Aerospace Robotics Market to Witness a Handsome Growth during 2021 – 2026

Stratview Research has recently published a report on Aerospace Robotics Market segmented by Size, Share, Trend, Forecast, & Industry Analysis. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Aerospace Robotics’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.

Covid-19 Analysis –

Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Aerospace Robotics market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.

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Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

Based on the type, the market is segmented as articulated, cylindrical, scara, cartesian, and others. The articulated type segment is estimated to register the highest growth during the forecast period. The growth is attributed to the fact that articulated robots are preferred in most aircraft manufacturing processes, owing to their precision and high flexibility.

Based on the component type, the market is segmented as controller, sensors, drive, arm processor, and end effector. The controller segment was the largest component segment in 2018, and is also estimated to remain the largest segment in the coming five years. The unprecedented rise in aircraft deliveries is likely to underpin the market, which will consequently translate into healthy growth of the segment.

Based on the technology type, the market is segmented as traditional and collaborative. The collaborative segment is expected to depict a higher growth during the forecast period, owing to the gradual adoption of collaborative robots by the aerospace industry, marked by their ability to work alongside humans.  

In terms of regions, North America accounted for the largest share of the aerospace robotics market in 2018, and is likely to continue its dominance during the forecast period. The market is driven by the regional presence of major aircraft manufacturers and aircraft part manufacturers along with the growing demand for commercial aircraft, which is compelling aircraft manufacturers to opt for robots and industrial automation to enhance their monthly production. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Market Insights

Aerospace Robotics Market is likely to witness an impressive CAGR of 17.2% during the forecast period. Growing employment of robotics to manage aircraft order backlogs, increasing use of robots for efficient aircraft production, and mounting labor costs are the prime factors bolstering the global aerospace robotics market during the forecast period.

Key Players in the Aerospace Robotics Market

The following are the key players in the Aerospace Robotics market.

ABB Group Electroimpact Inc. Fanuc Corporation Gudel AG Industrial Designs M. Torres Sau Kuka AG Kawasaki Heavy Industries, Ltd. Oliver Crispin Robotics Limited. Universal Robots A/S

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