Aerospace Robotics Global Market Report 2024

“Aerospace Robotics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aerospace robotics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aerospace robotics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aerospace robotics market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Articulated; Cartesian; Other Types
• 2) By Technology: Conventional; Collaborative
• 3) By Component: Controller; Sensors; Drive; Arm Processor; End Effector
• 4) By Payload: Small-Medium Payloads Robots; Large Payloads Robots; Extra Large Payloads Robots
• 5) By Application: Drilling; Welding; Painting; Inspection; Other Applications
• Companies Mentioned: KUKA Aktiengesellschaft; ABB Group; FANUC Corporation; Yaskawa Electric Corporation; Kawasaki Heavy Industries Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Aerospace robotics refers to programmable machines designed to assist humans in various tasks related to the construction of aircraft engines, including activities such as drilling and painting airframes. These robotics play a crucial role in enhancing the performance and productivity of predefined operations within the aerospace sector.

The primary types of aerospace robotics include articulated, cartesian, and other specialized forms. Articulated robots, featuring two or more rotary joints that facilitate circular movements, are commonly employed in the aircraft manufacturing process. Various applications of aerospace robotics span drilling, welding, painting, inspection, and other related tasks. Components of aerospace robotics encompass controllers, sensors, drives, arm processors, and end effectors, with technologies including conventional and collaborative. Additionally, aerospace robotics come with different payload capacities, ranging from small-medium payload robots to large and extra-large payload robots.

The aerospace robotics market research report is one of a series of new reports from The Business Research Company that provides aerospace robotics market statistics, including aerospace robotics industry global market size, regional shares, competitors with aerospace robotics market share, detailed aerospace robotics market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace robotics industry. This aerospace robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aerospace robotics market size has grown rapidly in recent years. It will grow from $4.07 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth observed in the historic period can be attributed to various factors, including global economic growth, an increase in commercial air traffic, the rise of automation, a growing demand for product customization, and challenges related to labor shortages. These combined influences have played a significant role in shaping the positive trajectory witnessed during that time.

The aerospace robotics market size is expected to see rapid growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The anticipated growth in the forecast period can be attributed to various factors, including the increasing use of unmanned aerial vehicles (UAVs), a growing demand for space exploration, rising investments in research and development, and shorter production cycles. Key trends expected during this period encompass the integration of artificial intelligence (AI) and machine learning, advancements in swarm robotics, the promotion of human-robot collaboration, the utilization of exoskeletons and wearable robotics, and an emphasis on collaborations and partnerships within the industry. These trends reflect the dynamic evolution of aerospace robotics and the ongoing efforts to leverage cutting-edge technologies for improved efficiency and innovation.

The surge in commercial air traffic is anticipated to steer the aerospace robotics market in the upcoming years. Aerospace robotics, known for their precision and high-performance capabilities in constructing aircraft components, are vital in processes like engine manufacturing, airframe drilling, and painting, as well as precise fiber cutting and placement. The rise of middle-class populations and the emergence of low-cost carriers in developing nations are projected to increase airline activity, subsequently augmenting the demand for new aircraft during this period. For example, Boeing's commercial market outlook from 2020 to 2039 predicted that India's domestic air passenger market could double in size by 2030, leading to an additional need for 2,200 new commercial aircraft in the next two decades, thereby propelling growth in the aerospace robotics market.

The increased adoption of cost-effective and fuel-efficient aircraft is set to bolster the aerospace robotics market. These aircraft types offer optimal operational efficiency and lower fuel consumption, ultimately reducing operational costs for airlines and operators. Aerospace robotics contribute to the streamlining of manufacturing processes, diminishing labor expenses, and enhancing precision, thereby assisting in the production of cost-effective and fuel-efficient aircraft. This trend is visible in the aviation industry where the need for fuel-efficient aircraft is evident, as shown by the Department of Transportation's Bureau of Transportation Statistics (BTS) data in June 2022. Furthermore, Boeing's Commercial Market Outlook (CMO) 2022 indicates a growing demand for fuel-efficient aircraft, projected to reach 41,000 by 2041, emphasizing the impact on the aerospace robotics market.

Companies within the aerospace robotics market are prioritizing technological advancement to accelerate the development of robotics and process technologies, particularly in the creation of next-generation energy-efficient aircraft. Notably, these companies are swiftly embracing innovative technologies such as the integration of robotics with 3D visualization, the Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions. This technological integration significantly enhances operational performance and productivity in the aerospace industry, reducing turnaround times and facilitating human-robot collaboration. For instance, in February 2021, Ai Build, a UK-based developer specializing in AI-based robotic 3D printing, raised $1 million to further scale its AI-driven robotic technology in global aerospace and automotive sectors. This advancement in robotic systems, incorporating cloud-based software AiSync, effectively expedites large-scale 3D printing within the aerospace and automotive industries.

Major companies within the aerospace robotics market are employing a strategic partnership strategy to deliver a comprehensive array of solutions and benefits to their clientele. This approach involves the collaboration of companies to leverage their combined strengths and resources for mutual advantages. For example, in March 2023, Emirates Group, an aviation entity based in the United Arab Emirates, formed a partnership with the Dubai Future Foundation, an economic development agency within the same nation. Through this collaboration, they aimed to establish the Emirates Centre of Excellence for Aviation Robotics (ECEAR). The purpose of this venture is to expedite the development and integration of robotic solutions in the aviation sector, enhancing safety and efficiency, and fostering the creation of novel products and services tailored for the aviation industry.

In July 2021, the ABB Group, a Swiss-based digital technology company, completed the acquisition of ASTI Mobile Robotics Group (ASTI) for an undisclosed sum. This strategic acquisition extends ABB's existing robotics and machine automation solutions, reinforcing its portfolio to address the evolving needs of flexible automation in the next generation. ASTI Mobile Robotics is a company specializing in robotics, particularly in automation solutions encompassing automated guided vehicles and autonomous mobile robots across various industries, including the aerospace sector.

Major companies operating in the aerospace robotics market include KUKA Aktiengesellschaft, ABB Group, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Apex Automation and Robotics, Nachi-Fujikoshi Corp., Staubli International AG, Omron Adept Technologies Inc., Mitsubishi Electric Corporation, JH Robotics Inc., M Torres Olvega Industrial S.A., Comau S.p.A., MTM Robotics LLC, Honeybee Robotics Ltd., Oliver Crispin Robotics Ltd., Gudel Group AG, Electroimpact Inc., Astrobotic Technology Inc., Maxar Technologies Inc., Motiv Space Systems Inc., Northrop Grumman Corporation, Altius Space Machines Inc., Made In Space Inc., Aethon Inc., Blue River Technology Inc., subsidiary of Hyundai Motor Group, Clearpath Robotics Inc., Fetch Robotics Inc., GreyOrange Pte. Ltd.

North America was the largest region in the aerospace robotics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace robotics market share during the forecast period. The regions covered in the aerospace robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the aerospace robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The aerospace robotics market consists of sales of robots to aid in aerospace operations such as manufacturing, and inspection. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.