Space Robotics Market Size By Solution (Product [Rovers/Landers, Probes, Arms/Manipulator Systems], Software, Services), By Application (Deep Space [Space Exploration, Space Transportation], Near Space [Space Exploration, Space Transportation]), By End-Use (Commercial, Government), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Industry Trends

Space Robotics Market size valued at USD 2 billion in 2018 and will grow at a CAGR of 6% from 2019 to 2025. High investments in the space exploration projects and launch of several satellites by various countries is expected to drive the industry growth. The need to efficiently maintain, repair, and service spatial objects at timely intervals with high accuracy & automation is creating the need for these robots. Various applications, such as exploration, construction, maintenance, assembly, and servicing of spatial satellites, are performed by these machines.
 

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The industry is gaining high popularity impelled by the benefits such as cost-effectiveness, better productivity, and the ability to perform in risky situations without human substitutes. To gain efficiency in unmanned on-orbit servicing projects, such as refueling, docking, berthing, upgrading, repairing, and removal of the orbital debris, these machines are utilized across both commercial & government sectors, developing the market revenue.
 

Mobility & manipulation issues in fixed orbits is poised to hinder the market growth. The products such as probes and rovers face issues in moving quickly & accurately between two points by avoiding the chances of collisions. While manipulating the spatial objects by arms for working with other elements, the machines face challenges such as accidental contacts, unsafe movements, etc. These challenges can be eliminated by enhancing the supervisory control from human operators, which aid in managing the duration delays.
 

Market, By Solution

The space robotics market from on-orbit services segment is growing rapidly due to the provision of solutions that offer satellite servicing, logistics delivery, asset relocation, debris removal, infrastructure maintenance, and repair. These services reduce infrastructure maintenance costs by performing routine servicing processes and aiding the equipment for challenging activities. By adopting the on-orbit servicing solutions, the issues & amount of space debris can be reduced at high levels. They aid in increasing the spacecraft lifespan by safe & secure servicing along with reducing the risks of its failure.
 

These solutions are economical over new satellite launching owing to the efficient repairing & maintenance offered by them further saving huge costs. Companies are launching new products & components to be integrated in servicing satellites.
 

Market, By Application

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Deep space exploration applications in the space robotics market is predicted to gain significant traction through 2025 driven by the utilization of humanoid robots for exploration operations. Extreme & deep space environments are dangerous for human operators & astronauts, who are being replaced by robots that can perform high-risk tasks.
 

Several government agencies including NASA are working on developing robots efficient enough for deep space exploration works. The newly developed robot explorers are integrated with AI, autonomous functions, and intelligent technologies to offer higher bandwidth communication in deep space operations fueling the market outlook.
 

Market, By End-Use

Governments’ investments & projects in various countries are supporting the space robotics industry expansion. Initiatives to develop and launch various spacecraft & satellites by several governments, including the U.S., Canada, India, etc., are adding up to the market demand at a rapid pace.
 

Market, By Region

North America space robotics market share is developing at a rapid pace from 2029 to 2025 propelled by several ongoing & upcoming projects related to space robot development in both the U.S. and Canada. The countries are witnessing a huge investment in the space exploration projects along with R&D activities for developing various humanoid robot technologies. The presence of several players in the region also adds up to the prospects for faster expansion. Moreover, the high focus of government agencies to efficiently service, maintain, and track the existing spacecraft & satellites serves as a major driver for the regional market growth.
 

Competitive Market Share

Prominent players in the space robotics market are Northrop Grumman, Maxar Technologies, Altius Space Machines, Honeybee Robotics, Orbital ATK, Motiv Space Systems, etc. All these players are developing technically-advanced robotic systems along with efficient servicing solutions to lead in the competitive industry and gain contracts from various governmental organizations.
 

Companies along with international organizations are developing AI-integrated robots to add smart technology benefits to the existing solutions in the market. In March 2018, Orbital ATK announced the launch of its new robotic system servicing solution along with additional customer options to enhance satellites. The new system aided the company in expanding its customer base.
 

This market research report on space robotics includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2025, for the following segments:

Market, By Solution

• Product
  • Rovers / landers
  • Probes
  • Arms / manipulator systems
  • Others
• Software
• Services

Market, By Application

• Deep space
  • Space exploration
  • Space transportation
• Near space
  • Space exploration
  • Space transportation

Market, By End-Use

• Commercial
• Government

The above information is 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
• Middle East & Africa 
  • Israel
  • South Africa