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Space robots are self-controlled device consisting of mechanical, electrical, and electronic components, which can function in place of a living agent. Space robots are capable of surviving harsh environment of space and can perform functions such as construction, maintenance, exploration, servicing of spatial satellites, etc. Remotely operated vehicles (ROV) and remote manipulator system (RMS) are the two major types of space robots. 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 robotics possesses features such as mobility (can move quickly & accurately between two points without collision), manipulation (using arms to contact worksite elements safely, accurately without accidently contact unintended objects), time delay (allowing a distant human to effectively command the robot to do useful work), and environments (able to operate despite intense heat or cold).
COVID-19 Scenario analysis:
Need for continuous maintenance & servicing of the existing satellites, inflowing government investments, and increasing number of space research & exploration projects across the globe are the factors which drive the near space robotics market. However, regulatory implementations by several space regulatory authorities is expected to limit the growth of the near space robotics market. Contrarily, rising investments in private companies of space robotics is expected to boost the growth of the market further.
Satellites tends to breakdown & requires maintenance when exposed to harsh environment of space. Moreover, in space, satellites are subjected to face varying temperatures, high radiation, ultra-vacuum, etc. Due to such harsh environment, satellites require maintenance frequently. Hence, to meet the maintenance and other requirements such as repairing and servicing of existing satellites, near space robotics demand has been increasing and thereby driving the growth of the near space robotics market.
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Questions answered in the near space robotics market research report:
Near Space Robotics Market Report Highlights
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Key Market Players | Motiv Space Systems Inc., Made In Space, Maxar Technologies, ASTROBOTIC, Space Applications Services, Effective Space Solutions Limited., iSpace, Northrop Grumman Corporation, Altius Space., Honeybee Robotics |
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