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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 7.16 Billion by 2029 | 8.2% | North America |
| By Solution | By Application | By End User | By Region |
|---|---|---|---|
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SCOPE OF THE REPORT
Space Robotics Market Overview
The space robotics market is expected to grow at 8.2% CAGR from 2023 to 2029. It is expected to reach above USD 7.16 Billion by 2029 from USD 3.40 Billion in 2020.
Space robots are autonomous machines with mechanical, electrical, and electronic components that can perform biological functions. Robots in space are resilient enough to withstand the severe conditions of space and are capable of carrying out tasks like building, maintaining, exploring, maintaining satellites in orbit, etc. Due to advantages including increased production, lower costs, and the capacity to function as a human substitute in challenging circumstances, the space robotics sector is expanding quickly. In the future, deep space exploration will likely be carried out by space robots. A short while ago, the German Aerospace Center (DLR) deployed CIMON, an AI support robot designed to aid space pilots with their daily activities at the International Space Station. The robotics sector makes heavy use of cutting-edge technology like Deep Learning (DL) and Artificial Intelligence (AI). Many businesses are creating AI-based space robots that offer improved benefits for exploration and more mobility in space. These robots can operate with the least amount of human assistance and can carry out difficult jobs for a longer period.
The market for space robotics is being driven primarily by factors including the expansion of investments in space robotics on a global scale, the rise in demand for satellite launches, and the rise in collaborative ventures by major companies to broaden their geographic and commercial reach. However, it is anticipated that space robotics will face challenges in the years to come due to variables including the high expenses of space exploration missions and space robotics, as well as the rise in space debris. Also, factors like technical advancements in the space industry and the usage of software defined technology in space robots for flexibility to adjust space missions generate profitable chances for top manufacturers of space robotics products functioning in the market. Well-known businesses employ joint ventures, partnerships, and contracts as tactics to maintain their competitiveness in the market. For instance, as part of a deal with numerous other satellites, SpaceX was granted permission to use the Falcon 9 launch rocket to launch two Kazakhstan satellites. The Boeing Company and Lockheed Martin Corporation also collaborated to create the United Launch Services, LLC.
Almost 2,500 active satellites are currently revolving the Earth, and astronomers and other observers are able to observe more each month. GEO spacecraft used to be used for satellite communication, but now NGSO (Non-Geostationary Satellite Orbit) communications constellations, which also comprise Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellites, are included. If the present plan ideas are taken into account and authorized, around 50,000 active satellites are projected to orbit overhead within a period of ten years. Even if the most amazing ideas do not materialize, it is anticipated that a significant number of satellites will develop, be produced, and launched on an exceptional scale. The demand for space robots and their assembly is being boosted by the increase in satellite launches. Also, due to the recent high number of satellites launched into orbit, the space environment surrounding the Earth has become cluttered with pieces that are increasing the risk for both existing and upcoming space missions. Situations like these increase the need for space robotics for servicing and active trash removal in orbit. Skillful space robotics manipulators are being used to de-orbit, maintain, and capture operating and defective satellites in addition to extra-vehicular activity (EVA) and in-space robotic assembly (ISRA). With more of these operations, it is anticipated that demand for space robotics will increase soon.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD BILLION) |
| Segmentation | By Solution, By Application, By End user, By Region |
| By Solution
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| By Application
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| By End user
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| By Region
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Also, the amount of data generated by satellites is increasing due to the expansion of space exploration activities. Dealing with such vast amounts of data is challenging and necessitates additional technologies like artificial intelligence and machine learning. The topologically or larger areas that must be covered by the space robots used to explore planets in order to gather all the necessary data are not possible. A variety of space robotic systems are anticipated to result from these debates. By combining several specialized vehicles to conduct missions on several planets, the control of multiple space robots will enable increasing motility. Throughout the projected period, the market is anticipated to be driven by the uptake and application of such a multi-space robotic system.
