Report Overview:
Space robots are self-controlled devices consisting of mechanical, electrical, and electronic components which can function in place of a living agent. Space robots can survive the harsh environment of space and can perform functions such as construction, maintenance, exploration, servicing of spatial satellites, etc. The space robotics industry is achieving high growth due to its benefits such as better productivity, cost-effectiveness, and the ability to perform in harsh situations as a human substitute. Space robots are expected to carry out the future of deep space exploration.
The Global Space Robotics Market Size was estimated at USD 2706.97 million in 2021 and is projected to reach USD 3796.05 million by 2028, exhibiting a CAGR of 4.95% during the forecast period.
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The key drivers of the space robotics market include the growing demand for space exploration and the increasing need for more sophisticated and advanced robotic technologies. The market is also being driven by the increasing number of public and private sector initiatives aimed at space exploration, as well as the increasing demand for satellite services and communication.
Key Players:
- Altius Space Machines
- Astrobotic Technology
- Olis Robotics
- Effective Space Solutions
- Honeybee Robotics
- Ispace
- Made in Space
- Maxar Technologies
- Metecs
- Northrop Grumman
- Motiv Space Systems
- Stinger Ghaffarian Technologies(SGT)
- Space Applications Services
Segmentation:
Market Segmentation (by Type):
- Deep Space Robotics
- Near Space Robotics
- Ground Robotics
Market Segmentation (by Application):
- Space Agencies
- Departments of Defense
- Satellite Operators/Owners
- Launch Service Providers
- Others
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The Increasing Need for Space Robotics: Serving the Growing Satellite Industry:
The rise in launching satellites is encouraging the demand for space robots and its assembling. Moreover, because of the high number of satellites that are carried into orbit in the recent past, the space environment encircling the Earth has been muddled with fragments that are turning into an improving risk for future and current space missions. Such situations boost the demand for space robotics for servicing and active debris removal in orbit. In addition to Extra-Vehicular Activity (EVA) and In-Space Robotic Assembly (ISRA), skillful space robotics manipulators are being exploited to de-orbit, maintain, and capture operational & defective satellites. With the rise in such operations, the demand for space robotics is expected to improve in the near future.
Geographic Segmentation:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Increase in space debris to hamper space robotics in the coming years:
Artificial (human-made) orbital debris and natural meteoroids are integrated into space debris. The meteoroids orbit the sun, while most human-made debris orbits the Earth. Any artificial type of item in orbit around the Earth that no spongy implements a valuable role is called orbital trash. Fragmentation debris, abandoned launch vehicle stages, mission-related junk, and nonfunctional spacecraft is a types of debris.
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TABLE OF CONTENTS:
1 Research Methodology and Statistical Scope
2 Space Robotics Market Overview
3 Space Robotics Market Competitive Landscape
4 Space Robotics Industry Chain Analysis
5 The Development and Dynamics of the Space Robotics Market
6 Space Robotics Market Segmentation by Type
…TOC Continued
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