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Space Robotics Market Size – USD 4.32 Billion in 2021, Market Growth – at a CAGR of 4.7%
Increasing collaborations between space agencies and companies and major software developing companies is a key factor driving space robotics market revenue growth”
— Emergen Research
VANCOUER, BC, CANADA, August 5, 2022 /EINPresswire.com/ — 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. The demand for space robots is increasing due to the requirement for effective geostationary satellite repair, servicing, and maintenance. The main reasons influencing demand for space robotics technology are cost-effectiveness, increased productivity, and capability to function in the harsh environment of space. Furthermore, highly developed robotics systems are necessary for the realisation of future space initiatives like the National Aeronautics and Space Administration’s (NASA) lunar surface innovation effort and on-orbit manufacturing and assembly in the International Space Station (ISS).
Emergen Research latest document, titled ‘Global Space Robotics Market – Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Space Robotics Market. The report’s authors have offered necessary details on the latest Space Robotics Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Space Robotics Market entails useful insights into the estimated Space Robotics Market size, revenue share, and sales & distribution network such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 :
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.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐆𝐞𝐭 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.emergenresearch.com/request-sample/1023
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Space Robotics Market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline.
Robotics and autonomous systems are essential to the ongoing and next missions of space exploration. Robots designed specifically for space missions can carry out a variety of jobs, including satellite service and maintenance, satellite repair, and exploration. By giving astronauts better handling capabilities, the robots increase human capacity to operate and explore in space. The multi-disciplinary approach used in engineering and space science is represented by modern space robots. As a result, a wider range of uses for space robotics technology now exist, from helping the crew to independently operating on a new planet’s surface.
World’s Leading Companies in Space Robotics Industry : Top 10 by Revenue
𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 :
What are the key factors driving Space Robotics Market expansion?
What will be the value of Space Robotics Market during 2022- 2030?
Which region will make notable contributions towards global Space Robotics Market revenue?
What are the key players leveraging Space Robotics Market growth?
𝐒𝐨𝐦𝐞 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :
According to the solution, the space robotics market is anticipated to be led in 2018 by the satellite servicing segment. The need for space-based services such as satellite servicing, de-orbiting, surface mobility, and resupply services is on …….