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Space Rovers Market by Type (Lunar Surface Exploration, Mars Surface Exploration, and Asteroids Surface Exploration) and Application (Commercial/Mining and Research): Global Opportunity Analysis and Industry Forecast, 2020–2030

A10285
Pages: 232
Feb 2021 | 693 Views
 
Author(s) : Mayank Halmare, Himanshu Joshi , Sonia Mutreja
Tables: 93
Charts: 49
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Space Rovers Market Statistics – 2030

Mars surface exploration the global space rovers market valued $ 431.30 million in 2019, and is projected to reach $ 998.29 million by 2030, registering a CAGR of 9.2%.

The COVID-19 outbreak led to adverse economic situations across the world and especially impacted the high investment industries such as the Space industry. Several space programs across the world had to be delayed owing to the reduction in allotted budgets for the space sector and the disruption in the supply chain of key components. Only a few nations such as China with the launch of Tianwen-1 and the U.S. with the launch of the Mars Exploration Program were able to lift off their space missions amid the pandemic.

Space rover robotic vehicles that are capable to function at the surface of celestial bodies under very high and low temperatures, cosmic rays, and several other distinct conditions from the Earth’s atmosphere.

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These vehicles are generally divided into two categories, namely, fully autonomous rovers, which are capable to operate without real-time assistance from ground control throughout their operations; and non-wheeled rovers, which are capable to utilize rolling, hopping, robotic legs, and other mechanisms instead of wheeled approaches to move. Technological advancements in space rovers, for instance, lightweight robotic arm, improved mobility system, and inertial measurement unit (IMU) have led to enhancement of exploration capability of rovers on the surface of extra-terrestrial objects, consequently increasing opportunities for the space rover market. On February 21, 2021, ISRO announced that it will launch Chandrayaan-3 lunar mission including a lander and a rover in 2022. NASA’s Volatiles Investigating Polar Exploration Rover or VIPER- part of its Commercial Lunar Payload Services (CLPS) program will land at the South Pole of the Moon in late 2023. In January 2020, NASA signed an agreement with Maxar Technologies to build, a cutting-edge robotic arm to be equipped on Restore-L (robotic spacecraft). Maxar Technologies will perform an in-space assembly demo using a light-weighted robotic mechanism. The robotic arm, known as Space Infrastructure Dexterous Robot or SPIDER, is to be fitted with the spacecraft bus the company is manufacturing for NASA’s Restore-L mission that will be used to supply a satellite with fuel orbiting in low Earth orbit (LEO). Such technologies are expected to strengthen the space capabilities for future missions. The program is currently working toward a launch in December 2023. Several other agencies have their space programs lined up in the coming years involving space rovers. Such developments are anticipated to propel the growth of the global space rovers market over the forecast period.

Rise in investments for space explorations across the globe, surge in in investments in space mining, supportive government regulations, and technological advancements in 3D printing technology are anticipated to boost growth of the space rovers market during the forecast period. However, high costs involved in space exploration missions are expected to hinder growth of the market. 

The market segmentation is based on type, application, and region. The type segment is divided into lunar surface exploration, mars surface exploration, and asteroids surface exploration. Depending on application, the market is segmented into commercial/mining, and research. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Infographic for Space Rovers Market

Key players operating in the global space rovers market include Space Applications Services NV/SA, Astrobotic Technology, Inc., Planetary Transportation Systems GmbH, ispace, inc., Maxar Technologies, Motiv Space Systems, Inc., Honeybee Robotics, Northrop Grumman, Toyota Motor Corporation, and Airbus S.A.S.

The report also includes space agencies such as National Aeronautics and Space Administration (NASA), Japan Aerospace Exploration Agency (JAXA), Indian Space Research Organisation (ISRO), Canadian Space Agency (CSA), UAE Space Agency, State Space Corporation ROSCOSMOS (ROSCOSMOS), European Space Agency (ESA), and China National Space Administration (CNSA).

