Space Robotics Market 2021 Key Data Points Mapped for Industry Professionals - Altius Space, Astrobotic Technology, Inc., BluHaptics, Inc.
Space robots are specially designed for space missions and exploration activities. They are capable of withstanding extreme space condition and can perform activities such as assembly, maintenance, and repair of spatial satellites, among others. There are two major types of space robots such as remotely operated vehicles (ROV) and remote manipulator system (RMS). These robots expand the capabilities of astronauts in space by providing them greater handling capacity.
Access Full Description of this report at:-
Top Companies: Altius Space, Astrobotic Technology, Inc., BluHaptics, Inc. (Olis Robotics), Honeybee Robotics, Intuitive Machines, LLC, Maxar Technologies, Metecs, LLC, Motiv Space Systems, Inc., Northrop Grumman Corp. and Oceaneering International, Inc. and others.
Market Dynamics and Trends:
Increase in number of space research & exploration projects, need for proper maintenance and servicing of existing satellites, and on-orbit assembly are the factors driving the demand for space robotics market. Space robots are used for successful execution of space programs, such as on-orbit manufacturing in the International Space Station (ISS) and lunar surface innovation initiative by National Aeronautics and Space Administration (NASA). Also, huge investments by private companies as well as by government organizations are fuelling the growth of space robotics market. For instance, the European Space Agency (ESA) has been preparing technology roadmaps in space robotics by funding multiple projects, such as PERASPERA and SpacePlan 2020. The PERASPERA project aims to develop a comprehensive master plan for space robotics within 2023-2024 timeframe. Similarly, NASA has been working on its space technology roadmap to 2035 and identified several robotics areas for the same.
However, high initial & maintenance cost, and limited technological know-how are factors expected to restrain the space robotics market growth to some extent. On the contrary, technological developments and rise in the use of autonomous systems in space are expected to create ample growth opportunities for the market in the coming years.
Request sample copy of this report at:-
Market Segmentations and Scope of the Study:
The space robotics market is segmented on the basis of solution, application, organization type, and geography. Based on solution, the market has been segmented into Remotely operated vehicle, remote manipulator system, software and services. Based on application, the space robotics market has been segmented into deep space, near space and ground. Based on organization type, the market has been segmented into government and commercial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia Pacific, and Rest of the World.
North America holds the lion share of space robotics market during the forecast period. This is attributed to factors such as increasing number of space activities by organizations such as NASA, CSA and the U.S. Department of Defence. In order to successfully execute space exploration programs, these organizations are investing heavily in R&D and technology enhancements. For instance, in July 2021, Intuitive Machines bagged a contract from NASA to develop a mini extreme mobility lunar vehicle that would hop around the Moon’s surface and take pictures inside craters on the lunar South Pole.
However, Asia-Pacific is expected to show a steady rise in the space robotic market due to increased investments by countries such as China and India. Also, government agencies as well as private firms in these countries operate various communications, earth observation, and navigational satellites, which in turn is expected to propel the market growth. Moreover, space programs, such as Chang'e 7 robotic lunar exploration mission by China and Chandrayaan-3 by India, are expected to contribute towards the growth of space robotics market in this region.
