The global space robotics market is anticipated to exhibit significant CAGR of 6.3% during the forecast period (2021-2027). The rise in demand for efficient repair, service, and maintenance of geostationary satellites in extreme conditions of space has driven the demand for autonomous space robots. Europe is making considerable contribution in the advancement of space robotics technology. In July 2021, European Space Agency (ESA) has launched European Robotic Arm (ERA) into space. ERA is the first robot capable of ‘walking’ around the Russian parts of the orbital complex. It can handle components up to 8000 kg with 5 mm precision, and it will transport astronauts from one working site to another. The launch of such robots in space is further driving the growth of the space robotics market.
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The space robotics market is segmented on the basis of service type, application, and end-user. Based on service type, the space robotics market is segmented into on-orbit assembly & manufacturing, satellite servicing, de-orbiting services, surface mobility, launch support, and re-supply services. Based on application, the space robotics market is segmented into deep space and near space. Based on end-user, the market is segmented into government and commercial.
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The global space robotics market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in space robotics market. The high demand for space robotic for space exploration activities from prominent establishments such as NASA and the Department of Defense owing to dependency over space resources to empower safety in space operations is a key factor driving the growth of the regional market. Moreover, the presence of key market players across the region is another major factor driving the growth of the regional market.
Global Space Robotics Market – Segmentation
by Service Type
On-orbit Assembly & Manufacturing
Global Space Robotics Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Altius Space Machines, Inc.
ASIMOV Robotics Pvt Ltd.
Astrobotic Technology, Inc.
BluHaptics, Inc. (Olis Robotics)
Effective Space Solutions Ltd.
Intuitive Machines, LLC
Made In Space, Inc.
Maxar Technologies, Inc.
Motiv Space Systems, Inc.
Northrop Grumman Corp.
Oceaneering International, Inc.
PIAP Space Sp. Z
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