Space Robotics Market | Exactitude Consultancy Reports

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Space Robotics Market by Solution (Services, remotely operated vehicles, Remote manipulator system), by Application (Near space, Deep space, Ground), by End user (Commercial, Government), and Region, Global trends and forecast from 2023 to 2029

The space robotics market is expected to grow at 8.2% CAGR from 2023 to 2029. It is expected to reach above USD 7.16 Billion by 2029 from USD 3.40 Billion in 2020.

Segment Analysis
The space robotics market is segmented based on solution, application, end user and region.

By solution, the market is bifurcated into (Services, Remotely operated vehicles, Remote manipulator system). By application into (Near space, Deep space, Ground). By end user into (Commercial, Government) and region.

With a market share of over 38% and the highest revenue, the services category led the market in 2021. However, the Remotely Operated Vehicles (ROVs) sector is anticipated to grow at the quickest CAGR from 2020 to 2029, maintaining its dominating position in the market. The ROVs market is further divided into three sub segments space probes, rovers/spacecraft landers, and others. Robots used to explore the surfaces of planets are called rovers, and they are built to carry out a variety of functions, including data interpretation and transmission, planet exploration, image capture, and excavating.

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