Press release
Space Robotics Global Market Report 2025: Industry Expansion At A CAGR Of 7.1% From 2024 to 2025
Space Robotics Market
What Is The Projected Market Size Of The Global Space Robotics Global Market Report 2025 And Its Growth Rate?
The global space robotics market is set for solid growth in the coming years:
• Recent strong growth sees the market value rise from $4.84 billion in 2024 to $5.18 billion in 2025, a compound annual growth rate (CAGR) of 7.1%.
• The market size is forecasted to reach $7.06 billion in 2029, growing at a CAGR of 8.0%.
• This substantial growth can be attributed to increased space exploration missions, growth of the commercial space industry, space mining opportunities, satellite constellations deployment, and planetary colonization initiatives.
What Is Driving The Growth In The Space Robotics Global Market Report 2025?
Increased investments in space missions are expected to fuel the propulsion of the space robotics market. The increasing capital directed toward space exploration and development is leading to more substantial investments in space robotics, driving technological advances. In May 2023, the European Space Policy Institute reported that European space startups received a record investment of $1.2 billion in 2022, a 23% increase from the previous year. As a result, the surge in space mission investments is driving the growth of the space robotics market.
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Who Are the Key Players Driving Space Robotics Global Market Report 2025 Growth?
• Northrop Grumman Corporation
• Altius Space Machines Inc.
• Astrobotic Technology Inc.
• Honeybee Robotics Ltd.
• Maxar Technologies Inc.
• Motiv Space Systems Inc.
• Oceaneering International Inc.
• Olis Robotics
• Intuitive Machines LLC
• Effective Space Solutions Ltd.
• Stinger Ghaffarian Technologies Inc. (SGT)
• GITAI Inc.
• Ispace Inc.
• Lockheed Martin Corporation
• ABB Ltd.
• NVIDIA Corporation
• Blue Origin LLC
• Boeing Company
• Space Exploration Technologies Corp. (SpaceX)
• IHI Corporation
What Are The Key Trends In The Space Robotics Global Market Report 2025?
Key trends pointing to a promising future in the space robotics market include:
• Miniaturization and efficiency improvements
• Increased integration of AI and autonomy
• Development of modular and adaptable systems
• Growing focus on interplanetary exploration
• Rising demand for on-orbit services
What Are The Segments Of The Global Space Robotics Global Market Report 2025?
The space robotics market is segmented by:
• Solution: Remotely Operated Vehicles, Remote Manipulator System, Software, Services
• Application: Deep Space, Near Space, Ground
• End-User: Commercial, Government
Which Region Leads The Space Robotics Global Market Report 2025?
North America was the largest region in the space robotics market in 2024. Asia-Pacific, however, is expected to emerge as the fastest-growing region in the forecast period. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Space Robotics Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Space Robotics Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Space Robotics Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Space Robotics Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Space Robotics Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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