Global Space Robots Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Rovers/Spacecraft Landers, Space Probes, Robotic Servicing Vehicles, Gripping and Docking Systems, Robotic Arms/Manipulator Systems and Other Products.

By Type;

Deep Space and Near Space.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn487656281 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Space Robots Market (USD Million), 2020 - 2030

In the year 2023, the Global Space Robots Market was valued at USD 4,641.00 million. The size of this market is expected to increase to USD 8,130.81 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.

The global space robots market is witnessing significant growth, driven by the increasing demand for unmanned exploration missions, satellite servicing, and space infrastructure development. Space robots play a critical role in extending human capabilities beyond Earth's atmosphere, performing tasks such as satellite deployment, maintenance, and repair, as well as planetary exploration and sample collection. With advancements in robotics technology and the growing commercialization of space activities, the market for space robots is experiencing rapid expansion, offering new opportunities for innovation and collaboration across industries.

One of the primary drivers behind the growth of the global space robots market is the rising interest in space exploration by government space agencies, private companies, and research institutions. With missions to the Moon, Mars, and beyond gaining momentum, there is a growing need for advanced robotic systems capable of operating in harsh extraterrestrial environments and assisting in scientific research and exploration. Space robots enable tasks such as terrain mapping, sample collection, and habitat construction to be performed autonomously or teleoperated from Earth, reducing the risks and costs associated with crewed space missions.

Moreover, the commercialization of space activities is driving investment and innovation in the space robots market, as companies seek to capitalize on opportunities in satellite servicing, space tourism, and lunar resource utilization. Private space companies are developing robotic platforms for tasks such as satellite deployment, debris removal, and lunar exploration, while also exploring new business models and revenue streams in space-based industries. Collaborations between government agencies and private enterprises further fuel advancements in space robotics technology, paving the way for new capabilities and applications in the evolving space economy. As the demand for space robots continues to grow, the global market is poised for further expansion and diversification, offering new avenues for exploration, discovery, and commercialization beyond Earth's orbit.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Type
    3. Market Snapshot, By Region
  4. Global Space Robots Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Interest in Space Exploration
        2. Advancements in Robotics Technology
        3. Commercialization of Space Activities
      2. Restraints
        1. High Development and Deployment Costs
        2. Technological Challenges in Space Environments
        3. Regulatory and Safety Concerns
      3. Opportunities
        1. Satellite Servicing and Maintenance
        2. Planetary Exploration Missions
        3. Expansion of Commercial Space Activities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Space Robots Market, By Product, 2022 - 2032 (USD Million)
      1. Rovers/Spacecraft Landers
      2. Space Probes
      3. Robotic Servicing Vehicles
      4. Gripping and Docking Systems
      5. Robotic Arms/Manipulator Systems
      6. Other Products
    2. Global Space Robots Market, By Type, 2022 - 2032 (USD Million)
      1. Deep Space
      2. Near Space
    3. Global Space Robots Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competiitve Landscape
    1. Company Profiles
      1. Northrop Grumman Corporation
      2. Lockheed Martin Corporation
      3. MDA Corporation
      4. ASTROBOTIC
      5. BluHaptics Inc
      6. Effective Space Solutions Limited
      7. Honeybee Robotics
      8. Made in Space
      9. Metecs LLC
      10. Motiv Space Systems Inc
      11. Space Applications Services
  7. Analyst Views
  8. Future Outlook of the Market

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