Space Robotics Market, 2023 - Growing Importance of On-Orbit Satellite Servicing, On-Orbit Manufacturing and Assembly in Space and Focus of Government Agencies


Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Space Robotics Market by Solution, Services (Satellite Servicing, On-orbit Assembly & Manufacturing, De-orbiting Services, Re-supply, Surface Mobility, & Launch Support), Application, End-User, and region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Growing importance of on-orbit satellite servicing, on-orbit manufacturing and assembly in space and focus of government agencies and commercial entities on space robotic solutions are driving the space robotics market.

The space robotics market is estimated to be USD 2.88 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% from 2018 to 2023.

Increased investments in space exploration missions, growing demand for geostationary satellite servicing, and on-orbit manufacturing and assembly, debris removal and technological advancements in autonomous systems are key factors anticipated to drive the growth of the space robotics market. Growth can also be attributed to the increasing demand for space robotics solutions from commercial, government, organizations, space agencies, defense organizations, and satellite operators as well as NewSpace companies.

Commercial end user segment is estimated to account for the largest share of the space robotics market in 2018

Based on end user, the commercial segment is estimated to account for the largest share of the space robotics market in 2018. Growing demand for extending the lifetimes of existing geostationary satellites are expected to lead to the high demand for space robotics. Another factor contributing to the growth of the commercial segment is the high demand for on-orbit manufacturing and assembly operations, and robotic solutions for space exploration activities.

The space robotics market in North America is expected to grow at the highest CAGR during the forecast period

The space robotics market in North America is projected to grow at the highest CAGR during the forecast period. This high growth can be attributed to focused efforts of space companies on developing space robotics, rising US commercial/government reliance on space assets, and increasing space exploration activities in the US and Canada. Advancements in space autonomous technology and demand for space robotics for space operations are factors driving the North America space robotics market.

Maxar Technologies (US), Motiv Space Systems (US), Altius Space Machines (US), Northrop Grumman (US), Honeybee Robotics (US), Astrobotic Technology (US), Made In Space (US), and Effective Space Solutions Limited (Israel) are some of the key players in the space robotics market.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency & Pricing
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Space Robotics Market
4.2 Space Robotics Market for Services, By Type
4.3 Space Robotics Market in Near Space Application, By Function
4.4 Space Robotics Market for Commercial End User, By Type
4.5 Space Robotics Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Significant Investments in Research and Development By Private Firms Leading to Rising Number of Space Exploration Missions
5.2.1.2 Increasing Levels of Robotic Autonomy
5.2.1.3 Rising Demand for GEO Satellites Across the Globe
5.2.1.4 Growing Space Congestion Due to the Increasing Number of New Satellite Launches
5.2.2 Restraints
5.2.2.1 Legal and Regulatory Issues
5.2.3 Opportunities
5.2.3.1 Rising Demand for On-Orbit Satellite Servicing
5.2.3.2 Entry of Private Companies in the Space Robotics Industry
5.2.3.3 Technological Upgradations in Space Industry Leading to the Development of Low-Cost Space Systems
5.2.4 Challenges
5.2.4.1 Scarcity of Intellectual Assets in Many Countries
5.2.4.2 Technical Challenges

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Technology Trends
6.3.1 Artificial Intelligence (AI) in Space Robotics
6.3.2 3d Printing
6.3.3 Sensor Integration Technology
6.3.4 Development of Small Satellites Using Additive Manufacturing Process
6.3.5 Space Robot Technology
6.4 Emerging Trends
6.4.1 Space Debris Removal
6.4.2 Satellite Constellations
6.4.3 Planetary Protection Technologies
6.5 Venture Capital Funding
6.5.1 Innovations & Patent Registrations

7 Space Robotics Market, By Solution
7.1 Introduction
7.2 Services
7.2.1 On-Orbit Assembly & Manufacturing
7.2.2 Satellite Servicing
7.2.3 De-Orbiting Services
7.2.4 Re-Supply
7.2.5 Surface Mobility
7.2.6 Launch Support
7.3 Products
7.3.1 Robotics & Subsystems
7.3.1.1 Rovers/Spacecraft Landers
7.3.1.2 Space Probes
7.3.1.3 Robotic Servicing Vehicles
7.3.1.4 Gripping & Docking Systems
7.3.1.5 Robotic Arms/Manipulator Systems
7.3.1.6 Deorbiting Robots/Systems
7.3.1.7 Crawler-Transporters
7.3.2 Sensors & Autonomous Systems
7.3.3 Software
7.3.4 Others

8 Space Robotics Market, By Application
8.1 Introduction
8.2 Deep Space
8.2.1 Space Exploration
8.2.2 Space Transportation
8.3 Near Space
8.3.1 In-Space 3d Printing
8.3.2 Space Operations/Scientific Experimentation
8.3.3 Space Exploration
8.3.4 In-Space Maintenance & Inspection
8.3.5 Space Transportation
8.4 Ground

9 Space Robotics Market, By End User
9.1 Introduction
9.2 Commercial
9.2.1 Satellite Operators/Owners
9.2.2 Launch Service Providers
9.2.3 Others
9.3 Government
9.3.1 Space Agencies
9.3.2 Departments of Defense (DOD)
9.3.3 Others

10 Regional Analysis
10.1 Introduction
10.1.1 North America
10.1.2 US
10.1.3 Canada
10.2 Europe
10.2.1 Russia
10.2.2 France
10.2.3 Germany
10.2.4 UK
10.2.5 Italy
10.2.6 Rest of Europe
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Rest of Asia Pacific
10.4 Rest of the World
10.4.1 Middle East
10.4.2 South America
10.4.3 Africa

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Analysis
11.3 Market Ranking Analysis
11.4 Competitive Scenario

12 Company Profiles
12.1 Altius Space Machines
12.2 Astrobotic Technology
12.3 Olis Robotics
12.4 Effective Space Solutions
12.5 Honeybee Robotics
12.6 Ispace
12.7 Made in Space
12.8 Maxar Technologies
12.9 Metecs
12.10 Northrop Grumman
12.11 Motiv Space Systems
12.12 Stinger Ghaffarian Technologies (SGT)
12.13 Space Applications Services

For more information about this report visit https://www.researchandmarkets.com/research/dbsr5s/space_robotics?w=12

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