Natural meteoroids and man-made orbital debris are combined to form space debris. While most of the trash created by humans orbits the Earth, meteoroids circle the sun. Orbital trash is any manufactured object in orbit over the Earth that lacks a useful space composites. Debris includes things like spacecraft that aren’t working, fragmentation debris, and abandoned launch vehicle stages. More than 27,000 particles of space debris are present, according to a NASA analysis. This debris is orbiting the Planet and is considerably larger than a softball. Typically, they travel at up to 17,500 mph. A little particle of orbital debris may harm a space robot, spaceship, or satellite if it were moving quickly enough. Spacecraft, including the International Space Station and other spacecraft, may be in greater danger due to the growing population of space junk.
A major barrier to the growth of the space business has always been the exorbitant expense of manufacturing space robots and other space products. Manufacturers of space robots are attempting to leverage cost reduction while carrying out essential roles in the value chain due to technological advancements including the miniaturization of payloads and satellites. A growing level of competitiveness has led to businesses all around the world creating high-quality and affordable space robots. New sorts of space robots can be created by businesses while keeping the product’s cost thanks to technological advancements. Newly created space robots are designed to do specific tasks and are efficient with energy. Also, manufacturing firms all around the world are using energy-efficient space robots to help with performing essential activities in space uninterrupted. The world’s defense firms are likewise striving for more affordable multipurpose space robots. Another technology with significant potential for the space sector is force sensing. The market for space robots is expanding as a result of such technology making pick-and-place tasks cheaper and simpler.
The COVID-19 had an influence on the space robotics business, even if the pandemic increased demand for downstream space applications, which helped many enterprises to remain afloat and unlocked new opportunities for the application of space robotics. Also, governments from all over the world sprang into action, providing the space industry with much-needed support. Global space robotics enterprises were stopped or hampered in 2020 as a result of government limitations to stop the COVID-19 virus from spreading. Activities related to research and innovation were frequently the first to be impeded during such economic crises. The industry is becoming more and more dependent on research and innovation, which makes many SMEs and start-ups more vulnerable than larger companies, particularly in the space domains. The COVID-19 pandemic has enabled the government to support regional space industries, many of whose satellites are in close proximity to space and who rely heavily on their private and public corporations as investors in new initiatives and overseers of their operations.
Space Robotics Market Segment Analysis
The space robotics market is segmented based on solution, application, end user and region.
By solution, the market is bifurcated into (Services, Remotely operated vehicles, Remote manipulator system). By application into (Near space, Deep space, Ground). By end user into (Commercial, Government) and region.
With a market share of over 38% and the highest revenue, the services category led the market in 2021. However, the Remotely Operated Vehicles (ROVs) sector is anticipated to grow at the quickest CAGR from 2020 to 2029, maintaining its dominating position in the market. The ROVs market is further divided into three sub segments space probes, rovers/spacecraft landers, and others. Robots used to explore the surfaces of planets are called rovers, and they are built to carry out a variety of functions, including data interpretation and transmission, planet exploration, image capture, and excavating. The need for rovers and spacecraft landers is anticipated to be driven by prospective space missions including NASA’s Mission One and Luna 25 by Roscosmos, the UK’s Spacebit Mission One, Germany’s ALINA, and the U.S.’s Luna 25. During the course of the projected period, it is anticipated that the Remote Manipulator System (RMS) segment will expand at a significant rate. In addition to helping astronauts with maintenance tasks, RMS can collect, deploy, and handle satellite payloads.
In 2021, the near-space application segment had the biggest revenue share (almost 43%). Robots in orbit or close to space may be employed for scientific space exploration, satellite maintenance, and the assembly of giant space telescopes. The near-space industry is further divided into the following subsectors: space exploration, in-space maintenance, and others. Because of the need to restock the International Space Station (ISS) and maintain the current geosynchronous satellites, the space transportation market is anticipated to increase rapidly throughout the projected period. The deep-space sector is anticipated to see the highest CAGR during the projection period. In order to observe, map, and collect data from extraterrestrial surfaces, deep space robots or planetary robots are essential.