Increase in investments for space explorations across the globe

Space rovers are essential tools for space explorations. These are semi or fully-autonomous devices that are designed to move across the surfaces of planets or other celestial bodies to gather information regarding the terrain to collect samples such as soil, rocks, dust, and liquids. Various countries across the globe have invested in space exploration programs to detect presence of water, valuable elements, and similar materials on planets. Governments in big nations such as the U.S., China, Russia, France, and Japan have funded space projects worth thousands of millions in recent years. For instance, NASA launched its Mars 2020 mission on 30 July 2020, which included the use of Perseverance rover. In addition, China launched their Tianwen-1 on 23 July 2020, which consists of an orbiter, a lander, and a rover. Both these projects are worth millions of dollars. These rovers would help in detecting life on Mars, prospects for preservation of biosignatures within available geological resources, and identification of minerals and different kinds of rocks on the surface of Mars. Moreover, several nations across the globe have planned to deploy space missions involving rovers in the coming years. For instance, Japan Aerospace Exploration Agency (JAXA) is planning to launch the Martian Moons Exploration mission to explore two moons of Mars by 2024. It would include a rover that is being developed by JAXA in partnership with teams at French space agency CNES and German space agency DLR. Moreover, the Indian Space Research Organization (ISRO) is expected to launch Chandrayaan-3, Lunar Polar Exploration Mission, and Mangalyaan 2 mission in the future. 

Growth in investments in space missions involving launch of rovers to analyze terrain and study characteristics of soil and rocks are anticipated to propel growth of the global space rovers market during the forecast period.  

Growth in investments in space mining 

Space offers several opportunities for both public and private sector companies, which are involved in space mining and research. According to Space Foundation, a non-profit organization, the global space economy grew to $423.8 billion in 2019, which verifies increase in developments in the space industry. Mining asteroids for resources such as minerals, fuels, or water is expected to be a reality in the future.

There are many companies such as Planetoid Mines Corporation, NEO Resource Atlas, and Asteroid Mining Corporation Ltd are working on this technology, which could be beneficial for various researches in the future. In line with efforts of Japan’s space agency JAXA to mine valuable elements present in space, the Japanese spacecraft Hayabusa-2 effectively picked up samples from the asteroid Ryugu in 2019, which is around 300 million km from Earth. Moreover, countries such as China and India are planning to mine moon for digging out Helium-3. This isotope has the capability to deliver safer nuclear energy. Moreover, water present in the outer space can be used to make rocket propellants.

Space rovers collect samples of rocks and soil to examine their composition. Information that rovers collect from planets, asteroids, and other celestial bodies forms basis of full-scale mining for future analysis. Rise in initiatives by state-owned and private firms aimed at space mining are anticipated to drive growth of the space rovers market during the forecast period.   

Space Rovers Market
By Type

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Lunar Surface Exploration is projected as the most lucrative segment

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High costs involved in space exploration missions    

Space exploration missions involve huge investments for design, testing, and launch of space equipment. Space vehicles are designed to operate in high temperatures, high pressure regions in space, and have to be equipped with state-of-the-art communication technologies to maintain seamless communication between ground station and space probe. Furthermore, as tools such as robotic arms, sensors, cameras, and solar panels necessitates error-less and robust design to collect physical characteristics and samples on extra-terrestrial bodies, space rovers incur huge costs in their design. In addition, launch vehicles that deploy space rovers in the intended orbits add up to the overall costs involved in a space exploration mission.

