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Aerospace Robotics Market to Exhibit 20.49% CAGR till 2027; Demand for Less Turnaround Time to Bolster Growth

August 25, 2020 | Aerospace & Defense

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:


https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324


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:



  • ABB Group (Switzerland)

  • Electroimpact Inc. (The U.S.)

  • Fanuc Corporation (Japan)

  • Gudel AG (Switzerland)

  • Kawasaki Robotics (The U.S.)

  • KUKA AG (Germany)

  • Oliver Crispin Robotics Ltd. (The U.K)

  • TAL Manufacturing Solutions Limited India (India)

  • Universal Robotics A/S (Denmark)

  • Yaskawa Electric Corporation (Japan)


A Notable Industry Development-



  • April 2017: KUKA AG joined hands with SAP SE for integrating the SAP cloud platform & software with KUKA robots. This new collaboration is expected to assist the reputed aerospace organizations in using KUKA robots for evaluating predictive maintenance in their respective facilities. They will work together for Industrial Internet of Things (IIoT) and Industrial 4.0 to facilitate the automation and flexibility of production.


Further Report Findings-



  • North America held USD 1.01 billion in 2019 in terms of revenue. This growth is attributable to the rising investments by the government authorities in developing aerospace robotics solutions infused with advanced technologies.

  • Europe is anticipated to retain its second position in the coming years because of the increasing adoption of Internet of Things (IoT)-enabled aerospace robotics in this region.

  • Based on solution, the hardware segment generated 57.33% in terms of market share in 2019. It is set to grow rapidly in the near future on account of the high demand for controllers, sensors, and arm processors to develop new robots.


The global market for aerospace is segmented into:

















































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Application



  • Material Handling

  • Surface Treatment

  • Composites Applications

  • Assembly

  • Others



By Robot Type



  • Articulated Robots Market

  • Linear/Cartesian Robots

  • Parallel Robots

  • Selective Compliance Assembly Robot Arm (SCARA) Robots

  • Others



By Technology



  • Conventional Technology

  • Collaborative Technology



By Solution



  • Hardware

    • Controller

    • Arm Processor

    • Sensors

    • Drive

    • Others



  • Software

    • Application Based Software

    • System Based Software

    • Cloud-Based Software

    • Planning, Service, Safety, Project Engineering  Software



  • Services



By Payload



  • Small - Medium Payloads Robots (2kg to 100 kg)

  • Large Payloads Robots (100kg to 200kg)

  • Extra Large Payloads Robots (200 Kg to 1,500kg)



By Geography



  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, and Rest of Asia- Pacific)

  • The Middle East and Africa (The UAE, Saudi Arabia and the Rest of the Middle East and Africa)

  • South America (Brazil, Rest of South America)


Global Aerospace Robotics Market
  • PDF
  • 2019
  • 2016-2018
  • 150

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