Industry Analysis of Space Robotics Market by 2030 | Growing use of robotic vehicles for space-related projects
Space robotics market size – USD 4.32 billion in 2021, market growth – at a CAGR of 4.7%
— Emerging research
VANCOUER, BC, CANADA, Aug. 5, 2022 /EINPresswire.com/ — According to the latest analysis from Emerging Research. The increasing integration of intelligent robotic systems enabled with the Internet of Things (IoT) is a key driver of market revenue growth. The demand for space robots is increasing due to the need for efficient repair, servicing and maintenance of geostationary satellites. The major reasons influencing the demand for space robotics technology are cost effectiveness, increased productivity, and the ability to operate in the harsh environment of space. In addition, highly developed robotic systems are required for the realization of future space initiatives such as the National Aeronautics and Space Administration (NASA) lunar surface innovation effort and on-orbit manufacturing and assembly in the International Space Station (ISS).
Emergen Research’s latest paper titled “Global Space Robotics Market – Forecast to 2030” is one of the most sought-after market reports involving in-depth analysis of the global space robotics market. The authors of the report have provided the necessary details about the latest Space Robotics market trends and crucial parameters impacting the market growth in both short and long term. Its panoramic view of Space Robotics market contains useful information about the estimated Space Robotics market size, revenue share, and sales and distribution network. This useful market information will help the readers to describe the major results of this industry in the near future.
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 :
Oceaneering International, Inc., Northrop Grumman, Motiv Space System, Inc., Metecs, LLC, Maxar Technologies, Intuitive Machines, LLC, Astrobotic Technology, Inc., Altius Space Machines, Motiv Space Systems, Inc., Ispace, Inc., Olis Robotics and Stinger Ghaffarian Technologies, Inc.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐆𝐞𝐭 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.emergenresearch.com/request-sample/1023
The report examines in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands for the Space Robotics market. The study further assesses the regional market as well as the international market to get an insight into the scope of the market. The report also offers estimates and forecasts on the market segment and sub-segments showing promising growth in the forecast timeline.
Robotics and autonomous systems are essential to current and future space exploration missions. Robots designed specifically for space missions can perform a variety of tasks, including satellite servicing and maintenance, satellite repair, and exploration. By giving astronauts better manipulation capabilities, robots increase the human ability to operate and explore in space. The multidisciplinary approach used in engineering and space science is represented by modern space robots. As a result, a wider range of uses for space robotic technology now exist, ranging from crew support to independent operation on the surface of a new planet.
Global Space Robotics Industry Leaders: Top 10 by Revenue
𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 :
What are the key factors driving the expansion of the Space Robotics market?
What will be the value of the space robotics market in 2022-2030?
Which region will make notable contributions to the global Space Robotics market revenue?
Who are the key players benefiting from the growth of the Space Robotics Market?
According to the solution, the space robotics market is expected to be led in 2018 by the satellite servicing segment. The need for space services such as satellite servicing, de-orbiting, surface mobility and resupply services is increasing, and this is driving the expansion of the satellite servicing market.
The near space application of space robotics market is expected to witness the highest growth in CAGR during the forecast period. The need for resupply flights for the International Space Station (ISS), the production of in-orbit satellites, and the growing need to maintain current geosynchronous satellites are all contributing factors to the growth of the near space market.
The North America market accounted for the largest revenue share in 2021. The presence of major market companies such as Northrop Grumman, Redwire Corporation, and others plays a key role in driving the market revenue growth in this region. These companies are investing heavily in building new manufacturing facilities and developing innovative robotic systems that precisely meet end-user requirements. On September 13, 2021, for example, Northrop Grumman, which is a leading aerospace, defense and security company headquartered in Virginia, USA, announced that its wholly owned subsidiary – Space Logistics – was preparing to launch a new service vehicle equipped with a robotic system. arm for satellite maintenance.
𝐄𝐦𝐞𝐫𝐠𝐞𝐧 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐡𝐚𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐩𝐚𝐜𝐞 𝐫𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐞𝐧𝐝-𝐮𝐬𝐞, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧:
Solution 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧; 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟎)
Autonomous sensors and systems
Robotics and subsystems
Assembly in orbit
𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧; 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟎)
3D printing in space
𝐄𝐧𝐝-𝐔𝐬𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞, 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧; 𝟐𝟎𝟏𝟗-𝟐𝟎𝟑𝟎)
Department of Defense
Private satellite operators
Launch Service Providers
𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐩𝐚𝐜𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 @ https://www.emergenresearch.com/industry-report/space-robotics-market
𝐒𝐩𝐚𝐜𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧;
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬:
Chapter 1 includes an introduction of the Global Space Robotics Market, along with a comprehensive market overview, market scope, product offerings, and a survey of the market drivers, growth opportunities, risks, stresses and other vital factors.
Chapter 2 offers an in-depth analysis of key manufacturers engaged in this business vertical along with their sales and revenue estimates.
Chapter 3 details the highly competitive terrain of the market, highlighting the major manufacturers and suppliers.
In Chapter 4, our team has fragmented the market based on regions, highlighting the sales, revenue and market share of each region over the forecast period.
Chapter 5 and 6 emphasized on market segmentation based on product type and application
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 @ https://www.emergenresearch.com/request-for-custumization/1023
𝐑𝐞𝐚𝐝 𝐎𝐮𝐫 𝐓𝐨𝐩 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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𝐀𝐛𝐨𝐮𝐭 𝐄𝐦𝐞𝐫𝐠𝐞𝐧 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting firm with an extensive knowledge base of cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade. With insights market leading edge and an in-depth understanding of key and niche technologies, our solutions answer the questions most relevant to your business needs. A major technological shift has been observed towards the creation of a “circular economy”, fueled by factors such as the increased adoption of bio-based materials, as well as other methods to achieve carbon neutrality. We are proficient in technologies, namely Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT) ), Big Data Analytics, Machine Learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other pervasive and emerging technologies.