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Aerospace Robotics Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Aerospace Robotics Market Size, Share & Trends Analysis - Global...

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Aerospace Robotics Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Aerospace Robotics Market Size, Share...
Report Code
RO14/128/2017

Publish Date
04/Apr/2022

Pages
210
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The global aerospace robotics market size was US$ 3.1 billion in 2021. The global aerospace robotics market is forecast to grow to US$ 8.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2022 to 2030.

Aerospace Robotics technology is widely used to manufacture aircraft in the aerospace industry. The technology performs several tasks, such as drilling engine holes, welding metal parts, and painting airframes.

Factors Influencing the Market

  • The benefits of aerospace robotics, such as high precision, flexible automation, and high-speed production, will fuel the growth of the global aerospace robotics market during the forecast period. 
  • Rapidly rising adoption of automated technology will drive the market forward.
  • Prominent manufacturing companies, such as Boeing Company, GKN Aerospace, Pratt & Whitney, and Airbus, are deploying robots to enhance the manufacturing process. For instance, Airbus began its highly automated fuselage structure assembly line for A320 Family aircraft in 2019 in Hamburg. This new facility of the company includes 20 robots, a digital data acquisition system, automated positioning by laser measurement, and a new logistics concept. Thus, the rising deployment of technology will accelerate the growth of the global aerospace robotics market. 
  • The applications of robotics in aircraft order backlog will also contribute to the growth of the market. 
  • The lack of a skilled workforce may limit the growth of the global aerospace robotics market. 

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic has negatively affected the global aerospace robotics market. Due to the pandemic, governments across the globe announced stringent lockdown and banned import-export of raw material items. The regulations remained for more than 2 years, which impeded the manufacturing activities in the aerospace industry. As a result, it halted the growth of the global aerospace robotics market. Furthermore, the demand for aerospace also reduced drastically due to the declining air traffic, which hampered the growth of the aerospace robotics market. 

Regional Analysis

The Asia-Pacific aerospace robotics market will exhibit the highest CAGR. It is owing to the increasing focus of governments on the aerospace and defense sector. The government bodies in the region are investing highly in this sector. Moreover, the growing number of projects is increasing the demand for efficient technology. As a result, it will benefit the Asia-Pacific aerospace robotics market during the forecast period. 

Competitors in the Market

  • ABB
  • AV&R
  • Electroimpact Inc.
  • Fanuc Corporation
  • JH Robotics, Inc.
  • KUKA AG
  • Mitsubishi Electric Corporation
  • OC Robotics
  • Universal Robots A/S
  • Yaskawa Electric Corporation
  • Other Prominent Players

Market Segmentation

The global aerospace robotics market segmentation focuses on Technology, Application, Type, and Region. 

By Technology

  • Traditional
  • Collaborative

By Application

  • Drilling
  • Welding
  • Painting
  • Inspection
  • Others

By Type

  • Articulated
  • Cartesian
  • Others

By Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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