According to a new report, published by KBV research, The Global Deep Space Robotics Market size is expected to reach $2.40 billion by 2031, rising at a market growth of 7.8% CAGR during the forecast period.
The Commercial segment is anticipating a CAGR of 8.5% during (2024 - 2031). The rise of private space companies, including SpaceX, Blue Origin, Northrop Grumman, and Astrobotic, has significantly driven commercialization in space robotics. These companies are developing robotic systems for satellite servicing, space infrastructure assembly, and asteroid mining, aiming to establish sustainable business models beyond Earth’s orbit. The growing interest in space tourism, private lunar missions, and deep space mining has further accelerated commercial investments in robotic technologies.
The Satellite Servicing segment is leading the Global Deep Space Robotics Market by Application in 2023; thereby, achieving a market value of $1.3 billion by 2031. The rising demand for satellite maintenance, repair, and life extension has fuelled the growth of this segment. Robotic systems are increasingly being deployed to conduct in-orbit inspections, repairs, and component replacements, reducing the need to launch new satellites and minimizing operational costs. Additionally, advancements in autonomous robotic arms and AI-powered servicing technologies have enabled precise docking and maintenance of satellites.
The services segment would register a CAGR of 7.4% during (2024 - 2031). The growing demand for maintenance, mission support, and system integration services has significantly contributed to the expansion of this segment. With deep space missions becoming more complex and long-term, the need for specialized services, including remote monitoring, software updates, and troubleshooting, has increased.
Full Report: https://www.kbvresearch.com/deep-space-robotics-market/
The North America region dominated the Global Deep Space Robotics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $955.7 Million by 2031. The Europe region is expected to witness a CAGR of 7.6% during (2024 - 2031). Additionally, The Asia Pacific region is expected to witness a CAGR of 8.4% during (2024 - 2031).
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