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Space Rovers Market Set For Next Leg Of Growth | Space Applications Services NV/SA, Astrobotic Technology, Inc.

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Space Rovers Market Set For Next Leg Of Growth | Space Applications Services NV/SA, Astrobotic Technology, Inc.

June 09
14:40 2021
Space Rovers Market Set For Next Leg Of Growth | Space Applications Services NV/SA, Astrobotic Technology, Inc.

Space Rovers Market
Space Rovers Market by Type (Lunar Surface Exploration, Mars Surface Exploration, and Asteroids Surface Exploration) and Application (Commercial/Mining and Research)

Space Rovers Market: Global Opportunity Analysis and Industry Forecast, 2020-2030  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Space Rovers market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Space Rovers market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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 “Space rovers’ market by type and application: opportunity analysis and industry forecast, 2020–2030,” the global space rovers market was valued at $431.3 million in 2019, and is projected to reach $998.3 million by 2030, registering a CAGR of 9.2%.

 

North America dominates the market in terms of revenue, followed by Europe, Asia Pacific and LAMEA. U.S. dominated the global space rovers market share in 2019, and is expected to grow at a significant rate during the forecast period, owing to large investments in the national space agency, NASA and favorable space regulations for commercial missions. Space rovers are special vehicles designed to traverse over rough, mountainous terrain of extraterrestrial bodies such as planets, moons, and asteroids. A rover is equipped with cameras, sensors, robotic arms, and other equipment to map surroundings and collect rocks, soil, and water samples. They help to examine atmosphere of outer space entities before planning a human space exploration mission. Several space rovers have been sent on Mars, Moon, and even asteroids over past few decades to find traces of water and/or past life. In recent years, the market for space mining has gained traction and several space agencies are planning to launch rovers and orbiters to distinct celestial bodies to explore presence of different materials such as gold, platinum, silver, titanium, iron, aluminum, cobalt, and nickel.

 

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By type, the market is categorized into lunar surface exploration, mars surface exploration, and asteroids surface exploration. The mars surface exploration segment accounted for the highest revenue in 2019, owing to rise in investments for mars exploration missions by several space agencies such as NASA, JAXA, and ISRO.  In addition, continuous developments in improving efficiency of rover missions has allowed scientists to equip rovers with modern technologies such as its robust design, fully autonomous maneuverability, superior entry, descent, and landing technologies. Such technologies enhance success rate of space missions. Moreover, the lunar surface exploration segment is anticipated to show a significant CAGR during the forecast period, owing to various moon exploration missions, such as NASA’s Commercial Lunar Payload Services (CLPS) program, Chandrayaan-3, and Emirates Lunar Mission, planned in the upcoming years.

 

On the basis of application, the space rovers market is segregated into commercial/mining and research. The research segment dominated the space rovers segment in 2019, owing to the launch of space rover missions for research purposes i.e., to find traces of water and past lives on extraterrestrial bodies. However, commercial/mining applications are becoming immensely popular, owing to prospects of mining precious metals such as gold, platinum, and silver; and increase in participation of private players in the space mining segment.

 

Rise in investments for space explorations across the globe and surge in investments in space mining are expected to drive growth of the global space rovers market. However, factors such as the high costs involved in space exploration missions and high chances of failure of space exploration projects are expected to restrain growth of the market during the forecast period. Furthermore, supportive government regulations are expected to offer potential opportunities for the global space rovers market during the forecast period.

 

COVID-19 Impact Analysis

 

The COVID impact on the space rovers market is unpredictable and it is expected to remain in force till the second quarter of 2021.

The COVID-19 outbreak forced governments across the globe to divert their investments from space programs to strengthen healthcare services to manage spread of the virus. This led to significant delays in space missions in several nations.

Moreover, nationwide lockdowns disrupted supply-chain as several space technology part manufacturers had to partially or fully shut down their operations.

The adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of innovative space rovers technologies.

Key Findings Of The Study

By type, the lunar surface exploration segment is expected to register a significant growth during the forecast period.

By application, the commercial/mining segment is anticipated to exhibit significant growth in the near future.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global space rovers market include Space Applications Services NV/SA, Astrobotic Technology, Inc., Planetary Transportation Systems GmbH, ispace, inc., Maxar Technologies, Motiv Space Systems, Inc., Honeybee Robotics, Northrop Grumman, Toyota Motor Corporation, and Airbus S.A.S.

 

The report also includes space agencies such as National Aeronautics and Space Administration (NASA), Japan Aerospace Exploration Agency (JAXA), Indian Space Research Organisation (ISRO), Canadian Space Agency (CSA), UAE Space Agency, State Space Corporation ROSCOSMOS (ROSCOSMOS), European Space Agency (ESA), and China National Space Administration (CNSA).

For more information or any query mail at [email protected]

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

The Study Explore COVID 19 Outbreak Impact Analysis

 

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Space Rovers Market Report:

CHAPTER 1:INTRODUCTION

1.1.Report description

1.2.Key benefits for stakeholders

1.3.Key market segments

1.4.Research methodology

1.4.1.Primary research

1.4.2.Secondary research

1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.2.Key findings

3.2.1.Top impacting factors

3.2.2.Top investment pockets

3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.4.Key player positioning, 2019

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increasing investments for space explorations across the world

3.5.1.2.Rise in investments in space mining

3.5.2.Restraints

3.5.2.1.High costs involved in the space exploration missions

3.5.2.2.High chances of the failure of space exploration projects

3.5.3.Opportunities

3.5.3.1.Supportive government regulations

3.5.3.2.Technological Advancements in 3D printing technology

3.6.COVID-19 impact analysis

 

3.6.1.Evolution of outbreak

3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trends

3.6.2.2.Technology trends

3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP

3.6.3.2.Import/export analysis

3.6.3.3.Employment index

3.6.3.4.Macro-economic Indicators Projections

3.6.4.Impact on space rover Industry

CHAPTER 4:GLOBAL SPACE ROVER MARKET, BY TYPE

4.1.Overview

4.2.Lunar Surface Exploration

4.2.1.Key market trends, growth factors, and opportunities

4.2.2.Market size and forecast, by region

4.2.3.Market analysis, by country

4.3.Mars Surface Exploration

4.3.1.Key market trends, growth factors, and opportunities

4.3.2.Market size and forecast, by region

4.3.3.Market analysis, by country

4.4.Asteroids Surface Exploration

 

4.4.1.Key market trends, growth factors, and opportunities

4.4.2.Market size and forecast, by region

4.4.3.Market analysis, by country

CHAPTER 5:GLOBAL SPACE ROVER MARKET, BY APPLICATION

5.1.Overview

5.2.Commercial/mining

5.2.1.Key market trends, growth factors, and opportunities

5.2.2.Market size and forecast, by region

5.2.3.Market analysis, by country

5.3.Research

5.3.1.Key market trends, growth factors, and opportunities

5.3.2.Market size and forecast, by region

5.3.3.Market analysis, by country

……..and view more in complete table of Contents

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