Several nations across the world have launched space exploration missions to study composition of surfaces of planets or other extra-terrestrial bodies. Although the explorations helped in understanding the outer space, they incurred huge costs. For instance, NASA's Mars Curiosity mission, which was launched in 2011, amounted to $2.5 billion. Furthermore, NASA launched Mars 2020 mission on 30 July 2020 that carried a perseverance rover and ingenuity helicopter drone. It involved an investment of about 2.7 billion dollars for spacecraft development, launch services, and operations and scientific analysis. Moreover, nations such as the U.S., China, and Japan have backed various space exploration missions in past years, however, owing to large costs associated with these projects, a large number of nations do not invest in space missions, which limits growth of space technologies in under-developed countries globally. The high-cost factor associated with space exploration missions is anticipated to hinder growth of the space rovers market during the forecast period.

Space Rovers Market
By Application

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Commercial/Mining is projected as the most lucrative segment

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Technological advancements in 3D printing technology

The aerospace industry is involved in development, research, and production of aerial vehicles, which include rockets, space crafts, rovers, and landers. Growth in applications of 3D technology in manufacturing spacecraft components could bring down expenses and lead to manufacturing of huge, intricate engine constituents such as combustion chambers. Recent developments in 3D printing technology have made it a potential tool for manufacturing of high endurance and low-weight parts of space-crafts and rovers. For instance, NASA used 3D-printed metal parts for Perseverance Rover for its Mars 2020 mission. The Perseverance rover carries 11 metal components that were 3D printed, five of those 3D printed parts are on its PIXL device, which will be used to assist the rover to search for traces of fossilized microbial life by using X-ray beams. Scientists at Planetary Transportation Systems GmbH, with the support of Audi and a number of scientists and firms from several nations, launched Audi lunar Quattro rover in 2015. It weighs just 30 kg and has the ability to carry 5 kg of extra payload. The low mass of the rover has been accomplished by making use of cutting-edge metal 3D printing techniques. 

All such advancements in 3D printing technology opens up gates for more economical space exploration missions and act as a major factor for growth of the global space rover market. 

Space Rovers Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia Pacific would exhibit the highest CAGR of 10.5% during 2020-2030.

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COVID-19 Impact Analysis 

  • The COVID impact on the space rovers market is unpredictable and it is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced governments across the globe to divert their investments from space programs to strengthen healthcare services to manage spread of the virus. This led to significant delays in space missions in several nations. 
  • Moreover, nationwide lockdowns disrupted supply-chain as several space technology part manufacturers had to partially or fully shut down their operations.
  • The adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of innovative space rovers technologies. 

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global space rovers market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall space rovers market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global space rovers market with a detailed impact analysis.
  • The current space rovers market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Type

  • Lunar Surface Exploration
  • Asteroids surface exploration

By Application

  • Commercial/Mining
  • Research

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Russia
    • Luxembourg
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Space Applications Services NV/SA
  • Astrobotic Technology, Inc.
  • Planetary Transportation Systems GmbH
  • ispace, inc.
  • Maxar Technologies
  • Motiv Space Systems, Inc.
  • Honeybee Robotics
  • Northrop Grumman
  • Toyota Motor Corporation
  • Airbus S.A.S.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2019
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increasing investments for space explorations across the world
3.5.1.2.Rise in investments in space mining

3.5.2.Restraints

3.5.2.1.High costs involved in the space exploration missions
3.5.2.2.High chances of the failure of space exploration projects

3.5.3.Opportunities

3.5.3.1.Supportive government regulations
3.5.3.2.Technological Advancements in 3D printing technology

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreak
3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index
3.6.3.4.Macro-economic Indicators Projections

3.6.4.Impact on space rover Industry

CHAPTER 4:GLOBAL SPACE ROVER MARKET, BY TYPE

4.1.Overview
4.2.Lunar Surface Exploration

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Mars Surface Exploration

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Asteroids Surface Exploration

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:GLOBAL SPACE ROVER MARKET, BY APPLICATION

5.1.Overview
5.2.Commercial/mining

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Research

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:SPACE ROVERS MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Type
6.2.3.Market size and forecast, by Application
6.2.4.Market size and forecast, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by Type
6.2.4.1.2.Market size and forecast, by Application

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by Type
6.2.4.2.2.Market size and forecast, by Application

