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Aerospace Robotics Market Analysis

  • Report ID: GMI9518
  • Published Date: May 2024
  • Report Format: PDF

Aerospace Robotics Market Analysis

Based on solution, the market is segmented into hardware, software, and service. The hardware segment is expected to reach over USD 3.5 billion by 2032.

  • The escalating need for robust and high-performing robotics solutions in the aerospace industry stems from the imperative to streamline manufacturing, assembly, and maintenance processes. These solutions offer enhanced precision, efficiency, and reliability, addressing the industry's stringent demands for quality and productivity. As aerospace operations become more complex and demanding, the demand for advanced robotics technologies continues to rise to meet these evolving requirements.
  • The aerospace industry is increasingly turning to hardware-based automation to drive cost efficiencies. By employing advanced robotics solutions, companies can streamline manufacturing processes, reduce manual labor costs, and enhance overall operational efficiency. This adoption of hardware automation not only improves productivity but also contributes to cost-effective aerospace operations, meeting the demands of a competitive market landscape.
Aerospace Robotics Market Share, By Technology, 2023

Based on technology, the market is segmented into traditional and collaborative. The traditional segment is expected to register a CAGR of over 15% during the forecast period.

  • The established infrastructure and expertise surrounding traditional technologies facilitate their swift deployment and scalability. With existing systems in place, integration is smoother, reducing implementation time and costs. Moreover, the abundance of experienced professionals familiar with these technologies ensures efficient operation and maintenance, contributing to their rapid adoption and growth in the market.
  • Traditional technologies' compatibility with existing systems and standards streamlines integration, reducing implementation complexities and costs. This appeal accelerates market expansion by facilitating seamless adoption among users and industries, leveraging established infrastructures and workflows. As a result, traditional technologies experience rapid growth, driven by their ability to seamlessly fit into existing frameworks and meet industry standards and expectations.
U.S. Aerospace Robotics Market Size, 2022-2032, (USD Million)

North America dominated the global aerospace robotics market in 2023 with over 35% of the total revenue share. The region boasts a robust aerospace industry with leading manufacturers and technology providers. Extensive investments in research and development drive innovation, resulting in advanced robotics solutions. Moreover, favorable government policies and initiatives support the adoption of automation in aerospace manufacturing. Additionally, a skilled workforce and strong infrastructure further enhance North America's competitive edge in this market. These factors combined contribute to the region's large market share and leadership position in the aerospace robotics landscape.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for aerospace robotics was valued at USD 2.7 billion in 2023 and will grow over 13% CAGR between 2024 and 2032, driven by an emphasis on cost reduction and efficiency improvements.

The traditional technology segment in the aerospace robotics market will register over 15% CAGR during 2024-2032, as it reduces implementation complexities and costs.

North America market held over 35% revenue share in 2023 and will expand rapidly through 2032, owing to the presence leading manufacturers and technology providers.

ABB, Electroimpact Inc., Fanuc Corporation, JH Robotics, Inc., Mitsubishi Electric Corp., Universal Robots A/S, and Yaskawa Electric Corp. among others.

Aerospace Robotics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 314
  • Countries covered: 19
  • Pages: 200
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