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Aerospace Robotics Market Industry Report
Aerospace Robotics Market Size, Share, Trend, Forecast, & Industry Analysis.
The Aerospace Robotics Market is estimated to grow from USD 3.1 Billion in 2021 to USD 6.7 Billion by 2028 at a CAGR of 11.45% during the forecast period 2022-2028.
Growing employment of robotics to manage aircraft order backlogs, increasing use of robots for efficient aircraft production, and mounting labor costs are the prime factors bolstering the global aerospace robotics market during the forecast period.
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Aerospace Robotics Market - Snapshot |
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|---|---|
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Growth |
17.2% for the next five years |
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Major Type |
Articulated type |
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Major Component Type |
Controller |
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Dominant Technology Type |
Collaborative |
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Region with the highest demand |
North America |
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Key Players |
ABB Group, Electroimpact Inc., Fanuc Corporation, Gudel AG, Industrial Designs M. Torres, Sau, Kuka AG, Kawasaki Heavy Industries Ltd., Oliver Crispin Robotics Limited, and Universal Robots A/S. |
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Based on the type, the market is segmented as articulated, cylindrical, scara, cartesian, and others. The articulated type segment is estimated to register the highest growth during the forecast period. The growth is attributed to the fact that articulated robots are preferred in most aircraft manufacturing processes, owing to their precision and high flexibility.
Based on the component type, the market is segmented as controller, sensors, drive, arm processor, and end effector. The controller segment was the largest component segment in 2018, and is also estimated to remain the largest segment in the coming five years. The unprecedented rise in aircraft deliveries is likely to underpin the market, which will consequently translate into healthy growth of the segment.
Based on the technology type, the market is segmented as traditional and collaborative. The collaborative segment is expected to depict a higher growth during the forecast period, owing to the gradual adoption of collaborative robots by the aerospace industry, marked by their ability to work alongside humans.
In terms of regions, North America accounted for the largest share of the aerospace robotics market in 2018, and is likely to continue its dominance during the forecast period. The market is driven by the regional presence of major aircraft manufacturers and aircraft part manufacturers along with the growing demand for commercial aircraft, which is compelling aircraft manufacturers to opt for robots and industrial automation to enhance their monthly production. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Aerospace Robotics are an important element in the aerospace industry as it helps in aircraft engine constructions and also other activities. These can be of different types such as articulated, cylindrical, scara, Cartesian, and others.
Aerospace Robotics comprise different components and these are controller, sensors, drive, arm processor, and end effector. Drilling & fastening, inspection, welding, painting & coating, and others are some of the applications where aerospace robotics are used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aerospace Robotics Market Report - Features |
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|---|---|
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
9 |
The aerospace robotics market is segmented into the following categories.
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Some of the major players in the aerospace robotics market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Aerospace Robotics are an important element in aerospace industry as it helps in aircraft engine constructions and also other activities. These can be of different types such as articulated, cylindrical, scara, Cartesian, and others. Aerospace Robotics comprise of different components and these are controller, sensors, drive, arm processor, and end effector. Drilling & fastening, inspection, welding, painting & coating, and others are some of the applications where aerospace robotics are used.
Aerospace Robotics Market is likely to witness an impressive CAGR of 17.2% during the forecast period. Growing employment of robotics to manage aircraft order backlogs, increasing use of robots for efficient aircraft production, and mounting labor costs are the prime factors bolstering the global aerospace robotics market during the forecast period.
In terms of regions, North America accounted for the largest share of the aerospace robotics market in 2018, and is likely to continue its dominance during the forecast period.
Some of the major players in the aerospace robotics market are ABB Group, Electroimpact Inc., Fanuc Corporation, Gudel AG, Industrial Designs M. Torres, Sau, Kuka AG, Kawasaki Heavy Industries, Ltd., Oliver Crispin Robotics Limited., and Universal Robots A/S.
Growing employment of robotics to manage aircraft order backlogs, increasing use of robots for efficient aircraft production, and mounting labor costs are the factors driving the growth of aerospace robotics market.
The controller segment is expected to remain the largest segment in the aerospace robotics market in the coming years.
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