Edison, NJ -- (SBWIRE) -- 10/15/2020 -- The Global AI in Space Exploration Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players in AI in Space Exploration are:
Orbital ATK (A Northrop Grumman Company) (United States), DARPA (United States), Neurala (United States) , Descartes Labs (United States), KittyHawk (United States) , Iris Automation, Inc. (United States) , Flyby Nav (United States), PrecisionHawk (United States) , Pilot.ai (United States), MRX Global Holding Corp. (United States)

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Definition:
Although astronauts are trained physically and psychologically to deal with extreme space situations, living in a confined space with no gravity could sometimes be stressful and could hamper their decision-making processes. This is where artificial intelligence is coming into the picture. Several years after the first moon landing, experts are now looking at emerging technologies to understand the space exploration a little better. With recent breakthroughs and discoveries, AI has been showing immense potential in space exploration, such as global navigation, earth observation, and communications to and fro. Historically, machine learning algorithms have been used in monitoring the spacecraft, autonomous navigation of the spacecraft, controlling systems, and intelligently detecting objects in the route. And now, in a bid to help astronauts, AI-based assistants are being created to aid astronauts in their missions to Mars and beyond. These assistants are designed to understand and predict the requirements of the crew and comprehend astronauts’ emotions and their mental health.

Market Influencing Trends:
The Increasing the Level of the Autonomy and Automation in the Space Exploration

Market Drivers:
The Growing Numbers of Space Missions across the Globe Boosting the Demand for the AI Technology
Space Exploration Gives Rise to Humongous Amounts of Data That Cannot Be Analyzed Through Human Intelligence
The Capability of AI Technology to Make Decisions without Specific Commands from the Mission Control

Market Opportunity:
The Technology of Artificial Intelligence Is Showing Clear Potential in Exploring the Interstellar Space with Innovative Machines and Projects

Years considered for this report:
? Historical Years: 2015-2019
? Base Year: 2019
? Estimated Year: 2020
? Forecast Period: 2020-2027

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What are the market factors that are explained in the AI in Space Exploration Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Significant Facets concerning the Report:
AI in Space Exploration Market Summary
Fiscal Effect on Economy
AI in Space Exploration Market Competition
AI in Space Exploration Market Analysis by Application
Industrial Chain, Down-stream Buyers and Sourcing Strategy
Distributors/Traders, Marketing Strategy Analysis
Facets, Market Effect, Diagnosis
Market Forecast
The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the AI in Space Exploration Market have also been included in the study.

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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 360 Degree Synopsis
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer's sentiments' analysis.
Chapter 04 – Covid-19 Crisis Analysis on Global AI in Space Exploration Market
Chapter 05 – Global AI in Space Exploration Market - Pricing Analysis
Chapter 06 – Global AI in Space Exploration Market Background
6.1 Macroeconomic factors affecting the Global AI in Space Exploration market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 -- Global AI in Space Exploration Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global AI in Space Exploration Market
Chapter 09 – Global AI in Space Exploration Market Structure Analysis
Chapter 10 – Global AI in Space Exploration Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

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- Latest industry influencing trends and development scenario
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- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
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