Canada Space Robotics Market Size & Outlook, 2021-2028
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Canada space robotics market highlights
- The Canada space robotics market generated a revenue of USD 257.3 million in 2021 and is expected to reach USD 454.7 million by 2028.
- The Canada market is expected to grow at a CAGR of 8.5% from 2022 to 2028.
- In terms of segment, remote manipulator system (rms) was the largest revenue generating solution in 2021.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Space robotics market data book summary
| Market revenue in 2021 | USD 257.3 million |
| Market revenue in 2028 | USD 454.7 million |
| Growth rate | 8.5% (CAGR from 2021 to 2028) |
| Largest segment | Remote manipulator system (rms) |
| Fastest growing segment | Services |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Remotely Operated Vehicles (ROV), Remote Manipulator System (RMS), Software, Services |
| Key market players worldwide | Maxar Technologies, Northrop Grumman Corp, Oceaneering International Inc, Altius Space Machines, Astrobotic Technology, Honeybee Robotics, Intuitive Machines, Metecs, Motiv Space Systems |
Other key industry trends
- In terms of revenue, Canada accounted for 6.2% of the global space robotics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. space robotics market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 454.7 million by 2028.
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Space Robotics Market Scope
Space Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Motiv Space Systems | View profile | 51-100 | Pasadena, California, United States, North America | https://www.motivss.com |
| Metecs | View profile | 11-50 | Houston, Texas, United States, North America | https://www.metecs.com |
| Intuitive Machines | View profile | 251-500 | Houston, Texas, United States, North America | https://intuitivemachines.com |
| Honeybee Robotics | View profile | 251-500 | Longmont, Colorado, United States, North America | http://www.honeybeerobotics.com/ |
| Astrobotic Technology | View profile | 101-250 | Pittsburgh, Pennsylvania, United States, North America | http://www.astrobotic.com |
| Altius Space Machines | View profile | 11-50 | Broomfield, Colorado, United States, North America | http://www.altius-space.com/ |
| Oceaneering International Inc | View profile | 10100 | 5875 North Sam Houston Parkway, Suite 400, Houston, TX, United States, 77086 | https://www.oceaneering.com |
| Maxar Technologies | View profile | 1001-5000 | Westminster, Colorado, United States, North America | https://www.maxar.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
Canada space robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to space robotics market will help companies and investors design strategic landscapes.
Remote manipulator system (rms) was the largest segment with a revenue share of 39.91% in 2021. Horizon Databook has segmented the Canada space robotics market based on remotely operated vehicles (rov), remote manipulator system (rms), software, services covering the revenue growth of each sub-segment from 2016 to 2028.
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Our clientele includes a mix of space robotics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada space robotics market , including forecasts for subscribers. This country databook contains high-level insights into Canada space robotics market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Canada space robotics market size, by remotely operated vehicles (rov), 2016-2028 (US$M)
Canada Space Robotics Market Outlook Share, 2021 & 2028 (US$M)
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