Space Robotics Market Global Industry Analysis, Market Size, Share, Trends, Application Analysis and

nita bombare

Feb 24, 20203 min read

Key Players : Space Robotics Market

Altius Space Machines (US),Astrobotic Technology (US),Effective Space Solutions Ltd (UK),Honeybee Robotics (UK),Ispace (Japan),Maxar Technologies (US),Metecs (US),Motiv Space Systems, Inc. (US),Northrop Grumman Corporation (US),Olis Robotics (US)

Market Forecast: Space Robotics Market

The Space Robotics Market is projected to be valued at USD 5.24 Billion by 2025, registering a CAGR of 8.6% from 2019 to 2025. The increasing number of space exploration missions by private firms is driving the growth of the market. Furthermore, the rising number of GEO satellites across the globe is projected to aid market growth.

Market USP

Reduced risk to human life

Growth Opportunities in the Space Robotics Market:

Services segment accounted for the larger market share in 2018:

The services segment is also expected to register the higher CAGR during the forecast period. The high growth can be attributed to the increasing demand for on-orbit assembly and manufacturing, satellite repair, space debris removal, and launch support services.

Near space segment to be the fastest-growing:

The near-space segment is expected to exhibit the highest CAGR during the review period. The increasing number of high-altitude satellites for communication and surveillance is driving the growth of this segment.

Government segment to register the highest CAGR:

The government segment is expected to be the fastest-growing during the review period. The increasing space exploration activities using robots by the governments of the US, China, Russia, and India are driving the growth of the segment.

TABLE OF CONTENTS:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Space Robotics Market , By Type

6.1 Introduction

6.2 Instruments And Consumables

Market Estimates & Forecast, By Region, 2018–2023