The latest study on the Space Robotics Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2030 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2030 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
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. Technologies such as Artificial Intelligence (AI) and IoT have significantly boosted speed of development and acceptance of the Internet of Robotic Things (IoRT), which is a robotic process system that enables space robots to communicate safely with other IoT-enabled devices, learn, and develop characteristics such as self-maintenance and self-awareness. In addition, IoRT applications enable space robots to plan, execute, and complete tasks under varying environmental conditions and situations by leveraging the information collected from their own infrastructure and the collective intelligence of robotic things. In addition, technologies such as AI aid robotic devices to operate using learning algorithms and provide cognitive decision-making capabilities.
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Key market companies studied and profiled for this research 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.
Covid-19 impact analysis:
The report is the latest document encompassing the profound changes in the market dynamics and trends that followed the COVID-19 outbreak. The global health crisis has led to massive changes in the global economic scenario and, particularly, this business sphere. The pandemic has drastically affected the Space Robotics Market with disruptions to supply chains and volatility in prices and demands. The remarkable impact of the pandemic on the Space Robotics Market industry and its crucial segments has been depicted in the report
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Space Robotics Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Emergen Research has segmented global space robotics market on the basis of offerings, application, end-use, and region:
· Offerings Outlook (Revenue, USD Billion; 2019-2030)
- Solution
- Autonomous Sensors and Systems
- Robotics and Subsystems
- Software
- Others
- Services
- Satellite Servicing
- On-orbit Assembly
- Surface Mobility
- De-orbiting Services
- Others
· Application Outlook (Revenue, USD Billion; 2019-2030)
- Near Space
- Space Operations
- Space Exploration
- Space Transportation
- In Space 3D Printing
- Others
- Deep Space
- Space Transportation
- Space Exploration
- Ground
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Government
- Defense Department
- Space Agencies
- Others
- Commercial
- Private Satellite Operators
- Launch Service Providers
- Others
Space Robotics Market Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Space Robotics Market , gauging their revenue share over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Highlights of the Table of Contents:
1.Global Space Robotics Market Report Overview:
Research Scope
Key Space Robotics Market segments
Space Robotics Market Major players
Space Robotics Market analysis by product
Space Robotics Market analysis by application
2. Report timeline
Global Growth Trends
Global Space Robotics Market size
Latest trends of the Space Robotics Market by region
3. 3Key growth trends
Global Space Robotics Market by Product
Global Space Robotics Market Sales by Product
Global Space Robotics Market by Product Revenue
About Emergen Research
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