IMARC Group has recently released a new research study titled “Space Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global space robotics market trends, size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market is expected to exhibit a growth rate (CAGR) of 4.9% during 2023-2028.

Industry Definition and Application:

Space robotics refers to the development and use of robots for space exploration and other related activities, such as satellite servicing and maintenance, asteroid mining, and planetary exploration. Space robotics is an emerging field that combines advanced robotics, artificial intelligence (AI), and space technology to operate in space. Space robotics are used for a variety of applications including space exploration, satellite servicing, maintenance and repair, and manufacturing.

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What are the growth prospects and trends in the space robotics industry?

The increasing demand for space exploration missions represent one of the key factors driving the market growth. Moreover, the rising need for satellite servicing and maintenance, along with the increasing demand for autonomous systems in space is contributing to the market growth. In addition to this, extensive investments in the field of science and engineering by both the governmental and non-governmental organizations are driving the market toward growth. The market is also being driven by the increasing need for satellite-based services and a significant need for efficient repair, servicing, and maintenance of geostationary satellites. Expansion in the robotics industry is acting as another major growth-inducing factor. Other factors, such as significant technological advancements and extensive research and development (R&D) activities, are creating a positive outlook for the market further across the globe.

Competitive Landscape With Key Players:

The competitive landscape of the space robotics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Altius Space Machines (Voyager Space Holdings Inc.)

  • Astrobotic Technology Inc.

  • GITAI Inc.

  • Honeybee Robotics (Ensign-Bickford Industries)

  • Intuitive Machines LLC

  • Made In Space Inc. (Redwire LLC)

  • Maxar Technologies Inc

  • Metecs LLC

  • Motiv Space Systems Inc.

  • Northrop Grumman Corporation

  • Oceaneering International Inc.

  • Olis Robotics

Key Market Segmentation:

The report has segmented the global space robotics market based on solution, application, end use and region.

Breakup by Solution:

  • Remotely Operated Vehicles (ROV)

    • Rovers/Spacecraft Landers

    • Space Probes

    • Others

  • Remote Manipulator System (RMS)

    • Robotic Arms/Manipulator Systems

    • Gripping and Docking Systems

    • Others

  • Software

  • Services

Breakup by Application:

  • Deep Space

    • Space Transportation

    • Space Exploration

    • Others

  • Near Space

    • Space Transportation

    • Space Transportation

    • In-Space Maintenance

    • Others

  • Ground

Breakup by End Use:

  • Commercial

  • Government

Breakup by Region:

  • North America

  • Asia-Pacific

  • Europe

  • Latin America

  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)

  • Market Outlook (2023-2028)

  • Market Trends

  • Market Drivers and Success Factors

  • Impact of COVID-19

  • Value Chain Analysis

  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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