AI in Space Exploration Market, Trends, Analysis, Opportunities, Share and Forecast 2019-2025 – Digits N Markets News

Machine learning and AI leave their imprints on various fields including construction, automation, image analytics, and space exploration along with many others. Many applications of AI in space is being researched on various domains which includes relative positioning, communication and many others. Various spacecraft and space vehicles including satellites that are operating in the space may generates large amount of data owing to the complexity of the research missions.

With AI in space exploration enables the data transmission over large distance with ease. Many organization and government agencies are collaborating on machine learning solutions for detection of new planets, space weather using magnetosphere and atmosphere measurement.

AI in space exploration Market is valued approximately USD 2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.25% over the forecast period 2019-2026.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Robotic arms

Rovers

Space probes

Others

By Applications:

Government

Commercial

The regional analysis of AI in space exploration market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to dominate the market share of AI in space exploration market owing to the presence of space organizations such as NASA and CSA working effectively towards the development of AI in space exploration. Moreover, U.S. and Canada are investing in the R&D sector and technological innovations to explore deep space. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 owing to the factors due to various ongoing and upcoming space programs in developing countries such as India and China.

Major market player included in this report are:Orbital ATKDARPANeuralaDescartes LabsKittyHawkIris AutomationFlyby NavPrecisionHawkPilot.aiMRX Global Holding Corp.Oceaneering InternationalMaxar TechnologiesNorthrop GrummanAstrobotic TechnologiesMotiv Space Systems

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AI in Space Exploration Market, Trends, Analysis, Opportunities, Share and Forecast 2019-2025 - Digits N Markets News