Dec 21, 2021   SOURCE: BusinessWire

Worldwide Space Lander and Rover Industry to 2030 - North America Continues to Dominate The Market - ResearchAndMarkets.com

The "Space Lander and Rover Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2030)" report has been added to ResearchAndMarkets.com's offering.

The space lander and rover market is projected to register a CAGR of over 9% during the forecast period.

Companies Mentioned

  • Canadian Space Agency
  • National Aeronautics and Space Administration
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Airbus SE
  • Roscosmos
  • Blue Origin
  • ISRO
  • Japanese Aerospace Exploration Agency (JAXA)
  • China Academy of Space Technology
  • ispace, inc.
  • SPACEBIT TECHNOLOGIES
  • ASTROBOTIC TECHNOLOGY

Key Market Trends

Growing Focus On Space Exploration Driving the Demand for Landers and Rovers

Globally, several countries are investing in space exploration programs to study the composition of the solar system, detect the presence of water and elements and potentially exploit asteroids in the future. These activities involve the use of landers and rovers to study the lunar and planetary surfaces. Several space agencies are indulging in activities to explore both the lunar and mars surfaces and also developing the necessary infrastructure and techniques to mine and refine asteroid resources. For instance, China's first fully homegrown Mars mission, Tianwen-1, carrying the probe, a combination orbiter, lander, and rover, reached Mars in February 2021.

Following this, in May 2021, the China National Space Administration (CNSA) confirmed that the spacecraft carrying the rover has touched down on the planet. The milestone makes China the sixth entity to get a probe to Mars, joining the United States, the Soviet Union, the European Space Agency, India, and the United Arab Emirates, whose Hope orbiter reached Mars in February 2021.

Moreover, several nations across the globe are also working on lunar exploration missions involving landers and rovers. For instance, Russia's Roscosmos is planning to launch the Luna 25 lunar lander mission, whose launch is scheduled for May 2022. Such missions are expected to drive the market for space landers and rovers during the forecast period.

North America Continues to Dominate The Market

The market is expected to be dominated by North America, due to the growing investments by NASA. NASA's budget for fiscal year (FY) 2021 is USD 23.3 billion, which represents a 3% increase over the previous year's amount. NASA's Perseverance rover is the latest to touch down safely on Mars. The mission is expected to cost USD 2.7 billion. The design and construction of the rover and its related components (including landing system and flight stage) account for 81% of the total project cost, while the rest is for launch and operations.

The rover's dependence on Plutonium-238 as a power source has increased the launch costs due to the elevated environmental and safety regulations for launching nuclear material. Perseverance is the third most expensive Mars mission, after Viking 1 & 2 and the Curiosity rover. Players from the country are also focusing on several lunar missions. Intuitive Machines, a US-based private company, is preparing for its first lunar mission in Q1 2022, as part of the Commercial Lunar Payload Services program. Nova-C is one of three lunar landers that will be built and launched under the program. Such developments are expected to drive the growth of the revenues from the region during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION (Market Size by Value - USD million)

5.1 Type

5.1.1 Lunar Surface Exploration

5.1.2 Mars Surface Exploration

5.1.3 Asteroids Surface Exploration

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Canadian Space Agency

6.1.2 National Aeronautics and Space Administration

6.1.3 Lockheed Martin Corporation

6.1.4 Northrop Grumman Corporation

6.1.5 Airbus SE

6.1.6 Roscosmos

6.1.7 Blue Origin

6.1.8 ISRO

6.1.9 Japanese Aerospace Exploration Agency (JAXA)

6.1.10 China Academy of Space Technology

6.1.11 ispace, inc.

6.1.12 SPACEBIT TECHNOLOGIES

6.1.13 ASTROBOTIC TECHNOLOGY -

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/93ly0x