Aerospace Robotics Market 2024 : Leading Players Envisioned By The Analysts Forecast 2030

The aerospace industry is heavily adopting robots with an objective to lower the human work load. Robots plays a crucial role in the aerospace industry, with a wide variety of tasks such as construction, painting and drilling airframes, welding, and inspection among others. The robots reduces the human work pressure and are more accurate in performing their tasks. The benefits of robots such as flexibility and precision has increased the interest among the aircraft manufacturers to adopt the technologically robust in to their operations.

The sudden increase in labor cost across the globe is increasing the interest among the aircraft manufacturers to adopt robots in their operation to perform the same tasks. The robots help the companies in reducing human labor and increasing the efficiency of the task. This factor is impacting positively on the growth of aerospace robotics market. Moreover, the worldwide aircraft orders are increasing significantly, which requires to maintain aircraft order backlogs. The aircraft manufacturing companies are heavily adopting the robots to handle the aircraft order backlogs. The usage of robots in handling the aircraft orders are also boosting the market for aerospace robots to grow.

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The major restraining factor for the aerospace robotics market is the lack of skilled operators, due to which the procurement of the aerospace robots are limited, which in turn is inhibiting the market to expand in future.

The manufacturers of aerospace robots are constantly focusing on developing robust technologies in order to develop robots which can understand human requirement and act according to the same. The human-robot collaborative task will help the aircraft manufacturing companies to perform the tasks more efficiently and in a reduced time. The ongoing research and development of human-robot collaborative robots are poised to fuel the growth of the market for aerospace robots in the coming years.

The market for aerospace robotics is segmented on basis of various parameters such as type, technology, component, application and geography. The different type of aerospace robots are cylindrical, articulated, SCARA, Cartesian and others. The articulated robots are being heavily adopted by the aircraft manufacturing companies due to benefit of enhanced precision and high flexibility. The technology segment in the aerospace robotics market is bifurcated in to traditional technology and collaborative technology. The traditional technology dominates the market for aerospace robotics while the collaborative robots are gaining interest among the aircraft manufacturers. The various components integrated in a robots applicable for aerospace industry are sensor, camera, controller, drive, arm processor and end effector. The controller segment leads the market in the current scenario and is expected continue its dominance, pertaining to the fact that, the aircraft deliveries are increasing at a considerable rate, which is demanding for robots with latest controllers. The robots are applicable in various areas of the aerospace industry such as construction, drilling and fastening, welding, inspection, sealing and dispensing, and others. Geographically, the market for aerospace robotics is categorized based on five strategic global regions as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Europe is considered to be the largest contributor of market share in the aerospace robotics market in 2016 due to presence of large number of robotics companies focusing on aerospace industry in the region. Asia Pacific is witnessing a steady growth rate due to huge investments in the research and development of robots for aerospace industry and high adoption rate in the region.

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The leading manufacturers of aerospace robotics operating across the globe are Fanuc Corporation (Japan), Kuka AG (Germany), Gudel AG (Switzerland), Universal Robots A/S (Denmark), Kawasaki Heavy Industries Ltd. (Japan), ABB Group (Switzerland), Electroimpact Inc. (U.S), Oliver Crispin Robotics Ltd. (U.K), Yaskawa Electric Corporation (Japan), and JH Robotics, Inc. (U.S) among others.

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