Global Aerospace Robotics Market Size, Share & Trends Analysis Report, By Application, By Robot Type, By Technology, By Solution, Payload, By Region Forecasts, 2024-2032

Global Aerospace Robotics Market Size, Share & Trends Analysis Report, By Application, By Robot Type, By Technology, By Solution, Payload, By Region Forecasts, 2024-2032

Global Aerospace Robotics Market was valued at USD $ 2.66 billion in 2023 and is expected to reach US $ 7.78 billion by 2032 growing at a CAGR of 4.2% during the forecast period 2024 – 2032.

The potential of robots has been greatly impacted by the usage of the internet of things in the production of aircraft components, as this has led to a reduction in labour costs overall and an increase in product quality and precision. Robots are said to operate more quickly, precisely, reliably, and affordably when they are used. The lengthy waiting list for aeroplanes and the delivery delays are problems that aircraft manufacturers are dealing with. Robotics plays a key role in reducing production turnaround times, which streamlines and shortens the lead time for aircraft deliveries to airline customers.

Operational process automation is one of the many strategies used by aerospace companies for competing against each other. This strategy helps these firms save money, become more efficient, develop much better products, and increase output. The aerospace robots work hand in hand with the workers and ease the burden of working as well as increasing the efficiency of internal operations.

Because space travel robotics technology is lighter than current industrial machinery, it is portable. robotic machinery that assists human labour in labor-intensive and repetitive production operations. Furthermore, a number of industries, such as the automotive and aerospace sectors, use robotic technology and automated procedures to meet quality standards and speed up production while preventing stock building. For instance, according to the Association for Advancing Automation (A3), 39,708 robots were sold in North America in February of this year, representing a 14% increase from February 2020 and a 28% increase if these factors continue to support higher revenue during the forecast period.

Because robot operations are complicated, highly skilled personnel are needed. One of the biggest obstacles to the widespread use of robots in aerospace is the difficulty in obtaining skilled operators who are knowledgeable about controlling them. The second problem arises when a robot needs maintenance, which is likewise difficult and requires specialised knowledge. Operators must possess a rudimentary understanding of both the robot's software and hardware. Another barrier to the widespread application of robotics in industrial processes is the lack of skilled workers. In addition, the absence of qualified professionals capable of creating and implementing robotics technologies is impeding the growth of the aerospace robotics sector. The current aerospace operations workforce lacks the expertise necessary to operate complex robotic machinery.

“Composites Application segment, by application, to be fastest growing market from 2023 to 2030.”

Because more composite-based aeroengine turbine blades and aircraft frame structures are being used, the composites application category is predicted to increase at a considerable compound annual growth rate (CAGR) over the projection period. Furthermore, because of its strength and low weight, CFRP is one of the most sought-after goods on the market.

“Linear segment, by robot type, to be dominating market from 2023 to 2030.”

According to forecasts, the linear robot segment in aircraft robotics will hold the highest share in forecast period. However, packaging, assembling, painting, and machining are the main industries where linear robotics is used. Due to its incorporation of new technologies and ease of conducting various operations within the production process, SCARA robots are predicted to increase at the quickest rate.

“Conventional segment, by technology, to be dominating market from 2023 to 2030.”

In the forecast period, it is anticipated that the conventional technology sector would hold a larger market share. Due to the many advantages that collaborative robots offer, including mobility, adaptability, reliability, and optimisation of light collaborative operational procedures like placing, picking, testing, and measuring, collaborative technology is anticipated to increase rapidly over the course of the forecast period.

“Software segment, by solution, to be dominating market from 2023 to 2030.”

The software industry held the largest market shares in 2023. The rising need for increasingly sophisticated technological components for robots, such as motors, sensors, arm processors, and controllers. Because of the advancements in engineering project, security, and planning goods, it was projected that the software portion of the aerospace robotics business would develop at the fastest rate of all. Robotics maintenance is included in the services sector.

“Small - Medium Payloads Robots segment, by payload, to be dominating market from 2023 to 2030.”

The robots with small to medium load capacity category had the largest percentage in 2023 and is expected to increase at the fastest rate over the next few years. The expansion of this market sector would be prompted by an increase in demand for these gadgets, which are utilised to combine air craft systems and elements. In numerous industrial processes, small and medium-sized enterprises (SMEs) also favour robotic lift systems that can lift up to 100 kg.

“North America to be largest region in Aerospace Robotics market.”

With a majority market share in 2023 and the quickest growth rate throughout the course of the forecast period, North America is expected to hold the greatest market share. The United States has recently made significant investments to modernise its plants that produce aeroplanes. Furthermore, well-known manufacturers like Electro-impact Inc. and Kawasaki Robotics are spurring expansion in the US market. In addition, government agencies intend to spend heavily in highly technologically advanced robots in the upcoming years.

Aerospace Robotics Competitive Landscape

The competitive landscape of the Aerospace Robotics market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Aerospace Robotics technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Aerospace Robotics market is highly competitive, with numerous companies vying for market share. Prominent companies in the Aerospace Robotics Market include:

Major Players:

ABB Group (Switzerland), Fanuc Corporation (Japan), Electroimpact Inc. (The U.S.), Kawasaki Robotics (The U.S.), Gudel AG (Switzerland), Oliver Crispin Robotics Ltd. (The U.K), KUKA AG (Germany), Universal Robotics A/S (Denmark), TAL Manufacturing Solutions Limited India (India), Yaskawa Electric Corporation (Japan), and others.

Recent Developments:

The Fanuc Corporation declared in July 2021 that its upcoming device will be its 750,000th industrial robot—a milestone that surpasses all previous records in this field. The market for FANUC Corporation is enormous and spans a number of industries, including consumer goods, food and beverage, pharmaceutical, medical, and warehousing.

Nexter Group and other manufacturers will be hosted by GICAT, a pioneer in the French defence and security innovations ecosystem, in July 2021. The objective of the event is to showcase technologies and solutions that the French Army is now utilising side by side. The VULCAIN project, which outlines a vision for strategic robotics in the years 2035 to 2040, was introduced at a conference by the army.