Aerospace Robotics Market by Type (Articulated, Cartesian, Cylindrical, Spherical, SCARA, and Parallel), Technology (Traditional, Collaborative), Application (Drilling, Welding, Painting, Inspection) - Global Opportunity Analysis and Industry Forecast, 2014-2022Aerospace robotics market refers to the robotic technology used in aerospace industry for the manufacturing of aircrafts. The aerospace robots are used for various applications including fabrication of aircraft engines, drilling holes, welding metal parts, and painting airframes. Various advantageous features of aerospace robotics technology such as high degree of precision, flexible automation, ability to perform repeatable tasks, and high speed production play a vital role in the construction of aircrafts.
The global aerospace robotics market has witnessed rapid growth in the recent years, owing to increasing need for the efficient manufacturing of aircrafts. In addition, growing use of robotics to handle aircraft order backlog and increasing labor cost contribute to the market growth. However, lack of skilled workforce and high initial cost hamper the market growth. High paced growth in aerospace industry and technological advancements such as Internet of Things (IoT), 3D vision technology, artificial intelligence, and cloud computing are expected to create numerous opportunities for the market in the near future.
The global aerospace robotics market is segmented on the basis of type, technology, application, and geography. Based on type, the aerospace robotics industry is divided into articulated, cartesian, and others (cylindrical, spherical, SCARA, and parallel). Based on technology, the market is further categorized into traditional and collaborative. The market is segmented on the basis of application as drilling, welding, painting, inspection, others (cutting, assembly automation, and material handling). The market is analyzed based on four regions, which include North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the report are ABB Group, KUKA AG, Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, JH Robotics, Inc., Oliver Crispin Robotics Limited, Electroimpact Inc., Universal Robots A/S, AV&R Vision & Robotics Inc. In addition, the key business strategies adopted by these players have been analyzed in the report to gain competitive insights into the market
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the aerospace robotics market along with current and future trends to elucidate the imminent investment pockets.
Information regarding key drivers, restraints, and opportunities along with their impact analysis on the aerospace robotics industry is discussed.
Porter’s Five Forces analysis of the global aerospace robotics industry illustrates the potency of buyers and suppliers participating in the aerospace robotics market.
The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the potential of aerospace robotics industry.
The market shares and key strategies of market players in the aerospace robotics market has been comprehensively analyzed in the report.
Aerospace Robotics Market Key Segments
The aerospace robotics market is segmented based on type, technology, application, and geography.
Others (Cylindrical, Spherical, SCARA, and Parallel)
Others (Cutting, Assembly Automation, and Material Handling)
Rest of Europe
Rest of Asia-Pacific
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2. EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Moderate intensity of competitive rivalry
3.4. MARKET SHARE ANALYSIS
3.5. MARKET DYNAMICS
184.108.40.206. Increasing need for efficient aircraft production
220.127.116.11. Growing use of robotics to handle aircraft order backlog
18.104.22.168. Increasing labor cost
22.214.171.124. Lack of skilled workforce
126.96.36.199. High initial cost
188.8.131.52. Technological advancement
184.108.40.206. High pace growth in aerospace industry
CHAPTER 4. GLOBAL AEROSPACE ROBOTICS MARKET, BY TYPE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. OTHERS (CYLINDRICAL, SPHERICAL, SCARA, AND PARALLEL)
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
CHAPTER 5. GLOBAL AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6. GLOBAL AEROSPACE ROBOTICS MARKET, BY APPLICATION
