+1-888-308-5802     
News Contact Us

APAC Space Robotics Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-07 

The Asia Pacific space robotics market is also likely to emerge as a strong contender due to increasing implementation of major space projects. For example, the Indian Space Research Organization’s second moon mission Chandrayaan 2 is the nation’s first attempt at robotic space explorations. Increasing adoption of space robotics engineering for upcoming space programs and explorations would primarily contribute to expanding Asia Pacific space robotics market size.

The North America space robotics market is currently a highly profitable growth ground owing to the presence of substantially funded organizations like NASA and the Canadian Space Agency. The region is also witnessing several ongoing and upcoming space missions that are anticipated to generate considerable demand for space robots, further strengthening the region’s space robotics industry size.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3219

Space Robotics Market is expected to exceed USD 3.5 billion by 2025. Increasing government investments and projects related to space research and exploration in several countries is driving the industry demand. The launch of several satellites and spaceships working in deep and near spaces require timely maintenance and repairing, creating the need for highly efficient robotic systems. National organizations such as NASA, CSA, JAXA, etc., are introducing humanoid robots to perform the maintenance, servicing, and transportation operations to gain high efficiency, further developing the market. The rising trends of autonomous features and AI technology in robotic products will drive rapid industry expansion.

In the space robotics market, products including rovers, probes, and arms are increasingly used in both deep and near space-related projects. Robotic arms are capable of cleaning litter and debris produces in space due to lost equipment and old satellites orbiting around the planet. The increasing need to clean the debris, which is a threat to existing satellites, spaceships, and astronauts is increasing the demand for probes and arms. Governmental organizations are developing efficient robotic arms for various projects, which will aid in performing maintenance & research related tasks to astronauts. For instance, in March 2019, Canada announced an investment of USD 1.4 billion in NASA's Lunar Gateway Program and offered a robot arm that will aid the continuous functioning of the lunar-orbiting base.

Government applications in the space robotics market are rapidly developing due to several R&D activities and satellite launches for defense & security purposes in countries including the U.S., China, Israel, etc., contributing to industry growth. Moreover, the growing awareness related to space exploration and satellite launch programs that will aid defense & military activities is creating the demand for robotic technology. In the UK, the government is offering huge funding for R&D and demonstrating projects under its Innovate UK programs, such as the FAIR-SPACE hub and other projects, creating growth prospects the market.

Request for customization @ https://www.gminsights.com/roc/3219

Key companies in the space robotics market are SpaceX, Northrop Grumman, Honeybee Robotics, Maxar Technologies, Orbital ATK, Altius Space Machines, Motiv Space Systems, etc. Companies are investing highly in R&D capabilities to develop efficient & technically advanced robot technologies applicable in exploration & servicing operations. These players are witnessing several partnerships and contracts with government agencies for technical advancements in the space robotics market. For instance, in December 2018, MDA announced that the company has signed four contracts with Canada under its Defence Innovation Research Program.

Table of Contents (ToC) of the report:

Chapter 1. Methodology and Scope

1.1. Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Space robotics industry 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Solution trends

2.1.4. Application trends

2.1.5. End-use trends

Chapter 3. Space Robotics Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2025

3.3. Industry ecosystem analysis

3.3.1. Suppliers

3.3.2. Manufacturers

3.3.3. Software & technology providers

3.3.4. Service providers

3.3.5. Distribution channel analysis

3.3.6. End-use landscape

3.3.7. Vendor matrix

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Government investments and projects related to space robotics in North America & Europe

3.6.1.2. Increasing focus on space exploration missions in Asia Pacific

3.6.1.3. Adoption of several research & technology development projects in Europe

3.6.1.4. Development of advanced space systems in Israel

3.6.2. Industry pitfalls & challenges

3.6.2.1. High investments for manufacturing & developing robotic systems

3.6.2.2. Technical issues in extreme environmental conditions

3.7. Growth potential analysis

3.8. Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis

3.9.2. Strategy dashboard (New product development, M&A, R&D, Investment landscape)

3.10. PESTEL analysis

 Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/space-robotics-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Therapeutic Vaccines Market COVID-19 Impact Analysis, Trends, Business Growth & Forecast 2020-2026

Published Date: 2020-09-30         Author: Ronak Bora

The therapeutic vaccines market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends character... Read More

Home Healthcare Software Market Revenue Forecast 2020-2026 By Regional Manufacturers

Published Date: 2020-09-30         Author: Ronak Bora

The home healthcare software market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these fall along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also includ... Read More

Minimally Invasive Female Urinary Incontinence Devices Market 2020 By Industry Trends & Regional Forecast To 2026

Published Date: 2020-09-30         Author: Ronak Bora

A detailed analysis of the minimally invasive female urinary incontinence devices market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the st... Read More

© 2020 Fractovia. All Rights Reserved