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Space Robotics Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031

08-13-2024 04:28 PM CET | Aerospace & Defense

Press release from: Orion Market Research

Space Robotics Market

Space Robotics Market

The global space robotics market is anticipated to exhibit considerable CAGR of 6.3% during the forecast period (2024-2031). Robotics and autonomous systems play an instrumental role in the space exploration missions owing to their ability to perform in extreme harsh condition of space. Therefore, the significant rise in the funding for various space robotics programs is a key factor driving the growth of the global space robotics market. Several national space agencies such as The National Aeronautics and Space Administration (NASA) in the US, The European Space Agency, The Japan Aerospace Exploration Agency (JAXA), Roscosmos State Corp. for Space Activities in Russia, China National Space Administration, and The Indian Space Research Organisation have made significant funding to launch several robotics programs.

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For instance, the JAXA has launched the second Kibo Robot Programming Challenge (KRPC) in March 2021. In the challenge, the students are allowed to program free-flying robots such as Astrobee and Int-Ball in the International Space Station (ISS) to solve different problems. The goal is to allow scientists on the ground to capture images and video remotely using a robot that can travel around in space autonomously and capture both moving and still imagery. Robots are programmed to perform tasks such as taking inventory, filming astronaut experiments with built-in cameras, and collaborating to carry cargo around the station. The frequent launch of such projects is anticipated to drive the growth of the space robotics market during the forecast period.

Full report of Space Robotics Market available @ https://www.omrglobal.com/industry-reports/space-robotics-market

Market Coverage

Segment Covered-
o By Service Type

o By Application

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Altius Space Machines, Inc., Astrobotic Technology, Inc., Effective Space Solutions Ltd., Maxar Technologies, Inc., Motiv Space Systems, Inc., Northrop Grumman Corp.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Space Robotics Market Report Segment

By Service Type

On-orbit Assembly & Manufacturing
Satellite Servicing
De-orbiting Services
Surface Mobility
Launch Support
Re-supply

By Application

Deep Space
Near Space

By End-User

Government
Commercial


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/space-robotics-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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