Space Robotics Market Status, Technology and Manufacturers, Analysis and Forecast to 2030 –

World market size space robotics reached $4.32 billion in 2021 and is expected to have a CAGR of 4.7% over the forecast period, according to the latest analysis from Emergen Research. The growing integration of Internet of Things (IoT)-enabled intelligent robotic systems is a key driver of market revenue growth. Technologies such as artificial intelligence (AI) and IoT have greatly accelerated the development and adoption of the Internet of Robotic Things (IoRT), which is a system of robotic processes that allows space robots to safely interact with other IoT-enabled devices in order to learn and develop such qualities. like self-care and self-awareness. In addition, IoRT applications allow space robots to plan, execute and complete tasks in various environmental conditions and situations using information gathered from their own infrastructure and the collective intelligence of robotics objects. In addition, technologies such as AI help robotic devices work with learning algorithms and provide cognitive capabilities for decision making. In addition, the convergence of IoT, AI, and robotics is driving the development of IoT applications that improve awareness and decision-making, thereby performing complex operations more efficiently.

Large investments by government agencies in various countries play an important role in the growth of market revenues. For example, on September 7, 2021, Maxar Technologies, a leading manufacturer of satellite imagery, spacecraft and robotic components headquartered in Colorado, USA, announced that it had signed a contract with the Space Technology Mission Directorate to develop a prototype low-powered lunar robotic arm. in collaboration with SRI International, an independent research organization headquartered in the United States. The project aims to develop a more economical robotic arm that can support operations in space.

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Key companies operating in the space robotics market:

Oceaneering International, Inc., Northrop Grumman, Motiv Space Systems, 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.

Some Key Points of the Report Segment

  • In 2021, solutions accounted for the majority of revenue. The growing adoption of robotic subsystems and the growing demand for software that allows collaborative scheduling of multiple robots are key drivers of revenue growth in this segment. In addition, significant investments by large companies such as PIAP Space, Olis Robotics and others in related initiatives and projects are driving revenue growth in this segment. For example, PIAP Space’s TITAN project aims to promote and develop a multi-articulated robotic arm for satellite maintenance. It will be used to service de-orbited satellites, which will eliminate space debris that could interfere with the normal operation of satellites in orbit.
  • In 2021, the deep space segment accounted for a significantly larger share of revenue. Large investments by domestic and international space research institutes and the rapid development of robotics technologies such as the introduction of AI and machine learning, IoT devices and others play an important role in revenue growth. this segment. In addition, the growing participation of private companies such as SpaceX and others has greatly contributed to the revenue growth in this segment. The investments made are primarily for product development and partnerships with international space authorities to provide more cost-effective and advanced solutions.
  • In 2021, the government segment accounted for a significant share of revenue. The growing focus on space and satellite technologies for military and defense purposes and applications is a major driver of market revenue growth in this segment. In addition, government agencies in various countries support and fund research and development related to space and robotics, which further contributes to the growth of market revenues.
  • In 2021, the North American market accounted for the largest share of revenue. The presence of large market companies such as Northrop Grumman, Redwire Corporation and others plays a key role in driving market revenue growth in this region. These companies are investing heavily in building new manufacturing facilities and developing innovative robotic systems that are precisely tailored to the requirements of end users. For example, on September 13, 2021, Northrop Grumman, a leading aerospace, defense and security company headquartered in Virginia, USA, announced that its subsidiary Space Logistics is preparing to launch a new company vehicle equipped with a robotic system. hand for servicing satellites. The project is being developed in partnership with Defense Advanced Research Projects and will allow the company to use the technology to serve commercial and government satellites in the geostationary belt. The increase in demand in this region can also be attributed to rising disposable income and the rapid development of existing space technologies.
  • On May 17, 2022, Redwire Corporation, a leading manufacturer of next-generation high-performance space-saving components headquartered in Jacksonville, Florida, USA, announced the opening of a factory in Luxembourg. This new facility will be used to develop and design core robotic arms during orbital and lunar missions, among other things. In addition, robotic arms will support activities such as maintaining satellites, assembling critical structures in space, and assisting space scientists in their fabrication. In addition, they will be used for debris removal, payload control, and operations on the lunar surface.

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Emergen Research has segmented the global space robotics market based on offerings, applications, end use, and region:

  • Rate Forecast (Revenue, USD billion; 2019-2030)
    • Solution
      1. Autonomous sensors and systems
      2. Robotics and subsystems
      3. Software
      4. Other
    • Services
      1. Satellite maintenance
      2. Assembly in orbit
      3. Mobility
      4. area Services
      5. Other
  • Application prospects (revenue, USD billion; 2019-2030)
    • near space
      1. Operations
      2. space exploration
      3. space transport
      4. space 3D printing in space
      5. Other
    • Depth space
      1. transport zone
      2. research space
    • Earth

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  • End-Use Prospects (Revenue, USD billion; 2019-2030)
    • government
      1. Ministry of Defence
      2. space agencies
      3. Other
    • commercial
      1. Private satellite operators
      2. Service providers launch
      3. Other
  • Regional forecast (revenue, USD billion; 2019-2030)
    • North America
      1. United
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. United
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asian-Pacific area
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia Pacific
    • Latin America
      1. Brazil
      2. Remainder
    • Middle East and Africa
      1. Saudi Arabia
      2. United Arab Emirates
      3. South Africa
      4. Turkey
      5. Rest of the Middle East and Africa

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Main advantages of the report:

  • Full analysis of the competitive scenario and the dynamics of its change
  • Insights with detailed SWOT analysis and Porter’s five forces analysis.
  • 8-year in-depth analysis of the global space robotics market
  • Critical understanding of key market segments
  • Comprehensive analysis of drivers, constraints, trends and opportunities
  • Detailed regional analysis and detailed company profiling
  • An in-depth assessment of current and emerging market trends

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