Space Robotic Solutions Global Market Report 2024

The space robotic solutions market size has grown rapidly in recent years. It will grow from $4.11 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The historical growth can be attributed to the increasing demand for satellite deployment and servicing, a growing interest in space exploration and colonization, the need for cost-effective and efficient space missions, enhancements in satellite maintenance and repair capabilities, the expansion of commercial space activities and applications, improvements in space infrastructure and sustainability, and rising collaborations between space agencies and private companies.

The space robotic solutions market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to the expansion of space tourism and commercial space travel, the increasing demand for asteroid mining and space resource utilization, the adoption of robotics for planetary exploration and colonization, the growth of satellite constellations for global connectivity, and the focus on space debris removal and space traffic management. Major trends in the forecast period include the adoption of robotic systems for satellite servicing, the expansion of autonomous missions for asteroid mining, the integration of AI and machine learning, the growth in demand for on-orbit assembly, the adoption of swarm robotics, the integration of advanced sensors, and innovation in technology.

The space robotic solutions market is poised for growth due to the increasing number of satellite launches and space missions. These activities involve deploying satellites into Earth's orbit or other celestial bodies and are primarily driven by the growing demand for telecommunications, Earth observation, scientific research, and commercial opportunities. Space robotic solutions are crucial for tasks such as satellite assembly, maintenance, and debris removal, which enhance mission flexibility and extend spacecraft operational lifetimes. For example, according to the United Nations Office for Outer Space Affairs (UNOOSA), the number of individual satellites orbiting Earth in 2022 increased by 11.84% compared to 2021, reaching a total of 8,261. Additionally, by the end of January 2022, approximately 12,293 satellites had been launched into space. Hence, the increasing number of satellite launches and space missions is fueling the growth of the space robotic solutions market.

Key players in the space robotic solutions market are concentrating on developing advanced technologies to improve the efficiency and effectiveness of space missions. One such innovation is the Telescopic Grapple Hook ACR based on chainpick technology, designed to autonomously assemble, repair, and recycle satellites in orbit. This advanced robotic system streamlines space missions and enhances sustainability. For instance, in October 2023, Hai Robotics, a China-based company specializing in automated warehouse solutions and autonomous mobile robots (AMRs), introduced the Telescopic Grapple Hook ACR alongside innovations such as the HaiPick A42T-E2 and HaiPick System 3. These solutions address customer concerns about storage density and performance within compact warehouse spaces. Integrating the Telescopic Grapple Hook ACR into the HaiPick System 3 optimizes performance and storage density. Equipped with ChainPick technology, the grappling hook boasts a rapid picking speed of 2.7 seconds, ensuring efficient tote retrieval.

In January 2022, Blue Origin LLC, a US-based aerospace company, acquired Honeybee Robotics to expand its capabilities in addressing challenges related to next-generation space transportation, mobility, destinations, planetary science, and exploration. Honeybee Robotics, a US-based company, specializes in developing advanced robotic systems for space and extreme environments.

Major companies operating in the space robotic solutions market are Northrop Grumman Corporation, Oceaneering International Inc., Maxar Technologies Inc., iRobot Corporation, MDA Space and Robotics Ltd., Redwire Corporation, Astroscale Holdings Inc., Intuitive Machines LLC., AMP Robotics Corp., Olis Robotics Inc., D-Orbit SpA, Tethers Unlimited Inc., ClearSpace SA, Exyn Technologies Inc., Astrobotic Technology Inc., Tethers Unlimited Inc., Space Applications Services NV/SA, Metecs LLC., BluHaptics Inc., Motiv Space Systems Inc., Altius Space Machines Inc., Bradford Space Inc., Kubos Corporation, Oceaneering Space Systems Inc., Ubotica Technologies Ltd.

North America was the largest region in the space robotic solutions market in 2023. The regions covered in the space robotic solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the space robotic solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Space robotic solutions encompass robotic systems and technologies designed for a range of tasks and operations related to space exploration, satellite servicing, and other space missions. These solutions play a crucial role in executing complex and hazardous activities that are beyond the capabilities of humans to perform directly. They are utilized for spacecraft assembly and maintenance, satellite repair, object capture and relocation in space, planetary surface exploration, and scientific experiments.

The primary solutions within the realm of space robotic solutions include remotely operated vehicles, remote manipulator systems, software, and services. Remotely operated vehicles employ robotic systems controlled from a distance to execute various tasks in space environments. These applications span deep space, near space, and ground operations catering to both commercial and government end users.

The space robotic solutions market research report is one of a series of new reports that provides space robotic solutions market statistics, including space robotic solutions industry global market size, regional shares, competitors with space robotic solutions market share, detailed space robotic solutions market segments, market trends, and opportunities, and any further data you may need to thrive in the space robotic solutions industry. This space robotic solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The space robotic solutions market include revenues earned by entities by offering services such as satellite maintenance, debris removal, and lunar exploration. The market value includes the value of related goods sold by the service provider or included within the service offering. The space robotic solutions market also consists of sales of robotic arms and manipulators, autonomous rovers, docking systems, and inspection and maintenance tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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