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Type
6.3.3.Market size and forecast, by Application
6.3.4.Market size and forecast, by country

6.3.4.1.UK

6.3.4.1.1.Market size and forecast, by Type
6.3.4.1.2.Market size and forecast, by Application

6.3.4.2.Germany

6.3.4.2.1.Market size and forecast, by Type
6.3.4.2.2.Market size and forecast, by Application

6.3.4.3.Luxembourg

6.3.4.3.1.Market size and forecast, by Type
6.3.4.3.2.Market size and forecast, by Application

6.3.4.4.Russia

6.3.4.4.1.Market size and forecast, by Type
6.3.4.4.2.Market size and forecast, by Application

6.3.4.5.Rest of Europe

6.3.4.5.1.Market size and forecast, by Type
6.3.4.5.2.Market size and forecast, by Application

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Type
6.4.3.Market size and forecast, by Application
6.4.4.Market size and forecast, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by Type
6.4.4.1.2.Market size and forecast, by Application

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by Type
6.4.4.2.2.Market size and forecast, by Application

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by Type
6.4.4.3.2.Market size and forecast, by Application

6.4.4.4.Rest of Asia-Pacific

6.4.4.4.1.Market size and forecast, by Type
6.4.4.4.2.Market size and forecast, by Application

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Type
6.5.3.Market size and forecast, by Application
6.5.4.Market size and forecast, by country

6.5.4.1.Latin America

6.5.4.1.1.Market size and forecast, by Type
6.5.4.1.2.Market size and forecast, by Application

6.5.4.2.Middle East

6.5.4.2.1.Market size and forecast, by Type
6.5.4.2.2.Market size and forecast, by Application

6.5.4.3.Africa

6.5.4.3.1.Market size and forecast, by Type
6.5.4.3.2.Market size and forecast, by Application

CHAPTER 7:COMPANY PROFILES

7.1.SPACE APPLICATIONS SERVICES NV/SA

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Product portfolio
7.1.4.Key strategic moves and developments

7.2.ASTROBOTIC TECHNOLOGY, INC.

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Product portfolio
7.2.4.Key strategic moves and developments

7.3.PLANETARY TRANSPORTATION SYSTEMS GMBH

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Product portfolio
7.3.4.Key strategic moves and developments

7.4.ISPACE, INC.

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio
7.4.4.Key strategic moves and developments

7.5.MAXAR TECHNOLOGIES

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Operating business segments
7.5.4.Product portfolio
7.5.5.Business performance
7.5.6.Key strategic moves and developments

7.6.MOTIV SPACE SYSTEMS, INC.

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Key strategic moves and developments

7.7.HONEYBEE ROBOTICS

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio

7.8.NORTHROP GRUMMAN

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product portfolio
7.8.5.Business performance
7.8.6.Key strategic moves and developments

7.9.TOYOTA MOTOR CORPORATION

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Product portfolio
7.9.4.Key strategic moves and developments
7.9.5.Business performance

7.10.AIRBUS S.A.S.

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Operating business segments
7.10.4.Product portfolio
7.10.5.Business performance
7.10.6.Key strategic moves and developments

7.11.NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA)

7.11.1.Company overview
7.11.2.Company snapshot
7.11.3.Product portfolio

7.12.JAPAN AEROSPACE EXPLORATION AGENCY (JAXA)

7.12.1.Company overview
7.12.2.Company snapshot
7.12.3.Product portfolio

7.13.INDIAN SPACE RESEARCH ORGANISATION (ISRO)

7.13.1.Company overview
7.13.2.Company snapshot
7.13.3.Product portfolio

7.14.CANADIAN SPACE AGENCY (CSA)

7.14.1.Company overview
7.14.2.Company snapshot
7.14.3.Product portfolio

7.15.UAE SPACE AGENCY

7.15.1.Company overview
7.15.2.Company snapshot
7.15.3.Product portfolio

7.16.STATE SPACE CORPORATION ROSCOSMOS (ROSCOSMOS)

