Space Robotics Market Size By Component (Hardware [Rovers/Landers, Probes, Arms/Manipulator Systems], Software, Services), By Application (Deep Space, Near Space), By End-Use (Commercial, Government) & Global Forecast, 2023-2032

Industry Statistics

Global Space Robotics Market size exceeded USD 3 billion in 2022 and is expected to witness over 9% CAGR from 2023 to 2032. The market growth is driven by rising government focus on space exploration and related projects.
 

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Several global superpowers such as the U.S., Europe, China, and India, are increasingly investing in space exploration initiatives, fostering a strong demand for advanced robotics that can operate in space. Recently, NASA, the U.S. government space agency, teamed up with California-based aerospace firm, Motiv Space Systems, to develop a novel robotic arm that can operate in the frigid temperatures of space and the moon. Innovated as a part of NASA’s upcoming Artemis mission, the arm, called Cold Operable Lunar Deployable Arm (COLDArm), can operate in temperatures as low as -173° C with no internal heating system.
 

High initial investment by limiting new players may hinder the space robotics market growth

Designing and developing space robotics requires a robust manufacturing set-up in addition to an immense amount of capital, which acts as a significant barrier for new participants trying to enter the field. Companies attempting to enter the field need substantial resources and expansive facilities to effectively conduct product design, development, and testing, which translates to a high initial investment. Companies also need to deploy autonomous technologies such as AI, ML, and warehousing robotics to enhance efficiency and reduce production time, requiring further investments that dampen the prospects of new entities into the market.
 

Increasing exploratory missions to support rover & lander hardware segment growth

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Based on hardware, the space robotics market from the rovers/landers segment is anticipated to grow at 11.5% growth rate between 2023 and 2032, fueled by the increasing number of exploratory rover and lander missions in recent years. Many global space agencies are launching unmanned missions to nearby planets and satellites to study their surface and atmosphere, creating a strong demand for hardware components. Governments are also collaborating with private firms to contract out certain production aspects of their missions.
 

Growing need for satellite maintenance to propel demand in near space segment

Based on application, the near space segment is projected to register about 9.5% gains from 2023 to 2032, owing to the rising prominence of near space exploration missions through satellite launches. Recent advancements in the field of wireless communications have also led to the rise of global communication satellites, with firms such as SpaceX frequently conducting launch missions for countries such as Japan, South Korea, and USA. Satellites require continuous maintenance and servicing to remain operational, which entails further near-space launches and impact the space robotics market revenue.
 

Rising focus towards improving space capabilities to accelerate government end-use segment

With respect to end-use, the government segment held approximately 35% of the market share in 2022, impelled by an increasing demand from state-sponsored space exploration initiatives. Several world governments are working on improving their space technologies to enhance the overall performance of their satellites as well as probes.
 

Growing focus of the ESA on future space projects to shape Europe market

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Europe space robotics market accounted for USD 625 million in 2022. The European Space Agency (ESA), which is an EU-independent organization, has been making significant in-roads in recent years to get ahead in the space race. In November 2022, European research ministers backed the ESA’s ambitions to increase its budget by 17%, during the member states’ meeting in Paris. The new budget will help it achieve the next phase of its new worlds space exploration program, Terrae Novae, which will make use of robots as scouts and precursors for the human journey into the Solar System.
 

Novel product innovations to shape the competitive landscape

Altius Space Machines, Inc., SpaceX, Ghaffarian Technologies, Inc., GITAI Inc., Stinger, MAXAR Technologies, Inc., Motiv Space Systems, Oceaneering International, Northrop Grumman Honeybee Robotics Ltd, Space Applications Services, and Astrobotic Technology are dominating the space robotics industry. The market is observing frequent companies efforts towards the development of new robots that can be deployed for various purposes across space missions.
 

Impact of COVID-19 on the business trends

During the COVID-19 pandemic innovation and developments in the industry continued despite the lockdowns and restrictions. In August 2020, Elon Musk-headed SpaceX docked its uncrewed Dragon cargo ship to the International Space Station to deliver an experimental robotic arm and other supplies as well as research equipment. A year later, in August 2021, SpaceX began preparing for a resupply mission, which would also check the dexterity of the robotic arm and how plants handle stress in space.
 

This market research report on space robotics includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2018 to 2032 for the following segments:

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Market, By Component

• Hardware
  • Rovers/Landers
  • Probes
  • Arms/Manipulator Systems
• Software
• Services

Market, By Application

• Deep Space
  • Space Exploration
  •  Space Transportation
• Near Space
  • Space Exploration
  • Space Transportation

Market, By End-use

• Government
• Commercial

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa