Aerospace Robotics Market Overview with Detailed Discussion of Key Vendors 2025
27th
March 2019 - The
Global Aerospace Robotics Market is expected to display higher growth rate over
the next seven years. The market is subject to witness a substantial growth due
to the growing demand for robotics & automation in aerospace industry,
rising adoption of robots for efficient aircraft production, and increasing
implementation of aircraft orders backlog. Additionally, higher labor costs is
expected to augment market demand for aerospace robotics over the forecast
period. Globally, the market is predicted to generate massive revenue over next
seven years, providing numerous opportunities for market players to invest for
research and development in the aerospace robotics market.
Rising adoption of automation and robotics in production of aircraft
carriers has changed overall outlook of the aerospace robotics industry since
the last decades. Additionally, increasing number of initiatives taken by the
regional governments to promote use of automation in manufacturing processes
are likely to boost the sales of aerospace robots. Such initiatives by regional
governments include tax exemptions and tax cut, thus reducing overall of
manufacturing cost and elevating the manufacturing opportunities for industry
players across the globe. These factors are anticipated to drive growth of the
automotive robotics market in upcoming years.
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Articulated robotics is one of the fastest growing segment in market with
highest revenue generation in the recent years. Increasing adoption of the
articulated robot is credited to its numerous advantages such as flexibility
and degree of freedom. Articulated robots are primarily used in application
involving large-scale assembly line of aerospace robots with six axes movement.
Some of the application of articulated robots in production of aircraft
include welding, material handling, dispensing and material separation. These
robots are specifically designed to perform required task in restricted period.
Increasing number of application of automotive robots in industrial
manufacturing processes is key factor responsible for the growth of the market.
Application of these robot changes in accordance with the industry
applications. Increasing adoption of robotics in automotive industry is credited
to rising application of robots in different aspects of the production line due
to their large-scale work envelope.
Early adoption of the aerospace robotics in supply chain operation leads
to minimum production delays. Aerospace industry need to follow specific period
during manufacturing processes coupled with process control at each step in the
production line. Thus, adoption of aerospace robotics has become vital in the
recent years. Such factors are anticipated to spur market demand of aerospace robots
over the coming years.
The market is broadly categorized into four major segments based on the
application type such as drilling & fastening, inspection, welding, and
painting & coating. The drilling & fastening is considered as one of
the fastest growing segment in the aerospace robotics market with substantial
revenue generation in the last few years.
Growing popularity of aerospace robots in the drilling & fastening
segment is attributed to the increase in production activities and higher
efficiency of the aerospace robots. The painting & coating segment has also
witnessed substantial growth due to enhanced performance capability and
cost-effectiveness.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in the implementation of latest technologies in the aerospace
industry, increase in the number of aircraft manufactures in the region, and
existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the
aerospace robotics market with massive growth in forecast period. Countries
such as India, China and Japan are leading the Asia-Pacific market with strong
economic growth in the region, growing domestic manufacturing, and significant
investment by leading industry players considering potential growth
opportunities in the region. The key players in the aerospace robotics market
are KUKA AG, FANUC Co., ABB Group, Yaskawa Electric Co., Electroimpact, Inc.,
Oliver Crispin Robotics Ltd., and Universal Robots A/S.
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