacturing, servicing, and transportation market is segregated by region under four major regions, namely North America, Europe, Asia-Pacific, and Rest-of-the-World. Data for each of these regions (by country) has been provided in the market study.

There are several factors that are contributing to the significant growth of in orbit manufacturing, servicing, and transportation market. Some of these factors include the focused efforts by emerging space companies to develop on-orbit space capabilities, the increasing efforts toward space debris removal, and increasing satellite launches. The on-orbit servicing of satellites has the potential to become a disruptive industry trend in the upcoming decades.

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Transportation Segment to Lead the In-Space Manufacturing, Servicing, and Transportation Market:

Transportation refers to the component and cargo supply to ISS as well as launching client satellites from earth to a desired orbit. The transportation segment is expected to lead the market during the forecast period from 2020 to 2030. The factors contributing to this growth is the number of cargo supplies to the ISS as well as the adoption of in-space transportation of satellites to the desired orbit.

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Key Companies in the Global In-Space Manufacturing, Servicing, and Transportation Industry

The key market players in the in-space manufacturing, servicing, and transportation include Airbus S.A.S., Altius Space, Astrobotics, Astroscale, Momentus Space, Atomos Space, Chandah Space Technologies, D-Orbit SpA, Honeybee Robotics, Infinite Orbits, Orbit Fab, Northrop Grumman Corporation, SSL (a Maxar Company), Tethers Unlimited, Inc., and Made In Space, among others.
North America: The Frontrunner in Space Propulsion System Market:

Market Analysis for the North America Region:

North America comprises regional markets of the U.S. and Canada. The market for in-space manufacturing, servicing, and transportation is comparatively new and evolving at a constant pace. OOS and in-space manufacturing in the region are growing at a significant pace, which in turn is expected to further raise the demand for in-space services in the coming years. Furthermore, the growth of the in-space shuttle service is anticipated to positively impact the region’s in-space manufacturing, servicing and transportation market during the forecast period. One of the major factors for the significant growth of this region is the presence of major key players operating and offering in-space services in the region.

Business Drivers in North America Region:

The growing space and military programs due to a spike in demand for exploring as well as commercialization of space in the U.S. are going to raise the demand for in-space manufacturing, servicing, and transportation. Government agencies such as NASA and U.S. Airforce are announcing contracts for the in-space manufacturing, and servicing, among others.
The increase in commercial activities in space provides a strong platform for the growth of the in-space manufacturing, servicing, and transportation market in the U.S.

Business Challenges in North America Region:

Companies such as Momentus Space, Space X, Altius Space Machines and Orbit Fab are the major market shareholders in the country. Hence, the strong presence of these companies inhibits the new entrants from penetrating the U.S. in-space manufacturing, servicing, and transportation market.

Key Questions Answered in this Report:
• What are the underlying structures resulting in the emerging trends within the in-space manufacturing, servicing, and transportation market?
• What is the scope in the market for new OEMs and other players to enter?
• What are the driving and challenging factors for the growth of the in-space manufacturing, servicing, and transportation market?
• Which operation type is expected to lead the in-space manufacturing, servicing, and transportation market by 2030?
• What was the market value of the regions in in space manufacturing, servicing and transportation market in 2019, and how is the market estimated to grow during the forecast period 2020-2030?
• How is the industry expected to evolve during the forecast period 2020-2030?
• What are the key development strategies that are implemented by the key players to sustain the competitive market?

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