In-orbit Satellite Servicing Primed for 10% Annual Growth: Consultant
In-orbit services' revenue is expected to grow more than 10% annually between now and 2030, driven by increasing demand for satellite life extension, repair and debris mitigation services, space consultancy Neuco Director Laurie Scott wrote Monday. The need for life-extension…
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services is rising as many satellites are closing in on their operational lifespans and servicing existing satellites is more cost-effective than deploying new ones, Scott added.