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The global aerospace robotics market was valued at US$ 2.82 Billion in 2021.
We expect the global aerospace robotics market to exhibit a CAGR of 11.82% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the decline of numerous aviation activities, thereby negatively impacting the global market for aerospace robotics.
The rising integration of aerospace robotics with 3D visualization, IoT, AI, and cloud computing solutions for improving human-robot collaboration and minimizing the turnaround time for the manufacturing processes, is primarily driving the global aerospace robotics market.
Based on the type, the global aerospace robotics market has been divided into articulated, cartesian, SCARA, parallel, and others. Among these, articulated currently exhibits a clear dominance in the market.
Based on the component, the global aerospace robotics market can be categorized into controller, arm processor, end effector, camera and sensors, and others. Currently, controller accounts for the majority of the total market share.
Based on the technology, the global aerospace robotics market has been segregated into traditional and collaborative, where traditional currently holds the largest market share.
Based on the application, the global aerospace robotics market can be bifurcated into drilling, welding, painting, inspection, and others. Currently, drilling exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global aerospace robotics market include ABB Ltd., Electroimpact Inc., FANUC Corporation, General Electric Company, Güdel Group AG, JH Robotics Inc., Kawasaki Heavy Industries Ltd., KUKA AG (Midea Group), Mitsubishi Electric Corporation, Teradyne Inc., and Yaskawa Electric Corporation.
High-throughput Satellite Market by Type (Payload, Structure, Power System, Attitude Control System, Propulsion System), Application (Broadband, Mobility, Enterprise, Government, Cellular Backhaul, Broadcast), and Region 2023-2028
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