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Aerospace Robotics Market Report 2023 Latest Insights, Market Size, Future Trends And Forecast To 2032 | Kuka AG, Abb Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd
Aerospace Robotics Market
The Business Research Company's Aerospace Robotics Global Market Report 2023 identifies increase in commercial air traffic as the major driver for the Aerospace Robotics market's growth in the forecast period. Aerospace robotics offer high precision and performance in the construction of aircraft engines, drilling and painting airframes, precise fiber cutting and placement. The growing middle-class population and the emergence of low-cost airlines offering competitive prices in developing economies is expected to contribute to airline activity, thus increasing demand for aircrafts during the period.
The global aerospace robotics market size grew from $3.38 billion in 2022 to $3.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace robotics market size is expected to grow to $5.54 billion in 2027 at a CAGR of 10.7%.
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Major competitors in the Aerospace Robotics market are Kuka AG, Abb Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd.
A key trend in the Aerospace Robotics market includes technological advancement. The aerospace industry rapidly adopts novel technologies such as the integration of robotics with 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions to enhance the performance and productivity of predefined operations in the aerospace sector. In addition, robotic technology complements human-robot collaboration and reduces the turnaround time of the manufacturing process.
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The Aerospace Robotics market is segmented -
1. By Type: Articulated, Cartesian, Other Types
2. By Application: Drilling, Welding, Painting, Inspection, Other Applications
3. By Technology: Conventional, Collaborative
4. By Component: Controller, Sensors, Drive, Arm Processor, End Effector
5. By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aerospace Robotics market.
The Business Research Company's "Global Aerospace Robotics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aerospace Robotics Market Include:
1. Executive Summary
2. Aerospace Robotics Market Characteristics
3. Aerospace Robotics Market Trends And Strategies
4. Aerospace Robotics Market - Macro Economic Scenario
5. Aerospace Robotics Market Size And Growth
……
26. Africa Aerospace Robotics Market
27. Aerospace Robotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aerospace Robotics Market
29. Aerospace Robotics Market Future Outlook and Potential Analysis
30. Appendix
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