7.16.1.Company overview
7.16.2.Company snapshot
7.16.3.Product portfolio

7.17.EUROPEAN SPACE AGENCY (ESA)

7.17.1.Company overview
7.17.2.Company snapshot
7.17.3.Product portfolio

7.18.CHINA NATIONAL SPACE ADMINISTRATION (CNSA)

7.18.1.Company overview
7.18.2.Company snapshot
7.18.3.Product portfolio

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS
TABLE 02.SPACE ROVER MARKET, BY TYPE, 2019-2030 ($MILLION)
TABLE 03.SPACE ROVER MARKET FOR LUNAR SURFACE EXPLORATION, BY REGION 2019-2030 ($MILLION)
TABLE 04.SPACE ROVER MARKET FOR MARS SURFACE EXPLORATION, BY REGION 2019-2030 ($MILLION)
TABLE 05.SPACE ROVER MARKET FOR ASTEROIDS SURFACE EXPLORATION, BY REGION 2019-2030 ($MILLION)
TABLE 06.SPACE ROVER MARKET, BY APPLICATION, 2019-2030 ($MILLION)
TABLE 07.SPACE ROVER MARKET FOR COMMERCIAL/MINING, BY REGION 2019-2030 ($MILLION)
TABLE 08.SPACE ROVER MARKET FOR RESEARCH, BY REGION 2019-2030 ($MILLION)
TABLE 09.SPACE ROVERS MARKET, BY REGION 2019–2030 ($MILLION)
TABLE 10.NORTH AMERICA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 11.NORTH AMERICA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 12.U.S. SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 13.U.S. SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 14.CANADA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 15.CANADA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 16.EUROPE SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 17.EUROPE SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 18.UK SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 19.UK SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 20.GERMANY SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 21.GERMANY SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 22.LUXEMBOURG SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 23.LUXEMBOURG SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 24.RUSSIA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 25.RUSSIA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 26.REST OF EUROPE SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 27.REST OF EUROPE SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 28.ASIA PACIFIC SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 29.ASIA PACIFIC SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 30.CHINA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 31.CHINA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 32.JAPAN SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 33.JAPAN SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 34.INDIA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 35.INDIA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 36.REST OF ASIA PACIFIC SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 37.REST OF ASIA PACIFIC SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 38.LAMEA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 39.LAMEA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 40.LATIN AMERICA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 41.LATIN AMERICA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 42.MIDDLE EAST SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 43.MIDDLE EAST SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 44.AFRICA SPACE ROVERS MARKET, BY TYPE, 2019–2030 ($MILLION)
TABLE 45.AFRICA SPACE ROVERS MARKET, BY APPLICATION, 2019–2030 ($MILLION)
TABLE 46.SPACE APPLICATIONS SERVICES NV/SA: COMPANY SNAPSHOT
TABLE 47.SPACE APPLICATIONS SERVICES NV/SA SPACE APPLICATIONS SERVICES NV/SA: PRODUCT PORTFOLIO
TABLE 48.SPACE APPLICATIONS SERVICES NV/SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 49.ASTROBOTIC TECHNOLOGY, INC.: COMPANY SNAPSHOT
TABLE 50.ASTROBOTIC TECHNOLOGY, INC.: PRODUCT PORTFOLIO
TABLE 51.ASTROBOTIC TECHNOLOGY, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 52.PLANETARY TRANSPORTATION SYSTEMS GMBH: COMPANY SNAPSHOT
TABLE 53.PLANETARY TRANSPORTATION SYSTEMS GMBH: PRODUCT PORTFOLIO
TABLE 54.PLANETARY TRANSPORTATION SYSTEMS GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 55.ISPACE, INC.: COMPANY SNAPSHOT
TABLE 56.ISPACE, INC.: PRODUCT PORTFOLIO
TABLE 57.ISPACE, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 58.MAXAR TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 59.MAXAR TECHNOLOGIES: OPERATING SEGMENTS
