Market Size of Aerospace Robotics Industry : $2.9 Billion in 2020, Estimated to Reach $9.2 Billion by 2030, CAGR of 12.69% (2021-2030)

According to a new report published by Allied Market Research, titled, "Aerospace Robotics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2020-2030."

𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝟐𝟎𝟐𝟎-𝟐𝟎𝟑𝟎 :

The aerospace robotics market was valued at $2.9 billion in 2020, and is estimated to reach $9.2 billion by 2030, growing at a CAGR of 12.69% from 2021 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/2152

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

ABB,
Electroimpact Inc.,
AV & R,
JH Robotics, Inc.,
Fanuc Corporation,
Mitsubishi Electric Corporation,
KUKA AG,
Universal Robots A/S,
OC Robotics,
Yaskawa Electric Corporation.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated global aerospace robotics market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient aerospace robotics systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of aerospace robotics across several countries in Asia, for instance, China, India, Japan, and South Korea.

On the basis of technology, the market is segmented into traditional and collaborative. The traditional segment garnered the highest revenue in 2020, owing to high demand for traditional robots for different applications.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/aerospace-robotics-market/purchase-options

Depending on application, the aerospace robotics market is fragmented into drilling, welding, painting, inspection, and others. The drilling segment was the highest revenue contributor in 2020, owing to high demand for aerospace robotics, for drilling purposes.

By type, the aerospace robotics market is segregated into articulated, cartesian, and others. The articulated segment accounted for the highest revenue in 2020, owing to high demand for articulated type aerospace robotics that are being deployed for numerous aerospace applications across the globe.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 impact on the aerospace robotics market is unpredictable and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw material items for most of 2020 & few months in 2021. This led to sudden fall in availability of important raw materials for manufacturing aerospace robot components.

Moreover, nationwide lockdown forced aerospace robotics manufacturing facilities to partially or completely cease their operations.

Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of advanced aerospace robotics components across the globe.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/2152

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By technology, the collaborative segment is expected to register a significant growth during the forecast period.

On the basis of application, the others (cutting, assembly automation, and material handling) segment is anticipated to exhibit significant growth in future.

Depending on type, the others (cylindrical, spherical, SCARA, and parallel) segment is anticipated to exhibit significant growth in future.
Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Automotive Robotics Market : https://www.alliedmarketresearch.com/automotive-robotics-market-A08681

Aerospace 3D Printing Market : https://www.alliedmarketresearch.com/aerospace-3d-printing-market-A15812

Space Robotics Market :
https://www.alliedmarketresearch.com/space-robotics-market-A07165

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.