Europe Space Robotics Market Size & Outlook, 2021-2028
Europe space robotics market, 2016-2028 (US$M)
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Europe space robotics market highlights
- The Europe space robotics market generated a revenue of USD 993.0 million in 2021.
- The market is expected to grow at a CAGR of 6.3% from 2022 to 2028.
- In terms of segment, remotely operated vehicles (rov) was the largest revenue generating solution in 2021.
- Remotely Operated Vehicles (ROV) is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 993.0 million |
| Market revenue in 2028 | USD 1,526.1 million |
| Growth rate | 6.3% (CAGR from 2021 to 2028) |
| Largest segment | Remotely operated vehicles (rov) |
| Fastest growing segment | Remotely Operated Vehicles (ROV) |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 24.0% of the global space robotics market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,195.4 million by 2028.
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Space Robotics Market Scope
Space Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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.
Remotely operated vehicles (rov) was the largest segment with a revenue share of 41.51% in 2021. Horizon Databook has segmented the Europe 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 continent-level data and insights on the Europe space robotics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe space robotics market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe space robotics market size, by country, 2016-2028 (US$M)
Europe Space Robotics Market Outlook Share, 2021 & 2028 (US$M)
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