Emergen Research has released a market research report on the Space Robotics market. The report provides valuable insights into the global Space Robotics market, which is expected to reach USD 4.32 Billion in 2021 and register a revenue CAGR of 4.7% during the forecast period. The report highlights the increasing incorporation of Internet of Things (IoT)-enabled smart robotic systems as a key factor driving market revenue growth. Technologies such as Artificial Intelligence (AI) and IoT have significantly boosted the development and acceptance of the Internet of Robotic Things (IoRT), which is a robotic process system that enables space robots to communicate safely with other IoT-enabled devices, learn, and develop characteristics such as self-maintenance and self-awareness.
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