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Aerospace Robotics Market to Record 11.6% CAGR Growth Through 2029 | Global Analysis Report
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Aerospace Robotics Market Outlook: How is the Market Expected to Grow by 2025?
The market size of aerospace robotics has seen a rapid expansion in recent years. It is projected to rise from a value of $4.55 billion in 2024 to a size of $5.16 billion in 2025, translating to a compound annual growth rate (CAGR) of 13.3%. The growth observed in the historic period is largely due to factors such as global economic development, escalation in commercial air traffic, surging automation, increased demand for personalized products and labor shortages.
Aerospace Robotics Market Forecast: What Size Will It Reach By 2029?
Anticipated to see swift expansion in the future, the aerospace robotics market is predicted to reach a size of $8 billion in 2029, featuring a compound annual growth rate (CAGR) of 11.6%. Factors contributing to the projected growth comprise an escalating use of unmanned aerial vehicles (uavs), a thriving demand for space exploration, rising investments in research and development, and abbreviated production cycles. Key trends expected to emerge during the forecast period include the incorporation of AI and machine learning, swarm robotics, cooperations between humans and robots, exoskeletons and wearable robotics, as well as collaborations and partnerships.
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Which Key Market Drivers Will Shape Aerospace Robotics Industry Trends in 2025-2029?
The uptick in trade air travel is predicted to stimulate the aerospace robotics industry in the forthcoming years. Aerospace robots, providing elevated precision and efficiency for tasks such as aircraft engine assembly, airframe drilling and painting and fiber cutting and placement, are invaluable in this industry. The rise of a substantial middle-class population and the introduction of budget airlines with competitive pricing in evolving economies are anticipated to boost airline activity, subsequently driving up the need for aircraft in this period. As an example, Boeing's commercial market outlook for 2020-2039 suggests that by 2030, India's domestic air passenger market will be twice its size compared to pre-pandemic levels. This expansion is forecasted to necessitate an additional 2,200 new commercial aircraft in India over the subsequent two decades, thereby propelling growth in the aerospace robotics industry during this timeframe.
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What Are the High-Growth Segments in the Aerospace Robotics Market?
The aerospace robotics market covered in this report is segmented -
1) By Type: Articulated, Cartesian, Other Types
2) By Technology: Conventional, Collaborative
3) By Component: Controller, Sensors, Drive, Arm Processor, End Effector
4) By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
5) By Application: Drilling, Welding, Painting, Inspection, Other Applications
Subsegments:
1) By Articulated Robots: 6-Axis Articulated Robots, 7-Axis Articulated Robots, Collaborative Articulated Robots
2) By Cartesian Robots: Gantry Robots, Linear Robots, Delta Robots
3) By Other Types: SCARA Robots (Selective Compliance Assembly Robot Arm), Cylindrical Robots, Parallel Robots, Mobile Robots, Humanoid Robots
Which Global Trends Are Driving Aerospace Robotics Market Expansion?
Prominent organizations in the aerospace robotics niche are progressing pioneering solutions like robots inspired by worms to augment upkeep and scrutiny procedures. Worm-like robots are soft-bodied automated systems with high flexibility capable of navigating through compressed or enclosed conditions. For instance, Sensiworm, a worm-like robot for on-wing inspections of jet engines, was introduced by GE Aerospace, an American aerospace company, in September 2023. This robot, mimicking an inchworm, uses self-contained soft robotics technology to explore the complex insides of jet engines, identifying defects and assessing the density of thermal barrier coatings. It is set up to relay live video and data back to the handlers, improving the audit process by offering immediate feedback on engine status. The Sensiworm possesses the capability to navigate through restricted spaces and complex configurations within engine parts.
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Who Are the Fastest-Growing Companies in the Aerospace Robotics Industry?
Major companies operating in the aerospace robotics market include 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., subsidiary of Hyundai Motor Group, Clearpath Robotics Inc., Fetch Robotics Inc., GreyOrange Pte. Ltd.
What Is the Regional Outlook for the Aerospace Robotics Market by 2029?
North America was the largest region in the aerospace robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace robotics market share during the forecast period. The regions covered in the aerospace robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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