Latest news with #spaceIndustry
Yahoo
09-07-2025
- Business
- Yahoo
Commercial Space Ventures Spur Demand, Lunar and Mars Exploration Fuels Surge in Autonomous Robotic Development
The Global Space Robotics Market, valued at USD 6.6 billion in 2025, is projected to reach USD 13.2 billion by 2034, growing at a CAGR of 8.1%. The market is driven by increased demand for AI-integrated autonomous systems crucial for satellite servicing, deep-space exploration, and space tourism, amid rising commercial space ventures and sustainability efforts. Space Robotics Market Dublin, July 09, 2025 (GLOBE NEWSWIRE) -- The "Space Robotics Market Outlook 2025-2034: Market Share, and Growth Analysis By Solution, By Application, By End-User" has been added to offering. The space robotics market is projected to double in value from USD 6.6 billion in 2025 to USD 13.2 billion by 2034, driven by a CAGR of 8.1%. It is a critical component of space exploration, satellite servicing, and deep-space missions. Space robotics encompasses technologies capable of autonomous or remote operations, assisting in satellite repairs, space debris removal, and robotic exploration of distant planets and moons. These advanced systems withstand harsh space conditions and have traditionally been employed in space stations for tasks like robotic arm operations. As the space industry expands commercially and endeavors to explore the Moon, Mars, and beyond, the demand for sophisticated robotic systems will accelerate. These robots are pivotal for satellite deployment, maintenance, and the creation of space-based infrastructure, such as lunar bases and asteroid mining operations. Investment in autonomous systems aims to reduce human involvement while boosting mission capabilities and safety. In 2024, the market witnessed significant growth, fueled by autonomous robotic systems for satellite servicing and exploration. Key contributions came from NASA's Artemis program and other interplanetary missions. Commercial entities like Astrobotic and SpaceX are increasing their focus on lunar missions, deploying autonomous robots for resource extraction and infrastructure construction. Notably, companies like Astroscale made strides in debris-removal technology, demonstrating the capability of autonomous space cleanup. AI-driven systems have become integral to space robotics, enabling robots to process real-time data and make decisions independently. This innovation signifies a vital year for space robotics, emphasizing future space exploration, sustainability, and commercialization. Autonomous systems were spotlighted, with rising investments in robotics startups and collaborations aiming to develop adaptable and functional robotic platforms. Looking forward, technological advancements and increased mission complexity are expected to propel the space robotics market rapidly, with a focus on AI and machine learning integration. As automation lessens the reliance on human crews, robotics will be instrumental in constructing off-Earth infrastructure, including lunar bases and space hotels, and facilitating interplanetary travel. Autonomous robots will partake in deep-space exploration, scientific research, and resource mining with minimal human oversight. The burgeoning sector of space tourism will also witness increased robotic application, aiding crew and passenger operations. Space debris removal remains crucial as satellite constellations proliferate, raising debris risk. As missions to the Moon and Mars advance, space robotics will be fundamental for infrastructure maintenance and long-duration human missions. However, challenges such as cost, regulatory frameworks, and system reliability must be navigated for widespread market adoption. Space Robotics Market Analytics The research evaluates direct and indirect forces impacting market supply and demand. Comprehensive analyses offer insights into the supply chain and potential market conditions. Recent developments and geopolitical, demographic, and Porter's five forces analyses are considered for market projections. Insights into recent deals explore their potential impacts. The analysis covers competitive elements, trade dynamics, price trends, and global market scenarios for strategic planning. Space Robotics Market Competitive Intelligence Company profiles, SWOT analyses, and strategic insights into top players and products are crucial to understanding the competitive landscape. New launches, investments, partnerships, and other developments keep clients informed about market trends. Key Insights into the Space Robotics Market Integration of AI and machine learning enables autonomous decision-making and real-time data processing. Increasing demand for satellite servicing robots, focusing on refueling, maintenance, and repair for sustainability. Robotics is central to lunar and Mars exploration, supporting autonomous rovers, miners, and habitat construction. Expansion of commercial space ventures, including space tourism, with robotic applications in passenger and crew support. Focus on developing space debris removal technology addressing orbital debris challenges. Advanced robotics meets the growing needs of satellite deployments, lunar explorations, and Mars missions. Commercial space activities drive demand for versatile robotic solutions to support human and machine operations. Advancements in AI and robotics enhance the efficiency and intelligence of space robots. Space sustainability efforts highlight the need for space debris removal and advanced robotics to maintain Earth's orbits. Challenges such as high development costs, testing periods, and operational complexities hinder rapid market scalability. