Aerospace Robotics Market Research Report—Global Forecast till 2030

Aerospace Robotics Market: Information By Type (Traditional Robots[Articulated, Parallel, Linear/Cartesian, Scara, and Others], and Collaborative Robots), By Component (Controller, Sensor, Drive, and End Effector(Welding Guns, Grippers, Robotic Screwdrivers, Sanding & Deburring Tool, Specialty & Hybrid End Effectors, and others)),By Payload (up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, and more than 225.00 kg), By Application (Drilling & Fastening, Non-Destructive Testing & Inspection, Welding & Soldering, Sealing & Dispensing, Handling

ID: MRFR/A&D/9462-CR | September 2022 | Region: Global | 100 Pages         

Aerospace Robotics Market

The Aerospace Robotics Market was valued at USD 3,158.6 Million in 2021 and is estimated to register a CAGR of 11.7% by 2022-2030.

Segmentation

By Type Traditional Robots Articulated Parallel Linear/Cartesian Scara and Others
By Component Controller Sensor Drive and End Effector
By Application Drilling & Fastening Non-Destructive Testing Inspection Welding Soldering Sealing Dispensing Handling Assembling & Disassembling and others

Key Players

  • Kuka AG
  • ABB Group
  • FANUC Corporation
  • Yaskawa electric corporation
  • Kawasaki Heavy Industries Ltd
  • Mtorres
  • Oliver Crispin Robotics Limited
  • Gudel AG
  • Electroimpact Inc.
  • Universal Robots A/S
  • STÄUBLI
  • COMAU
  • FESTO
  • and Boston Dynamics.

Drivers

  • Increase In Global Aircraft Demand And Manufacturing Increasing Use Of Robots For Efficient Aircraft Production Processes
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Aerospace Robotics Market Overview:


The Aerospace Robotics Market was valued at USD 3,158.6 Million in 2021 and is estimated to register a CAGR of 11.7% during the forecast period 2022-2030.


Aerospace robotics is a robotic technology used to manufacture aircraft in aerospace industry. Aerospace robots are utilized for various tasks, including engine drilling holes, manufacturing, welding metal parts, and painting airframes.


 


COVID-19 Impact vs  Opportunities for Global Aerospace Robotics Market:


COVID-19 created a major impact on the aerospace robotics market. Almost every country has opted for the lockdown option for manufacturing facilities. To prevent the spread of Covid-19, the government has taken strict actions such as the shutdown of production, blocking international trade, and many more. The companies such as chemicals and pharmaceuticals are allowed operations with certain safety rules. Covid-19 has severely affected the semiconductor manufacturing industry and disrupted the global supply chain. Moreover, the strict regulations put by the government ensuring social distancing and limited workforce in manufacturing hubs at a particular time drastically impacted the production capacity of the semiconductor industry. In manufacturing, some of the tasks that humans can better perform, and other task can perform better by robots. The introduction of robots in aircraft manufacturing is a key opportunity for the aerospace robotics market. Furthermore, the human robot collaboration increases productivity and enhances safety in the aerospace industry.


Market Dynamics:



  • Drivers:


Increasing demand for aerospace robotics from aircraft manufacturers to accomplish the production target within the period drives the growth of the global market. The increasing demand for robotics in the aerospace industry is expected to drive the growth of the global market over the forecast period. The continuous growth of automation in the aerospace industry is another factor fueling the market growth. Increasing production of military aircraft in the US, India, China, Russia, and the UK is the factor expected to drive the growth of the global aerospace robotics market over the forecast period.



  • Opportunities:


In the aerospace industry, robots replace traditional production processes to perform tasks that require skills that humans can’t achieve. The emergence of collaborative robots is increased due to the collaboration between human-robot collaboration, with robots operating with human employees. The integration of robots with the human workforce has increased efficiency and productivity



  • Restraint:


Rapid development, with growing demand for robots in industrial robotization and the field of aerospace robotics. Aerospace and industrial robotics are growing fast across the globe. The global supply of aerospace robotics has doubled from 159,000 in 2012 to 294,000 in 2016. For complex functioning, highly skilled or technical employees must operate robots. Many companies have difficulty employing skilled operators who possess the necessary technical skills to operate robots is a major factor restraining the adoption of robotics in the aerospace industry.


Value Chain Analysis


The manufacturers in numerous industries are increasing productivity by taking advantage of automation technologies. Robotics is slowly gaining acceptance by the workforce as a critical manufacturing technology for its reliability and is being utilized more extensively in medium and small enterprises.


Segment Overview


The global aerospace robotics market has been segmented on the basis of type, component, payload, application, and region.


The global aerospace robotics market, based on type, market is segmented into traditional robots and collaborative robots. The traditional robots, the market has been sub-segmented into articulated, parallel, linear/cartesian, SCARA and others. The SCARA segment is expected to exhibit the highest CAGR of 11.1% during the forecasted period.


