Latin America Space Robotics Market Size & Outlook
Related Markets
Latin America space robotics market highlights
- The Latin America space robotics market generated a revenue of USD 52.2 million in 2021.
- The market is expected to grow at a CAGR of 3.3% from 2022 to 2028.
- In terms of segment, remotely operated vehicles (rov) was the largest revenue generating solution in 2021.
- Remotely Operated Vehicles (ROV) is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 52.2 million |
| Market revenue in 2028 | USD 65.5 million |
| Growth rate | 3.3% (CAGR from 2021 to 2028) |
| Largest segment | Remotely operated vehicles (rov) |
| Fastest growing segment | Remotely Operated Vehicles (ROV) |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Remotely Operated Vehicles (ROV), Remote Manipulator System (RMS), Software, Services |
| Key market players worldwide | Maxar Technologies, Northrop Grumman Corp, Oceaneering International Inc, Altius Space Machines, Astrobotic Technology, Honeybee Robotics, Intuitive Machines, Metecs, Motiv Space Systems |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.3% of the global space robotics market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,195.4 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Space Robotics Market Scope
Space Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Motiv Space Systems | View profile | 51-100 | Pasadena, California, United States, North America | https://www.motivss.com |
| Metecs | View profile | 11-50 | Houston, Texas, United States, North America | https://www.metecs.com |
| Intuitive Machines | View profile | 251-500 | Houston, Texas, United States, North America | https://intuitivemachines.com |
| Honeybee Robotics | View profile | 251-500 | Longmont, Colorado, United States, North America | http://www.honeybeerobotics.com/ |
| Astrobotic Technology | View profile | 101-250 | Pittsburgh, Pennsylvania, United States, North America | http://www.astrobotic.com |
| Altius Space Machines | View profile | 11-50 | Broomfield, Colorado, United States, North America | http://www.altius-space.com/ |
| Oceaneering International Inc | View profile | 10100 | 5875 North Sam Houston Parkway, Suite 400, Houston, TX, United States, 77086 | https://www.oceaneering.com |
| Maxar Technologies | View profile | 1001-5000 | Westminster, Colorado, United States, North America | https://www.maxar.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
Latin America space robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to space robotics market will help companies and investors design strategic landscapes.
Remotely operated vehicles (rov) was the largest segment with a revenue share of 63.98% in 2021. Horizon Databook has segmented the Latin America space robotics market based on remotely operated vehicles (rov), remote manipulator system (rms), software, services covering the revenue growth of each sub-segment from 2016 to 2028.
Reasons to subscribe to Latin America space robotics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America space robotics market databook
-
Our clientele includes a mix of space robotics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America space robotics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America space robotics market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America space robotics market size, by country, 2016-2028 (US$M)
Latin America Space Robotics Market Outlook Share, 2021 & 2028 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
