AI in Space Exploration Market Analysis, Growth Prospects, Manufacturing Base and Competitors, Business Overview and Forecasts to 2025

By Frank Ustinov 20 Apr 2020 Top stories,Business,Science,Technology

AI in Space Exploration Players/Suppliers Profiles and Sales Data: Company, Company Basic Information, Manufacturing Base and Competitors, Product Category, Application and Specification with Sales, Revenue, Price and Gross Margin, Main Business/Business Overview.

The report presents a highly comprehensive and accurate research study on the global AI in Space Exploration market. It offers PESTLE analysis, qualitative and quantitative analysis, Porter’s Five Forces analysis, and absolute dollar opportunity analysis to help players improve their business strategies. It also sheds light on critical AI in Space Exploration Market dynamics such as trends and opportunities, drivers, restraints, and challenges to help market participants stay informed and cement a strong position in the industry. With competitive landscape analysis, the authors of the report have made a brilliant attempt to help readers understand important business tactics that leading companies use to maintain AI in Space Exploration market sustainability.

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AI in space exploration Market is valued approximately USD 2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.25% over the forecast period 2019-2026. Machine learning and AI leave their imprints on various fields including construction, automation, image analytics, and space exploration along with many others. Many applications of AI in space is being researched on various domains which includes relative positioning, communication and many others. Various spacecraft and space vehicles including satellites that are operating in the space may generates large amount of data owing to the complexity of the research missions. With AI in space exploration enables the data transmission over large distance with ease. Many organization and government agencies are collaborating on machine learning solutions for detection of new planets, space weather using magnetosphere and atmosphere measurement.

With rapid technological development and increasing investment in R&D sector, space exploration is experiencing rapid technical development owing to the integration of AI and the space vehicles which are developed for space exploration. The factor leading to the growth of AI in space exploration is the development of AI-based robots that can perform highly complex tasks over a longer period without human inference and for enhances mobility and manipulation benefits. AI offers high flexibility, accuracy and control owing to the development of 3D perception and proximity GNC in AI robots. Moreover, robotics arms in space exploration is witnessing high demand due to the high weightlifting and handling capabilities that are offered to astronauts.

The regional analysis of AI in space exploration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to dominate the market share of AI in space exploration market owing to the presence of space organizations such as NASA and CSA working effectively towards the development of AI in space exploration. Moreover, U.S. and Canada are investing in the R&D sector and technological innovations to explore deep space. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 owing to the factors due to various ongoing and upcoming space programs in developing countries such as India and China.

Major market player included in this report are:

Orbital ATK

DARPA

Neurala

Descartes Labs

KittyHawk

Iris Automation

Flyby Nav

PrecisionHawk

Pilot.ai

MRX Global Holding Corp.

Oceaneering International

Maxar Technologies

Northrop Grumman

Astrobotic Technologies

Motiv Space Systems

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Robotic arms

Rovers

Space probes

Others

By Applications:

Government

Commercial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year “ 2016, 2017

Base year “ 2018

Forecast period “ 2019 to 2026

Target Audience of the AI in space exploration Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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Table of Contents:

Study Coverage: It includes study objectives, years considered for the research study, growth rate and AI in Space Exploration market size of type and application segments, key manufacturers covered, product scope, and highlights of segmental analysis.

Executive Summary: In this section, the report focuses on analysis of macroscopic indicators, market issues, drivers, and trends, competitive landscape, CAGR of the global AI in Space Exploration market, and global production. Under the global production chapter, the authors of the report have included market pricing and trends, global capacity, global production, and global revenue forecasts.

AI in Space Exploration Market Size by Manufacturer: Here, the report concentrates on revenue and production shares of manufacturers for all the years of the forecast period. It also focuses on price by manufacturer and expansion plans and mergers and acquisitions of companies.

Production by Region: It shows how the revenue and production in the global market are distributed among different regions. Each regional market is extensively studied here on the basis of import and export, key players, revenue, and production.

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Frank Ustinov

Being a veteran in the field of writing with an experience of 15 years, Frank Ustinov holds the entire responsibility of the Technology Department on the Business Stats News. He has been a part of the Business Stats News for 10 years now. With a Bachelor’s Degree in Technology Management, Frank deals with writing articles, blogs, and reports relating to the technology.

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