The global market, based on component, is segmented into controller, sensor, drive, end effector and others. Based on end effector sub-segmented into welding guns, grippers, robotic screwdrivers, sanding & deburring tool, specialty & hybrid end effectors and others.


The global aerospace robotics market, based on payload, has been segmented into Up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg and more than 225.00 kg. Among these, the Up to 16.00 kg segment is likely to contribute the largest market share during the review period.


The global market, based on application, is segmented into drilling & fastening, non-destructive testing & inspection, welding & soldering, sealing & dispensing, handling, assembling & disassembling, and others.


The global market, based on region is bifurcated into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.


Regional Analysis


The global aerospace robotics market has been studied across Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Asia-Pacific led the Global Market in 2021, whereas the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. Additionally, the increased global aircraft demand and production and increased usage of robotics in aircraft manufacturing operations are fueling the growth of the North American market. The growing need for increased operational efficiency, enhanced safety, and new technological breakthrough in the aerospace industry is also expected to drive the market in the region.


Europe is among the top market leader in robotics, logistics, and construction manufacturing and production. The aerospace robotics market is growing due to increased demand for automation and safety in businesses and the emergence of low-cost, energy-efficient robots..


Competitive Landscape


The market for Aerospace Robotics has been witnessing a significant growth over the forecast period owing to increase in global aircraft demand & manufacturing and increasing use of robots for efficient aircraft production processes. There exist several local, regional, and global players in the market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the global aerospace robotics market who have contributed to the market growth. These include Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries Ltd, Mtorres, Oliver Crispin Robotics Limited, Gudel AG, Electroimpact Inc., Universal Robots A/S, STÄUBLI, COMAU, FESTO, and BOSTON DYNAMICS.


Recent Developments


Fanuc Corporation aims at increasing its sales with the help of organic and inorganic strategies. The company emphasizes expanding its product portfolio and marketing its services to obtain a competitive advantage. It focuses on acquisitions and mergers to expand its geographic reach and technical expertise. Furthermore, the company also focuses on maintaining a healthy relationship with its channel partners to enhance the accessibility of its product and services to the market.


KUKA AG invests heavily in its research & development to supply innovative products and sustainably compete globally. The company has collaborated with various other technology providers to sustain and expand its market presence. The company is concentrating on expanding its innovative and technological leadership by targeting fast-growing global markets and continuing to work on efficient structures. The company aims to take advantage of regional growth potential, especially in the high-growth countries of Asia and North America.


Report Overview


As per MRFR, the global aerospace robotics market has been growing significantly over the past few years. The global market has been segmented on the basis of type, component, payload, application, and region. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Objective of the Study



  • To provide a detailed analysis of the market structure along with the forecast of the various segments and sub-segments of the global aerospace robotics market for the next five-six years

  • To provide insights about factors affecting the market growth

  • To analyze the global aerospace robotics market based on various tools such as supply chain analysis and Porter’s five force analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

  • To provide a country-level analysis of the market with respect to the current market size and future prospective

  • To provide country-level analysis of the market for segments by type, component, payload, application, and region

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the aerospace robotics market


Scope of the Report


The scope of the global aerospace robotics market study includes the market size analysis and a detailed analysis of the vendor's products and strategies. The market has been segmented based on Type, Component, Payload, Application, and Region.


Intended Audience



  • Semi-Conductor Industry

  • Robotics Industry

  • Aerospace Industry

  • Industry Automation

  • Technology Investors

  • Regulatory Industries

  • Government Bodies



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: Significant Value
  CAGR   11.7% CAGR (2022-2030)
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2018-2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Component, Payload, Application, and Region
  Geographies Covered    North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  Key Vendors   Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries Ltd, Mtorres, Oliver Crispin Robotics Limited, Gudel AG, Electroimpact Inc., Universal Robots A/S, STÄUBLI, COMAU, FESTO, and BOSTON DYNAMICS.
  Key Market Opportunities   Human-robot collaboration
  Key Market Drivers   Increase in global aircraft demand and manufacturing Increasing use of robots for efficient aircraft production processes


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Frequently Asked Questions (FAQ) :

The global aerospace robotics market has been growing rapidly from the past few decades and is expected to grow at a CAGR of 11.7 % during the forecast period.

Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries Ltd, Mtorres, Oliver Crispin Robotics Limited, Gudel AG, Electroimpact Inc., Universal Robots A/S, STÄUBLI, COMAU, FESTO, and BOSTON DYNAMICS are expected to be the major competition in the aerospace robotics market during the projected period.

The Traditional robots segment is expected to drive the market during the forecasted period.

The Asia Pacific region is expected to be the largest market for aerospace robotics market during the forecast period.

Lack of skilled operators slows the growth of the aerospace robotics market during the forecast period.