The latest research report by Emergen Research, named ‘Global Space Robotics Market - Forecast to 2030. The coronavirus outbreak has led to drastic changes in the current Space Robotics Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Space Robotics Market growth assessed on both regional and global levels.
The global space robotics market size reached USD 4.32 Billion in 2021 and is expected to register a revenue CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. Increasing incorporation of Internet of Things (IoT)-enabled smart robotic systems is a key factor driving market revenue growth. Technologies such as Artificial Intelligence (AI) and IoT have significantly boosted speed of development and acceptance of the Internet of Robotic Things (IoRT), which is a robotic process system that enables space robots to communicate safely with other IoT-enabled devices, learn, and develop characteristics such as self-maintenance and self-awareness.

The space robotics market represents a pivotal frontier in the ever-expanding domain of space exploration and utilization. This sector encompasses a diverse range of robotic systems and technologies designed for deployment and operation in the challenging and often hostile environment of outer space. These robotic systems play a crucial role in various space missions, from satellite servicing and maintenance to planetary exploration and infrastructure development.

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Several factors drive the growth and significance of the space robotics market. One primary driver is the increasing need for cost-effective and efficient solutions in space missions. Robots offer capabilities that reduce the risks and costs associated with human-led missions while enhancing overall mission success rates. They excel in tasks that are repetitive, hazardous, or require precision, making them invaluable assets in space exploration endeavors.

Moreover, the rise in demand for satellite deployment, maintenance, and debris removal fuels the adoption of space robotics. These robots facilitate tasks such as satellite assembly, refueling, and repair, extending the lifespan of satellites and reducing the need for premature replacements. Additionally, as space agencies and private companies intensify their focus on planetary exploration, robots equipped with advanced sensing and manipulation capabilities become indispensable for collecting data and conducting experiments in harsh and remote extraterrestrial environments.

Covid 19 impact analysis :

The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Space Robotics Market industry.The current COVID-19 pandemic is expected to have an effect on the growth of the Space Robotics Market industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns.

Some major companies in the global market report include Oceaneering International, Inc., Northrop Grumman, Motiv Space System, Inc., Metecs, LLC, Maxar Technologies, Intuitive Machines, LLC, Astrobotic Technology, Inc., Altius Space Machines, Motiv Space Systems, Inc., Ispace, Inc., Olis Robotics, and Stinger Ghaffarian Technologies, Inc.

 Radical Highlights of the Space Robotics Market Report:

Impact of the technological developments and R&D advancements on the Space Robotics Market market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Comprehensive overview of the Space Robotics Market market along with analysis of the changing dynamics of the market
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

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Space Robotics Market   Segmentation:

Emergen Research has segmented global space robotics market on the basis of offerings, application, end-use, and region:

· Offerings Outlook (Revenue, USD Billion; 2019-2030)
Solution
Autonomous Sensors and Systems
Robotics and Subsystems
Software
Others
Services
Satellite Servicing
On-orbit Assembly
Surface Mobility
De-orbiting Services
Others
· Application Outlook (Revenue, USD Billion; 2019-2030)
Near Space
Space Operations
Space Exploration
Space Transportation
In Space 3D Printing
Others
Deep Space
Space Transportation
Space Exploration
Ground
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
Government
Defense Department
Space Agencies
Others
Commercial
Private Satellite Operators
Launch Service Providers
Others
Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, targeat, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.