- January 18, 2021
- Category: Industrial Manufacturing and Equipment, Other Industry Reports
Global Space Robotics Market Size study, by Solution (Remotely Operated Vehicles (ROV), Remote Manipulator System (RMS), Software, and Services), Application (Deep Space, Near Space, and Ground), Organization Type (Government and Commercial), and Regional Forecasts 2021-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion) 1.2.1. Space Robotics Market, by Region, 2019-2027 (USD Billion) 1.2.2. Space Robotics Market, by Solution, 2019-2027 (USD Billion) 1.2.3. Space Robotics Market, by Application, 2019-2027 (USD Billion) 1.2.4. Space Robotics Market, by Organisation Type, 2019-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Space Robotics Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Space Robotics Market Dynamics 3.1. Space Robotics Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 18.104.22.168. Increasing space innovation 22.214.171.124. Increasing satellite services 126.96.36.199. Growing government investments 3.1.2. Market Challenges 188.8.131.52. Strict government policies 184.108.40.206. Huge investment required 3.1.3. Market Opportunities 220.127.116.11. Implementation of future space programs 18.104.22.168. Emerging technologies Chapter 4. Global Space Robotics Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Space Robotics Market, by Solution 5.1. Market Snapshot 5.2. Global Space Robotics Market by Product Type, Performance - Potential Analysis 5.3. Global Space Robotics Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion) 5.4. Space Robotics Market, Sub Segment Analysis 5.4.1. Remotely Operated Vehicles (ROV) 5.4.2. Remote Manipulator System (RMS) 5.4.3. Software 5.4.4. Services Chapter 6. Global Space Robotics Market, by Application 6.1. Market Snapshot 6.2. Global Space Robotics Market by Industry Verticals, Performance - Potential Analysis 6.3. Global Space Robotics Market Estimates & Forecasts by Industry Verticals 2018-2027 (USD Billion) 6.4. Space Robotics Market, Sub Segment Analysis 6.4.1. Deep Space 6.4.2. Near Space 6.4.3. Ground Chapter 7. Global Space Robotics Market, by Organisation Type 7.1. Market Snapshot 7.2. Global Space Robotics Market by Industry Verticals, Performance - Potential Analysis 7.3. Global Space Robotics Market Estimates & Forecasts by Industry Verticals 2018-2027 (USD Billion) 7.4. Space Robotics Market, Sub Segment Analysis 7.4.1. Government 7.4.2. Commercial Chapter 8. Global Space Robotics Market, Regional Analysis 8.1. Space Robotics Market, Regional Market Snapshot 8.2. North America Space Robotics Market 8.2.1. U.S. Space Robotics Market 22.214.171.124. Solution breakdown estimates & forecasts, 2018-2027 126.96.36.199. Application breakdown estimates & forecasts, 2018-2027 188.8.131.52. Organisation Type breakdown estimates & forecasts, 2018-2027 8.2.2. Canada Space Robotics Market 8.3. Europe Space Robotics Market Snapshot 8.3.1. U.K. Space Robotics Market 8.3.2. Germany Space Robotics Market 8.3.3. France Space Robotics Market 8.3.4. Spain Space Robotics Market 8.3.5. Italy Space Robotics Market 8.3.6. Rest of Europe Space Robotics Market 8.4. Asia-Pacific Space Robotics Market Snapshot 8.4.1. China Space Robotics Market 8.4.2. India Space Robotics Market 8.4.3. Japan Space Robotics Market 8.4.4. Australia Space Robotics Market 8.4.5. South Korea Space Robotics Market 8.4.6. Rest of Asia Pacific Space Robotics Market 8.5. Latin America Space Robotics Market Snapshot 8.5.1. Brazil Space Robotics Market 8.5.2. Mexico Space Robotics Market 8.6. Rest of The World Space Robotics Market Chapter 9. Competitive Intelligence 9.1. Top Market Strategies 9.2. Company Profiles 9.2.1. Astrobotic Technology, Inc. 184.108.40.206. Key Information 220.127.116.11. Overview 18.104.22.168. Financial (Subject to Data Availability) 22.214.171.124. Product Summary 126.96.36.199. Recent Developments 9.2.2. Altius Space 9.2.3. Motiv Space Systems, Inc. 9.2.4. BluHaptics, Inc. (Olis Robotics) 9.2.5. Oceaneering International, Inc. 9.2.6. Northrop Grumman Corporation 9.2.7. Honeybee Robotics 9.2.8. Maxar Technologies 9.2.9. Intuitive Machines, LLC 9.2.10. Metecs, LLC Chapter 10. Research Process 10.1. Research Process 10.1.1. Data Mining 10.1.2. Analysis 10.1.3. Market Estimation 10.1.4. Validation 10.1.5. Publishing 10.2. Research Attributes 10.3. Research Assumption
Global Space Robotics Market is valued approximately USD 4.11 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2021-2027. Space robotics are machines designed to go through the hostile and non-terrestrial environment of space and perform their tasks in the space. These machines are controlled by astronauts through their local console. The increasing space innovation, increasing satellite services and growing government investments in space has led to adoption of space robotics across the globe. Also, increasing activities such as on orbit-assembly, de-orbiting services, and expanding use of manipulators, rovers, space crafts, etc. are expected to lead the high demand for market. As per the information paper by International Federation of Robotics (IFR), in 2019, NASA allocated $348 million for Mars 2020 and $253.5 million for other missions and data analysis. However, strict government policies by high level space regulation authorities and huge investment required are factors foreseen to hamper the growth of the market over the forecast period of 2021-2027. Also, implementation of future space programs and emerging technologies, such as Artificial Intelligence (AI) and Deep Learning (DL) is likely to increase the market growth during the forecast period.
Globally, North America is accounted to hold the highest market across the world attributing to the presence of strong space centers such as NASA and CSA. Whereas, Asia Pacific is expected to show substantial growth over the forecast period 2021-2027. Factors such as high demand of space robotic activities, collaborative initiatives of the countries of this region to work for sustainable future and technological advancement would create opportunities for growth across Asia-Pacific region.
Major market player included in this report are:
Astrobotic Technology, Inc.
Motiv Space Systems, Inc.
BluHaptics, Inc. (Olis Robotics)
Oceaneering International, Inc.
Northrop Grumman Corporation
Intuitive Machines, LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Remotely Operated Vehicles (ROV)
Remote Manipulator System (RMS)
By Organisation Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Space Robotics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers