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Aerospace Robotics Market Is Projected To Exceed USD 31.58 Billion By 2030, Boasting An 11.7% Compound Annual Growth Rate (CAGR) And Heralding A Robotic Revolution.

03-20-2024 12:36 PM CET | Aerospace & Defense

Press release from: Market Research Future (MRFR)

Aerospace Robotics

Aerospace Robotics

Market Insights-

According to MRFR analysis, the global Aerospace robotics market is expected to register a CAGR of ~11.7% from 2022 to 2030 and hold a value of over USD 31.58 Billion by 2030.

The aerospace robotics market refers to the industry involved in the development, production, and deployment of robotic systems and technologies for aerospace applications. Aerospace robots are designed to perform various tasks in the aerospace sector, including manufacturing, assembly, inspection, maintenance, and exploration. These robots are equipped with advanced sensors, manipulators, and control systems to operate in the demanding environments of the aerospace industry.

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The COVID-19 pandemic has had a significant impact on the aerospace robotics market. The global aerospace industry has been severely affected by travel restrictions, supply chain disruptions, and reduced air travel demand. As a result, many aerospace companies have faced financial challenges and have been forced to scale back production and delay new projects, impacting the demand for aerospace robotics. Additionally, the pandemic has prompted a reassessment of manufacturing and assembly processes in the aerospace sector. Social distancing measures and health protocols have highlighted the need for automation and robotics to reduce human contact and ensure operational continuity. Aerospace companies are now exploring increased automation and robotics integration to enhance productivity, efficiency, and worker safety.

Regional Analysis-

North America, particularly the United States, holds a significant share in the market due to its strong aerospace industry and the presence of major aerospace companies. Europe also has a prominent market presence, driven by countries like France, Germany, and the United Kingdom, which have advanced aerospace manufacturing capabilities. Asia Pacific is witnessing rapid growth in the market, fueled by countries like China and Japan, which are investing heavily in their aerospace sectors. The Middle East and Africa region is gradually emerging in the aerospace robotics market, with countries like the United Arab Emirates making advancements in aerospace technology. Latin America has a smaller market share but is witnessing increased investments and collaborations in aerospace robotics.

Market Segmentation-

The Global Aerospace robotics market has been segmented into type, Component and application.

By Type: Traditional Robots Articulated, Parallel, Linear/Cartesian, Scara and Others

By Component: Controller, Sensor, Drive and End Effector

By Application: Drilling & Fastening, Non-Destructive Testing, Inspection, Welding, Soldering, Sealing, Dispensing, Handling, Assembling &, Disassembling and others.

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Key Companies in the Aerospace Robotics Market include -

Kuka AG
ABB Group
FANUC Corporation
Yaskawa electric corporation
Kawasaki Heavy Industries Ltd
Mtorres
Oliver Crispin Robotics Limited
Gudel AG
Electroimpact Inc.
Universal Robots A/S
STÄUBLI
COMAU
FESTO
BOSTON DYNAMICS

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Aerospace Robotics Market Industry Developments -

Fanuc Corporation wants to use both organic and inorganic techniques to boost sales. To gain a competitive edge, the corporation places a strong emphasis on marketing its services and diversifying its product line. In order to increase its technological know-how and geographic reach, it concentrates on mergers and acquisitions. In addition, the organization prioritizes upholding positive relationships with its channel partners in order to improve the marketability of its goods and services.

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