The global space robotics market size reached USD 4.32 Billion in 2021 and is expected to register a revenue CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. Increasing incorporation of Internet of Things (IoT)-enabled smart robotic systems is a key factor driving market revenue growth. Technologies such as Artificial Intelligence (AI) and IoT have significantly boosted speed of development and acceptance of the Internet of Robotic Things (IoRT), which is a robotic process system that enables space robots to communicate safely with other IoT-enabled devices, learn, and develop characteristics such as self-maintenance and self-awareness. In addition, IoRT applications enable space robots to plan, execute, and complete tasks under varying environmental conditions and situations by leveraging the information collected from their own infrastructure and the collective intelligence of robotic things. In addition, technologies such as AI aid robotic devices to operate using learning algorithms and provide cognitive decision-making capabilities. Moreover, converging IoT, AI, and robotics boosts development of IoRT applications that improve awareness and decision-making, thereby resolving complex operations more effectively.

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.

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 Key Players operating in the industry are:

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

Radical Features of the Space Robotics Market Report:

  • The report encompasses Space Robotics market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
  • An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
  • Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
  • Supply chain analysis along with technological advancements offered in the report
  • The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Space Robotics industry

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Segmentation:

  • Offerings Outlook (Revenue, USD Billion; 2019-2030)

    • Solution
      1. Autonomous Sensors and Systems
      2. Robotics and Subsystems
      3. Software
      4. Others
    • Services
      1. Satellite Servicing
      2. On-orbit Assembly
      3. Surface Mobility
      4. De-orbiting Services
      5. Others

  • Application Outlook (Revenue, USD Billion; 2019-2030)

    • Near Space
      1. Space Operations
      2. Space Exploration
      3. Space Transportation
      4. In Space 3D Printing
      5. Others
    • Deep Space
      1. Space Transportation
      2. Space Exploration
    • Ground

  • End-Use Outlook (Revenue, USD Billion; 2019-2030)

    • Government
      1. Defense Department
      2. Space Agencies
      3. Others
    • Commercial
      1. Private Satellite Operators
      2. Launch Service Providers
      3. Others

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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