Canada Space Robotics Market Size & Outlook, 2021-2028
Canada space robotics market, 2016-2028 (US$M)
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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 |
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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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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.
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Canada space robotics market size, by solution, 2016-2028 (US$M)
Canada Space Robotics Market Outlook Share, 2021 & 2028 (US$M)
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