The global market for space robotics is forecast to exceed revenues of $7 billion by 2032 with a projected compound annual growth rate of 9 percent over 2023-2032, according to a report by Global Market Insights.
The market growth is due to the rapid expansion of the electronic chip manufacturing industry globally. Besides, the increasing number of space projects in the MEA region will also foster the market growth.
For instance, in May 2022, Benya Group inked an MoU with OneWeb to explore the distribution of connection services in the MEA region. [Read more…] about Space robotics market revenue forecast to grow to $7 billion by 2032