Global Space Robotics Market Size 2024, Forecast To 2033

The space robotics market has experienced strong growth, moving from $4.6 billion in 2023 to $4.94 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.3%. The growth in the historical period can be attributed to space exploration initiatives, government space programs, the growth of the commercial space industry, the rise of private space companies, and advancements in artificial intelligence (AI) and automation technologies. The market size is expected to see robust growth in the next few years, reaching $6.66 billion in 2028, supported by a CAGR of 7.8%. Anticipated factors contributing to this growth include increased space exploration missions, the growth of the commercial space industry, opportunities in space mining, the deployment of satellite constellations, and initiatives for planetary colonization. Major trends in the forecast period encompass miniaturization and efficiency, autonomy and AI integration, modular and adaptable systems, a focus on interplanetary exploration, and the rising demand for on-orbit servicing capabilities.