Aerospace Robotics Market Scope
The aerospace industry is responsible for some of the greatest technical inventions in human history. The role of robotics in manufacturing of aerospace products is very significant. Robotics plays an important function in aerospace industry like fabrication of aircraft engines, drilling & fastening, sealing & dispensing and others. Aerospace industry is increasingly investing in robots to perform drilling, painting and other tasks on airframes. Robot’s ability to repeatedly position very large aerospace components with a high degree of precision makes sure that the aerospace robotics has potential market growth
The market of aerospace robotics is expected to grow with rising aviation infrastructure across the globe. Several companies are operating in the market hence the market highly fragmented. They are gaining attention with their advanced services of robotics. They are taking certain strategic initiatives to expand their existing portfolio. Research Analyst at AMA estimates that United States and Japanese Manufacturers will contribute to the maximum growth of Global Aerospace Robotics market throughout the predicted period.
Kuka AG (Germany), ABB Group (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), Oliver Crispin Robotics Limited (United Kingdom), Gudel AG (Switzerland), Electroimpact Inc. (United States), Universal Robots A/S (Denmark) and AV&R Vision & Robotics Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are JH Robotics, Inc. (United States) and Pratt & Whitney (United States).
Segmentation Overview
The study have segmented the market of Global Aerospace Robotics market by Type (Articulated, Cartesian and Others), by Application (Drilling, Welding, Painting, Inspection and Others) and Region with country level break-up. On the basis of Type, Articulated are dominating the market in the year 2022 where as Cartesian stood as second largest market share.
On the basis of application, Drilling segment is dominating the market in the year 2022 where as Welding segment stood as second largest market.
On the basis of geography, the market of Aerospace Robotics 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). North America region held largest market share in the year 2022. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Increasing demand for collaborative robots and Recent technological advancements in aerospace robotics
Market Growth Drivers:
Increase in use of robots for efficient aircraft production and Rising use of robotics to handle aircraft orders backlog
Challenges:
High initial investment of implanting robotics
Restraints:
Lack of skilled operators
Opportunities:
Human-robot collaboration in aerospace industry
Market Leaders and their Expansionary Development Strategies
In May 2021, FANUC America, a leading supplier of CNC, robotics, and ROBOMACHINEs, expands its high-performance SCARA ROBOTS line, providing more reach and payload options to companies with assembly, packaging, pick-and-place and inspection processes. provide.
In June 2023, Leonardo and Kawasaki Heavy Industries sign a contract for additional MCH-101 helicopters and begin a heavy-duty update program of the type in Japan. The utility-carrying -101 used to support Japan's Antarctic research efforts ensures commonality within the fleet.
Key Target Audience
Manufacturers of aerospace robotics, Suppliers of aerospace robotics parts, Wholesalers, distributers and retailers of aerospace robotics, Aerospace industry, Governmental bodies and Research firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.