The global space robotics market size is expected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.41% |
Space robotics refers to a field of science and engineering that assists in space missions and exploration activities. It is used in assembling, maintenance, satellite services and meeting requirements in extremely hostile environments of space. It utilizes space robots for minimizing costs, accelerating schedules, improving overall performance and incurring minimal risks. These robots extend the human ability to operate in space by providing greater handling capabilities to astronauts. As a result, space robotics finds extensive application in autonomously operating on a new planetary surface.
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A significant need for efficient repair, servicing and maintenance of geostationary satellites represents one of the key factors catalyzing the demand for space robots across the globe. Apart from this, various technological advancements, in confluence with the increasing utilization of autonomous systems in space and the growing number of space programs, are also contributing to the market growth. For instance, the European Commission funded PERASPERA and SpacePlan 2020, which is coordinated by the European Space Agency (ESA) for planning technology roadmaps in space robotics. Project PERASPERA aims to develop an integrated plan for space robotics technology during 2023-2024. Furthermore, emerging technologies, such as deep learning (DL) and artificial intelligence (AI), are extensively being used in the robotics industry, which, in turn, is fueling the market growth. Moreover, the key players are introducing AI-based robots that enhance mobility in space and provide greater exploration benefits. These robots can also perform highly complex tasks for a longer duration and can operate with minimum human aid.
IMARC Group provides an analysis of the key trends in each segment of the global space robotics market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on solution, application and end use.
Breakup by Solution:
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Breakup by Application:
Breakup by End Use:
Breakup by Region:
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Altius Space Machines (Voyager Space Holdings Inc.), Astrobotic Technology Inc., GITAI Inc., Honeybee Robotics (Ensign-Bickford Industries), Intuitive Machines LLC, Made In Space Inc. (Redwire LLC), Maxar Technologies Inc, Metecs LLC, Motiv Space Systems Inc., Northrop Grumman Corporation, Oceaneering International Inc. and Olis Robotics.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Solution, Application, End Use, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Altius Space Machines (Voyager Space Holdings Inc.), Astrobotic Technology Inc., GITAI Inc., Honeybee Robotics (Ensign-Bickford Industries), Intuitive Machines LLC, Made In Space Inc. (Redwire LLC), Maxar Technologies Inc, Metecs LLC, Motiv Space Systems Inc., Northrop Grumman Corporation, Oceaneering International Inc. and Olis Robotics |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global space robotics market to exhibit a CAGR of 4.41% during 2024-2032.
The escalating need for efficient servicing, repair, and maintenance of geostationary satellites, along with the advent of AI-based robots that enhance mobility in space with greater exploration benefits, is primarily driving the global space robotics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous space missions and exploration activities, thereby negatively impacting the global space robotics market.
Based on the solution, the global space robotics market can be categorized into Remotely Operated Vehicles (ROV), Remote Manipulator System (RMS), software, and services. Currently, services account for the majority of the global market share.
Based on the application, the global space robotics market has been segregated into deep space, near space, and ground. Among these, near space currently holds the largest market share.
Based on the end use, the global space robotics market can be bifurcated into commercial and government. Currently, the government sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global space robotics market include Altius Space Machines (Voyager Space Holdings Inc.), Astrobotic Technology Inc., GITAI Inc., Honeybee Robotics (Ensign-Bickford Industries), Intuitive Machines LLC, Made In Space Inc. (Redwire LLC), Maxar Technologies Inc, Metecs LLC, Motiv Space Systems Inc., Northrop Grumman Corporation, Oceaneering International Inc., and Olis Robotics.