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The objective of the Space Robotics Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Space Robotics Market.
Market Insights – The Space Robotics Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Space Robotics Market are-
Altius Space Machines
Astrobotic Technology
Effective Space Solutions
Honeybee Robotics
ITT Corporation
Maxar Technologies
Motiv Space Systems
Northrop Grumman
Olis Robotics
Stinger Ghaffarian Technologies (SGT).
Growth drivers and Market Value:
This report, from Stratview Research, studies the Space Robotics Market value and growth drivers over the trend period of 2022-27. According to the report -
Space robotics market is likely to witness an impressive CAGR of 10.2% during the forecast period. The growth of the space robotics market is driven by a wide array of factors, such as increasing demand for servicing prevailing geostationary satellites, debris elimination, and technological progressions in self-governing systems, and collective demand for on-orbit engineering and assembly in the International Space Station (ISS) from various government agencies and commercial entities.
Segment Analysis:
Based on Solution Type:
Based on the solution type, the market is segmented as services and products. The satellite servicing segment led the market in 2018, and is estimated to remain dominant during the forecast period. The growth of the satellite servicing segment can be attributed to the escalating demand and requirement for space-based services, such as satellite servicing, de-orbiting services, surface mobility, and resupply services.
Based on Region:
In terms of regions, North America was expected to register the largest share of the space robotics market in 2018, and the region is expected to continue its dominance during the forecast period as well. The market is driven by high demand for space robotic activities from prominent establishments, such as NASA and the Department of Defense, owing to the rising dependence on space resources and for empowering safety in space operations. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Space Robotics Market?
l How the Space Robotics Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Space Robotics Market?
l What are the key strategies adopted by the major vendors to lead in the Space Robotics Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Space Robotics Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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