Phone Number: +1-217-650-7991
About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Space Robotics Market 2021 Key Data Points Mapped for Industry Professionals - Altius Space, Astrobotic Technology, Inc., BluHaptics, Inc. here
News-ID: 2428359 • Views: 377
More Releases from Next Move Strategy Consulting
Flexible Display Market Business Overview, Demand and Industrial Trends by Leadi …
The Global Flexible Display Market size is estimated to be USD 10.61 billion in 2019 and is predicted to reach USD 246.42 billion by 2030 with a CAGR of 33.1% from 2020-2030. Flexible Display is unbreakable, thin, flexible and rollable display which helps to overcome the drawbacks with traditional display such as heavy weight, size and others. It has a wide application and can e used in television, watches, mobile
Semiconductor Capital Equipment Market Global Size, Growth, Trends and Demand wi …
The Global Semiconductor Capital Equipment Market size is estimated to be USD 18.03 billion in 2019 and is predicted to reach USD 35.31 billion by 2030 with a CAGR of 6.3% from 2020-2030. Semiconductor Capital Equipment is the industry involved in the manufacturing of component and devices used in the manufacturing of electronic appliances. The market is segmented to front end and back end, Front end is completely involved in
Commercial Baking Equipment Market Global Demand, Trends and Sales Revenue 2021- …
The Global Commercial Baking Equipment Market size is estimated to be USD 2.17 billion in 2019 and is predicted to reach USD 3.63 billion by 2030 with a CAGR of 4.8% from 2020-2030. The commercial baking industry includes equipment such as mixers, ovens, dough proofer, bake wares, small wares, dough sheeter, bread slicer, sheet pan racks, and many more. They are used in many commercial areas of food service industry.
Cornmeal Market Competitive Analysis 2021 – Archer Daniels Midland, Bunge, Gru …
The Global Cornmeal Market size is estimated to be USD 686.0 million in 2019 and is predicted to reach USD 1023.0 million by 2030 with a CAGR of 3.7% from 2020-2030. Cornmeal is a type of meal made from grounding of dried corn. Corn is also known as maize. Cornmeal can be grounded into various forms like fine, medium and coarse form. It is not comparable to wheat flour which
More Releases for Space
Open Office space in Chennai | virtual office space in Chennai
Now you can work peacefully from your dream work space, with all the facilities you need to run an office, we will take care of the process of maintaining and supporting the needs for your office, so that you can put cent percent effort and focus on your business, Co working space is a smart people’s choice. Start-up or an big empire, work is the first priority, we
Space and Space Station Robotics Market May Set New Growth Story | Made In Space …
HTF Market Intelligence released a new research Study of 86 pages on title 'Space and Space Station Robotics Market - Global Industry Analysis & Forecast US$ Million, 2019 – 2025' with in-depth analysis, forecast and business moves. The study covers key regions and important players such as Maxar Technologies, Motiv Space Systems, Altius Space Machines, Northrop Grumman, Honeybee Robotics, Astrobotic Technology, Made In Space, Inc., Effective Space Solutions Limited. Request
Space Saving Furniture
Space Saving Furniture to the Rescue Our modern take on classic furniture design transforming the way homeowners look at furnishing small spaces! With the rise of micro-living and a greater focus on sustainability, the demand for multi-functional, durable, space saving furniture has never been higher! From tiny homes, condos, micro apartments, and everything in between, people are looking for a furniture solution that provides the most enjoyment and livability out
Small Satellite Market | Thales Alenia Space, Space Exploration Technologies Cor …
Global Small Satellite Market: Snapshot The market for small satellite has been gaining significant traction across the world, thanks to the technological advancements. This report analyzes and forecasts the market for small satellite at the global and regional level. The market has been forecast based on volume (kilo tons) and value (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the
What is Coworking Space?
Suddenly, we are hearing about coworking spaces popping up in every corner of the city. But, what are these spaces? Why are they getting so popular? Why are people preferring coworking spaces over conventional serviced offices? Read this article to find out. Coworking space is a workspace or office designed for workers who operate in self directed, collaborative, flexible and voluntary work styles. They enable multiple companies to operate out of
Space Technology for Sparkasse Dillenburg
Darmstadt, 27 November 2013 Customers of the Sparkasse Dillenburg (Region of Hesse, Germany) can look forward to a new mobile branch office, which will be operational end of this year. The space company Telespazio VEGA Deutschland, a subsidiary of Telespazio (a Finmeccanica/Thales company) will provide the satellite connection between the mobile bank and the main office. The catchment area of the Sparkasse Dillenburg covers many small villages and communities which do