The space robotics market is estimated to be USD 2.58 billion in 2017 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023. Objectives of the Study: The report analyzes the space robotics market on the basis of solution, application, end user, and region. Based on solution, the market has been segmented into product and services. The product segment has been further divided into robotics and subsystems (rovers, space probes, Robotic Servicing Vehicles (RSV), gripping and docking systems, robotic arms/manipulator system, deorbiting robots/systems and crawler-transporter), sensors and autonomous systems, software, and services segment (on-orbit assembly and manufacturing, satellite servicing, de-orbiting services, surface mobility, launch support services and resupply). Based on application, the space robotics market has been segmented into deep space segment (space transportation, and space exploration), near space (in-space 3D printing, space operations/scientific experimentation, space transportation, space exploration and in-space maintenance & inspection), and ground. Based on end user, the market has been segmented into government and commercial. The government segment has been further divided into space agencies, and departments of defense, among others. The space robotics market has been studied for North America, Europe, Asia Pacific, and Rest of the World. The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the space robotics market (drivers, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market. The report also covers competitive developments, such as long-term contracts, partnerships, expansions, new product launches, agreements, and research & development activities in the market, in addition to the business and corporate strategies adopted by key market players. Research Methodology: Market size estimation for various segments and subsegments of the space robotics market was arrived at by referring to varied secondary sources, such as press releases, company annual reports, NASA space robotics documents, European space robotics documents, white papers, publications, and industry outlooks, and in corroboration with primaries. Furthermore, the market was triangulated with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report. The ecosystem of the space robotics market comprises space agencies, intelligence communities, space robotics solution providers, software providers, and end users. Some of the key players in the market include Maxar Technologies (US), Motiv Space Systems (US), Altius Space Machines (US), Northrop Grumman (US), Honeybee Robotics (US), Astrobotic Technology (US), Made In Space (US), and Effective Space Solutions Limited (UK). These players have adopted contracts, new product developments, and agreements & partnerships strategies to strengthen their positions in the market. Target Audience: Space Regulatory Authorities Space Agencies Space Research Institutes Space Insurance Organizations Space Industry Spacecraft Operators Full Report @ https://www.marketsandmarkets.com/Market-Reports/space-robotic-solution-market-61497036.html
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