The most current market sizing data for the year 2023, along with projections extending to 2032, has been incorporated into The Business Research Company’s comprehensive global market reports.

The global space robotics market is poised to expand from $4.30 billion in 2022 to $4.60 billion in 2023, registering a compound annual growth rate (CAGR) of 7.0%. Further growth is projected, with the global space robotics market anticipated to reach $6.12 billion in 2027, marking a CAGR of 7.4%.

What will drive the space robotics market?
The growth in investments directed towards space missions is anticipated to propel the expansion of the space robotics market in the foreseeable future.

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Who are the major players in the market?
Prominent entities in the space robotics market landscape encompass Northrop Grumman Corporation, Altius Space Machines Inc., Astrobotic Technology Inc., Honeybee Robotics Ltd., and Maxar Technologies Inc.

Which trend is gaining popularity in the space robotics market?
A significant emphasis on research and development related to space robotics stands as the prominent trend gaining traction in the space robotics market. Leading organizations operating within this domain are dedicating their efforts to research and development for product innovation, bolstering their competitive standing within the market.

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How is the space robotics market segmented?

Global Space Robotics Market Segments Include:

• By Solution: Remotely Operated Vehicles, Remote Manipulator System, Software, Services
• By Application: Deep Space, Near Space, Ground
• By End-User: Commercial, Government
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global space robotics market in 2022.

The Space Robotics Global Market Report 2023  provides an encompassing outlook of the space robotics market, encompassing historical years (2010 – 2021) and a ten-year forecast (2023 – 2032). The forecast within the space robotics market delves into an in-depth analysis of market size, market share, leading competitors, and their strategic positions.

Space robotics, an evolving field of science and engineering, was developed for the unique demands of space exploration and missions. Space robotics are designed to operate within extremely hostile, gravity-free, and high-temperature environments.

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