Space Robotics Market - Revenue Outlook, Segmentation and Key Trends to 2027

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Space Robotics Market Report to 2027 by Geography
Insights and Developments Analysis
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• Growing adoption of AI technologies in a wide
  range of public and private projects will fuel
  global space robotics market share. Many space
  agencies are ramping up their exploration
  activities to get more information about planets
  and other celestial objects. Global space
  robotics market will exceed USD 4 billion in
  valuation by 2027.
• They are building advanced spacecraft that can
  withstand harsh weather conditions on different
  planets. Organizations like ISRO and NASA are
  upscaling the production of space rovers,
  landers, orbiters, and foldable robots to
  intensify their space research.
• For example, NASAs Jet Propulsion Laboratory
  (JPL) recently finished the construction of the
  Autonomous Pop-Up Flat Folding Explorer Robot
  (A-PUFFER) to explore the rough terrains on the
  Moon. Astronauts will use the robot to receive
  vital intel on locations that may otherwise be
  difficult for them to examine on foot, like
  narrow craves and inaccessible craters.
• Space robotics software will hold a sizeable
  share of the global industry. Space research
  organizations are developing software suites on a
  large scale to enhance their exploration
  capabilities and efficiency in meeting their
  goals.

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• ROS or Robotic Operating System is a collection
  of software libraries and tools to help
  organizations build high-end robot applications.
  Since it has a set of high-quality developer
  tools, space agencies are increasingly using ROS
  to develop mission-critical robotics
  technologies.
• In February 2022, Open Robotics collaborated with
  sub-orbital spaceflight company Blue Origin and
  NASA to develop space ROS. It is a brand-new
  version of ROS 2, which will be used to fulfill
  validation and verification requirements for
  aerospace software before it is used in any space
  mission.
• Advancements in space technologies have
  dramatically increased exploration activities in
  recent years. Deep space studies are an ongoing
  process to understand changes in the atmosphere
  and surrounding planets.
• For example, in October 2020, NASA provided
  conclusive evidence of water on the Moon,
  claiming that the molecule can be seen in its
  sunlit regions. Such announcements have propelled
  efforts to explore the lunar surface.
• Demand for deep space missions have prompted
  scientists to set up deep space laboratories. For
  instance, in March 2022, China established a
  deep-space exploration laboratory named Tiandu
  to assist the country in developing plans for
  lunar and other planetary missions.

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• Governments across the world have been closely
  following a variety of space missions for
  decades, either to know more about the planetary
  system or gain a technological edge over their
  rivals. Many regional governments are investing
  heavily in these space missions to encourage
  research organizations to study and build robust
  space robots.
• For example, GITAI Japan, Inc., in July 2021, won
  a procurement contract from Japans Ministry of
  Economy, Trade and Industry (METI) to develop
  extra-vehicular general-purpose robotic arm and
  hand technologies. The budget for the first year
  of this contract was set at 270 million yen (USD
  2.5 million).

• Competitive Analysis

• Global space robotics market growth will be
  positively affected by the notable presence of
  reputed organizations, such as Astrobotic
  Technology, Inc., Altius Space Machines, Inc.,
  GITAI Inc., Motiv Space Systems, MAXAR
  Technologies, Inc., Northrop Grumman, Space
  Applications Services, Honeybee Robotics Ltd, and
  SpaceX. Commercial applications are expected to
  hold a notable share of the industry, while
  government support in developed countries for
  deep space missions could foster robotics demand
  as well.

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