NASA launched a free-flying robotic system, Astrobee, on the ISS (Intl. Space Station) in 2018, which assists astronauts with repair and maintenance. Since that time, we have seen the rise of space robotics, which could continue to see significant growth in the years ahead.
Space robotics functions can vary, depending on the robot. Some include detailed spacecraft inspection, efficient servicing of satellites, precise component assembly, and reliable refueling of spacecraft, just to name a few.
Here is how this can help:
- Reduce the amount of time astronauts spend on routine duties.
- Serve as a research platform.
- Lead to greater innovation in space.
A closer look at this market and the numbers from GlobalData shows the past three years have seen the rise of more than 40 new companies enter space robotics, which has attracted more than $200 million in venture capital.
China is leading the way, accounting for 58% of all patent applications in this field during the last three years, with the United States and Japan following closely behind. It will certainly be something to continue to watch in the years ahead.