The Future of the Aerospace Robotics Market Growth, And Research Report Breakdown

The aerospace robots market is estimated at USD 2.9 billion in 2021 and is projected to reach USD 4.9 billion by 2026, at a CAGR of 11.4% from 2021 to 2026. Aircraft manufacturers are trying to gain a competitive advantage over the other market players by providing lower-priced products. Increasing labor cost is one of the major concerns in the aerospace industry. The use of robots is expected to cut down labor costs and increase productivity. Though the initial cost of robots is high, it proves more beneficial than employing a huge workforce in the long term. Human workers need to be compensated in other ways, such as salaries, incentives, leaves, and allowances. However, a robot does not require any such compensations.

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Based on robot type, the traditional robots will register the highest growth from 2021 to 2026.

Based on type, the aerospace robots market is segmented into traditional robots and collaborative robots. Traditional robots have been further segmented into articulated, parallel, linear/cartesian, SCARA, and others (cylindrical and spherical). They differ as per the type of motion of the joints, which can be linear or rotary. Aerospace manufacturing employs different types of robots for different applications, such as drilling, fastening, painting, and coating. These activities require different robots, and sometimes they require the combination of different robots to perform certain tasks, such as fuselage assembly, aircraft inspection, and health monitoring system.

Based on Component, the end effector segment will register the highest growth from 2021 to 2026.

The aerospace robots market based on components is segmented into the controller, arm processor, sensors, drive, and end effector. Robotic components are electronic and mechanical devices that are used to operate robots, provide significant commands, and complete tasks. Components in aerospace robotics use different types of hardware and software inputs in varied applications. The main purpose of components in aerospace robots is to act as per the set robotic program; gain signal & command, and then perform according to the set application, with precise and high accuracy. Generally, aerospace robots include the hardware of robots, such as robotic arms, end effectors, drivers, sensors, and controllers.

Based on application, the processing segment will register the highest growth from 2021 to 2026.

The aerospace robotics market, based on the application of robotics for aircraft assembly and manufacturing activity, is segmented into drilling & fastening, inspection, welding, painting & coating, among others. Robot systems based on these applications are tuned as per the requirements and tasks. Aerospace robots provide substantial benefits in cost and flexibility, as well as reducing lead time in the assembly and manufacture of airframe (fuselage), aircraft wings, and other components of an aircraft.

Based on region, Asia Pacific region will register the highest growth from 2021 to 2026.

Asia Pacific is considered a technology and innovation leader. It has the fastest-growing technology companies based on percentage revenue growth over three years. China, Japan, South Korea, and India have developed their aerospace robotic systems, which are expected to present opportunities to export indigenous aerospace robotic technologies. The presence of players like Commercial Aircraft Corporation of China, Ltd. (COMAC) and local manufacturers providing aerospace robotics systems at lower costs compared to other manufacturers is driving the market. COMAC has increased the modernization of its assembly and production line, increasing its capabilities for meeting the demand for aircraft.

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, suchasKuka AG (Germany), ABB Group (Switzerland), FANUC Corporation (Japan), Yaskawa electric corporation (Japan), Kawasaki Heavy Industries Ltd (Japan), Mtorres (Spain), Oliver Crispin Robotics Limited (UK), Gudel AG (Switzerland), Electroimpact Inc. (US), Universal Robots A/S (Denmark).

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This release was published on openPR.