The global space robotics market is anticipated to exhibit considerable CAGR of 6.3% during the forecast period (2021-2027). Robotics and autonomous systems play an instrumental role in the space exploration missions owing to their ability to perform in extreme harsh condition of space. Therefore, the significant rise in the funding for various space robotics programs is a key factor driving the growth of the global space robotics market. Several national space agencies such as The National Aeronautics and Space Administration (NASA) in the US, The European Space Agency, The Japan Aerospace Exploration Agency (JAXA), Roscosmos State Corp. for Space Activities in Russia, China National Space Administration, and The Indian Space Research Organisation have made significant funding to launch several robotics programs.
Browse the full report description of "Global Space Robotics Market Size, Share & Trends Analysis Report by Service Type (On-orbit Assembly & Manufacturing, Satellite Servicing, De-orbiting Services, Surface Mobility, Launch Support, Re-supply), by Application (Deep Space, Near Space), by End-User (Government, Commercial) Forecast period (2021-2027)" at https://www.omrglobal.com/industry-reports/space-robotics-market
For instance, the JAXA has launched the second Kibo Robot Programming Challenge (KRPC) in March 2021. In the challenge, the students are allowed to program free-flying robots such as Astrobee and Int-Ball in the International Space Station (ISS) to solve different problems. The goal is to allow scientists on the ground to capture images and video remotely using a robot that can travel around in space autonomously and capture both moving and still imagery. Robots are programmed to perform tasks such as taking inventory, filming astronaut experiments with built-in cameras, and collaborating to carry cargo around the station. The frequent launch of such projects is anticipated to drive the growth of the space robotics market during the forecast period.
Market Coverage
o By Service Type
o By Application
o By End-User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global Space Robotics Market Report Segment
By Service Type
By Application
By End-User
Global Space Robotics Market by Region
North America
Europe
Asia-Pacific
Rest of the World
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