Market Size of Space Robots Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Space Robots Market Analysis
The space robots market is projected to register a CAGR of more than 6% during the forecast period.
- Space robots are used to perform activities, like space manufacturing, maintenance, exploration, servicing, and numerous other activities in space. They are designed to withstand harsh environmental conditions in space.
- With the boom in Industry 4.0, the advancements in robotics and artificial intelligence are helping the market by bringing innovative technologies into robots used in various space applications.
- The space sector is currently attracting huge investments, and the demand for activities, like space exploration, space mining, on orbit assembly, and debris removal is expected to further boost the market for space robots in the years to come.
Space Robots Industry Segmentation
The others segment in segmentation by product includes deorbiting robots/systems, crawler-transporters, launch support vehicles, and resupply robots. In addition to this, in segmentation by application, the deep space segment gives details of the robots used in deep space exploration and transportation, while the near space segment covers the robots used in in-space 3D printing, space operations/scientific experimentation, near space transportation, in-space maintenance, and inspection, among others.
| Product | |
| Rovers/Spacecraft Landers | |
| Space Probes | |
| Robotic Servicing Vehicles | |
| Gripping and Docking Systems | |
| Robotic Arms/Manipulator Systems | |
| Other Products |
| Type | |
| Deep Space | |
| Near Space |
| Geography | ||||||
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| Rest of the World |
Space Robots Market Size Summary
The space robots market is experiencing significant growth, driven by advancements in robotics and artificial intelligence, which are integrating innovative technologies into space applications. These robots are essential for various activities such as space manufacturing, maintenance, exploration, and debris removal, and are designed to operate in the harsh conditions of space. The increasing investments in the space sector, coupled with the rising demand for space exploration, mining, and on-orbit assembly, are expected to further propel the market. Currently, the deep space segment holds the largest market share, as robots are increasingly used in environments where human presence is not feasible. Notable developments, such as NASA's Shapeshifter robot, highlight the ongoing advancements in this field, which are anticipated to drive market growth.
North America currently dominates the space robots market, with significant contributions from private companies and NASA. The region's market is bolstered by projects like the SAMPLR robotic arm for lunar exploration and the development of robotic storage modules on the International Space Station. However, the Asia-Pacific region is projected to witness the highest growth rate, fueled by increased investments and the development of new space robots, such as India's Vyommitra. The market is becoming increasingly competitive, with major players like Northrop Grumman, Lockheed Martin, and Maxar Technologies, alongside numerous startups, vying for market share. Collaborative efforts, such as those between JAXA and GITAI, and strategic acquisitions, like the one involving MDA Corporation, are reshaping the competitive landscape, offering promising opportunities for market expansion.
Space Robots Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product
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2.1.1 Rovers/Spacecraft Landers
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2.1.2 Space Probes
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2.1.3 Robotic Servicing Vehicles
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2.1.4 Gripping and Docking Systems
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2.1.5 Robotic Arms/Manipulator Systems
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2.1.6 Other Products
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2.2 Type
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2.2.1 Deep Space
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2.2.2 Near Space
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Russia
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2.3.2.3 Germany
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Rest of the World
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Space Robots Market Size FAQs
What is the current Space Robots Market size?
The Space Robots Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Space Robots Market?
Northrop Grumman Corporation, Lockheed Martin Corporation, MDA Corporation (Maxar Techzologies Ltd), ASTROBOTIC and BluHaptics Inc. (Olis Robotics) are the major companies operating in the Space Robots Market.
