Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The landscape of the Aerospace Robotics market is intricately affected by a variety of market factors. One key driver of this market is the need for automation and efficiency in the aerospace sector. The airline industry has been expanding globally with a call to incorporate modern technologies in manufacturing processes, cut costs and increase overall productivity. This thus calls for automation of complex tasks such as assembly, inspection, maintenance among others thus contributing to increased operational efficiencies.
Technological advancements have played a leading role in shaping the direction taken by the Aerospace Robotics industry. There has been continuous pressure to produce sophisticated and adaptable robots due to rapid developments in robotics and artificial intelligence. These include smart sensors, collaborative robots, which can work with human operators and machine learning algorithms among other advances. As such designs not only improve upon precision and speed during aerospace manufacturing but also enhance safety at workplaces.
The global economic climate has significant impacts on the Aerospace Robotics market. Variations in economic state, foreign exchange rates, geopolitical issues can change investment decisions made within the aviation sector. During any economic growth period capital expenditure usually tends to rise for purposes of modernizing manufacturing facilities that may culminate into investments in aerospace robotics; meanwhile if we see an economic slowdown there might be cautious spending practices and postponement of technology adoption.
Additionally, issues concerning competition become important elements that affect all areas of business including Aerospace Robotics market served by various companies within their product marketing strategies.The giant players’ presence or newcomers’ entry into this industry are examples of source elements that influence general competitive dynamics.With continuous research efforts so as to gain a competitive advantage through innovative robotics offering solutions suited manufacturers changing needs regarding requirements.This entails valuable partnerships and collaborations with stakeholder partners on whom its degree is dependent.
Government regulations as well as policies make an immense impact on Aerospace Robotics market space too since aviation globally should observe strict safety and quality rules.Compliance with them is necessary for those who create these products so that they could be reliable and safe.Government initiatives, funding for robotics-related R&D could further drive this market.
Also in the aerospace sector, sustainability is one of the notable market factors including Aerospace Robotics globally. There have been efforts to reduce emissions and increase fuel efficiency in order to make aircraft designs more sustainable which has led manufacturers to explore how they can include robotics into aircraft design and production. This involves the use of materials with lighter weights and other advanced manufacturing processes that are enabled by robots hence contributing towards the overall environment foot print made by this industry.
Aerospace Robotics Market Highlights:
Aerospace Robotics Market Overview
Aerospace Robotics Market Size Anticipated to reach value at USD 31.58 Billion by 2030 and is estimated to register a CAGR of 11.7% by 2022-2030.
Aerospace robotics is a robotic technology used to manufacture aircraft in aerospace industry. Aerospace robots are utilized for various tasks, including engine drilling holes, manufacturing, welding metal parts, and painting airframes.
COVID-19 Impact vs Opportunities for Global Aerospace Robotics Market
COVID-19 created a major impact on the aerospace robotics market. Almost every country has opted for the lockdown option for manufacturing facilities. To prevent the spread of Covid-19, the government has taken strict actions such as the shutdown of production, blocking international trade, and many more. The companies such as chemicals and pharmaceuticals are allowed operations with certain safety rules. Covid-19 has severely affected the semiconductor manufacturing industry and disrupted the global supply chain. Moreover, the strict regulations put by the government ensuring social distancing and limited workforce in manufacturing hubs at a particular time drastically impacted the production capacity of the semiconductor industry. In manufacturing, some of the tasks that humans can better perform, and other task can perform better by robots. The introduction of robots in aircraft manufacturing is a key opportunity for the aerospace robotics market. Furthermore, the human robot collaboration increases productivity and enhances safety in the aerospace industry.
Market Dynamics
- Drivers
Increasing demand for aerospace robotics from aircraft manufacturers to accomplish the production target within the period drives the growth of the global market. The increasing demand for robotics in the aerospace industry is expected to drive the growth of the global market over the forecast period. The continuous growth of automation in the aerospace industry is another factor fueling the market growth. Increasing production of military aircraft in the US, India, China, Russia, and the UK is the factor expected to drive the growth of the global aerospace robotics market over the forecast period.
- Opportunities
In the aerospace industry, robots replace traditional production processes to perform tasks that require skills that humans can’t achieve. The emergence of collaborative robots is increased due to the collaboration between human-robot collaboration, with robots operating with human employees. The integration of robots with the human workforce has increased efficiency and productivity
- Restraint
Rapid development, with growing demand for robots in industrial robotization and the field of aerospace robotics. Aerospace and industrial robotics are growing fast across the globe. The global supply of aerospace robotics has doubled from 159,000 in 2012 to 294,000 in 2016. For complex functioning, highly skilled or technical employees must operate robots. Many companies have difficulty employing skilled operators who possess the necessary technical skills to operate robots is a major factor restraining the adoption of robotics in the aerospace industry.
