Sellbyville, DE -- (SBWire) -- 05/07/2019 --Asia Pacific space robotics market is expected to grow over the forecast time span owing to many space exploration & research projects in countries including China, Japan, and India, majorly driving the industry growth. For instance, in January 2019, the Indian Space Research Organization (ISRO) announced that the country?s first unmanned space mission will include a humanoid robot, which is in the development stage and has multilingual features. China is also involved with several projects for space & moon exploration, which will add up to industry development prospects.
North America is a leading participant in the market owing to the presence of national organizations, including NASA and CSA, that are actively working toward the industry development. The U.S. and Canada are investing huge amounts in R&D and technology enhancement to achieve space exploration initiatives. The Asia Pacific space robotics market is also growing at a rapid pace in countries including India, Japan and China due to several on-going and upcoming space projects. In September 2018, Japan Aerospace Exploration Agency announced that its two rovers had successfully landed on an asteroid named Ryugu and started a survey on its surface. These robots are efficiently working in the low gravity environment, allowing them to gain knowledge on Ryugu's physical aspects.
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In the space robotics market, products including rovers, probes, and arms are increasingly used in both deep and near space-related projects. Robotic arms are capable of cleaning litter and debris produces in space due to lost equipment and old satellites orbiting around the planet. The increasing need to clean the debris, which is a threat to existing satellites, spaceships, and astronauts is increasing the demand for probes and arms. Governmental organizations are developing efficient robotic arms for various projects, which will aid in performing maintenance & research related tasks to astronauts. For instance, in March 2019, Canada announced an investment of USD 1.4 billion in NASA?s Lunar Gateway Program and offered a robot arm that will aid the continuous functioning of the lunar-orbiting base.
Rising enterprise and government spending towards development of space exploration technologies has propelled the space robotics market revenues, as efforts are being made to bring more efficiency into activities like equipment maintenance, satellite assembly and extraterrestrial surveys. Essentially, performing physical tasks in the orbit not only present risks for astronauts, but also require high levels of precision and control. Robotic arms or manipulator systems can provide the necessary accuracy and automation to safely repair and maintain spatial objects. Continuous improvement of automated systems and the ability of robots to significantly increase productivity will fuel the space robotics industry expansion.
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Commercial applications in the space robotics market are growing due to technical advancements and various exploration missions adopted by governments along with companies. In March 2019, SpaceX announced the launch of Crew Dragon's demonstration mission, which was intended for demonstrating the company's capabilities including safety of astronauts to fly to and from the International Space Station. The spacecraft is America's first one to autonomously dock along with the orbiting laboratory. The segment includes companies that include satellite operators & private owners, launching service providers, and exploration companies, which aid in the proper functioning of spaceflights, adding up to the market growth.
In the space robotics market, robotic arms are witnessing a high demand for the deployment in advanced space systems. Robotic arms aid astronauts in lifting and handling heavy & large objects in space. Moreover, rovers are spacecraft that use exploration vehicles and perform the transportation of crew members from one spaceflight to another. The companies working in the market are developing partially or fully autonomous rovers for exploration & transportation applications. In January 2019, NASA announced that it has developed a unique rover for the Mars 2020 mission, which is painted with a formulation for reducing chemical gas release that will impact scientific experiments.
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Space Robotics Market Is Slated to Grow Substantially from 2019 to 2025, Asia Pacific Dominated the Regional Landscape
Space Robotics Market in commercial applications in the space robotics market are growing due to technical advancements and various exploration missions adopted by governments along with companies.