AI in Space Exploration Market to Expand Significantly by 2024| Orbital ATK, DARPA, Neurala, Descartes Labs

The latest study released on the global 'AI in Space Exploration' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'AI in Space Exploration' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Orbital ATK (A Northrop Grumman Company) (United States), DARPA (United States), Neurala (United States) , Descartes Labs (United States), KittyHawk (United States) , Iris Automation, Inc. (United States) , Flyby Nav (United States), PrecisionHawk (United States) , Pilot.ai (United States), MRX Global Holding Corp. (United States) ,
Although astronauts are trained physically and psychologically to deal with extreme space situations, living in a confined space with no gravity could sometimes be stressful and could hamper their decision-making processes. This is where artificial intelligence is coming into the picture. Several years after the first moon landing, experts are now looking at emerging technologies to understand the space exploration a little better. With recent breakthroughs and discoveries, AI has been showing immense potential in space exploration, such as global navigation, earth observation, and communications to and fro. Historically, machine learning algorithms have been used in monitoring the spacecraft, autonomous navigation of the spacecraft, controlling systems, and intelligently detecting objects in the route. And now, in a bid to help astronauts, AI-based assistants are being created to aid astronauts in their missions to Mars and beyond. These assistants are designed to understand and predict the requirements of the crew and comprehend astronauts’ emotions and their mental health.

In 2018, NASA awarded USD 330,000 as a research grant to a team to develop an AI to guide the ships in the space amid the debris. This autonomous navigation used Ethereum blockchain technology to create a “decentralised, secure, and cognitive networking, and computing infrastructure for deep space exploration.” Alongside, NASA has developed an AI upgrade " AEGIS (Autonomous Exploration for Gathering Increased Science), which helped in automating the laser-firing capabilities of the rover. With an increased pace in data collection, a trained AI system is a perfect match to monitor the spacecraft as well as reduce the downtime and possible risks.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in AI in Space Exploration Market various segments and emerging territory.

Influencing Market Trend
• The Increasing the Level of the Autonomy and Automation in the Space Exploration
Market Drivers
• The Growing Numbers of Space Missions across the Globe Boosting the Demand for the AI Technology
• Space Exploration Gives Rise to Humongous Amounts of Data That Cannot Be Analyzed Through Human Intelligence
• The Capability of AI Technology to Make Decisions without Specific Commands from the Mission Control
Opportunities:
• The Technology of Artificial Intelligence Is Showing Clear Potential in Exploring the Interstellar Space with Innovative Machines and Projects

Analysis by Type (Robotic arms, Rovers, Space probes, Others), Application (Remote sensing and monitoring, Communications, Robotics, Data analytics, Reusable launch and manned vehicles, Asteroid mining, Remote missions), End Users (Government, Commercial), Function of Technique (Foundational Layer, Behavioral Layer, Sensory Layer, Cognitive Layer, Combination)

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The regional analysis of Global AI in Space Exploration Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

On 24 Sept 2019, Spacebit announced at The UK Space Conference 2019 their signing of a joint agreement with Astrobotic to begin commercial and scientific lunar exploration with the first mission in 2021 on the Peregrine lunar lander. Astrobotic’s Peregrine lunar lander will be launched on a Vulcan Centaur rocket from Space Launch Complex-41 at Cape Canaveral Air Force Station in Florida. The launch will carry the first lunar lander from American soil since Apollo.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/130328-global-ai-in-space-exploration-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global AI in Space Exploration market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global AI in Space Exploration market.

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This release was published on openPR.