Space Robotics Market Share, Segmentation, Report 2025 - PowerPoint PPT Presentation

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Space Robotics Market Share, Segmentation, Report 2025

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The key companies operating in the space robotics market include Oceaneering International, Maxar Technologies, Northrop Grumman, Astrobotic Technologies, Motiv Space Systems – PowerPoint PPT presentation

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Title: Space Robotics Market Share, Segmentation, Report 2025


1
Space Robotics market to grow at 6 CAGR from
2019 to 2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Space Robotics Market
  • North America is a leading participant in the
    Space robotics market owing to the presence of
    national organizations, including NASA and CSA,
    that are actively working toward the industry
    development. The U.S. and Canada are investing
    huge amounts in RD and technology enhancement to
    achieve space exploration initiatives. The Asia
    Pacific space robotics market is also growing at
    a rapid pace in countries including India, Japan
    and China due to several on-going and upcoming
    space projects. In September 2018, Japan
    Aerospace Exploration Agency announced that its
    two rovers had successfully landed on an asteroid
    named Ryugu and started a survey on its surface.
    These robots are efficiently working in the low
    gravity environment, allowing them to gain
    knowledge on Ryugus physical aspects.
  • The space robotics market is experiencing a rapid
    technical development owing to the integration of
    AI technologies into the systems developed for
    space exploration. Several companies are
    developing AI-based robots that provide enhanced
    mobility manipulation benefits. These machines
    can perform highly-complex tasks for a longer
    duration and offer minimal human dependence. The
    integration of AI offer 3D perception and
    proximity GNC to robots, which will support
    resistance against environmental conditions and
    offer high flexibility, accuracy, and control. In
    November 2018, an AI-based robot, CIMON started
    its first conversation with the spacefaring crew.
    The robot is designed by DLR Germany in
    collaboration with IAM and Airbus. Moreover, the
    increasing experiments projects related to
    space exploration by government agencies globally
    are attributing to the market demand.

3
Continue
  • In the space robotics market, robotic arms are
    witnessing a high demand for the deployment in
    advanced space systems. Robotic arms aid
    astronauts in lifting and handling heavy large
    objects in space. Moreover, rovers are spacecraft
    that use exploration vehicles and perform the
    transportation of crew members from one
    spaceflight to another. The companies working in
    the market are developing partially or fully
    autonomous rovers for exploration
    transportation applications. In January 2019,
    NASA announced that it has developed a unique
    rover for the Mars 2020 mission, which is painted
    with a formulation for reducing chemical gas
    release that will impact scientific experiments.
  • In the space robotics market, near space
    exploration transportation segments are gaining
    popularity due to several missions working on
    asteroid survey missions, which are near to the
    Earths surface. The need for continuous
    maintenance servicing of the existing
    satellites is creating a huge demand for this
    segment, adding up to the market growth. The near
    space transportation segment utilizes advanced
    transportation systems that support transporting
    of heavy cargos to the existing objects for
    repairing other purposes. Various companies are
    gaining huge investments to carry out their near
    space transportation projects. For instance, in
    May 2018, Zero 2 Infinity, a near space
    transportation company announced that it has
    gained an investment of USD 1.30 million from
    Crowdcube in support of its space accessibility
    project.

4

Browse Full Research Report On Space Robotics
Market _at_ https//bit.ly/2PbR0ag Request for
a sample of this research report _at_
https//bit.ly/2VUZNTU gminsights.com/request-to
c/upcoming/1797
5
  • China space robotics market, by
    application, 2019 2025 (USD Million)

6
Continue
  • Commercial applications in the space robotics
    market are growing due to technical advancements
    and various exploration missions adopted by
    governments along with companies. In March 2019,
    SpaceX announced the launch of Crew Dragons
    demonstration mission, which was intended for
    demonstrating the companys capabilities
    including safety of astronauts to fly to and from
    the International Space Station. The spacecraft
    is Americas first one to autonomously dock along
    with the orbiting laboratory. The segment
    includes companies that include satellite
    operators private owners, launching service
    providers, and exploration companies, which aid
    in the proper functioning of spaceflights, adding
    up to the market growth.
  • The key companies operating in the space robotics
    market include Oceaneering International, Maxar
    Technologies, Northrop Grumman, Astrobotic
    Technologies, Motiv Space Systems, Altius Space
    Machines, etc. These players are investing
    heavily on RD activities to develop new
    solutions related to exploration and
    transportation in both deep near spaces.
    Strategies, such as partnerships contracts,
    with other companies government organizations,
    such as NASA, ISRO, etc., are strengthening their
    position in the market. In November 2018,
    Northrop Grumman announced that its Cygnus
    spacecraft completed berthing operations with the
    ISS. The spacecraft carried about 7,400 pounds of
    supplies, cargos, and other scientific
    experiments.

7
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