Space Robotic Solution Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

The Space Robotic Solution Market is projected to grow at a significant CAGR during the forecast period. The demand for efficient service, repair, and maintenance of geostationary satellites is increasing the demand for space robotics. The prime factors that are bolstering the demand for space robotic solutions are the need for cost-effectiveness, the ability to perform in the extreme space environment, and better productivity. Moreover, the lunar surface innovation initiative, on-orbit manufacturing and assembly in International Space Station (ISS), and increasing use of robotics technology in space projects demand a sophisticated robotic system.

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Some of the prominent players in the international space robotic solution market include Astrobotic Technology Inc., Altius Space, Honeybee Robotics, Maxar Technology, and Oceaneering International Inc. Corporate landscape in the market is changing rapidly and commercial enterprises are developing the means for space exploration which also includes space tourism by Blue Origin. As a result, many public firms such as NASA, ISRO, and ESA are collaborating with private firms for sharing space technology. Hence, demand for debris removal and servicing of satellites is growing which is driving the space robotic solution market.
Space Robotic Solution Market- Segmentation

By Organization Type

• Commercial
• Government

By Solution

• Remotely Operated Vehicles (ROV)
• Remote Manipulator System (RMS)
• Software
• Services

By Application

Deep Space

• Space Transportation
• Space Exploration
• Others

Near Space

• Space Transportation
• Space Exploration
• In-space Maintenance
• Others

Ground

Segment by Region

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific

Rest of the World

• South America
• Middle East
• Africa

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Space Robotic Solution Market Report

• What was the Space Robotic Solution Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Space Robotic Solution Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Space Robotic Solution Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.