Robotic Arm For Space Market Expected to Achieve 14.2% CAGR by 2029: Growth Forecast Insights

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How Large Will the Robotic Arm For Space Market Size By 2025?
The market size of the robotic arm for space has experienced rapid growth in past years. It's expected to expand from $3.61 billion in 2024, to $4.14 billion in 2025, constituting a compound annual growth rate (CAGR) of 14.5%. This growth, observed in the historical period, can be linked to factors such as the rise in investments in robotic technologies by government space agencies, increasing need for satellite servicing and maintenance in orbit, a surge in global space missions that necessitate robotic assistance, growing collaboration between defense and space sectors on advanced robotics, along with improvements in autonomy and remote operations in previous space programs.

How Big Is the Robotic Arm For Space Market Size Expected to Grow by 2029?
In the coming years, the market size for space robotic arm is projected to experience fast-paced expansion, reaching $7.03 billion by 2029 with a compound annual growth rate (CAGR) of 14.2%. The forecasted period's growth is linked to factors such as escalating demand for satellite deployment and upkeep, increased investments in commercial space endeavors and space research, surging adoption of self-governed robotic systems for complex space activities, mounting government funding and encouragement for space robotics technology, and rising necessities for on-orbit servicing and planetary exploration robotics. The forecasted period will also likely see trends like progress in artificial intelligence and automation assimilation, creation of flexible and adaptable robotic systems, breakthroughs in self-reliant and AI-guided decision-making, advancement in downsizing and efficiency, as well as developments that focus on interplanetary exploration and on-orbit servicing needs.

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Which Key Market Drivers Powering Robotic Arm For Space Market Expansion and Growth?
The market's growth is being propelled by a rise in satellite launches, which is driven by an escalating demand for accurate satellite deployment and global communication networks.

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What Are the Key Trends Driving Robotic Arm For Space Market Growth?
In the realm of the space robotic arm market, several significant companies are focusing on emerging technologies like in-space servicing, assembly, and manufacturing (ISAM) to augment satellite upkeep, prolong spacecraft lifetimes, facilitate in-orbit structural assembly and foster autonomous space operations. ISAM is associated with the utilization of autonomous and robotic systems to carry out maintenance, assembly, replication, and direct spacecraft or structures production in orbit. To illustrate, GITAI USA Inc., a startup specializing in space robotics from the U.S., launched its autonomous dual robotic arm system, S2, which measures 1.5 meters long, on SpaceX's Falcon 9 NG-20 mission to the ISS in January 2024. The robotic arm, engineered for satellite servicing, orbital assembly, in-orbit manufacturing and other in-space activities, comes with a unique tool changer and is expected to undertake maintenance, inspection and satellite lifespan extending assignments. This represents a substantial advancement in autonomous space robotics.

What Are the Emerging Segments in the Robotic Arm For Space Market?
The robotic arm for space market covered in this report is segmented

1) By Type: Articulated, Selective Compliance Articulated Robot Arm, Cartesian, Cylindrical, Polar, Others Types
2) By Payload Capacity: Low, Medium, High
3) By Application: Satellite Servicing, Space Station Maintenance, Cargo Handling, Assembly, Others Applications
4) By End-User: Government Space Agencies, Commercial Space Companies, Research Institutes, Others End-Users

Subsegments:

1) By Cylindrical: Vertical Cylindrical, Horizontal Cylindrical, Rotational Cylindrical
2) By Polar: Spherical, Revolute, Radial
3) By Others Types: Selective Compliance Assembly Robot Arm, Delta, Hybrid

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Who Are the Global Leaders in the Robotic Arm For Space Market?
Major companies operating in the robotic arm for space market are Airbus SE, Leonardo S.p.A., Kawasaki Heavy Industries Ltd., Blue Origin LLC, Oceaneering International Inc., SENER Grupo De Ingeniería S.A., Sierra Nevada Corporation, MDA Space Ltd., GITAI Inc., ClearSpace SA, Space Applications Services NV/SA, Astrobotic Technology Inc., Novium Inc., Motiv Space Systems Inc., Lunar Outpost Inc., PIAP Space Sp. z o.o., China Academy Of Space Technology (CAST), Rovial Space Inc., Astrabionics Inc., Lodestar Space Ltd.

Which are the Top Profitable Regional Markets for the Robotic Arm For Space Industry?
North America was the largest region in the robotic arm for space market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in robotic arm for space report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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