Global Aerospace Robotics Market Report, published by Variant Market Research, forecast that the global aerospace robotics market size is expected to reach $7.3 Billion by 2025. In this report, the global aerospace robotics market forecast says that the market is growing at a CAGR of 16.9% from 2017 to 2025. By geography, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. The aerospace robots are used in both the construction of aircraft engines as well as performing tasks such as drilling and painting airframes. In addition, they are used in variety of applications throughout the manufacturing of aircraft components including material handling, drilling, cutting, fabrication of engines, and assembly automation welding. Robots play a dynamic role in the aerospace industry, with a wide variety of tasks such as construction, painting and drilling airframes, inspection, and welding, among others. High-precision robots are rapidly gaining acceptance for their ability to perform repetitive tasks, sensitive, including riveting, bolting, and welding exterior and interior sections of aircraft, and general assembly processes.
Aerospace Robotics Market (By Type: SCARA, Articulated, Cartesian, Cylindrical, and Other Types; By Component: Arm Processor, Controller, End Effector, Drive, and Sensors; By Technology: Collaborative, and Traditional; By Application: Inspection, Drilling & Fastening, Painting & Coating, Welding, and Other Applications; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
The global aerospace robotics market is mainly driven by growing usage of robots for effective aircraft production procedures
Growing usage of robots for effective aircraft production procedures, and rising use of robotics to operate aircraft orders buildup are the major aerospace robotics market trend. In addition, increasing labor charge worldwide has also stimulated the aerospace robotics market growth. However, high installation price of robotic devices is hampering the growth of the market. Moreover, human-robot collaboration, and increase in IoT trends in aircraft manufacturing industries are expected to generate numerous growth opportunities for the market in the forecast timeframe.
Type, component, technology, application, and geography are the segments of the aerospace robotics market. Type segment includes Cartesian, SCARA, articulated, cylindrical, and other types. Component segment is categorized into painting & coating, controller, end effector, arm processor, drive, and sensors. Technology segment is segmented into collaborative and traditional. Moreover, application segment is bifurcated into drilling & fastening, inspection, welding, and others.
Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Germany, France, UK, and Rest of Europe), Asia-Pacific (India, Japan, China, South Korea, and Rest of Asia-Pacific) and RoW (South America, Middle East, and Africa) are the key geographical regions included in this market.
Articulated, by type is expected to witness the fastest CAGR over the forecast period
Articulated segment in projected to grow at fastest CAGR during the forecast period, due to the usage of articulated robots for various functions such as fastening, drilling, and painting, among others. Moreover, they are the most favored and extensively used robots in the aerospace engineering because of the wide series of applications for which they can be used.
Sensors, by component is likely to attain the highest CAGR between 2017 and 2025
On the basis of component segment, sensors sub-segment is expected to reach the fastest CAGR over the forecast period. The high growth in the segment can be credited to the rising use of robotic sensors to deliver essential inputs about an object’s location, motion, temperature, and velocity among others.
Collaborative within the technology segment is anticipated to gain the fastest CAGR over the forecast timeframe
Collaborative sub-segment is anticipated to gain the fastest CAGR in the technology segment, owing to the growing demand for human-safety while working together with robots, in the aerospace industry. Moreover, traditional sub-segment accounted for the high aerospace robotics market share.
Asia-Pacific is expected to be the fastest growing market during the forecast period
Asia-Pacific is projected to attain the fastest CAGR throughout the forecast period i.e. 2017 – 2025. The high growth is seen increase in the amount of aircraft deliveries in the region. Moreover, region’s key countries such as India, Japan, China and are progressively investing in automation solution for aircraft business.
Key players operating in the market include Kawasaki Heavy Industries, Ltd., OC Robotics, Güdel Group AG, KUKA Aktiengesellschaft, Universal Robots, ABB Group, M.Torres Diseños Industriales SAU, Fanuc Corporation, Electroimpact Inc., and Yaskawa Electric Corporation among others.