Aerospace Robotics Market 2019 Global Trends, Market Size, Share, Status, SWOT Analysis and Forecast to 2022
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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.
Promising Regions & Countries Mentioned In The Crowd Analytics Market Report:
•North America ( United States)
•Europe ( Germany, France, UK)
•Asia-Pacific ( China, Japan, India)
•Latin America ( Brazil)
•The Middle East & Africa
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.
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Some of the Major Market Players Are:
•Yaskawa Electric Corporation
•Mitsubishi Electric Corporation
•JH Robotics, Inc.
•Oliver Crispin Robotics Limited
•Universal Robots A/S
•AV&R Vision & Robotics Inc.
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.
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