Value Chain Analysis
The manufacturers in numerous industries are increasing productivity by taking advantage of automation technologies. Robotics is slowly gaining acceptance by the workforce as a critical manufacturing technology for its reliability and is being utilized more extensively in medium and small enterprises.
Segment Overview
The global aerospace robotics market has been segmented on the basis of type, component, payload, application, and region.
The global aerospace robotics market, based on type, market is segmented into traditional robots and collaborative robots. The traditional robots, the market has been sub-segmented into articulated, parallel, linear/cartesian, SCARA and others. The SCARA segment is expected to exhibit the highest CAGR of 11.1% during the forecasted period.
The global market, based on component, is segmented into controller, sensor, drive, end effector and others. Based on end effector sub-segmented into welding guns, grippers, robotic screwdrivers, sanding & deburring tool, specialty & hybrid end effectors and others.
The global aerospace robotics market, based on payload, has been segmented into Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg and more than 225.00 kg. Among these, the Up to 16.00 kg segment is likely to contribute the largest market share during the review period.
The global market, based on application, is segmented into drilling & fastening, non-destructive testing & inspection, welding & soldering, sealing & dispensing, handling, assembling & disassembling, and others.
The global market, based on region is bifurcated into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Recent News:
In 2024, MDA Space, a trusted mission partner to the rapidly developing global space sector, launched MDA SKYMAKERTM, a new suite of space robotics designed to satisfy the various needs of our clients' most ambitious missions. MDA SKYMAKERTM, the world's premier space robotics technology and services, was launched at the Space Symposium conference in Colorado Springs and is now accessible for all missions and applications.
Regional Analysis
The global aerospace robotics market has been studied across Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Asia-Pacific led the Global Market in 2021, whereas the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. Additionally, the increased global aircraft demand and production and increased usage of robotics in aircraft manufacturing operations are fueling the growth of the North American market. The growing need for increased operational efficiency, enhanced safety, and new technological breakthrough in the aerospace industry is also expected to drive the market in the region.
Europe is among the top market leader in robotics, logistics, and construction manufacturing and production. The aerospace robotics market is growing due to increased demand for automation and safety in businesses and the emergence of low-cost, energy-efficient robots..
Competitive Landscape
The market for Aerospace Robotics has been witnessing a significant growth over the forecast period owing to increase in global aircraft demand & manufacturing and increasing use of robots for efficient aircraft production processes. There exist several local, regional, and global players in the market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the global aerospace robotics market who have contributed to the market growth. These include Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries Ltd, Mtorres, Oliver Crispin Robotics Limited, Gudel AG, Electroimpact Inc., Universal Robots A/S, STÄUBLI, COMAU, FESTO, and BOSTON DYNAMICS.
Recent Developments
Fanuc Corporation aims at increasing its sales with the help of organic and inorganic strategies. The company emphasizes expanding its product portfolio and marketing its services to obtain a competitive advantage. It focuses on acquisitions and mergers to expand its geographic reach and technical expertise. Furthermore, the company also focuses on maintaining a healthy relationship with its channel partners to enhance the accessibility of its product and services to the market.
KUKA AG invests heavily in its research & development to supply innovative products and sustainably compete globally. The company has collaborated with various other technology providers to sustain and expand its market presence. The company is concentrating on expanding its innovative and technological leadership by targeting fast-growing global markets and continuing to work on efficient structures. The company aims to take advantage of regional growth potential, especially in the high-growth countries of Asia and North America.
Report Overview
As per MRFR, the global aerospace robotics market has been growing significantly over the past few years. The global market has been segmented on the basis of type, component, payload, application, and region. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Objective of the Study
- To provide a detailed analysis of the market structure along with the forecast of the various segments and sub-segments of the global aerospace robotics market for the next five-six years
- To provide insights about factors affecting the market growth
- To analyze the global aerospace robotics market based on various tools such as supply chain analysis and Porter’s five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide a country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segments by type, component, payload, application, and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the aerospace robotics market
Scope of the Report
The scope of the global aerospace robotics market study includes the market size analysis and a detailed analysis of the vendor's products and strategies. The market has been segmented based on Type, Component, Payload, Application, and Region.
Intended Audience
-
Semi-Conductor Industry
-
Robotics Industry
-
Aerospace Industry
-
Industry Automation
-
Technology Investors
-
Regulatory Industries
-
Government Bodies
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
