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The aerospace robotics market has witnessed a remarkable surge, with its size projected to grow from $4.07 billion in 2023 to $4.64 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 14.2%. Looking forward, the market is poised for even more substantial expansion, reaching $7.52 billion in 2028 at a CAGR of 12.8%. This growth is fueled by various factors, such as the rise in global economic activities, increased commercial air traffic, automation trends, demand for product customization, and addressing labor shortages.

1. Commercial Air Traffic Propelling Aerospace Robotics

The surge in commercial air traffic emerges as a pivotal driver for the aerospace robotics market. Precision and high performance in aircraft engine construction, airframe drilling and painting, and precise fiber cutting and placement position aerospace robotics as indispensable. The rise of the middle-class population, coupled with the emergence of low-cost airlines in developing economies, is contributing to increased airline activities. As per Boeing’s commercial market outlook, India’s domestic air passenger market is expected to double by 2030, creating substantial demand for new commercial aircraft and thereby fueling the growth of aerospace robotics.

2. Key Players and Market Dynamics

Major players shaping the aerospace robotics landscape include KUKA Aktiengesellschaft, ABB Group, FANUC Corporation, Yaskawa Electric Corporation, and more. These companies are at the forefront, driving innovation and market expansion. The dynamics of the aerospace robotics market are intricately tied to the demand for commercial aircraft, making it imperative for key players to stay abreast of global aviation trends.

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3. Technological Advancements: Enhancing Aerospace Robotics Capabilities

In a bid to stay ahead in the highly competitive aerospace robotics market, companies are heavily investing in technological advancements. Integration of robotics with cutting-edge technologies like 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing is becoming increasingly common. Such advancements not only enhance the performance and productivity of aerospace operations but also facilitate human-robot collaboration, ultimately reducing manufacturing turnaround times. Ai Build, a UK-based AI robotic 3D printing developer, exemplifies this trend with its AI-based robotic technology, aiming to revolutionize large-scale 3D printing in aerospace and automotive sectors.

4. ABB Group’s Strategic Acquisition

In July 2021, ABB Group made a strategic move by acquiring ASTI Mobile Robotics Group, a significant player in automation solutions. This acquisition empowers ABB Group with a robust automation portfolio, specifically designed for the next generation of flexible automation. ASTI Mobile Robotics specializes in automated guided vehicles and autonomous mobile robots, making it a valuable addition to ABB Group’s capabilities in the aerospace sector.

5. Market Segmentation: Unveiling Diversity

The aerospace robotics market is multifaceted, segmented by type, technology, component, payload, and application. This segmentation includes:

• Type: Articulated, Cartesian, Other Types
• Technology: Conventional, Collaborative
• Component: Controller, Sensors, Drive, Arm Processor, End Effector
• Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
• Application: Drilling, Welding, Painting, Inspection, Other Applications

6. Regional Dynamics: North America Leading, Asia-Pacific Rising

In 2023, North America emerged as the largest region in the aerospace robotics market, highlighting the region’s technological prowess and demand for advanced aerospace solutions. Looking ahead, Asia-Pacific is poised to be the fastest-growing region, indicating a shift in market dynamics. The region’s increasing investments in research and development, coupled with shorter production cycles, position Asia-Pacific as a significant player in the global aerospace robotics landscape.

7. Future Trends: Where Innovation Meets Automation

Anticipating the future, major trends in the aerospace robotics market include:

• Integration of AI and machine learning
• Swarm robotics
• Human-robot collaboration
• Exoskeletons and wearable robotics
• Collaborations and partnerships

These trends showcase the industry’s trajectory toward more intelligent, collaborative, and adaptable aerospace robotics systems.

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The Aerospace Robotics Global Market Report 2024  provides an overview of the aerospace robotics market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace robotics market forecast analyzes aerospace robotics market size, aerospace robotics market share, leading competitor and their market positions.

The Table Of Content For The Aerospace Robotics Market Include:
1. Aerospace Robotics Market Executive Summary
2. Aerospace Robotics Market Segments
3. Aerospace Robotics Market Size And Aerospace Robotics Market Growth Rate
4. Key Aerospace Robotics Market Trends
5. Major Aerospace Robotics Market Drivers
……
25. Key Mergers And Acquisitions In The Aerospace Robotics Market
26. Top Aerospace Robotics Companies
27. Aerospace Robotics Market Opportunities And Strategies
28. Aerospace Robotics Market, Conclusions And Recommendations
29. Appendix

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