With a revenue share of almost 84% in 2021, the government sector had the highest revenue. Demand for robotics technology in this market is rising as a result of several R&D initiatives and satellite launches for defense and security objectives. Also, the industry is expanding as military & defense activities place more and more importance on space and satellite technologies. R&D projects for robots and space applications are being supported by numerous governments. For example, in 2017, the U.K. government supported the FAIR-SPACE Hub programme to advance robots and AI for space missions. The FAIR-SPACE Hub is collaborating with a few private companies to develop technology that will allow future space robots to do tasks like satellite maintenance, manufacture satellite components in space, assemble massive space observatories, clear space of junk, and deploy infrastructure.
Space Robotics Market Player
The space robotics market key players includes Altius Space, Astrobotic Technology Inc., MDA Ltd., Honeybee Robotics, Intuitive Machines LLC, Maxar Technologies, Metecs LLC, Motiv Space Systems Inc., Northrop Grumman Corp., and Oceaneering International, Inc.
16 February 2022: February 10 marked a major milestone for Altius Space Machines: not only was this our first successful launch of 2022, but it also marks over 300 DogTags™ having launched into space! An Arianespace Syouz rocket lifted off from French Guiana, carrying 34 OneWeb satellites, all equipped with Altius DogTags to support future end-of-life operations and mitigate future space debris as part of OneWeb’s Responsible Space program.
14 January 2021: Voyager Space Holdings, Inc. (Voyager), a global leader in space exploration, today announced its subsidiary, Altius Space Machines, Inc. (Altius) achieved a significant milestone: a successful first launch of the company’s DogTags™ universal grapple fixtures into space aboard OneWeb’s satellites. This is the first of many planned launches for Altius’ DogTags, as the company is slated to produce grapple fixtures for all of OneWeb’s remaining satellites in its planned constellation.
Who Should Buy? Or Key Stakeholders
- Research manufacturing process
- Space Agencies
- Space research institutes
- Space insurance organisations
- Space industry
- Spacecraft operators
- Investors
- Regulatory Authorities
- Others
Space Robotics Market Regional Analysis
The space robotics market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
With almost 41% of global revenues in 2021, North America had the highest proportion. Strong space capabilities of NASA and CSA are credited with the regional market expansion. To carry out their space exploration goals, both corporations have made significant investments in R&D and technology development. In order to facilitate long-term space travel and the creation of a lunar gateway, NASA is constructing the in-space infrastructure. A complicated lunar robotic mission can be developed to accomplish this. Also, this gateway opens up the possibility for commercial expeditions to the moon’s surface, which will advance the development of new technologies including crew mobility, spaceflight systems, and robotic ancestors of future human missions beyond Earth’s orbit. The potential expansion of the sector is increased by all of these space and moon exploration efforts.
The fastest-growing regional market is anticipated to be Asia Pacific between 2020 and 2029. Asia Pacific is the first region to use a correlation method that combines space technology and geospatial information services to improve resilience and reduce disaster risk. A regional action plan for a sustainable future is expected to bring the countries in the region together. This makes it easier for nations with limited space capabilities, like Mongolia, to collaborate with space technology innovators like China, India, and Japan. Furthermore, it is anticipated that impending space initiatives and exploration missions, such as Chandrayaan-3 by India and Chang’e 7 by China, will open up new opportunities for the local business.
Over the predicted period, Europe is also anticipated to have significant growth. Via a number of programmes financed by the European Commission, including PERASPERA and SpacePlan 2020, the ESA has been creating technology roadmaps in RAS. There are many technological requirements or difficulties in RAS that are well accepted by the global space community. Market expansion is anticipated to be aided by technological advancements, space automation, and an overall increase in space projects.
Key Market Segments: Space Robotics Market
Space Robotics Market By Solution, 2020-2029, (USD Billion).
- Services
- Remotely Operated Vehicles
- Remote Manipulator System
Space Robotics Market By Application, 2020-2029, (USD Billion).
