Robotics technology is utilized for various applications throughout the manufacturing of aircraft components, including material handling, engine fabrication, assembly automation, welding, painting, cutting, and drilling in the aerospace sector. In addition, robots are frequently encountered working with heavier components in aerospace industry. They deliver big payloads, exceptional accuracy, and a never-ending work spirit, making them ideal alternative for increasing the efficiency of an aerospace production line. The aerospace robotics market provides automation, precision, and accuracy in repeated production activities.
Increase in need for efficient manufacturing of aircraft, growth in use of robotics to handle aircraft order backlog, and surge in labor cost boost the demand for robotic solutions, machines, and equipment for aircraft manufacturing. However, high costs associated with installation of robotic systems and lack of skilled labor limit the adoption of robotic systems in the aerospace industry.
On the contrary, technological advancements, including artificial intelligence(AI), Internet of Things (IoT), cloud computing & 3D vision technology, and high paced growth in aerospace industry are expected to provide lucrative growth opportunities for the market in future.
The aerospace robotics market is segmented on the basis of technology, application, type, and region. Depending on technology, it is segmented into traditional and collaborative. According to application, it is bifurcated into drilling, welding, painting, inspection, and others. As per the type, it is categorized into articulated, cartesian, and others. Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (the 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 this report include ABB, AV & R, Electroimpact Inc., Fanuc Corporation, JH Robotics, Inc., KUKA AG, Mitsubishi Electric Corporation, OC Robotics, Universal Robots A/S, and Yaskawa Electric Corporation.
Increase in need for efficient manufacturing of aircraft, growth in use of robotics to handle aircraft order backlog, and surge in labor cost boost the demand for robotic solutions, machines, and equipment for aircraft manufacturing. However, high costs associated with installation of robotic systems and lack of skilled labor limit the adoption of robotic systems in the aerospace industry.
On the contrary, technological advancements, including artificial intelligence(AI), Internet of Things (IoT), cloud computing & 3D vision technology, and high paced growth in aerospace industry are expected to provide lucrative growth opportunities for the market in future.
The aerospace robotics market is segmented on the basis of technology, application, type, and region. Depending on technology, it is segmented into traditional and collaborative. According to application, it is bifurcated into drilling, welding, painting, inspection, and others. As per the type, it is categorized into articulated, cartesian, and others. Region wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (the 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 this report include ABB, AV & R, Electroimpact Inc., Fanuc Corporation, JH Robotics, Inc., KUKA AG, Mitsubishi Electric Corporation, OC Robotics, Universal Robots A/S, and Yaskawa Electric Corporation.
Key Benefits For Stakeholders
- This study presents analytical depiction of the global aerospace robotics market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall aerospace robotics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the global aerospace robotics market with a detailed impact analysis.
- The current aerospace robotics market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.
Key Market Segments
By Technology
- Traditional
- Collaborative
By Application
- Drilling
- Welding
- Painting
- Inspection
- Others
By Type
- Articulated
- Cartesian
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ABB
- AV&R
- Electroimpact Inc.
- Fanuc Corporation
- JH Robotics, Inc.
- KUKA AG
- Mitsubishi Electric Corporation
- OC Robotics
- Universal Robots A/S
- Yaskawa Electric Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AEROSPACE ROBOTICS MARKET, BY TYPE
CHAPTER 5: AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY
CHAPTER 6: AEROSPACE ROBOTICS MARKET, BY APPLICATION
CHAPTER 7: AEROSPACE ROBOTICS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Aerospace Robotics Market,' the aerospace robotics market was valued at $2.9 billion in 2020, and is estimated to reach $9.2 billion by 2030, growing at a CAGR of 12.69% from 2021 to 2030.North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated global aerospace robotics market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient aerospace robotics systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of aerospace robotics across several countries in Asia, for instance, China, India, Japan, and South Korea.
On the basis of technology, the market is segmented into traditional and collaborative. The traditional segment garnered the highest revenue in 2020, owing to high demand for traditional robots for different applications.
Depending on application, the aerospace robotics market is fragmented into drilling, welding, painting, inspection, and others. The drilling segment was the highest revenue contributor in 2020, owing to high demand for aerospace robotics, for drilling purposes.
By type, the aerospace robotics market is segregated into articulated, cartesian, and others. The articulated segment accounted for the highest revenue in 2020, owing to high demand for articulated type aerospace robotics that are being deployed for numerous aerospace applications across the globe.
COVID-19 Impact Analysis
The COVID-19 impact on the aerospace robotics market is unpredictable and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw material items for most of 2020 & few months in 2021. This led to sudden fall in availability of important raw materials for manufacturing aerospace robot components.
Moreover, nationwide lockdown forced aerospace robotics manufacturing facilities to partially or completely cease their operations.
Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of advanced aerospace robotics components across the globe.
Key findings of the Study
- By technology, the collaborative segment is expected to register a significant growth during the forecast period.
- On the basis of application, the others (cutting, assembly automation, and material handling) segment is anticipated to exhibit significant growth in future.
- Depending on type, the others (cylindrical, spherical, SCARA, and parallel) segment is anticipated to exhibit significant growth in future.
- Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Companies Mentioned
- ABB
- AV&R
- Electroimpact Inc.
- Fanuc Corporation
- JH Robotics, Inc.
- KUKA AG
- Mitsubishi Electric Corporation
- OC Robotics
- Universal Robots A/S
- Yaskawa Electric Corporation
Methodology
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.
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