Press release
Exponential Growth in Aerospace Plastics Markets: Extensive Insights, Impressive CAGR, Market Size, Trends and Drivers
Aerospace Plastics Markets
Unlocking the Future of the Global Aerospace Robotics Market, from $4.55 Billion in 2024 to an Estimated $8.17 Billion by 2029
What Is The Projected Market Size Of The Global Aerospace Robotics Market And Its Growth Rate?
• The aerospace robotics market size has demonstrated substantial growth in recent times, and this momentum is poised to continue. The market, which was valued at $4.55 billion in 2024, is expected to reach $5.19 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 13.9%.
• This healthy expansion during the historic period can be credited to various factors such as robust global economic growth, the surge in commercial air traffic, increased automation, rising demand for customized products, and labor shortages.
• Looking forward, the aerospace robotics market is projected to continue its rapid expansion and touch a valuation of $8.17 billion by 2029, corresponding to a CAGR of 12.0%.
• The growth in the forecast period can be attributed to increasing use of unmanned aerial vehicles (UAVs), growing demand for space exploration, rising investments in research and development, and shorter production cycles.
What Is Driving The Growth In The Aerospace Robotics Market?
The rise in commercial air traffic is a major driver of growth in the aerospace robotics market. Aerospace robotics systems provide high precision and performance in the creation of aircraft engines, drilling and painting airframes, and in precise fiber cutting and placement. The growing middle-class population in developing economies and the emergence of low-cost airlines have created a surge in airline activity. This has subsequently led to increased demand for aircraft, contributing to the rise in the aerospace robotics market. For instance, Boeing's 2020-2039 commercial market outlook reveals that India's domestic air passenger market is likely to double by 2030 from pre-pandemic levels. This increase is expected to create a demand for an additional 2,200 new commercial aircrafts in the next 20 years in India, thus fueling the growth of the aerospace robotics market.
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Who Are the Key Players Driving Aerospace Robotics Market Growth?
• KUKA Aktiengesellschaft
• ABB Group
• FANUC Corporation
• Yaskawa Electric Corporation
• Kawasaki Heavy Industries Ltd.
• Apex Automation and Robotics
• Nachi-Fujikoshi Corp.
• Stäubli International AG
• Omron Adept Technologies Inc.
• Mitsubishi Electric Corporation
• JH Robotics Inc.
• M Torres Olvega Industrial S.A.
• Comau S.p.A.
• MTM Robotics LLC
• Honeybee Robotics Ltd.
• Oliver Crispin Robotics Ltd.
• Güdel Group AG
• Electroimpact Inc.
• Astrobotic Technology Inc.
• Maxar Technologies Inc.
• Motiv Space Systems Inc.
• Northrop Grumman Corporation
• Altius Space Machines Inc.
• Made In Space Inc.
• Aethon Inc.
• Blue River Technology Inc.
• Clearpath Robotics Inc.
• Fetch Robotics Inc.
• GreyOrange Pte. Ltd.
What Are The Key Trends In The Aerospace Robotics Market?
• Integration of AI and machine learning
• Swarm robotics
• Human-robot collaboration
• Exoskeletons and wearable robotics
• Collaborations and partnerships
What Are The Segments Of The Global Aerospace Robotics Market?
• By Type: Articulated, Cartesian, Other Types
• By Technology: Conventional, Collaborative
• By Component: Controller, Sensors, Drive, Arm Processor, End Effector
• By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
• By Application: Drilling, Welding, Painting, Inspection, Other Applications
Which Region Leads The Aerospace Robotics Market?
North America was the largest region in the aerospace robotics market in 2024, and Asia-Pacific is expected to be the fastest-growing region during the forecast period.
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What Is Covered In The Aerospace Robotics Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Robotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Robotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Robotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Robotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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