TABLE 60.MAXAR TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 61.MAXAR TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 62.MOTIV SPACE SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 63.MOTIV SPACE SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 64.MOTIV SPACE SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 65.HONEYBEE ROBOTICS: COMPANY SNAPSHOT
TABLE 66.HONEYBEE ROBOTICS: PRODUCT PORTFOLIO
TABLE 67.NORTHROP GRUMMAN: COMPANY SNAPSHOT
TABLE 68.NORTHROP GRUMMAN: OPERATING SEGMENTS
TABLE 69.NORTHROP GRUMMAN: PRODUCT PORTFOLIO
TABLE 70.NORTHROP GRUMMAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 71.TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 72.TOYOTA MOTOR CORPORATION: PRODUCT PORTFOLIO
TABLE 73.TOYOTA MOTOR CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 74.AIRBUS S.A.S.: COMPANY SNAPSHOT
TABLE 75.AIRBUS S.A.S.: OPERATING SEGMENTS
TABLE 76.AIRBUS S.A.S.: PRODUCT PORTFOLIO
TABLE 77.AIRBUS S.A.S.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.NATIONAL AERONAUTICS AND SPACE ADMINISTRATION: COMPANY SNAPSHOT
TABLE 79.NATIONAL AERONAUTICS AND SPACE ADMINISTRATION: SPACE ROVERS
TABLE 80.JAPAN AEROSPACE EXPLORATION AGENCY: COMPANY SNAPSHOT
TABLE 81.JAPAN AEROSPACE EXPLORATION AGENCY (JAXA): SPACE ROVERS
TABLE 82.INDIAN SPACE RESEARCH ORGANISATION: COMPANY SNAPSHOT
TABLE 83.INDIAN SPACE RESEARCH ORGANISATION: SPACE ROVERS
TABLE 84.CANADIAN SPACE AGENCY: COMPANY SNAPSHOT
TABLE 85.CANADIAN SPACE AGENCY: SPACE ROVERS
TABLE 86.UAE SPACE AGENCY: COMPANY SNAPSHOT
TABLE 87.UAE SPACE AGENCY: SPACE ROVERS
TABLE 88.STATE SPACE CORPORATION ROSCOSMOS: COMPANY SNAPSHOT
TABLE 89.STATE SPACE CORPORATION ROSCOSMOS: SPACE ROVERS
TABLE 90.EUROPEAN SPACE AGENCY: COMPANY SNAPSHOT
TABLE 91.EUROPEAN SPACE AGENCY: SPACE ROVERS
TABLE 92.CHINA NATIONAL SPACE ADMINISTRATION: COMPANY SNAPSHOT
TABLE 93.CHINA NATIONAL SPACE ADMINISTRATION (CNSA): SPACE ROVERS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW – TO- MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW -TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.SPACE ROVER MARKET SHARE, BY TYPE, 2019–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SPACE ROVER MARKET FOR LUNAR SURFACE EXPLORATION, BY COUNTRY,  2019 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SPACE ROVER MARKET FOR MARS SURFACE EXPLORATION, BY COUNTRY,  2019 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF SPACE ROVER MARKET FOR ASTEROIDS SURFACE EXPLORATION, BY COUNTRY, 2019 & 2030 (%)
FIGURE 19.SPACE ROVER MARKET SHARE, BY APPLICATION, 2019–2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SPACE ROVER MARKET FOR COMMERCIAL/MINING, BY COUNTRY,  2019 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SPACER ROVER MARKET FOR RESEARCH, BY COUNTRY,  2019 & 2030 (%)
FIGURE 22.SPACE ROVERS MARKET, BY REGION, 2019-2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SPACE ROVERS MARKET, BY COUNTRY, 2019–2030 (%)
FIGURE 24.U.S. SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 25.CANADA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF SPACE ROVERS MARKET, BY COUNTRY, 2019–2030 (%)
FIGURE 27.UK SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 28.GERMANY SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 29.LUXEMBOURG SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 30.RUSSIA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 31.REST OF EUROPE SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF SPACE ROVERS MARKET, BY COUNTRY, 2019–2030 (%)
FIGURE 33.CHINA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 34.JAPAN SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 35.INDIA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 36.REST OF ASIA PACIFIC SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF SPACE ROVERS MARKET, BY COUNTRY, 2019–2030 (%)
FIGURE 38.LATIN AMERICA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 39.MIDDLE EAST SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 40.AFRICA SPACE ROVERS MARKET, 2019–2030 ($MILLION)
FIGURE 41.MAXAR TECHNOLOGIES: REVENUE, 2017–2019 ($MILLION)
FIGURE 42.MAXAR TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 43.MAXAR TECHNOLOGIES: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 44.NORTHROP GRUMMAN: REVENUE, 2017–2019 ($MILLION)
FIGURE 45.NORTHROP GRUMMAN: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 46.NORTHROP GRUMMAN: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 47.AIRBUS S.A.S.: REVENUE, 2017–2019 ($MILLION)
FIGURE 48.AIRBUS S.A.S.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 49.AIRBUS S.A.S.: REVENUE SHARE BY REGION, 2019 (%)

