DUBLIN--(BUSINESS WIRE)-- The "Space Robotics Market by Solution, Services (Satellite Servicing, On-orbit Assembly & Manufacturing, De-orbiting Services, Re-supply, Surface Mobility, & Launch Support), Application, End-User, and region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The space robotics market is estimated to be USD 2.88 billion in 2018 and is projected to reach USD 4.36 billion by 2023, at a CAGR of 8.64% from 2018 to 2023.

The growth of the space robotics market is driven by several factors, including the growing demand for servicing existing geostationary satellites, debris removal, and technological advancements in autonomous systems, and the increasing demand for on-orbit manufacturing and assembly in the International Space Station (ISS) from government agencies and commercial entities.

Regulatory implementations by various space regulatory authorities is the major factor expected to restrain the growth of the space robotics market.

Based on solution, the satellite servicing segment is estimated to lead the space robotics market in 2018. The growth of the satellite servicing segment can be attributed to the increasing demand and requirement for space-based services, such as satellite servicing, de-orbiting services, surface mobility, and resupply services.

Based on application, the near space segment of the space robotics market is expected to grow at the highest CAGR during the forecast period. Growth of the near space segment can be attributed to the demand for resupply missions for the International Space Station (ISS), on-orbit satellite manufacturing, and increasing need to service the existing geosynchronous satellites.

Based on end user, the commercial segment of the space robotics market is projected to grow at a higher CAGR, as compared to the government segment, during the forecast period due to the growing demand for satellite servicing, refueling and mission extension services which offer opportunities for satellite operators/owners by extending the life of satellites and thus generate revenue from existing satellite fleets, and provide greater flexibility in managing in-orbit satellite fleets.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Space Robotics Market, By Solution

8 Space Robotics Market, By Application

9 Space Robotics Market, By End User

10 Regional Analysis

11 Competitive Landscape

12 Company Profiles

• Altius Space Machines
• Astrobotic Technology
• Effective Space Solutions
• Honeybee Robotics
• iSpace
• Made in Space
• Maxar Technologies
• Metecs
• Motiv Space Systems
• Northrop Grumman
• Olis Robotics
• Space Applications Services
• Stinger Ghaffarian Technologies (SGT)

For more information about this report visit https://www.researchandmarkets.com/research/56j4ps/4_36_billion?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181024005421/en/

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