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Space Robotics Market Size
- Report ID: GMI3219
- Published Date: Dec 2022
- Report Format: PDF
Space Robotics Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Space Robotics Market Size in 2022: | USD 3 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 9% |
| 2032 Value Projection: | USD 7 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 252 |
| Tables, Charts & Figures: | 341 |
| Segments covered: | Component, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Space Robotics Market Scope
