Space Robotic Solution Trends and Forecast
The future of the global space robotic solution market looks promising with opportunities in the commercial and government markets. The global space robotic solution market is expected to grow with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increased space exploration missions, growing demand for satellite servicing, and rising advancements in AI & robotics.
• Lucintel forecasts that remotely operated vehicle is expected to witness the highest growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• North America will remain the largest region over the forecast period.
United States: NASA and SpaceX are collaborating on robotic missions to the Moon and Mars, driving advancements in space robotics. Companies like Northrop Grumman and Maxar are developing robotic systems for satellite servicing, aligning with NASAÄX%$%Xs goals for sustainable space exploration.
Japan: JAXA has partnered with Toyota to create lunar exploration vehicles incorporating robotic technologies. Japanese companies like NEC and Mitsubishi Electric are working on robotic solutions for satellite maintenance and space debris removal, supported by government funding for space innovation.
European Union: ESA is funding projects like "Robotics for Space Exploration" to develop autonomous robots for planetary exploration. European companies like Airbus and Thales Alenia Space are investing in robotic arms for space missions, aligning with EUÄX%$%Xs objectives for space technology advancement.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Space Robotic Solution by Segment
The study includes a forecast for the global space robotic solution by solution, application, end use, and region.
Space Robotic Solution Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Remotely Operated Vehicles
• Remote Manipulator System
• Software
• Services
Space Robotic Solution Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Deep Space
• Near Space
• Ground
• Others
Space Robotic Solution Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Government
• Others
Space Robotic Solution Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Space Robotic Solution Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies space robotic solution companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the space robotic solution companies profiled in this report include-
• Northrop Grumman Corporation
• Oceaneering International
• Maxar Technologies
• iRobot Corporation
• MDA Space and Robotics
• Redwire Corporation
• Astroscale Holdings
• Intuitive Machines
• AMP Robotics
• Olis Robotics
Recent Development in the Space Robotic Solution Market
NASA: NASAÄX%$%Xs "Artemis" program includes collaborations with companies like SpaceX and Boeing to develop space robotic solutions for lunar exploration, such as autonomous rovers and robotic arms for resource utilization and habitat construction on the Moon.
SpaceX: SpaceXÄX%$%Xs "Starship" project aims to utilize robotic systems for cargo delivery and infrastructure setup on Mars, leveraging advancements in AI and robotics for interplanetary missions and potential colonization efforts.
Northrop Grumman: Northrop GrummanÄX%$%Xs "MEV" (Mission Extension Vehicle) is a robotic spacecraft designed to extend the life of in-orbit satellites by providing propulsion and servicing capabilities, addressing the growing demand for satellite maintenance solutions.
Maxar Technologies: Maxar Technologies is developing "Space Robotics" solutions for on-orbit assembly, repair, and refueling of satellites, utilizing robotic arms and AI-based control systems to enhance the efficiency and sustainability of satellite operations.
Astrobotic Technology: Astrobotic TechnologyÄX%$%Xs "MoonRanger" rover is a compact and lightweight robotic platform designed for lunar surface exploration, supporting scientific research and technology demonstrations as part of commercial lunar missions.
Features of the Global Space Robotic Solution Market
Market Size Estimates: Space robotic solution market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Space robotic solution market size by solution, application, end use, and region in terms of value ($B).
Regional Analysis: Space robotic solution market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different solutions, applications, end uses, and regions for the space robotic solution market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the space robotic solution market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for space robotic solution market?
Answer: The global space robotic solution market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the space robotic solution market?
Answer: The major drivers for this market are increased space exploration missions, growing demand for satellite servicing, and rising advancements in AI & robotics.
Q3. What are the major segments for space robotic solution market?
Answer: The future of the space robotic solution market looks promising with opportunities in the commercial and government markets.
Q4. Who are the key space robotic solution market companies?
Answer: Some of the key space robotic solution companies are as follows:
• Northrop Grumman Corporation
• Oceaneering International
• Maxar Technologies
• iRobot Corporation
• MDA Space and Robotics
• Redwire Corporation
• Astroscale Holdings
• Intuitive Machines
• AMP Robotics
• Olis Robotics
Q5. Which space robotic solution market segment will be the largest in future?
Answer: Lucintel forecasts that remotely operated vehicle is expected to witness the highest growth over the forecast period.
Q6. In space robotic solution market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the space robotic solution market by solution (remotely operated vehicles, remote manipulator system, software, and services), application (deep space, near space, ground, and others), end use (commercial, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Space Robotic Solution Market, Space Robotic Solution Market Size, Space Robotic Solution Market Growth, Space Robotic Solution Market Analysis, Space Robotic Solution Market Report, Space Robotic Solution Market Share, Space Robotic Solution Market Trends, Space Robotic Solution Market Forecast, Space Robotic Solution Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.