Mr. Xiao Zhang Profile

Xiao Zhang

at China Academy of Space Technology

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Proceedings Article | 18 December 2023 Paper

Commercialization analysis of on-orbit servicing for spacecraft

Xiao Zhang, Yuqiang Liu, Zongbo He, Chunlin Tan

Proceedings Volume 12959, 129590P (2023) https://doi.org/10.1117/12.3006811

KEYWORDS: Space operations, Satellites, Industry, Commercialization, Industrial applications, Sustainability, Manufacturing, Design and modelling, Robotics, Standards development

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As an emerging space industry, it is necessary to consider whether there are economic feasibility and endogenous power to achieve sustainable development. Based on the analysis of the characteristics of existing commercial on-orbit servicing (OOS) projects and OOS application scenarios, the market scale of OOS and the economic value of typical services are analyzed by using industry data and net present value method. Furthermore, value drives of OOS are analyzed and multiple OOS business models are put forward from the perspective of enterprise value creation and transmission, with their applicable situations, implementation methods and application scenarios defined. Finally, suggestions on the development of OOS industrialization are carried out from the aspect of industry ecosystem construction. The results show that on orbit services in GEO area is large-scale and economically feasible, and flexibility is the core value driving factor of OOS; the key to sustainable development of OOS industry is to incorporate the flexibility elements of maintainability and OOS capability into solutions for future space systems. The results could provide guidance and reference significance for the development of the OOS industry and for relevant markets entities to formulate domestic and foreign market development strategies.

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