- Near Space
- Deep Space
- Ground
Space Robotics Market By End User, 2020-2029, (USD Billion).
- Commercial
- Government
Space Robotics Market By Region, 2020-2029, (USD Billion).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new application
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the space robotics market over the next 7 years?
- Who are the major players in the space robotics market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the space robotics market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the space robotics market?
- What is the current and forecasted size and growth rate of the global space robotics market?
- What are the key drivers of growth in the space robotics market?
- What are the distribution channels and supply chain dynamics in the space robotics market?
- What are the technological advancements and innovations in the space robotics market and their impact on solution development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the space robotics market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the space robotics market?
- What are the services offerings and specifications of leading players in the market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global space robotics market outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on space robotics market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global space robotics market outlook
- Global Space robotics market by Solution (USD Billion), 2020-2029
- Services
- Remotely operated vehicles
- Remote manipulator system
- Global Space robotics market by Application (USD Billion),2020-2029
- Near space
- Deep space
- Ground
- Global Space robotics market by End user (USD Billion),2020-2029
- Commercial
- Government
- Global Space robotics market by Region (USD Billion),2020-2029
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Altius Space
- Astrobotic Technology Inc.
- MDA Ltd.
- Honeybee Robotics
- Intuitive Machines LLC
- Maxar Technologies
- Metecs LLC
- Motiv Space Systems Inc.
- Northrop Grumman Corp.
- Oceaneering International, Inc.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 GLOBAL SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 2 GLOBAL SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 3 GLOBAL SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 4 GLOBAL SPACE ROBOTICS MARKET BY REGION (USD BILLION) 2020-2029
TABLE 5 NORTH AMERICA SPACE ROBOTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 6 NORTH AMERICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 7 NORTH AMERICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 8 NORTH AMERICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 9 US SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 10 US SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 11 US SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 12 CANADA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 13 CANADA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 14 CANADA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 15 MEXICO SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 16 MEXICO SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 17 MEXICO SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 18 SOUTH AMERICA SPACE ROBOTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 19 SOUTH AMERICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 20 SOUTH AMERICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 21 SOUTH AMERICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 22 BRAZIL SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 23 BRAZIL SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24 BRAZIL SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 25 ARGENTINA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 26 ARGENTINA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 27 ARGENTINA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 28 COLOMBIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 29 COLOMBIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30 COLOMBIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 31 REST OF SOUTH AMERICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 32 REST OF SOUTH AMERICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 33 REST OF SOUTH AMERICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 34 ASIA-PACIFIC SPACE ROBOTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 35 ASIA-PACIFIC SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 36 ASIA-PACIFIC SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 37 ASIA-PACIFIC SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 38 INDIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 39 INDIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 40 INDIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 41 CHINA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 42 CHINA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 43 CHINA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 44 JAPAN SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 45 JAPAN SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 46 JAPAN SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 47 SOUTH KOREA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 48 SOUTH KOREA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 49 SOUTH KOREA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 50 AUSTRALIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 51 AUSTRALIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 52 AUSTRALIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 53 SOUTH-EAST ASIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 54 SOUTH-EAST ASIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 55 SOUTH-EAST ASIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 56 REST OF ASIA PACIFIC SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 57 REST OF ASIA PACIFIC SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 58 REST OF ASIA PACIFIC SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 59 EUROPE SPACE ROBOTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 60 GERMANY SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 61 GERMANY SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 