The global space robotics market size is expected to reach $5.71 billion by 2027, registering a compound annual growth rate of 5.2 percent from 2020 to 2027, according to a new report by Grand View Research.
Space robotics is gaining traction in recent years owing to the growing exploration of outer space; the need for operations and maintenance of satellites, space stations, and other platforms; and the need for saving cost and mitigating safety issues.
Furthermore, the rising trend of using autonomous systems and artificial intelligence technology in robotics is widening the horizon of space exploration. [Read more…] about Space robotics market predicted to grow to $5.7 billion by 2027
