India Space Robotics Market Size & Outlook, 2021-2028
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India space robotics market highlights
- The India space robotics market generated a revenue of USD 113.6 million in 2021 and is expected to reach USD 226.8 million by 2028.
- The India market is expected to grow at a CAGR of 10.4% 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.
Space robotics market data book summary
| Market revenue in 2021 | USD 113.6 million |
| Market revenue in 2028 | USD 226.8 million |
| Growth rate | 10.4% (CAGR from 2021 to 2028) |
| Largest segment | Remotely operated vehicles (rov) |
| Fastest growing segment | Remotely Operated Vehicles (ROV) |
| 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, India accounted for 2.7% 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 Asia Pacific, China space robotics market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 226.8 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 |
India 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 66.02% in 2021. Horizon Databook has segmented the India 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 India space robotics market , including forecasts for subscribers. This country databook contains high-level insights into India space robotics market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India space robotics market size, by solution, 2016-2028 (US$M)
India Space Robotics Market Outlook Share, 2021 & 2028 (US$M)
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