Aerospace Robotics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Aerospace Robotics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Aerospace Robotics Market

The Aerospace Robotics market size was valued at USD 2.66 billion in 2023, and the market is now projected to grow to USD 48.39 billion by 2032, exhibiting a CAGR of 25.0% during the forecast period of 2024-2032.

The rapid flare-up of the pandemic has changed the elements of the aerospace robotics market growth for the coming years as request for modern airplane has declined since the coronavirus episode. To overcome this widespread OEMs within the flying industry are centering on variables such as the governments of nations arranging to overhaul the supply chain administration by considering the aspect of widespread into consideration. Airplane OEMs are looking forward to streamlining their operational forms and centering on stock administration to overcome the effect of the outrageous pandemic on commercial aviation businesses.

The utilize of artificial intelligence (AI) in aircraft support has driven to a diminish in airplane support cycles and airplane disappointments. It can foresee any maintenance disappointments on airplane before any incident happens. Smart AI-based arrangements for airplane based on information from diverse sorts of sensors are being executed by companies such as Airbus SAS. The company centers on AI-based robots for applications such as independent machining, decision-making, collaborative robots (cobot) innovation, and others. The airplane producers lean toward cost-effective and speedier robots within the fabricating of the next-generation airplane and maintenance, repair, and redesign administrations. The concept of shrewd robots is an upcoming slant as robots are connected with AI and IoT based frameworks.

The usage of mechanical technology rearranges and optimizes the operational prepare within the manufacturing industry. In any case, the operational handle of routine robots envelops dangers related to the security of laborers working close the robots. For illustration, in the event that a robot is performing the assignment of the bundling of wrapped up merchandise, at that point simultaneously, the specialist was not able to lock in in post bundling assignments. In this way, the expansion of collaborative robots helps to make merchandise that may work in collaboration with the specialists on the shop floor. Consequently, collaborative robots were presented. They are more secure, straightforward to program, and coordinated with the other machines.

Comprehensive Analysis of Aerospace Robotics Market

In accordance to the application bifurcations, the market is sectioned into assembly, material handling, composites application and surface treatment. With a rise in demand for the composite based components, the composite application to take over the lead in the market. On the division of robot type the market is categorized into articulated robots, selective compliance assembly robot arm (SCARA) robots, parallel robots and linear/Cartesian robots. The linear or cartesian robots among all the four types to take lead. On the analysis of technology, the market is bifurcated into collaborative and conventional. The conventional technology with larger market share to dominate the market pool. The bifurcation taken place on the solution analysis is generalized as services, hardware and software. Lastly, the payload analysis in the aerospace robotics market is fragmented as extra-large payloads robots (200 kg to 1,500 kg), large payloads robots (100 kg to 200 kg) and small-medium payloads robots (2 kg to 100 kg).

The territory of North America is assessed to hold the biggest aerospace robotics market share of USD 1.01 billion in 2019 and is additionally anticipated to be the fastest-growing region amid the estimate period. The U.S. has essentially expanded its investing on modernizing its airplane fabricating units in later years. Additionally, and the government specialists are focusing on contributing to progressed innovation robots within the up and coming a long time.

The key market players enlisted as: Kawasaki Robotics (U.S.), Oliver Crispin Robotics Ltd. (U.K.), Yaskawa Electric Corporation (Japan), TAL Manufacturing Solutions Limited India (India), KUKA AG (Germany), Fanuc Corporation (Japan), ABB Group (Switzerland), Universal Robotics A/S (Denmark) and Electroimpact Inc. (U.S.) are included in planning and creating robots with the consolidation of progressed mechanical frameworks. Companies are looking forward to creating mechanically, progressed, cost-effective robots. These companies are receiving geographic extension techniques to set up their solid nearness within the market.

Within the month of July 2021, Fanuc Corporation reported that it has begun the generation of 750,000th mechanical robot, speaking to a record high point within the mechanical autonomy industry. FANUC Corporation's client base covers a wide run of businesses counting automotive, aviation, nourishment and refreshment, customer products, therapeutic and pharmaceutical, warehousing, and numerous more.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD Billion)

SegmentationBy Application

Material Handling

Surface Treatment

Composites Applications

Assembly

Others

By Robot Type

Articulated Robots Market

Linear/Cartesian Robots

Parallel Robots

Selective Compliance Assembly Robot Arm (SCARA) Robots

Others

By Technology

Conventional Technology

Collaborative Technology

By Solution

Hardware

Controller

Arm Processor

Sensors

Drive

Others

Software

Application Based Software

System Based Software

Cloud-Based Software

Planning, Service, Safety, Project Engineering Software

Services

By Payload

Small - Medium Payloads Robots (2kg to 100 kg)

Large Payloads Robots (100kg to 200kg)

Extra Large Payloads Robots (200 Kg to 1,500kg)

By Geography

North America (the U.S. and Canada)

Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe)

Asia-Pacific (Japan, China, India, Australia, and Rest of Asia- Pacific)

The Middle East and Africa (The UAE, Saudi Arabia and the Rest of the Middle East and Africa)

South America (Brazil, Rest of South America)


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