Aerospace Robotics Market Projected To Hit $5,687 Billion By 2022 | Analysis, Sales Revenue, Key players and Future Investment
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2152
Aerospace Robotics Market Report, published by Allied Market Research, projects that the global aerospace robotics market is expected to reach $5,687 million by 2022, growing at a CAGR of 17.2% from 2016 to 2022. The articulated robot segment is expected to dominate the global market during the forecast period. North America is expected to generate the maximum revenue in the global market by 2022.
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
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2152
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.
Driving factors for the market
1. Increasing need of automation for efficient aircraft production
2. The growing use of robotics to handle aircraft order backlog
3. Increasing labor cost
Market Restraints and Opportunities:
1. Lack of skilled workforce
2. High initial cost
4. Technological advancements
5. High pace growth in the aerospace industry
6. Top impacting factors
Key Market Players Profiled in the Report
* 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.
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aerospace Robotics Market Projected To Hit $5,687 Billion By 2022 | Analysis, Sales Revenue, Key players and Future Investment here
News-ID: 2193851 • Views: 175
More Releases from Allied Market Research
Concrete Pumps Market Witness Tremendous Growth 2020-2027 | Future Demand, Globa …
According to a new report published by Allied Market Research, titled, “Concrete Pumps Market by Type and Industrial Vertical: Opportunity Analysis and Industry Forecast, 2020–2027,” the global concrete pumps market size was valued at $3.8 billion in 2019, and is projected to reach $4.8 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027. A concrete pump is construction equipment, which is mounted on a truck used for
HDMI Cable Market 2020-2027: Latest Updates, Market Size, Top Impacting Factors …
Allied Market Research published an exclusive report, titled, “HDMI Cable Market By Type (Standard HDMI Cable and High Speed HDMI Cable) Grade (HDMI 1.4, HDMI 2.0 and HDMI 2.1), and Application (Gaming Console, TV, Mobile Phone, Automotive System and Personal Computer & Tablet): Global Opportunity Analysis and Industry Forecast, 2020-2027”. The HDMI cable market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market
Travel Insurance Market 2020–2027: Latest COVID-19 Update, Market Size, Growth …
Allied Market Research published an exclusive report, titled, “Travel Insurance Market By Insurance Cover (SingleTrip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027”. The travel insurance market report offers an in-depth analysis of every crucial factor that
Wireless Charging Market 2020-2027: Recent Developments, Market Size, Growth Opp …
Allied Market Research published an exclusive report, titled, “Wireless Charging Market By Technology (Inductive, Resonant, Radio Frequency, and Others) and Industry Vertical (Electronics, Automotive, Industrial, Healthcare, and Aerospace & Defense): Global Opportunity Analysis and Industry Forecast, 2020-2027”. The wireless charging market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed
More Releases for Robotics
Rehabilitation Robotics Market 2025 - Kinova Robotics, Rehab-Robotics Company, T …
Rehabilitation Robotics market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making. Check for the sample here - https://www.premiummarketinsights.com/sample/TIP00000795
Warehouse Robotics Market 2020 – 2027: Technological Advancement and Growth Op …
The Insight Partners delivers well-researched industry-wide information on the Warehouse Robotics Market. It provides information on the market’s essential aspects such as top participants, factors driving Warehouse Robotics market growth, precise estimation of the Warehouse Robotics market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally, the report is a compilation of
Parallel Robots Market Key Player Analysis – ABB, Codian Robotics, Fanuc, Omro …
UpMarketResearch.com adds a new Parallel Robots Market research report for the period of 2019 - 2025 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/77782 Parallel Robots Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and
Cloud Robotics Market - Worldwide Innovation 2025 | Fanuc Corporation, Cavalry R …
Global Cloud Robotics Market: Snapshot Cloud robotics leverages remote computing resources for greater memory, collective learning, computational power, and interconnectivity for applications in robotics. Those come in especially handy when storage or computational demands surpass on-board capacity. Massive resources in a datacenter are a great way to supplement the limited local resources. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2861 Cloud robotics in the past few years has disrupted the functioning of robots drastically.
Global Interactive Robots Market 2018 – Blue Frog Robotics, Pal Robotics, S …
This report studies the global Interactive Robots market status and forecast, categorizes the global Interactive Robots market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). Request Sample At: https://www.bigmarketresearch.com/request-sample/2807080 The major manufacturers covered in this report Pal Robotics Blue Frog Robotics Softbank Robotics Vstone Savioke Ecovacs Robotics AvatarMind Robot Care System Bossa Nova Robotics Future Robotics ASUS Fellow Robots Honda Geographically, this report studies
Robotics System Integration Market
This report presents the worldwide Robotics System Integration market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-robotics-system-integration-2025-128 The Robotics System Integration market