The Aerospace Robotics Market was valued at USD 3.72 billion in 2023 and is projected to reach USD 8.90 billion by 2031, with a growing CAGR of 11.5% for the forecast period 2024 to 2031.
Robotic technology used to manufacture aircraft in the aerospace industry is Aerospace robotics. various tasks are utilized by Aerospace robots, including engine drilling holes, manufacturing, welding metal parts, and painting airframes. Various positive aspects of aerospace robotics technology, including high precision, flexible automation, capacity to conduct repeatable operations, and high-speed production are critical in aircraft manufacturing.
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KEY DRIVERS
Global aircraft manufacturing is expected to grow as demand for new aircraft.
Airbus plans to raise manufacturing of its A320 aircraft family to 45 per month by the end of 2021.
It has instructed its suppliers to plan for output to increase to 65 tonnes per month by the second quarter of 2024 and 71 tonnes per month by 2026.
Military aircraft production is also increasing as the United States, China, India, Russia, and the United Kingdom boost their military spending.
RESTRAINTS
A significant amount of capital is required.
SMEs employ robots for a variety of tasks such as packing, welding, assembling, and so on.
The additional cost in the tabor.
OPPORTUNITIES
Robots are replacing traditional manufacturing methods to do jobs that need skills and accuracy that humans cannot attain.
The incorporation of robots into human labor has enhanced productivity and efficiency.
The use of robots in aircraft production represents a significant growth potential for the aerospace robotics business, allowing it to explore the various capabilities of humans and robots.
CHALLENGES
The use of robots in manufacturing processes has a significant initial cost.
The purchase of advanced robotics and software necessitates a large sum of money.
Implementing new industrial robots for a given application, comprising robots, controllers, software, and other systems, can cost between $150,000 and $120,000 USD.
due to the high initial cost, fully automated operations remain a hurdle.
THE IMPACT OF COVID-19
Components and raw materials needed to create aeronautical robots were not readily accessible. Due to travel restrictions and labor scarcity, the supply chain is facing transportation-related delays. Production/assembly lines are also operating at reduced capacity or are totally shut down.
Long-term market drivers for aerospace robots remain robust, and the market has begun to show indications of recovery from the big market price reset prior to the pandemic. The COVID-19 epidemic has ravaged the planet, leaving many sectors struggling to survive. Governments and corporations interested in robots are responding to the new scenario in different ways. Some product releases are proceeding, while others are not; some testing is ongoing, while others are postponed; some businesses remain open, while others have closed.
The COVID-19 epidemic has caused supply chain and logistical difficulties throughout North America. According to a poll conducted by the National Association of Manufacturers (NAM) in March 2020, 80% of manufacturers anticipate a financial effect of the pandemic. Some significant enterprises in the region have shuttered their doors and are considering layoffs. The manufacturing industry, which employs 13 million people in the United States, is also projected to be damaged by the pandemic, mostly for two reasons: first, many manufacturing jobs are onsite, removing the possibility of working remotely. Second, slowing economic activity has lowered demand for industrial items in the United States and throughout the world.
Impact of Ukraine and Russia Crisis:
This market's growth may be linked to an increase in marine trade, advancements in the offshore energy industry, and fisheries. As a result of overfishing, the commercial sonar sector in fisheries is expanding rapidly to find fish breeding ocean environments. The hydrographic sonar sector is expanding as a result of increased oil and gas exploration and dredging activities. New ship orders and upgrades boost the military sonar industry.
Ships such as destroyers and frigates are equipped with sonar-mounted towers. The submarine ports included are intercept array, cylindrical array, flank array, and sonar drag system. Mining hunting vessels are equipped with advanced systems, such as the Synthetic Aperture Sonar (SAS) and others. The increase in threats to harbors from unknown divers has led to an increase in the use of sonars that find variety to detect and detect threats in surrounding waters.
Market Segmentation
By Application Analysis
Rising Demand for Aircraft Frame and Engine Component Manufacturing to Drive Composites Application Segment The aerospace robotics industry is divided into several applications, including material handling, surface treatment, composites applications, assembly, and others. The company's application sector is predicted to develop at a faster CAGR in the next years, owing to an increase in demand for computation-based components in the aerospace industry, such as sophisticated engine turbine blades and aircraft frame construction.
By Robot Type
The market is divided into robot types such as selected compliance assembly robot arm (SCARA) robots, Inear/Cartesianrobocs articulated Roten parallel robots and others. The linear robot category is expected to have the biggest space robotics market share in 2019 because of its widespread use in assembly, painting, machining, and packing applications. The SCARA robot section is predicted to be the fastest expanding segment over the next several years because of its superior technology for performing various activities in the manufacturing industry efficiently.
