According to our latest research, the Global Space Tug Service Insurance market size was valued at $412 million in 2024 and is projected to reach $1.68 billion by 2033, expanding at a robust CAGR of 16.8% during the forecast period of 2025–2033. One of the primary factors driving the growth of this market globally is the accelerating commercialization and privatization of space activities, particularly the deployment and maintenance of satellites through space tugs.
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