Categories: Market Research

Aerospace Robotics Market Report 2024 – Aerospace Robotics Market In-Depth Analysis And Growth

The aerospace robotics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Aerospace Robotics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The aerospace robotics market size has grown rapidly in recent years. It will grow from $4.07 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to global economic growth, increase in commercial air traffic, rise in automation, rise in demand for product customization, labor shortages.

The aerospace robotics market size is expected to see rapid growth in the next few years. It will grow to $7.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to increasing use of unmanned aerial vehicles (uavs), growing demand for space exploration, increasing investments in research and development, shorter production cycles, . Major trends in the forecast period include integration of ai and machine learning, swarm robotics, human-robot collaboration, exoskeletons and wearable robotics, collaborations and partnerships.

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Scope Of Aerospace Robotics Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Aerospace Robotics Market Overview

Market Drivers –

The increase in commercial air traffic is expected to drive the aerospace robotics market during the forecast period. Aerospace robotics offer high precision and performance in the construction of aircraft engines, drilling and painting airframes, precise fiber cutting and placement. The growing middle-class population and the emergence of low-cost airlines offering competitive prices in developing economies is expected to contribute to airline activity, thus increasing demand for aircrafts during the period. For instance, according to Boeing’s 2020-2039 commercial market outlook, India’s domestic air passenger market is expected to double its size by 2030, from the pre-pandemic levels, creating demand for an additional 2,200 new commercial aircrafts in the next 20 years in India, thus driving the growth of the aerospace robotics market during the period.

The aerospace robotics market covered in this report is segmented –

1) By Type: Articulated, Cartesian, Other Types
2) By Technology: Conventional, Collaborative
3) By Component: Controller, Sensors, Drive, Arm Processor, End Effector
4) By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots
5) By Application: Drilling, Welding, Painting, Inspection, Other Applications

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Regional Insights –
North America was the largest region in the aerospace robotics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace robotics market share during the forecast period. The regions covered in the aerospace robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
Major companies operating in the aerospace robotics market include KUKA Aktiengesellschaft, ABB Group, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Apex Automation and Robotics, Nachi-Fujikoshi Corp., Stäubli International AG, Omron Adept Technologies Inc., Mitsubishi Electric Corporation, JH Robotics Inc., M Torres Olvega Industrial S.A., Comau S.p.A., MTM Robotics LLC, Honeybee Robotics Ltd., Oliver Crispin Robotics Ltd., Güdel Group AG, Electroimpact Inc., Astrobotic Technology Inc., Maxar Technologies Inc., Motiv Space Systems Inc., Northrop Grumman Corporation, Altius Space Machines Inc., Made In Space Inc., Aethon Inc., Blue River Technology Inc., subsidiary of Hyundai Motor Group, Clearpath Robotics Inc., Fetch Robotics Inc., GreyOrange Pte. Ltd.

Table of Contents

1. Executive Summary

2. Aerospace Robotics Market Characteristics

3. Aerospace Robotics Market Trends And Strategies

4. Aerospace Robotics Market – Macro Economic Scenario

5. Global Aerospace Robotics Market Size and Growth

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32. Global Aerospace Robotics Market Competitive Benchmarking

33. Global Aerospace Robotics Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Aerospace Robotics Market

35. Aerospace Robotics Market Future Outlook and Potential Analysis

36. Appendix