Global Aerospace Robotics Market Overview And Prospects
Learn about the global aerospace robotics market through The Business Research Company, which provides information on aerospace robotics market size, aerospace robotics market drivers and restraints, aerospace robotics market players, the COVID-19 impact on the aerospace robotics market, and more.
The global aerospace robotics market size is expected to grow from $3.12 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 11.09%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global aerospace robotics market size is expected to reach $5.57 billion in 2026 at a CAGR of 12.57%.
The increasing commercial air traffic is expected to drive the aerospace robotics market during the forecast period.
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The aerospace robotics market consists of sales of aerospace robotics by entities (organizations, sole traders, and partnerships) which enhance the performance and productivity of predefined operations in aerospace sector. Aerospace robotics are programmable machines that assist humans for construction of aircraft engines, performing tasks such as drilling and painting airframes and others.
Global Aerospace Robotics Market Segments Include:
By Type: Articulated, Cartesian, Others
By Application: Drilling, Welding, Painting, Inspection, Others
By Technology: Conventional, Collaborative
By Component: Controller, Sensors, Drive, Arm Processor, End Effector
By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the aerospace robotics market in 2021.
Companies in the aerospace robotics market are focusing on technological advancement to accelerate and develop robotics and process technologies for the next generation of energy-efficient aircrafts. The aerospace industry rapidly adopts novel technologies such as the integration of robotics with 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions to enhance the performance and productivity of predefined operations in the aerospace sector. In addition, robotic technology complements human-robot collaboration and reduces the turnaround time of the manufacturing process.
TBRC’s aerospace robotics market report covers:
Major Market Players: Kuka Ag, ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Apex Automation And Robotics, Nachi-Fujikoshi Corp., Stäubli, Omron Adept Technology, Inc., Mitsubishi Electric Corporation, Jh Robotics, Inc., M Torres, Comau, MTM Robotics and Honeybee Robotics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Aerospace Robotics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aerospace robotics market overviews, analyzes and forecasts market size, share, aerospace robotics market players, aerospace robotics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s aerospace robotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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