A07165 | Pages: NA | Jul 2022 | 2787 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Space Robotics Market
Request Now !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 robots are expected to carry out the future of deep space exploration.Â
Market scope and structure analysis:
           Report Metric |                     Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Solution, Application, End User, and Region |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | Altius Space., Northrop Grumman Corporation., Maxar Technologies, Motiv Space Systems Inc., Honeybee Robotics., ASTROBOTIC, Made in Space, Effective Space Solutions Limited., Space Applications Services, and iSpace |
Â
Need for continuous maintenance & servicing of the existing satellites, inflowing government investments, and increase in number of space research & exploration projects across the globe are the factors which drive the space robotics market. However, regulatory implementations by several space regulatory authorities is expected to limit the growth of the space robotics market. Furthermore, rise in investments in private companies of space robotics is expected to boost the growth of the market further.
Several private companies are gaining high investments for their space projects. For instance, Zero 2 infinity has received investment of 1.3 million USD from Crowdcube in 2018. Such rise in investment in private companies will contribute positively in the growth of space robotics market.
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, and ultra-vacuum. Due to such harsh environment, satellites require maintenance frequently. To meet the maintenance and other requirements such as repairing and servicing of existing satellites are creating the significant demand in the space robotics market.
Key segments covered:
       Segments |                 Sub-segments |
 Solution |
|
 Application |
|
 End User |
|
Â
Key benefits of the report:
Questions answered in the space robotics market research report:
Key Market Segments
Segments | Sub-segments |
---|---|
By Solution |
|
By Application |
|
By End User |
|
By Region |
|
Key Market Players
Loading Table Of Content...
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers