Report Scope & Overview:
Aerospace Robotics Market was valued at USD 4.14 billion in 2022 and is projected to reach USD 10.34 billion by 2030, with a healthy CAGR of 12.1% for the forecast period 2023 to 2030.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Key Market Players
Major manufacturers in this market are based in North America and Europe. Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries, Ltd are among the key manufacturers that secured aerospace robotics contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of robotic capabilities across the world.
KEY MARKET SEGMENT
Drilling & Fastening
Non-destructive testing & Inspection
Welding & soldering
Sealing & dispensing
Assembling & disassembling
up to 16.00 kg
More than 225.00 kg
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 4.14 Billion|
|Market Size by 2030||US$ 10.34 Billion|
|CAGR||CAGR of 12.1% From 2023 to 2030|
|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||Kuka AG, ABB Group, FANUC Corporation, Yaskawa electric corporation, Kawasaki Heavy Industries, Ltd|
|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 3.7 billion in 2021 and is expected to reach USD 6.67 billion by 2028 with a CAGR of 12.1% 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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aerospace Robotics Market, By Solution
8.1 Traditional robots
8.2 Collaborative robots
9. Aerospace Robotics Market, By Component
9.4 End effector
10. Aerospace Robotics Market, By Application
10.1 Drilling & Fastening
10.2 Non-destructive testing & Inspection
10.3 Welding & soldering
10.4 Sealing & dispensing
10.7 Assembling & disassembling
11. Aerospace Robotics Market, 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
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 HITACHI LTD.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AB VOLVO
13.3 CATTERPILLAR INC.
13.4 CNH INDUSTRIAL N.V
13.5 DEERE AND COMPANY
13.6 DOOSAN INFRACOE CO.LTD
13.7 J C BAMFORD EXCAVATORS. LTD.
13.8 KOMATSU LTD.
13.9 Liebherr-international AG
13.10 XCMG GROUP
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Report Scope & Overview: Air Freight Software Market Size was valued at USD 4.16 billion
Report Scope & Overview: Aircraft Docking Systems Market Size was grow at a CAGR o
Report Scope & Overview: Stratospheric UAV Payload Technology Market
The Aviation Engine MRO Market Size was valued at USD 23.2 billion in 2022, expected to reach USD 34.5 billion by 2030, and grow at a CAGR of 5.1% over the forecast period 2023-2030.
Report Scope & Ovrview: Aircraft Seals Market Size was valued at USD 2.21 billion in 2022 and
The Flight Data Monitoring Market Size was valued at USD 5.36 billion in 2022, expected to reach USD 10.62 billion by 2030, and grow at a CAGR of 7.59% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone