Space Robots Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Space Robots Market is segmented by Product (Rovers/Spacecraft Landers, Space Probes, Robotic Servicing Vehicles, Gripping and Docking Systems, Robotic Arms/Manipulator Systems, and Other Products), Application (Deep Space and Near Space), and Geography.

Space Robots Market Snapshot

Space Robots Market Size
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6 %
Space Robots Market Major Players

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Market Overview

The space robots market is projected to register a CAGR of more than 6% during the forecast period.

  • Space robots are used to perform activities, like space manufacturing, maintenance, exploration, servicing, and numerous other activities in space. They are designed to withstand harsh environmental conditions in space.
  • With the boom in Industry 4.0, the advancements in robotics and artificial intelligence are helping the market by bringing innovative technologies into robots used in various space applications.
  • The space sector is currently attracting huge investments, and the demand for activities, like space exploration, space mining, on orbit assembly, and debris removal is expected to further boost the market for space robots in the years to come.

Scope of the Report

The others segment in segmentation by product includes deorbiting robots/systems, crawler-transporters, launch support vehicles, and resupply robots. In addition to this, in segmentation by application, the deep space segment gives details of the robots used in deep space exploration and transportation, while the near space segment covers the robots used in in-space 3D printing, space operations/scientific experimentation, near space transportation, in-space maintenance, and inspection, among others.

Product
Rovers/Spacecraft Landers
Space Probes
Robotic Servicing Vehicles
Gripping and Docking Systems
Robotic Arms/Manipulator Systems
Other Products
Type
Deep Space
Near Space
Geography
North America
United States
Canada
Europe
United Kingdom
Russia
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Deep Space Segment is Projected to Register with the Highest CAGR During the Forecast Period

In segmentation by application, currently, the deep space segment has the largest market share in the space robots market. There is an increase in the use of robots in deep space applications, as it is difficult for humans to sustain the harsh environmental condition in space, especially in deep space where living beings cannot survive. Space agencies and private firms are developing deep space robots that could function in hostile environments. For instance, NASA is currently working on its latest space-exploring robot, which is dubbed the Shapeshifter. It is a flying amphibious robot that has capabilities like rolling, flying, floating, and swimming. The robots are being developed by the NASA Innovative Advanced Concepts research program, Ali Agha of the Jet Propulsion Lab. Once fully developed, the robots can explore Saturn's moon, Titan, which is known to have liquid (in the form of methane seas) on its surface. Such developments are expected to drive the market for the deep space robots in the years to come.

Space Robots Market Research

North America has the Largest Share in the Space Robots Market

Currently, North America has the largest share in the space robots market. Several private companies are developing space robots along with NASA for various applications. In February 2020, NASA awarded a USD 5 million contract to Maxar Technologies to deliver a robotic arm called Sample Acquisition, Morphology Filtering and Probing of Lunar Regolith (SAMPLR). The arm will be used to explore the moon by acquiring samples for determining the geotechnical properties of the moon. With the growing utilization of robots in space, NASA is currently working on developing modules for the storage of robots in space. In December 2019, NASA attached Robotic Tool Stowage (RiTS), a protective storage unit for critical robotic tools, to the outside of the International Space Station. NASA also plans to increase the human and robotic collaborations for its other projects like the exploration of the Moon, Mars, and the deep space. However, during the forecast period, Asia-Pacific is expected to register the highest CAGR. Increasing investments in space robotics and the emphasis on the development of new space robots are the main growth drivers for the market in the region. For instance, the Indian Space Research Organisation (ISRO) unveiled its own half-humanoid robot, the Vyommitra in January 2020. The robot will be onboard the ISRO’s “Gaganyaan” crewed orbital spacecraft that will be launched in late 2020. Such developments are projected to boost the growth of the market in the region during the forecast period.

Space Robots Market Growth

Competitive Landscape

Northrop Grumman Corporation, Lockheed Martin Corporation, Maxar Technologies, BluHaptics Inc. (Olis Robotics), and ASTROBOTIC are some of the major players in the market. The space robots market has become fragmented over the years, due to the increasing advent of several startups into the industry in the past decade. Competition in the market is increasing, with various government space organizations developing their own robots or collaborating with private firms for sending robots to space. For instance, the Japanese Aerospace Exploration Agency (JAXA), announced a research agreement with GITAI a robotics startup, to work together to put humanoid telepresence robots in space. Investment firms are showing a keen interest in the space robots industry, which is currently showing a lot of promise. For instance, a consortium led by Northern Private Capital (NPC), a Toronto-based investment firm, announced in December 2019 that it had signed a definitive agreement to acquire MDA from Maxar Technologies for CAD USD 1 billion. The agreement is also expected to change the landscape of the competition in the market. With the growing opportunities in the space robots industry, players are further increasing their capabilities to gain new contracts and, thereby, increase their market presence.

Recent Development

In October 2021, NASA announced that it has signed a new agreement with the Australian Space Agency that will further support human and robotic lunar operations for both countries. As part of the agreement, a consortium of Australian businesses and research organizations will develop a small rover that can operate on the lunar surface.

In October 2021, the Japanese space robotics start-up GITAI announced that it has successfully conducted a technology demonstration of a its autonomous space robot, executing various tasks inside the ISS (International Space Station). Upon successful technology emanstration, NASA will install the robot inside the Nanoracks Bishop Airlock at the ISS.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Rovers/Spacecraft Landers

      2. 5.1.2 Space Probes

      3. 5.1.3 Robotic Servicing Vehicles

      4. 5.1.4 Gripping and Docking Systems

      5. 5.1.5 Robotic Arms/Manipulator Systems

      6. 5.1.6 Other Products

    2. 5.2 Type

      1. 5.2.1 Deep Space

      2. 5.2.2 Near Space

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Russia

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Northrop Grumman Corporation

      2. 6.2.2 Lockheed Martin Corporation

      3. 6.2.3 MDA Corporation (Maxar Technologies Ltd)

      4. 6.2.4 ASTROBOTIC

      5. 6.2.5 BluHaptics Inc. (Olis Robotics)

      6. 6.2.6 Effective Space Solutions Limited

      7. 6.2.7 Honeybee Robotics

      8. 6.2.8 Made in Space

      9. 6.2.9 Metecs LLC

      10. 6.2.10 Motiv Space Systems Inc.

      11. 6.2.11 Space Applications Services

      12. 6.2.12 Oceaneering International

      13. 6.2.13 GITAI Inc.*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Space Robots Market market is studied from 2018 - 2027.

The Space Robots Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Northrop Grumman Corporation, Lockheed Martin Corporation, MDA Corporation (Maxar Techzologies Ltd), ASTROBOTIC , BluHaptics Inc. (Olis Robotics) are the major companies operating in Space Robots Market.

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