The global aerospace robotics market size is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. This information is given by Fortune Business Insights™ in a new report, titled, “Aerospace Robotics Market Size, Share & COVID-19 Impact Analysis, By Application (Material Handling, Surface Treatment, Composites Applications, Assembly, and Others), By Robot Type (Articulated, Linear, Parallel, SCARA, and Others), By Technology (Conventional, Collaborative), By Solution (Hardware, Software, and Services), By Payload (Small – Medium Payloads Robots, and Others), and Regional Forecasts, 2020-2027.” The report further mentions that the market size was USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 20.49% during the forecast period.

The emergence of the COVID-19 pandemic is causing uproar in a wide range of industries owing to the complete shutdown of production processes. Some of them have also started to lay off workers as they are facing a severe economic crisis. Until a vaccine is discovered, we are unsure of the upcoming situations. But, this market is set to exhibit positive growth amid this pandemic owing to the increasing usage of robots in manufacturing processes to avoid direct contact of people. Our reports are specially created to help you protect your businesses in the ‘new normal.’

Get Sample PDF Brochure with Impact of COVID-19:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aerospace-robotics-market-103324

 

Fortune Business Insights™ lists out the names of all the prominent manufacturers operating in the global aerospace robotics market. They are as follows:

  • ABB Group (Switzerland)
  • Electroimpact Inc. (United States)
  • Fanuc Corporation (Japan)
  • Gudel AG (Switzerland)
  • Kawasaki Robotics (United States)
  • KUKA AG (Germany)
  • Oliver Crispin Robotics Ltd. (United Kingdom)
  • TAL Manufacturing Solutions Limited India (India)
  • Universal Robotics A/S (Denmark)
  • Yaskawa Electric Corporation (Japan)

 

What Does This Report Contain?

  • Analysis & forecast of the global market on a regional level.
  • Historic, current, and estimated market sizes.
  • Restraining & driving factors, as well as their impact on the demand for aerospace robotics.
  • An in-depth study of opportunities available in the market.

 

Drivers & Restraints-

Investments in R&D Activities to Develop AI-based Robots will Aid Growth

Several countries worldwide, such as Japan, Germany, South Korea, China, France, and the U.S. are extensively investing in research and development activities to develop novel AI-enabled robots. The South Korean government, for instance, planned to invest approximately USD 450 million in 2017 for the aerospace robotics sector. The main aim of this investment was to create an intelligent robot. However, for small and medium-sized enterprises (SMEs), a robot automation project can be challenging. Also, the operators must be trained to maintain and program these robots. These factors may hamper the aerospace robotics market growth in the near future.

 

Segment-

Hardware Segment to Show Rapid Growth Fueled by High Demand for Sensors & Controllers

Based on solution, the market is segregated into services, software, and hardware. Out of these, the hardware segment generated 57.33% in terms of aerospace robotics market share in 2019. This growth is attributable to the increasing demand for sensors, arm processors, and controllers to accelerate the sales of  robotics and aerospace market share.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/aerospace-robotics-market-103324

 

Regional Analysis-

High Expenditure to Modernize Aircraft Manufacturing Units in North America to Drive Growth

In 2019, North America procured USD 1.01 billion in terms of revenue. It is set to be the fastest-growing region throughout the forthcoming period backed by the presence of a large number of industry giants, such as Electro impact Inc. and Kawasaki Robotics in the region. Apart from that, the U.S. is experiencing high investments in the modernization programs to improve its aircraft manufacturing units. Europe, on the other hand, is likely to hold the second-largest position because of the higher adoption of Internet of Things (IoT)-based aerospace robotics solutions.

 

Competitive Landscape

Key Players Focus on Product Launches & Acquisition Strategies to Intensify Competition

The market consists of numerous reputed organizations that are persistently striving to gain a competitive edge by introducing new aerospace robotics solutions equipped with the latest technologies. Some of the others are also engaging in acquisitions to expand their portfolios and geographical footprints.

 

Below are two of the latest industry developments:

  • August 2019: Epson Robots declared the launch of its AutomateEliteSM Authorized System Integrator Program. It was put under the Epson Advantage Partner Program. It would help them in surging its business through the sales of their robots. At the same time, it would enable customers to easily search for the most effective system integrators for their automation projects.
  • July 2017: ABB successfully acquired Bernecker + Rainer Industrie-Elektronik GmbH (B&R) to broaden its position in industrial automation.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis
  • Quantitative Insights- Impact of COVID-19 Pandemic on Global Aerospace Robotics Market
    • Impact of the COVID-19 pandemic on the global aerospace robotics Market
    • Steps taken by Industry/ Companies/ Governments  to overcome the impact
    • Key Developments in the Industry in Response to COVID-19 pandemic
    • Potential opportunities due to COVID-19 Outbreak

 

View Related News:

https://www.metroflog.co/read-blog/10269

https://hotmedia.site/blogs/157947/Gunshot-Detection-System-Market-Business-Overview-2021-Major-Key-Players

https://community.squadcast.com/user/fortunebusiness_insights

https://www.dewiring.com/read-blog/45246

https://mauriciosglendora.com/2021/07/16/gunshot-detection-system-market-research-by-business-opportunities-top-manufacture-industry-growth-industry-share-report-size-regional-analysis-and-global-forecast-to-2028-fortune-business-in/

https://corosocial.com/read-blog/14507

https://neatbadger.com/2021/07/16/gunshot-detection-system-market-research-by-business-opportunities-top-manufacture-industry-growth-industry-share-report-size-regional-analysis-and-global-forecast-to-2028-fortune-business-in/

https://cantaloupevillas.com/2021/07/16/gunshot-detection-system-market-business-status-by-top-key-companies-industry-key-challenges-due-to-coronavirus-outbreak-fortune-business-insights/

 

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

 

Connect us via Social Media Channels:

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

 

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-aerospace-robotics-market-10183

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

Leave a Reply

Your email address will not be published. Required fields are marked *