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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
RO13/107/1998

Publish Date
23/Jun/2022

Pages
210
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The global aerospace robotics market size was US$ 2.1 billion in 2021. The global aerospace robotics market is forecast to grow to US$ 5.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.7% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The aerospace business is continuously growing due to the growing use of modern technology, such as robotics. As a result, it will contribute to the growth of the global aerospace robotics market. In addition, robotics is expected to gain wide traction due to the growing focus on commercial processes in aerospace production. Thus, it will boost the growth of the global aerospace robotics market during the forecast period. 
The surging demand for automation and rising labor costs is expected to increase the growth prospects for the aerospace robotics market. On the contrary, the shortage of skilled professionals may limit the growth of the global aerospace robotics market during the forecast period. 
Growing deployment of technology to limit the spread of the virus and increase the efficiency of the task will also drive the aerospace robotics market forward. In addition, the growing focus on governments to improve infrastructure will also benefit the aerospace robotics market during the study period.
Growing passenger traffic at airports will also escalate the growth of the global aerospace robotics market.

COVID-19 Impact Analysis
The COVID-19 pandemic surged the demand for aerospace robotics to impede the spread of the virus. Moreover, the pandemic forced the authorities to maintain the security of the passengers and minimize human efforts. Thus, it has escalated the growth of the global aerospace robotics market.

Regional Analysis
North America is forecast to hold dominance in the aerospace robotics market owing to the growing passenger traffic in this region. Furthermore, the early adoption of new technology in the region is forecast to benefit this regional market during the study period. The market is also driven by the rising disposable income and increasing spending on updating its aircraft production units. For instance, Reliable Robotics has raised nearly US$ 100 million in funding in 2021. With this funding, the firm will automate traditional fixed-wing planes. 
The Asia-Pacific aerospace robotics market is also forecast to record a significant growth rate due to the growing passenger traffic. Moreover, the adoption of the robotic system is increasing in developing countries like China, India, and Japan. Airport authorities are also investing highly in automated technologies, which will benefit the Asia-Pacific aerospace robotics market.
Competitors in the Market
• Kuka AG
• ABB Group
• Fanuc Corporation
• Yaskawa Electric
• Kawasaki Heavy Industries
• Mtorres
• Oliver Crispin Robotics
• Gudel Ag
• Electroimpact Inc.
• Universal Robots A/S
• Swisslog Ag
• Reis Robotics
• Boston Dynamics
• Bosch Rexroth
• Other Prominent Players

Market Segmentation
The global aerospace robotics market segmentation focuses on Component, Solution, Payload, Application, and Region. 
By Component
• Controller
• Sensor
• Drive
• End Effector
By Solution
• Traditional Robots
• Collaborative Robots
By Payload
• Up to 16.00 kg
• 16.01 - 60.00 kg
• 60.01 - 225.00 kg
• More than 225.00 kg
By Application
• Drilling & Fastening
• Non-destructive Testing & Inspection
• Welding & Soldering
• Sealing & Dispensing
• Processing
• Handling
• Assembling & Disassembling
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

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