Space Rovers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

MARKET DYNAMICS

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.

MARKET SCOPE

The "Global Space Rovers Market Analysis to 2031" is a specialized and in-depth study of the space rovers market with a special focus on the global market trend analysis. The report aims to provide an overview of space rovers market with detailed market segmentation by type, application. The global space rovers market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading space rovers market player and offers key trends and opportunities in the space rovers market.

MARKET SEGMENTATION

The global space rovers market is segmented on the basis of type, application. On the basis of type, market is segmented as lunar surface exploration, mars surface exploration, asteroids surface exploration. On the basis of application, market is segmented as commercial/mining, research.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global space rovers market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The space rovers market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting space rovers market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors effecting the space rovers market in these regions.

MARKET PLAYERS

The reports cover key developments in the space rovers market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from space rovers market are anticipated to lucrative growth opportunities in the future with the rising demand for space rovers market. Below mentioned is the list of few companies engaged in the space rovers market.

The report also includes the profiles of key space rovers market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   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
•   Airbus S.A.S.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Space Rovers Report Scope