Space Robotics Market
Global Space Robotics Market Size, Share & Trends Analysis Report by Service Type (On-orbit Assembly & Manufacturing, Satellite Servicing, De-orbiting Services, Surface Mobility, Launch Support, Re-supply), by Application (Deep Space, Near Space), by End-User (Government, Commercial) Forecast period (2021-2027) Update Available - Forecast 2024-2030
The global space robotics market is anticipated to exhibit significant CAGR of 6.3% during the forecast period (2021-2027). The rise in demand for efficient repair, service, and maintenance of geostationary satellites in extreme conditions of space has driven the demand for autonomous space robots. Europe is making considerable contribution in the advancement of space robotics technology. In July 2021, European Space Agency (ESA) has launched European Robotic Arm (ERA) into space. ERA is the first robot capable of ‘walking’ around the Russian parts of the orbital complex. It can handle components up to 8000 kg with 5 mm precision, and it will transport astronauts from one working site to another. The launch of such robots in space is further driving the growth of the space robotics market.
In January 2021, NASA and the US National Science Foundation (NSF) have signed a memorandum of understanding (MoU) affirming the agencies’ intent to continue their longstanding partnership in mutually beneficial research activities advancing space, Earth, biological, and physical sciences to promote the progress of science. Besides, in October 2019, the Luxembourg Government signed a MoU with NASA to work on space programs jointly. These initiatives are expected to propel the growth of the space robotics market during the forecast period.
Impact of COVID-19 Pandemic on Space Robotics Industry
The COVID-19 pandemic has made negative impact on the growth of the global space robotics market. The delay in satellite launch plans and other activities such as servicing of existing satellites in space by several space agencies across the globe has led to the decline in market value of space robotics in 2019. Moreover, with frequent lockdowns across the globe, backlog of several space projects had been created. However, a strong recovery in the market growth can be expected with the rise in demand for space robots with recovery in situation.
Segmental Outlook
The space robotics market is segmented on the basis of service type, application, and end-user. Based on service type, the space robotics market is segmented into on-orbit assembly & manufacturing, satellite servicing, de-orbiting services, surface mobility, launch support, and re-supply services. Based on application, the space robotics market is segmented into deep space and near space. Based on end-user, the market is segmented into government and commercial.
Near Space held Considerable Share based on Application
Near space held major market share in space robotics market based on application. The high application of space robots in repairing of satellites, assembling of large space telescopes, and deployment of assets in space for scientific exploration is driving the growth of this market segment. The deep space segment is projected to highest CAGR of XX% during the forecast period. The rising utility of space robots in deep space application such as observing, surveying, and extracting extra-terrestrial surfaces is promoting the growth of this market segment.
Global Space Robotics Market Share by Application, 2020 (%)
Regional Outlook
The global space robotics market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in space robotics market. The high demand for space robotic for space exploration activities from prominent establishments such as NASA and the Department of Defense owing to dependency over space resources to empower safety in space operations is a key factor driving the growth of the regional market. Moreover, the presence of key market players across the region is another major factor driving the growth of the regional market.
Global Space robotics Market Growth, by Region 2021-2027
Asia-Pacific will augment With the Significant Growth Rate in the Space robotics Market
Asia-Pacific is projected to showcase highest CAGR of XX% during the forecast period. The rise in funding for space exploration projects across the region is a key factor driving the growth of the regional market. In June 2021, Indian Space Research Organisation (ISRO) has developed the first human spaceflight programme for its ambitious Gaganyaan mission. China has launched the first of its kind robot for asteroid mining in 2020, which has recently completed its 23-days journey and returned to the earth with rocks collected from the Moon’s surface. Such kind of advancement is space robotics across the region are making huge scope for the growth of the region space robotics market during the forecast period.
Market Players Outlook
The major players contributing into the global space robotics market include Altius Space Machines, Inc., Astrobotic Technology, Inc., Effective Space Solutions Ltd., Maxar Technologies, Inc., Motiv Space Systems, Inc., Northrop Grumman Corp., and so on. Product advancement is one of the key strategies of players operating in the market. Mergers & acquisition, collaboration, and partnership among other are some other growth strategies that are being adopted by key players to remain competitive in the global space robotics market.
