Market Share of Space Robots Industry
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.
Space Robots Market Leaders
Northrop Grumman Corporation
Lockheed Martin Corporation
MDA Corporation (Maxar Techzologies Ltd)
ASTROBOTIC
BluHaptics Inc. (Olis Robotics)
*Disclaimer: Major Players sorted in no particular order
