The Space Robotic Solution Market is projected to grow at a significant CAGR during the forecast period. The demand for efficient service, repair, and maintenance of geostationary satellites is increasing the demand for space robotics. The prime factors that are bolstering the demand for space robotic solutions are the need for cost-effectiveness, the ability to perform in the extreme space environment, and better productivity. Moreover, the lunar surface innovation initiative, on-orbit manufacturing and assembly in International Space Station (ISS), and increasing use of robotics technology in space projects demand a sophisticated robotic system.
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Some of the prominent players in the international space robotic solution market include Astrobotic Technology Inc., Altius Space, Honeybee Robotics, Maxar Technology, and Oceaneering International Inc. Corporate landscape in the market is changing rapidly and commercial enterprises are developing the means for space exploration which also includes space tourism by Blue Origin. As a result, many public firms such as NASA, ISRO, and ESA are collaborating with private firms for sharing space technology. Hence, demand for debris removal and servicing of satellites is growing which is driving the space robotic solution market.
Space Robotic Solution Market- Segmentation
By Organization Type
• Commercial
• Government
By Solution
• Remotely Operated Vehicles (ROV)
• Remote Manipulator System (RMS)
• Software
• Services
By Application
Deep Space
• Space Transportation
• Space Exploration
• Others
Near Space
• Space Transportation
• Space Exploration
• In-space Maintenance
• Others
Ground
Segment by Region
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia-Pacific
• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
• Africa
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