 
 

The global space rovers market is expected to witness significant growth during the forecast period, owing to rise in demand for space rovers for space exploration and commercial space mining applications.

Rise in investments for space explorations across the globe and surge in investments in space mining are expected to drive growth of the global space rovers market. However, factors such as the high costs involved in space exploration missions and high chances of failure of space exploration projects are expected to restrain growth of the market during the forecast period. Furthermore, supportive government regulations are expected to offer potential opportunities for the global space rovers market during the forecast period.

Space rovers are designed considering harsh environment of extraterrestrial bodies. They are equipped with carefully designed and tested equipment such as cameras, highly-accurate sensors, and robotic arms. They are employed to examine rocks, soil, and other entities present on planet surfaces and collect samples for its study on Earth. These studies conducted by space rovers form the basis of human space missions to conduct further studies regarding habitability of  planets and other space entities. 

Superior communication technologies have enabled faster transmission of signals between rovers and ground staff. In addition, rise in technological developments and increase in participation of private players in space exploration missions offer numerous opportunities for growth of the space rovers market. According to a key executive of an space rover industry, rise in investments by several space agencies and trend of partnerships between space agencies regarding space exploration missions are anticipated to drive growth of the global space rovers market in the coming years. 

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to grow with a significant CAGR during the forecast period, owing to the flourishing automotive space industry in prominent countries, such as China Japan, and India, which are globally acknowledged for their space capabilities.
 

 
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A. The global space rovers market valued at $ 431.30 million in 2019, and is projected to reach $ 998.29 million by 2030, registering a CAGR of 9.2% from 2020 to 2030.

A. Increased collaboration between different space agencies. The use of Artificial Intelligence and Machine Learning tools to enhance the autonomous capabilities of the rovers.

A. The report sample for global space rovers market report can be obtained on demand from the website.

A. Product Launch, Agreement, Contract, Partnership, Product Development, and Investment are the top most competitive developments which are adopted by the leading market players in the global space rovers market

A. The manufacturing and supply-chain regarding the space rovers is expected to bounce back amid the lifting lockdown measures and the consequent resuming of space technology activities across the globe

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the space rovers market analysis, North America region accounted for the highest revenue contributor in 2019 whereas Asia Pacific region is expected to see lucrative business opportunities during the forecast period

A. By application, the commercial/mining segment is expected to gain traction over the forecast period

A. The U.S and China has are key matured markets growing in the global space rovers market

A. The demand for superior communication equipment; and increasing involvement of private players

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