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
6.6. OTHERS (CUTTING, ASSEMBLY AUTOMATION, AND MATERIAL HANDLING)
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast
CHAPTER 7. GLOBAL AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
220.127.116.11. Rest of Europe
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
18.104.22.168. Rest of Asia-Pacific
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
22.214.171.124. Latin America
126.96.36.199. Middle East
CHAPTER 8. COMPANY PROFILES
8.1. ABB GROUP
8.1.1. Company overview
8.1.2. Business performance
8.1.3. Strategies moves and developments
8.2. KUKA AG
8.2.1. Company overview
8.2.2. Business performance
8.2.3. Strategies moves and developments
8.3. FANUC CORPORATION
8.3.1. Company overview
8.3.2. Business performance
8.3.3. Strategies moves and developments
8.4. YASKAWA ELECTRIC CORPORATION
8.4.1. Company overview
8.4.2. Business performance
8.4.3. Strategies moves and developments
8.5. MITSUBISHI ELECTRIC CORPORATION
8.5.1. Company overview
8.5.2. Business performance
8.5.3. Strategies moves and developments
8.6. JH ROBOTICS, INC.
8.6.1. Company overview
8.6.2. Business performance
8.6.3. Strategies moves and developments
8.7. OLIVER CRISPIN ROBOTICS LIMITED
8.7.1. Company overview
8.7.2. Business performance
8.7.3. Strategies moves and developments
8.8. ELECTROIMPACT INC.
8.8.1. Company overview
8.8.2. Business performance
8.8.3. Strategies moves and developments
8.9. UNIVERSAL ROBOTS A/S
8.9.1. Company overview
8.9.2. Business performance
8.9.3. Strategies moves and developments
8.10. AV&R VISION & ROBOTICS INC.
8.10.1. Company overview
8.10.2. Business performance
8.10.3. Strategies moves and developments
The robotics technology is used in aerospace industry for variety of applications during the manufacturing of aircraft components including welding, drilling, painting, material handling, cutting, assembly automation, and fabrication of engines. The aerospace robotics market offers automation, precision, and accuracy in repetitive tasks done in the manufacturing procedure,
The aerospace robotics market growth is fueled by enhanced need of automation for efficient aircraft production. In addition, increase in cost of labor worldwide. However, high installation cost of robotics technology hampers the growth of the aerospace robotics industry. The adoption of advanced technologies in the aircraft manufacturing industry including Internet of Things (IoT), 3D vision technology, artificial intelligence, and cloud computing is expected to present numerous opportunities to the global aerospace robotics industry.
In 2015, the drilling application segment generated the maximum revenue in the global market, owing to utilization of robotics technology for drilling holes in aircraft components with high precision. The inspection application segment is expected to grow at the highest CAGR during the forecast period, owing to the implementation of new technologies such as ultrasonic technology, 3D imaging technology, and other non-destructive methods used in the inspection process of aircrafts. The collaborative technology segment is anticipated to witness the highest growth rate, registering a CAGR of 19.8% from 2016 to 2022. The articulated type segment is expected to generate the highest revenue throughout the forecast period. The other (cylindrical, spherical, SCARA, and parallel) type is anticipated to grow at the highest rate during the study period.
In 2015, North America dominated the global aerospace robotics market. Asia-Pacific is expected to grow at the highest rate during the forecast period on account of the surge in the number of air passengers and continuous economic development in various countries such as India, Malaysia, China, and Singapore.
The key players profiled in the report include ABB Group, KUKA AG, Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, JH Robotics, Inc., Oliver Crispin Robotics Limited, Electroimpact Inc., Universal Robots A/S, and AV&R Vision & Robotics Inc.
Key Findings of the Aerospace Robotics Market:
In 2015, the articulated robot segment dominated the global aerospace robotics industry, in terms of revenue, and is projected to grow at a CAGR of 15.4% during the forecast period.
Traditional technology segment is projected to grow at a CAGR of 15.4%.
Inspection application segment is estimated to show highest growth rate, in terms of revenue, during the study period.
In 2015, the drilling application segment generated the highest revenue of around 32%.
In 2015, North America dominated the global market with a market share of 37%.
- ABB Group
- KUKA AG
- Fanuc Corporation
- Yaskawa Electric Corporation
- Mitsubishi Electric Corporation
- JH Robotics, Inc.
- Oliver Crispin Robotics Limited
- Electroimpact Inc.
- Universal Robots A/S
- AV&R Vision & Robotics Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.