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $6.6 Billion Forecasted Market Value (USD) by 2034 $13.2 Billion Compound Annual Growth Rate 8.1% Regions Covered Global Space Robotics Market Segmentation By Solution: Remote Manipulator System, Software, Services By Application: Near Space, Ground By End-User: Government By Geography: North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America Companies Featured Northrop Grumman Corporation Altius Space Machines Inc. Astrobotic Technology Inc. Honeybee Robotics Ltd. Maxar Technologies Inc. Motiv Space Systems Inc. Oceaneering International Inc. Olis Robotics Intuitive Machines LLC Effective Space Solutions Ltd. Stinger Ghaffarian Technologies Inc. (SGT) GITAI Inc. Ispace Inc. Lockheed Martin Corporation Anduril Industries Inc. Seoul Robotics Starship Technologies Voliro Airborne Robotics Company Attabotics ABB Ltd. NVIDIA Corporation Boston Dynamics Diligent Robotics Nuro Inc. iRobot Corporation Vecna Robotics Inc. Blue Origin LLC Boeing Company Space Exploration Technologies Corp. (SpaceX) Virgin Galactic Rocket Lab Inc. Firefly Aerospace IHI Corporation For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Space Robotics Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
29-06-2025
- Business
- Yahoo
Why Rocket Lab Stock Skyrocketed This Week
The S&P 500 index hit a new record high this week, and so did Rocket Lab stock. Rocket Lab announced that it had entered into a contract to provide two satellite launches for the European Space Agency. The company also launched two of its Electron rockets this week and marked its fastest-ever consecutive launches. 10 stocks we like better than Rocket Lab › Rocket Lab (NASDAQ: RKLB) stock soared this week thanks to a combination of bullish catalysts. The space-tech company's share price climbed 17.8% from the previous Friday's market close in a stretch that saw the S&P 500 index rise 3.4% and set a new record high. Strong bullish momentum shaped the broader market this week as the new ceasefire between Israel and Iran lessened geopolitical volatility and investors bet that the Federal Reserve is poised to take a more dovish stance on interest rates. Rocket Lab stock also got a boost from new rocket launches and rising excitement surrounding defense applications within the space industry. In addition to the bullish backdrop for the broader market, some major business-specific news pushed Rocket Lab's valuation higher this week. As with the S&P 500, the company's stock hit a new record in this week's trading. Rocket Lab announced on Wednesday that it won a new contract with the European Space Agency (ESA) for two satellite launches. The first of the launches could take place as early as December, and the ESA said that it had selected Rocket Lab for the missions because rapid turnaround time for the initiatives was a key priority. Rocket Lab published a press release on Thursday announcing that it had successfully completed the launch of its 67th Electron rocket, which carried four satellites into low-Earth orbit for HawkEye 360 -- a provider of geospatial analytics. The company followed it up with the 68th successful Electron launch on Saturday, marking its fastest-ever turnaround between launches. The space-tech specialist now has a market capitalization of roughly $16.3 billion and is valued at approximately 28.5 times this year's expected sales. While the company's growth-dependent valuation creates potential for downside volatility, the business does appear to be scoring some big wins and is scaling rapidly. Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy. Why Rocket Lab Stock Skyrocketed This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
German space startup Isar Aerospace secures 150 million euro fund
(Reuters) -German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday. The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said. The investment will be used to expand its launch service offerings, it added. "We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement. Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities. The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX. ($1 = 0.8625 euros)
Reuters
25-06-2025
- Business
- Reuters
German space startup Isar Aerospace secures 150 million euro fund
June 25 (Reuters) - German space startup Isar Aerospace obtained 150 million euros ($173 million) in funding from an American investment company, it said on Wednesday. The company, which specializes in satellite launch services, signed an agreement for a convertible bond with Eldridge Industries, it said. The investment will be used to expand its launch service offerings, it added. "We are catering to the rising global demand for satellite launch services and provide global markets and governments with independent and flexible access to space," Daniel Metzler, CEO of the company, said in a statement. Isar Aerospace's first test launch in March failed after its Spectrum rocket crashed shortly after takeoff, but was still celebrated as a success by the industry and authorities. The company is pushing forward efforts to strengthen Europe's position in the aerospace sector, competing with firms such as Elon Musk's SpaceX. ($1 = 0.8625 euros)
CNA
20-06-2025
- Business
- CNA
Macron calls for Europe to ramp up investment in space
PARIS :French President Emmanuel Macron threw his weight behind plans for a unified European satellite manufacturing champion and called for accelerated deployment of satellites, as he set out a new space strategy at the Paris Airshow on Friday. Speaking after France moved to take control of satellite operator Eutelsat, Macron called for accelerated efforts across the board from launch to satellite manufacturing and Starlink-like services as he declared space the next "gauge of power".