By Technology
The fastest-growing technology segment is collaborative technology. Thrilled by Their Various Advantages According to techesingy, the market for aerospace robotics is divided into two segments: conventional technology and collaborative technology. In 2019, the conventional technology sector is expected to be the bigger section of the market. The collaborative technology segment is expected to grow rapidly during the forecast period due to the benefits of collaborative technologies such as lightweight flexibility, reliability, and the machine's ability to optimise low weight collaborative operational processes such as placing picking testing and measuring.
By Solution
The market can be segmented into hardware, software, and services based on the solution. In 2019, the hardware sector had the biggest market share. Because of the increasing need for controllers, arm processors, sensors, and drives for technologically improved robots. Because of technical advancements in planning safety and project engineering software, the aerospace robotics software market is expected to be the fastest expanding segment over the projected period. Repair and maintenance of robots are classified in the services section.
By Payload
The Small-Medium Payload Robots Market Will Dominate
The market is divided into three categories based on payload: small-medium payload robots (2 kg to 100 kg), large payload robots (100 kg to 200 kg), and extra-large payload robots (200 kg to 1500 kg).
the biggest market share in 2019 is held by Small medium payloads robots and is predicted to be the fastest-growing segment throughout the forecast period.
A rise in demand for these robots for the assembly of aviation systems and components would boost the expansion of this market. Furthermore, small and medium-sized organizations (SMEs) choose rob rust for lifting weights ranging from 2 kg to 100 kg in a variety of manufacturing applications.
By Solution
Traditional robots
By Component
Controller
Sensor
Drive
End effector
By Application
Drilling & Fastening
Non-destructive testing & Inspection
Welding & soldering
Sealing & dispensing
Processing
Handling
Assembling & disassembling
By Payload
up to 16.00 kg
16.01–60.00 kg
60.01–225.00 kg
More than 225.00 kg
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REGIONAL ANALYSIS
In the Asia Pacific region, China, Japan, and India are likely to boost robotic system purchases and invest in aerospace manufacturing R&D. Furthermore, these nations are investing in automated solutions in order to increase their production capacity and develop the manufacturing process. Companies in China and India are importing Western robotic technologies to improve the productivity of their operations. Many aerospace robotics manufacturers, however, are headquartered in the Asia Pacific area. Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd, and FANUC Corporation are among the leading producers. Furthermore, China is a developing country in the sector of commercial aircraft manufacture, with the state-owned Commercial Aircraft Corporation of China.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players are Fanuc Corporation, AV&R, Universal Robots A/S, Yaskawa Electric Corporation, OC Robotics, Electroimpact Inc., ABB, Mitsubishi Electric Corporation, KUKA AG, JH Robotics and Other Players
Yaskawa electric corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.72 Billion |
| Market Size by 2031 | US$ 8.90 Billion |
| CAGR | CAGR of 11.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution (Traditional robots, Collaborative robots) • By Component (Controller, Sensor, Drive, End effector) • By Application (Drilling & Fastening, Non-destructive testing & Inspection, Welding & soldering, Sealing & dispensing, Processing, Handling, Assembling & disassembling) • By Payload (up to 16.00 kg, 16.01–60.00 kg, 60.01–225.00 kg, More than 225.00 kg) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Fanuc Coporation, AV&R, Universal Robots A/S, Yaskawa Electric Coporation, OC Robotics, Electroimpact Inc., ABB, Mitsubishi Electric Coporation, KUKA AG, JH Robotics |
| Key Drivers | • Global aircraft manufacturing is expected to grow as demand for new aircraft. |
| RESTRAINTS | • A significant amount of capital is required. |
According to SNS insiders, the Aerospace Robotics Market size was USD 3.72 billion in 2023 and is expected to reach USD 8.90 billion by 2031 with a CAGR of 11.5% over the forecasted period.
Robots are replacing traditional manufacturing methods and Robots enhanced productivity and efficiency.
Increasing suppliers and Increasing Military Aircraft production and lRaising Airbus manufacturing.
North America, Asia-Pacific, The Middle East & Africa, Latin America,Europe are the major five region covered in this report.
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aerospace Robotics Market Segmentation, By Solution
8.1 Traditional robots
8.2 Collaborative robots
9. Aerospace Robotics Market Segmentation, By Component
9.1 Controller
9.2 Sensor
9.3 Drive
9.4 End effector
10. Aerospace Robotics Market Segmentation, By Application
10.1 Drilling & Fastening
10.2 Non-destructive Testing & Inspection
10.3 Welding & Soldering
10.4 Sealing & dispensing
10.5 Processing
10.6 Handling
10.7 Assembling & disassembling
11. Aerospace Robotics Market Segmentation, By Payload
11.1 up to 16.00 kg
11.2 16.01–60.00 kg
11.3 60.01–225.00 kg
11.4 More than 225.00 kg
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Fanuc Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AV&R
13.3 Universal Robots A/S
13.4 Yaskawa Electric Corporation
13.5 OC Robotics
13.6 Electroimpact Inc.
13.7 ABB
13.8 Mitsubishi Electric Corporation
13.9 KUKA AG
13.10 JH Robotics
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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