62 GERMANY SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 63 UK SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 64 UK SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 65 UK SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 66 FRANCE SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 67 FRANCE SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 68 FRANCE SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 69 ITALY SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 70 ITALY SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 71 ITALY SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 72 SPAIN SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 73 SPAIN SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 74 SPAIN SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 75 RUSSIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 76 RUSSIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 77 RUSSIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 78 REST OF EUROPE SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 79 REST OF EUROPE SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80 REST OF EUROPE SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 81 MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82 MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 83 MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 84 MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 85 UAE SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 86 UAE SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 87 UAE SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 88 SAUDI ARABIA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 89 SAUDI ARABIA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90 SAUDI ARABIA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 91 SOUTH AFRICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 92 SOUTH AFRICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 93 SOUTH AFRICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
TABLE 94 REST OF MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY SOLUTION (USD BILLION) 2020-2029
TABLE 95 REST OF MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 96 REST OF MIDDLE EAST AND AFRICA SPACE ROBOTICS MARKET BY END USER (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL SPACE ROBOTICS MARKET BY SOLUTION, USD BILLION, 2020-2029
FIGURE 9 GLOBAL SPACE ROBOTICS MARKET BY END USER, USD BILLION, 2020-2029
FIGURE 10 GLOBAL SPACE ROBOTICS MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 11 GLOBAL SPACE ROBOTICS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL SPACE ROBOTICS MARKET BY SOLUTION, USD BILLION, 2021
FIGURE 14 GLOBAL SPACE ROBOTICS MARKET BY END USER, USD BILLION, 2021
FIGURE 15 GLOBAL SPACE ROBOTICS MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 16 GLOBAL SPACE ROBOTICS MARKET BY REGION 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 ALTIUS SPACE: COMPANY SNAPSHOT
FIGURE 19 ASTROBOTIC TECHNOLOGY INC.: COMPANY SNAPSHOT
FIGURE 20 MDA LTD.: COMPANY SNAPSHOT
FIGURE 21 HONEYBEE ROBOTICS: COMPANY SNAPSHOT
FIGURE 22 INTUITIVE MACHINES LLC: COMPANY SNAPSHOT
FIGURE 23 MAXAR TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 24 METECS LLC: COMPANY SNAPSHOT
FIGURE 25 MOTIV SPACE SYSTEMS INC: COMPANY SNAPSHOT
FIGURE 26 NORTHROP GRUMMAN CORP.: COMPANY SNAPSHOT
FIGURE 27 OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT
FAQ
The space robotics market is expected to grow at 8.2% CAGR from 2022 to 2029. It is expected to reach above USD 7.16 Billion by 2029 from USD 3.40 Billion in 2020.
North America held more than 41% of the Space robotics market revenue share in 2021 and will witness expansion in the forecast period.
Almost 2,500 active satellites are currently revolving the Earth, and astronomers and other observers are able to observe more each month. GEO spacecraft used to be used for satellite communication, but now NGSO (Non-Geostationary Satellite Orbit) communications constellations, which also comprise Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellites, are included. If the present plan ideas are taken into account and authorized, around 50,000 active satellites are projected to orbit overhead within a period of ten years. Even if the most amazing ideas do not materialize, it is anticipated that a significant number of satellites will develop, be produced, and launched on an exceptional scale. The demand for space robots and their assembly is being boosted by the increase in satellite launches.
Space robots are autonomous machines with mechanical, electrical, and electronic components that can perform biological functions. Robots in space are resilient enough to withstand the severe conditions of space and are capable of carrying out tasks like building, maintaining, exploring, maintaining satellites in orbit, etc. Due to advantages including increased production, lower costs, and the capacity to function as a human substitute in challenging circumstances, the space robotics sector is expanding quickly. In the future, deep space exploration will likely be carried out by space robots. A short while ago, the German Aerospace Center (DLR) deployed CIMON, an AI support robot designed to aid space pilots with their daily activities at the International Space Station.
With almost 41% of global revenues in 2021, North America had the highest proportion. Strong space capabilities of NASA and CSA are credited with the regional market expansion. To carry out their space exploration goals, both corporations have made significant investments in R&D and technology development. In order to facilitate long-term space travel and the creation of a lunar gateway, NASA is constructing the in-space infrastructure. A complicated lunar robotic mission can be developed to accomplish this. Also, this gateway opens up the possibility for commercial expeditions to the moon’s surface, which will advance the development of new technologies including crew mobility, spaceflight systems, and robotic ancestors of future human missions beyond Earth’s orbit. The potential expansion of the sector is increased by all of these space and moon exploration efforts.
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