"We Envision Growth Strategies Most Suited
to Your Business"
The global aerospace robotics market size is projected to reach USD 7.78 Billion by 2027. The rising usage of smart artificial-intelligence (AI)-based solutions by numerous prominent companies, such as Airbus SAS is set to affect the market positively in the near future. Fortune Business Insights™ presents this information in its latest report, titled, “Aerospace Robotics Market Size, Share & COVID-19 Impact Analysis, By Application (Material Handling, Surface Treatment, Composites Applications, Assembly, and Others), By Robot Type (Articulated, Linear, Parallel, SCARA, and Others), By Technology (Conventional, Collaborative), By Solution (Hardware, Software, and Services), By Payload (Small - Medium Payloads Robots, and Others), and Regional Forecasts, 2020-2027.” The report further states that the market size stood at USD 2.66 Billion in 2019. However, it is set to exhibit a CAGR of 20.49% during the forecast period between 2020 to 2027.
Airbus SAS Purchases MTM Robotics to Enable a Closer Collaboration
In December 2019, Airbus SAS, a European multinational aerospace corporation bought MTM Robotics, a reputed industrial automation company based in the U.S. Airbus already used MTM’s light automated robotics systems. But, this new purchase would help both companies to enable a closer collaboration.
To get a detailed report summary and research scope of this market, click here:
Introduction to Collaborative Robots will Accelerate Growth
The emergence of collaborative robots across the globe is one of the major drivers for the aerospace robotics market growth. They are simple to integrate with other machines, easy to program, and are safe. Besides, the high demand for aircraft components is expected to augment the suppliers to deploy collaborative aerospace robotics in their manufacturing units. The main reason behind this is the requirement of less turnaround time and the need of high quality products.
However, the small and medium-sized enterprises (SMEs) use robots for welding, assembly, and packaging applications. But, a change in product specification may result in a major transformation in the setting of operations. This may hinder the growth of this market.
Partnerships & Collaborations- Vital Strategies of Key Companies
The market houses a wide range of small, medium, and large companies that are frequently striving to intensify competition by engaging in the strategy of partnerships & collaborations. Also, some of the other aerospace robotics manufacturers are aiming to launch new programs to encourage people to use these robots.
Fortune Business Insights™ lists out the names of all the manufacturers present in the global market. They are as follows:
A Notable Industry Development-
Further Report Findings-
The global market for aerospace is segmented into:
Value (USD Billion)
By Robot Type