Aerospace Robotics Market Size Worth US$ 5.45 Billion, Globally, by 2027 at 11.82% CAGR

According to the latest report by IMARC Group, titled "Aerospace Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global aerospace robotics market reached a value of US$ 2.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.45 Billion by 2027, exhibiting at a CAGR of 11.82% during 2022-2027. Aerospace robotics are advanced programmable machines designed to perform multiple predefined operations, such as manufacturing and maintaining essential aircraft components. They are usually controlled through spherical, parallel, cylindrical, cartesian, and selective compliance articulated robot arm (SCARA) solutions. These technologies deal with drilling holes in engines, welding, inspection, painting of airframes, and producing various exterior and interior aircraft parts. As compared to conventional manual systems, aerospace robotics offer higher precision and flexibility and can undertake and execute repetitive tasks while ensuring consistent high-speed production. Along with this, they are reliable and aid in reducing labor costs, performing non-destructive ultrasonic metrology inspections, increasing worker safety, and detecting the integrity of aircraft skins.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Aerospace Robotics Market Trends:

The substantial expansion in the aerospace and aviation sectors is creating a positive outlook for the market. Aerospace robotics are employed to execute various tasks, such as performing labor-intensive inspections, sealing and dispensing processes, and producing aircraft parts. They are also In line with this, the shifting inclination of aircraft manufacturers toward automation and robotics due to the lack of a skilled workforce and the multiple benefits offered by the product is acting as another growth-inducing factor. Moreover, aerospace robotics help optimize the production of narrow-body aircraft with ultra-lightweight and small-sized components to maximize structural stability and minimize mass, which is contributing to the market growth. Additionally, the large-scale integration of three-dimensional (3D) vision technology, the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) to enable autonomous machining, decision-making, and predicting maintenance failures and cycles is positively stimulating the market growth. Furthermore, the rising health concerns and the outbreak of the COVID-19 pandemic have prompted manufacturers to design and extensively utilize robotic technology to clean and sanitize aircraft interiors, which is impelling market growth. Other factors, including the rapid upgradation of cyber-physical systems (CPS) and strategic collaborations amongst key players to streamline inventory management operations with the support of aerospace robotics, are creating a positive outlook for the market.

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Global Aerospace Robotics Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• ABB Ltd
• Electroimpact Inc.
• FANUC Corporation
• General Electric Company
• Güdel Group AG
• JH Robotics Inc.
• Kawasaki Heavy Industries Ltd.
• KUKA AG (Midea Group)
• Mitsubishi Electric Corporation
• Teradyne Inc.
• Yaskawa Electric Corporation.

Breakup by Type:

• Articulated
• Cartesian
• SCARA
• Parallel
• Others

Breakup by Component:

• Controller
• Arm Processor
• End Effector
• Camera and Sensors
• Others

Breakup by Technology:

• Traditional
• Collaborative

Breakup by Application:

• Drilling
• Welding
• Painting
• Inspection
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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