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Aerospace Robotics Market Trends

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

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Aerospace Robotics Market Trends

New developments in aerospace robotics, like collaborative robots (cobots), AI-driven systems, and advanced sensors, elevate the capabilities and efficiency of these robots. Cobots assist human workers, AI empowers autonomous decision-making, and advanced sensors refine navigation and object detection. These innovations enhance aerospace robotics by bolstering safety, boosting accuracy, and expediting tasks in intricate aerospace settings.

The growing usage of UAVs in military, commercial, and civil contexts is spurring the development of specialized robotics for manufacturing, operating, and maintaining drones. These robotics systems are customized to streamline production processes, boost operational efficiency, and facilitate the upkeep of UAV fleets. The increasing demand for these tailored robotics solutions is fueled by the expanding reliance on drones across diverse sectors and applications.

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.