TEXAS, USA, March 4, 2022 /EINPresswire.com/ — Global space robotics market Size, Share and Trend Analysis Report by Service Type (In-Orbit Assembly and Manufacturing, Satellite Servicing, De-Orbit Services, Surface Mobility, Launch Support, Resupply), by Application (Deep Space, Near Space), by End-User (Government, Commercial) Forecast Period (2021-2027)
The global space robotics market is expected to grow at a considerable CAGR of 6.3% during the forecast period (2021-2027). The growing trend of using autonomous systems and AI technology in robotics is expanding the horizon of space exploration. The increase in the number of unmanned space missions has driven the growth of the global space robot market. However, the implementation of regulation by various space regulatory authorities is a key factor likely to restrain the growth of the global space robotics market.
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The space robotics market is segmented on the basis of service type, application, and end user. On the basis of type of service, the space robotics market is segmented into in-orbit assembly and manufacturing, satellite servicing, de-orbit services, surface mobility, launch assistance, and resupply 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.
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, North America held a huge market share of XX% in the space robotics market. The high demand for space robotics for space exploration activities from leading institutions such as NASA and the Department of Defense due to the reliance on space assets to enhance the safety of operations space is a key driver of regional market growth.
Major players contributing to the global space robotics market are Altius Space Machines, Inc., Astrobotic Technology, Inc., Effective Space Solutions Ltd., Maxar Technologies, Inc., Motiv Space Systems, Inc., Northrop Grumman Corp., etc. . to. Product advancement is one of the key strategies of the players operating in the market. Mergers and acquisitions, collaboration and partnership, among others, are other growth strategies adopted by major players to stay competitive in the global space robotics market.
Research methodology :
The market study of the global space robotics market is integrated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to divide the market into different segments, infer the total market size, market forecast and growth rate. Different approaches have been worked to derive market value and market growth rate. Our team collects market related facts and data from different geographies to provide a better regional perspective. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Figures extracted from secondary research have been authenticated by performing appropriate primary research. This includes researching and interviewing key people in the industry to validate the data. This allows our analyst to derive the closest possible numbers without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity to our reports.
Secondary sources include:
Financial reports of companies involved in the market.
White papers, research articles and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis of the market size, predicted quality of service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market deeply integrating different patterns.
Market segmentation :
Research and analysis of the global space robotics market by type of service
Global Space Robotics Market Research and Analysis by Application
Global Space Robotics Market Research and Analysis by End User
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The report covers:
Comprehensive research methodology of the Global Space Robotics Market.
This report also includes a detailed and comprehensive overview of the market with key analyst insights.
A comprehensive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global Space Robotics market.
Overview of market determinants driving the global space robotics market.
Detailed and extensive market segments with the regional breakdown of forecast revenue.
Detailed profiles and recent developments of market players.
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