Aerospace Robotics Global Market Report 2022

Aerospace Robotics Global Market Report 2022

  • May 2022 •
  • 175 pages •
  • Report ID: 6282409 •
  • Format: PDF
Major players in the aerospace robotics market are Kuka Ag, Abb Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Apex Automation And Robotics, Nachi-Fujikoshi Corp., Stäubli, Omron Adept Technology, Inc., Mitsubishi Electric Corporation, Jh Robotics, Inc., M Torres, Comau, MTM Robotics and Honeybee Robotics.

The global aerospace robotics market is expected to grow from $3.12 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 11.09%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.57 billion in 2026 at a CAGR of 12.57%.

The aerospace robotics market consists of sales of aerospace robotics by entities (organizations, sole traders, and partnerships) which enhance the performance and productivity of predefined operations in aerospace sector. Aerospace robotics are programmable machines that assist humans for construction of aircraft engines, performing tasks such as drilling and painting airframes and others.

The main types of aerospace robotics include articulated, cartesian and other types.Articulated robots are equipped with two or more rotary joints, support circular movements, and are used in the aircraft manufacturing process.

The different applications of aerospace robotics are drilling, welding, painting, inspection and other applications. The different aerospace robotics components include controller, sensors, drive, arm processor and end effector with technologies including conventional and collaborative and aerospace robotics payloads including small -medium payloads robots, large payloads robots and extra large payloads robots.

North America was the largest region in the aerospace robotics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The increasing 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 aerospace robotics market during the period.

Companies in the aerospace robotics market are focusing on technological advancement to accelerate and develop robotics and process technologies for the next generation of energy-efficient aircrafts.The aerospace industry rapidly adopts novel technologies such as the integration of robotics with 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions to enhance the performance and productivity of predefined operations in the aerospace sector.

In addition, robotic technology complements human-robot collaboration and reduces the turnaround time of the manufacturing process.For instance, in September 2019, the first AI-powered robot in space, Project CIMON (Crew Interactive Mobile Companion), was launched by Airbus, IBM, and the German Aerospace Center DLR.

CIMON is a sphere-shaped, free-floating interactive companion, built using 3D printing, that can help astronauts with their daily tasks and interact with them.

In July 2021, ABB Group, a Swiss digital technologies company, acquired ASTI Mobile Robotics Group (ASTI), for an undisclosed amount.This acquisition adds ABB’s robotics and machine automation solutions, giving it a strong automation portfolio for the next generation of flexible automation.

ASTI Mobile Robotics is a robotics company specialized in automation solutions with automated guided vehicles and autonomous mobile robots for different industries including aerospace.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the aerospace robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.