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Global Aerospace Robotics Market to Reach US$ 5.45 Billion by 2027, Bolstered by Increasing Demand for Collaborative Robots

Published on Aug 09, 2022

According to the latest report by IMARC Group, titled “Aerospace Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global aerospace robotics market reached a value of US$ 2.82 Billion in 2021. Aerospace robotics are advanced programmable machines designed to perform multiple predefined operations, such as manufacturing and maintaining essential aircraft components. They are usually controlled through spherical, parallel, cylindrical, cartesian, and selective compliance articulated robot arm (SCARA) solutions. These technologies deal with drilling holes in engines, welding, inspection, painting of airframes, and producing various exterior and interior aircraft parts. As compared to conventional manual systems, aerospace robotics offer higher precision and flexibility and can undertake and execute repetitive tasks while ensuring consistent high-speed production. Along with this, they are reliable and aid in reducing labor costs, performing non-destructive ultrasonic metrology inspections, increasing worker safety, and detecting the integrity of aircraft skins.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Aerospace Robotics Market Trends:

The substantial expansion in the aerospace and aviation sectors is creating a positive outlook for the market. Aerospace robotics are employed to execute various tasks, such as performing labor-intensive inspections, sealing and dispensing processes, and producing aircraft parts. They are also In line with this, the shifting inclination of aircraft manufacturers toward automation and robotics due to the lack of a skilled workforce and the multiple benefits offered by the product is acting as another growth-inducing factor. Moreover, aerospace robotics help optimize the production of narrow-body aircraft with ultra-lightweight and small-sized components to maximize structural stability and minimize mass, which is contributing to the market growth. Additionally, the large-scale integration of three-dimensional (3D) vision technology, the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) to enable autonomous machining, decision-making, and predicting maintenance failures and cycles is positively stimulating the market growth. Furthermore, the rising health concerns and the outbreak of the COVID-19 pandemic have prompted manufacturers to design and extensively utilize robotic technology to clean and sanitize aircraft interiors, which is impelling market growth. Other factors, including the rapid upgradation of cyber-physical systems (CPS) and strategic collaborations amongst key players to streamline inventory management operations with the support of aerospace robotics, are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 5.45 Billion by 2027, growing at a CAGR of 11.82% during 2022-2027.

Market Summary:

  • On the basis of the type, the market has been segregated into articulated, cartesian, SCARA, parallel, and others.
  • Based on the component, the market has been categorized into controller, arm processor, end effector, camera and sensors, and others.
  • On the basis of technology, the market has been bifurcated into traditional and collaborative.
  • Based on the application, the market has been classified into drilling, welding, painting, inspection, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being 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.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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