Aerospace Robotics Market Report, Size, Share, Industry Outlook, Growth, Forecast 2023-2028

The latest report published by IMARC Group, titled "Aerospace Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on aerospace robotics market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global aerospace robotics market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.

Aerospace Robotics represents a pioneering frontier in the aerospace industry, encompassing a range of automated systems and machines designed to perform intricate tasks in the maintenance, construction, and operation of aircraft and spacecraft. These high-precision robots come in various types, including robotic arms for assembly, inspection drones for maintenance, and autonomous vehicles for material handling. They play a pivotal role in enhancing manufacturing efficiency, reducing human error, and improving safety in aerospace operations. They enable tasks such as welding, painting, and quality control with unparalleled precision. The advantages of Aerospace Robotics are profound. They contribute to the production of lightweight and fuel-efficient aircraft, thereby reducing operational costs and environmental impact. Additionally, they enhance safety by performing dangerous tasks, such as inspection of aircraft surfaces at great heights or in harsh environments.

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Market Trends:

The global Aerospace Robotics market is experiencing robust growth, driven by a confluence of factors shaping the aerospace and defense industry. As demand for air travel and space exploration continues to surge, aerospace manufacturers are increasingly turning to Robotics to meet the growing production needs. Technological advancements in robotics, such as the integration of artificial intelligence and machine learning, are enhancing the capabilities of Aerospace Robotics, making them more adaptable and autonomous. The COVID-19 pandemic accelerated the adoption of automation and contactless technologies in aerospace manufacturing and maintenance, further fueling the market's expansion. Aerospace companies are striving to reduce operational costs and improve efficiency, making Robotics an essential component of their strategies. Collaborations between leading aerospace firms and robotics manufacturers are fostering innovation and the development of custom solutions. Regulatory support for automation in aerospace operations is also driving market growth, with safety and quality standards aligning with the capabilities of Aerospace Robotics. In a highly competitive industry focused on precision and efficiency, Aerospace Robotics are poised to play an increasingly pivotal role, offering opportunities for manufacturers to enhance productivity and maintain their competitive edge on a global scale.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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

Aerospace Robotics Market Segmentation:

Our report has categorized the market based on region, type, component, technology, payload and application.

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 Payload:
• Up to 16.00 KG
• 16.01-60.00 KG
• 60.01-225.00 KG
• More than 225.00 KG

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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.