The Aerospace Robotics Global Market Report 2023, provides comprehensive information on the aerospace robotics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aerospace Robotics Global Market Report 2023, the global aerospace robotics market size grew from $3.38 billion in 2022 to $3.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace robotics market size is expected to grow to $5.54 billion in 2027 at a CAGR of 10.7%.
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The aerospace robotics market is segmented:
1) By Type: Articulated, Cartesian, Other Types
2) By Application: Drilling, Welding, Painting, Inspection, Other Applications
3) By Technology: Conventional, Collaborative
4) By Component: Controller, Sensors, Drive, Arm Processor, End Effector
5) By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
North America was the largest region in the aerospace robotics market in 2022.