Recent Development
- In April 2021, Shenzen based Origin Space has launched NEO-01, a robot prototype into low Earth orbit. This prototype is capable of scooping up debris left behind by other spacecraft with a big net.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global space robotics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Space Robotics Industry
• Recovery Scenario of Global Space Robotics Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Impact of COVID on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Space Robotics Market by Service Type
5.1.1. On-orbit Assembly & Manufacturing
5.1.2. Satellite Servicing
5.1.3. De-orbiting Services
5.1.4. Surface Mobility
5.1.5. Launch Support
5.1.6. Re-supply
5.2. Global Space Robotics Market by Application
5.2.1. Deep Space
5.2.2. Near Space
5.3. Global Space Robotics Market by End-User
5.3.1. Government
5.3.2. Commercial
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Airbus SE
7.2. Altius Space Machines, Inc.
7.3. ASIMOV Robotics Pvt Ltd.
7.4. Astrobotic Technology, Inc.
7.5. BluHaptics, Inc. (Olis Robotics)
7.6. Effective Space Solutions Ltd.
7.7. Honeybee Robotics
7.8. Intuitive Machines, LLC
7.9. Made In Space, Inc.
7.10. Maxar Technologies, Inc.
7.11. Metecs, LLC
7.12. Motiv Space Systems, Inc.
7.13. Northrop Grumman Corp.
7.14. Oceaneering International, Inc.
7.15. PIAP Space Sp. Z
1. GLOBAL SPACE ROBOTICS MARKET BY SERVICE TYPE, 2020-2027 ($ MILLION)
2. GLOBAL SPACE ROBOTICS ON-ORBIT ASSEMBLY & MANUFACTURING MARKET BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SPACE ROBOTICS SATELLITE SERVICING MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SPACE ROBOTICS DE-ORBITING SERVICES MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL SPACE ROBOTICS SURFACE MOBILITY MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SPACE ROBOTICS LAUNCH SUPPORT MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL SPACE ROBOTICS RE-LAUNCH MARKET BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL SPACE ROBOTICS MARKET BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL DEEP SPACE MARKET BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL NEAR SPACE MARKET BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL SPACE ROBOTICS MARKET BY END-USER, 2020-2027 ($ MILLION)
12. GLOBAL SPACE ROBOTICS FOR GOVERNMENT MARKET BY REGION,2020-2027 ($ MILLION)
13. GLOBAL SPACE ROBOTICS FOR COMMERCIAL MARKET BY REGION,2020-2027 ($ MILLION)
14. GLOBAL SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. NORTH AMERICAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. NORTH AMERICAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. EUROPEAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
22. EUROPEAN SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. REST OF THE WORLD SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD SPACE ROBOTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SPACE ROBOTICS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SPACE ROBOTICS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL SPACE ROBOTICS MARKET, 2021-2027 (%)
4. GLOBAL SPACE ROBOTICS MARKET SHARE BY SERVICE TYPE, 2020 VS 2027 (%)
5. GLOBAL SPACE ROBOTICS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL SPACE ROBOTICS MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL SPACE ROBOTICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
8. GLOBAL SPACE ROBOTICS ON-ORBIT ASSEMBLY & MANUFACTURING MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL SPACE ROBOTICS SATELLITE SERVICING MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL SPACE ROBOTICS DE-ORBITING SERVICES MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL SPACE ROBOTICS SURFACE MOBILITY MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL SPACE ROBOTICS LAUNCH SUPPORT MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL SPACE ROBOTICS RE-SUPPLY MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL DEEP SPACE MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL NEAR SPACE MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBAL SPACE ROBOTICS FOR GOVERNMENT MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL SPACE ROBOTICS FOR COMMERCIAL MARKET BY REGION, 2020 VS 2027 (%)
18. US SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA MARKET SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
20. UK SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OFASIA-PACIFIC SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF WORLD SPACE ROBOTICS MARKET SIZE, 2020-2027 ($ MILLION)
