• Blog
  • Space Robotics Market

    Space Robotics Market

    Space Robotics Market
    Report code - SRAD233 Delivery - 2 Weeks

    Space Robotics Market Size, Share, Trend, Forecast, & In See more...

    Purchase Report
    notch

    Space Robotics Market Insights 

    Space robotics market is likely to witness an impressive CAGR of 10.2% during the forecast period. The growth of the space robotics market is driven by a wide array of factors, such as increasing demand for servicing prevailing geostationary satellites, debris elimination, and technological progressions in self-governing systems, and collective demand for on-orbit engineering and assembly in the International Space Station (ISS) from various government agencies and commercial entities.

    Space Robotics Market - Snapshot

    Growth

    10.2% for the next five years

    Major Solution Type

    Satellite servicing

    Major Application Type

    Near Space

    Dominant End-User Type

    Commercial

    Region with the highest demand

    North America

    Key Players

    Altius Space Machines, Astrobotic Technology, Effective Space Solutions, Honeybee Robotics, ITT Corporation, Maxar Technologies, Motiv Space Systems, Northrop Grunman, Olis Robotics, and Stinger Ghaffarian Technologies (SGT).

    Wish to Get a Free Sample? Click here.

    Space Robotics Market Share: By Solution Type

    Based on the solution type, the market is segmented as services and products. The satellite servicing segment led the market in 2018, and is estimated to remain dominant during the forecast period. The growth of the satellite servicing segment can be attributed to the escalating demand and requirement for space-based services, such as satellite servicing, de-orbiting services, surface mobility, and resupply services.

    Space Robotics Market Share: By Application Type

    Based on the application type, the market is segmented as deep space, near space, and ground. The near space segment is estimated to register the highest growth in the coming five years. This growth of the segment can be credited to the claim for resupply missions for the International Space Station (ISS), on-orbit satellite engineering, and increasing requirement to service prevailing geosynchronous satellites.

    Space Robotics Market Share: By End-User Type

    Based on the end-user type, the market is segmented as commercial and government. The commercial segment is expected to depict a higher growth against the government segment, during the forecast period, driven by the increasing demand for satellite servicing, refueling and mission extension services which provide prospects for satellite operators/owners by extending the life of satellites and hence, generate profits from prevailing satellite fleets, and deliver enhanced flexibility in handling in-orbit satellite fleets.

    Space Robotics Market Share: By Region

    In terms of regions, North America was expected to register the largest share of the space robotics market in 2018, and the region is expected to continue its dominance during the forecast period as well. The market is driven by high demand for space robotic activities from prominent establishments, such as NASA and the Department of Defense, owing to the rising dependence on space resources and for empowering safety in space operations. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major players in the space robotics market are Altius Space Machines, Astrobotic Technology, Effective Space Solutions, Honeybee Robotics, ITT Corporation, Maxar Technologies, Motiv Space Systems, Northrop Grumman, Olis Robotics, and Stinger Ghaffarian Technologies (SGT).       

     

    Market Scope & Segmentation

    Space Robotics are machines that are designed with the capability of surviving in the environment of space. They are used in different activities in the space such as construction and maintenance purposes, performing exploration, and many others. Such robots are controlled by humans through local console such as the astronauts in the spacecraft can control the robots that they have sent.

    Space robotics are important today as they have the ability to do a task in an inexpensive way and also are known to complete the tasks with greater performance. They can work for long durations and can be sent in areas where it can be risky for humans.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Space Robotics Market Research Report - Features

    Market Segmentation

    4 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The space robotics market is segmented into the following categories. 

    Space Robotics Market Size, Share, & Forecast, by Solution Type:

    • Services
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Solution Type Analysis: On-Orbit Assembly & Manufacturing, Satellite Servicing, De-Orbiting Services, Re-Supply, Surface Mobility, and Launch Support)
    • Products
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Solution Type Analysis: Robotics & Subsystems, Sensors & Autonomous Systems, Software, and Others)

    Space Robotics Market Size, Share, & Forecast, by Application Type:

    • Deep Space
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Space Exploration and Space Transportation)
    • Near Space
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: In-Space 3D Printing, Space Operations/Scientific Experimentation, Space Exploration, In-Space Maintenance & Inspection, and Space Transportation)
    • Ground (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Space Robotics Market Size, Share, & Forecast, by End-User Type:

    • Commercial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-User Type Analysis: Satellite Operators/Owners, Launch Service Providers, and Others)
    • Government
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-User Type Analysis: Space Agencies, Departments of Defense (DOD), and Others)

    Space Robotics Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities