Aerospace Robots Market Forecasts to 2030 - Global Analysis By Type, Solution, Payload, Technology, Application and By Geography

According to Stratistics MRC, the Global Aerospace Robots Market is accounted for $5.24 billion in 2023 and is expected to reach $17.19 billion by 2030 growing at a CAGR of 18.49% during the forecast period. Robots are machines that boost the efficiency of a number of tasks in the aerospace industry, from component production to the delivery of finished goods to the customer. In recent years, the internet of things (IoT) has become increasingly used in robotics. Robotics are now more likely to be used in the production of aircraft components thanks to the IoT, which helps to lower labor costs overall while also enhancing product quality and precision.

According to a survey published by the National Association of Manufacturers (NAM) in March 2020, ~80% of manufacturers expect that the pandemic will have a financial impact on their businesses. Some key companies in the region have closed their facilities and are mulling employee layoffs.

Market Dynamics:

Driver:

Advanced material handling

Aerospace robots are capable of handling difficult materials like composites, titanium, and exotic alloys thanks to their advanced end-effectors and tooling. Although these materials are frequently used in the construction of modern aircraft, they can be challenging to handle by hand. Additionally, robots streamline material handling, cutting down on waste and ensuring that costly aerospace materials are used effectively.

Restraint:

Costly initial investments

The sizeable initial investment necessary is one of the main barriers to the adoption of aerospace robots. It can be expensive to purchase sophisticated robotic systems, let alone the infrastructure and integration that are required. Furthermore, the justification of these costs may be difficult for small and medium-sized aerospace companies, which would prevent widespread adoption. The return on investment (ROI) may also take some time to manifest, which further affects budgetary considerations.

Opportunity:

Increase in collaborative robotics adoption

The adoption of collaborative robots, or cobots, presents a significant opportunity for the aerospace sector. These robots can assist human operators in the production process, increasing productivity while ensuring worker safety. Moreover, cobots can help with tasks like final assembly, inspection, and quality control that call for human dexterity, judgment, and adaptability. This reduces labor-intensive processes and boosts overall productivity.

Threat:

Economic downturns and industry cycle

The aerospace sector is vulnerable to market cyclicality and economic downturns. In order to save money, aerospace companies may reduce their robotics and automation spending when the economy is unstable. Additionally, this could result in a decline in the demand for aerospace robots, which would affect the industry's suppliers and manufacturers.

COVID-19 Impact:

The COVID-19 pandemic had a significant effect on the market for aerospace robots. Due to travel restrictions and a decline in the demand for commercial aircraft, the global aviation industry faced unheard-of challenges that had an impact on the uptake of aerospace robots. Moreover, the timely delivery and deployment of robotic systems was hampered by supply chain disruptions, labor shortages brought on by lockdowns, and social segregation measures. The pandemic, however, has also increased the demand for automation in manufacturing and maintenance to minimize human contact and improve safety.

The Articulated Robots segment is expected to be the largest during the forecast period

The Aerospace robotics market is expected to have the largest share in the articulating robots segment. The multi-joint, articulated-arm design of articulating robots makes them adaptable and popular in a wide range of industries, including manufacturing, automotive, electronics, and more. Moreover, these robots are excellent at tasks that call for accuracy, adaptability, and a broad range of motion. They are suitable for tasks like assembly, welding, painting, and material handling due to their capacity for intricate and complex operations. For their versatility and effectiveness in addressing the changing automation needs of industries, articulated robots are preferred.

The Surface Treatment segment is expected to have the highest CAGR during the forecast period

In the aerospace robotics market, the surface treatment segment had the highest CAGR. The demand for precision and consistency in surface finishing and treatment processes has grown, particularly in the automotive, aerospace, and electronics sectors. In tasks like sanding, polishing, painting, and coating, where they excel at delivering consistent and high-quality surface treatments, robots are used. Additionally, the segment's accelerated growth was also a result of developments in surface treatment technologies, such as the use of robotics in abrasive blasting and laser surface cleaning.

Region with largest share:

The largest market share for aerospace robots is anticipated to be in the North American region. Multiple factors, including the presence of significant aerospace manufacturers, a thriving aerospace industry, and a strong emphasis on automation and technological innovation, were cited as contributing to this leadership. Moreover, the aerospace industry has a long history in North American nations like the United States and Canada, which has increased the demand for sophisticated robotic systems in the production, assembly, and maintenance of aerospace components.

Region with highest CAGR:

The market for aerospace robots was growing at the highest CAGR in the Asia-Pacific region. The explosive growth of the aerospace industry in nations like China, India, Japan, and South Korea was blamed for this remarkable growth. These countries made significant investments in aerospace manufacturing, upkeep, and research, which increased the need for cutting-edge robotic systems to boost productivity and efficiency. Additionally, the Asia-Pacific region was developing into a significant hub for the manufacturing and assembly of aerospace components, which further accelerated the adoption of aerospace robots.

Key players in the market:

Some of the key players in Aerospace Robots Market include: Mitsubishi Electric Corporation, Fanuc Corporation, Oliver Crispin Robotics Limited, Yaskawa Electric Corporation, KUKA AG, Universal Robotics A/S, ABB Group, JH Robotics, Inc., Gudel AG , Industrial Designs M. Torres, Electroimpact Inc., TAL Manufacturing Solutions Limited and Kawasaki Heavy Industries Ltd.

Key Developments:

In September 2023, Mitsubishi Electric Corporation and Evercomm Singapore Pte. Ltd. jointly announced today that they have entered into a cooperative agreement to develop and market solutions that support carbon neutrality in the manufacturing sector. As part of the agreement, Mitsubishi Electric will take an equity stake in Evercomm to solidify the ties between the two companies.

In June 2023, Leonardo and Kawasaki Heavy Industries sign contract for additional MCH-101 helicopters and the start of a mid-life update programme for the type in Japan. The signing coincides with Kawasaki Heavy Industries (KHI), Leonardo, and Marubeni Aerospace Corporation celebrating a 20-year partnership in the helicopters market.

In November 2020, KUKA Robotics and AutomaTech Robotik partnership agreement extended to the North American Market. The two companies signed a strategic partnership to blend trusted HOMAG CNC equipment with proven advancements in robotic part handling based on KUKA robots.

Types Covered:

• Articulated Robots
• Linear/Cartesian Robots
• Parallel Robots
• Cylindrical
• Selective Compliance Assembly Robot Arm (SCARA) Robots
• Other Types

Solutions Covered:

• Hardware
• Software
• Services
• End effector
• Other Solutions

Payloads Covered:

• Up to 16.00 kg
• 16.01 - 60.00 kg
• 60.01 - 225.00 kg
• More than 225.00 kg
• Other Payloads

Technologies Covered:

• Conventional Technology
• Collaborative Technology
• Other Technologies

Applications Covered:

• Material Handling
• Surface Treatment
• Composites
• Drilling & Fastening
• Inspection
• Welding
• Non-destructive Testing
• Sealing & Dispensing
• Processing
• Handling
• Painting & Coating
• Assembly
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances