PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118054
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118054
According to SPER Market Research, the Global Aerospace Robotics Market is estimated to reach USD 7.98 billion by 2030 with a CAGR of 11.9%.
Cartesian, articulated, and other forms of robots are the principal types used in aircraft. The production of airplanes uses articulated robots, which have two or more rotational joints and can handle circular motions. Drilling, welding, painting, inspection, and other uses are among the many uses of aerospace robots. Many aerospace robotics components include controllers, sensors, drives, arm processors, and end effectors with technologies like conventional and collaborative as well as aerospace robotics payloads like small-medium payload robots, big payload robots, and oversized payload robots.
During the anticipated period, the market for aerospace robots is majorly driven by the expansion of commercial air travel. Aerospace robotics offers great performance and precision in the drilling and painting of airframes, the exact cutting and placing of fiber, and the manufacturing of aircraft engines. There will be an increase in demand for aircraft over the period as a result of the expanding middle class and the rise of low-cost airlines with affordable fares in developing nations.
The aerospace robotics market is made up of companies (organizations, sole proprietors, and partnerships) that sell aerospace robots to improve the efficiency and productivity of defined activities in the aerospace industry. Programmable devices known as aerospace robotics help people build aircraft engines by drilling and painting airframes, among other duties.
For instance, Airbus, IBM, and the German Aerospace centre DLR announced Project CIMON (Crew Interactive Mobile Companion) in September 2019, making it the first AI-powered space robot. A sphere-shaped, free-floating, interactive companion called CIMON was created using 3D printing. It can assist astronauts with their everyday activities and communicate with them.
Impact of COVID-19 on Global Aerospace Robotics Market:
Impact of COVID-19, which earlier prompted severe control measures such as social isolation, remote labour, and the elimination of commercial activities created operational challenges.
Scope of the report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Application, By Technology, By Type, By Component, By Payload.
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered ABB Group, Apex Automation And Robotics, Electric Corporation, Fanuc Corporation, Honeybee Robotics, Kawasaki Heavy Industries Ltd., Kuka Ag, Mitsubishi Electric Corporation, M Torres, MTM Robotics., Nachi-Fujikoshi Corp., Omron Adept Technology, Robotics Inc., Staubli, Yaskawa Electric Corporation.
Global Aerospace Robotics Market, By Application:
Based on the Application, Global Aerospace Robotics Market is segmented as; Drilling, Welding, Painting, Inspection, Others.
Global Aerospace Robotics Market, By Technology:
Based on the Technology, Global Aerospace Robotics Market is segmented as; Conventional, Collaborative.
Global Aerospace Robotics Market, By Type:
Based on the Type, Global Aerospace Robotics Market is segmented as; Articulated, Cartesian, Others.
Global Aerospace Robotics Market, By Component:
Based on the Component, Global Concentrating Solar Power Market is segmented as; Controller, Sensors, Drive, Arm Processor, End Effector
Global Aerospace Robotics Market, By Payload:
Based on the Payload, Global Aerospace Robotics Market is segmented as; Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
Global Aerospace Robotics Market, By Region:
The Global Aerospace Robotics Market is majorly driven by North America. During the projected period, Asia Pacific is anticipated to have the quickest rate of growth in the worldwide Global Aerospace Robotics Market.