Stratview Research has published a report on the Space Robotics Market Segmented by Solution Type (Services, Products), by Application Type (Deep Space, Near Space, and Ground), by End-User Type (Commercial, Government), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the presented report, the space robotics market was estimated at USD 4.43 billion in 2022 and is likely to grow at a CAGR of 6.77% during 2023-2028 to reach USD 6.62 billion in 2028.

What is space robotics?

Space robotics are machines that are designed with the capability of surviving in the environment of space. They are used in different activities in space such as construction and maintenance purposes, performing exploration, and many others. Such robots are controlled by humans through local consoles such as the astronauts in the spacecraft who can control the robots that they have sent.

Space robotics are important today as they have the ability to do a task in an inexpensive way and also are known to complete the tasks with greater performance. They can work for long durations and can be sent to areas where it can be risky for humans.

Market Dynamics

The growth of the space robotics market is driven by a wide array of factors, such as-

• Increasing demand for servicing prevailing geostationary satellites.
• Debris elimination.
• Technological progressions in self-governing systems.
• Collective demand for on-orbit engineering and assembly in the International Space Station (ISS) from various government agencies and commercial entities.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Key Players

• Altius Space Machines
• Astrobotic Technology
• Effective Space Solutions
• Honeybee Robotics
• ITT Corporation
• Maxar Technologies
• Motiv Space Systems
• Northrop Grumman
• Olis Robotics
• Stinger Ghaffarian Technologies (SGT).

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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About Us

Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.