Space Rovers Market Outlook, Competitive Landscape and Forecasts to 2030

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Space Rovers Market
The COVID-19 outbreak led to adverse economic
situations across the world and especially
impacted the high investment industries such as
the Space industry. Several space programs across
the world had to be delayed owing to the
reduction in allotted budgets for the space
sector and the disruption in the supply chain of
key components. Only a few nations such as China
with the launch of Tianwen-1 and the U.S. with
the launch of the Mars Exploration Program were
able to lift off their space missions amid the
pandemic.
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Space Rovers Market
Mars surface exploration the global space rovers
market valued 431.30 million in 2019, and is
projected to reach 998.29 million by 2030,
registering a CAGR of 9.2. Rise in investments
for space explorations across the globe, surge in
in investments in space mining, supportive
government regulations, and technological
advancements in 3D printing technology are
anticipated to boost growth of the space rovers
market during the forecast period. However, high
costs involved in space exploration missions are
expected to hinder growth of the market. 
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Space Rovers Market

• COVID-19 Impact Analysis 
• The COVID impact on the space rovers market is
  unpredictable and it is expected to remain in
  force till the second quarter of 2021. 
• The COVID-19 outbreak forced governments across
  the globe to divert their investments from space
  programs to strengthen healthcare services to
  manage spread of the virus. This led to
  significant delays in space missions in several
  nations. 
• Moreover, nationwide lockdowns disrupted
  supply-chain as several space technology part
  manufacturers had to partially or fully shut down
  their operations.
• The adverse impacts of the COVID-19 pandemic have
  resulted in delays in activities and initiatives
  regarding development of innovative space rovers
  technologies. 

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Space Rovers Market

• Major Companies
• Space Applications Services NV/SA
• Astrobotic Technology, Inc.
• Planetary Transportation Systems GmbH
• ispace, inc.
• Maxar Technologies
• Motiv Space Systems, Inc.
• Honeybee Robotics
• Northrop Grumman
• Toyota Motor Corporation
• Airbus S.A.S.

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Space Rovers Market
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