What is Aerospace Robots Market?
In the aerospace industry, aircraft are typically in use for decades, but the technology used to create them develops at a rapid pace. The requirement for efficient operations and ever-increasing productivity places a great deal of responsibility on robotic automation to constantly deliver a competitive advantage. Robotic technology in the aerospace industry has developed quickly, and today’s aerospace robots are providing entirely new levels of productivity. As the aerospace industry continues to strive for higher levels of productivity, robotic technology will also continue to be a source of innovation.
The market study is being classified by Type (Articulated, Cartesian and Others), by Application (Material Removal, Non-Destructive Inspection, Welding, Assembly, Transport and Others) and major geographies with country level break-up.
ABB Ltd. (Switzerland), AV & R (Canada), Electroimpact Inc. (United States), Fanuc Corporation (Japan), JH Robotics, Inc. (United States), KUKA Aktiengesellschaft (Germany), Mitsubishi Electric Corporation (Japan), OC Robotics (United Kingdom), Universal Robots A/S (Denmark) and Yaskawa Electric Corporation (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ascent Aerospace (United States) and Mechatronic Production Systems Ltd (United Kingdom).
Leading key players of aerospace robots are focusing on strategic partnerships and new product launch to improve their products and services along with focusing on increasing their client base to strengthen market position. Research Analyst at AMA predicts that Japanese Manufacturers will contribute to the maximum growth of Global Aerospace Robots market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aerospace Robots market by Type, Application and Region.
On the basis of geography, the market of Aerospace Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Use of Robotics to Handle Aircraft Order Backlog
- Increasing Labor Cost in Aerospace
Market Trend
- Growing Need for Automation for Efficient Aircraft Production
Restraints
- Lack of Skilled Labor Force
Opportunities
- Technological Advancements in Aerospace Industry
Challenges
- High Initial Cost of Aerospace Robots
Key Target Audience
Manufacturers of Aerospace Robots, Suppliers of Raw Materials, Distributors of Aerospace Robots, Aerospace Industry, Governmental Bodies and Research Firms