Aerospace Robotics Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™

 

The global ''aerospace robotics'' market 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 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.

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)

 

COVID-19 Impact Analysis:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018

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.

This Research Report Provides Features Like;

• Discover regional market opportunities and trends
• Identify emerging market demand & dynamics
• Market intelligence with quality and accuracy
• Deliverable formats like PDF, PPT, cloud, etc
• Benchmark against competitors & global industry
• Explore competitive strategy & market share

 

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 aerospace robotics solutions.

 

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.

 

Key Questions Answered:

• Why Choose Fortune Business Insights?
• What are the key demands and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the market growth?

 

Browse Detailed Research Insights with Table of Content: https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324

 

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
• Global Aerospace Robotics Market Analysis, Insights and Forecast, 2016-2027
• Key Findings / Summary
• Market Size Estimates and Forecast 
• By Application
• Material Handling
• Surface Treatment
• Composites Applications
• Assembly
• Others
•    By Robot Type
• Articulated Robots Market
• Linear/Cartesian Robots
• Parallel Robots
• Selective Compliance Assembly Robot Arm (SCARA) Robots
• Others
•    By Technology
• Conventional Technology
• Collaborative Technology
•    By Solution
• Hardware
• Controller
• Arm Processor
• Sensors
• Drive
• Others
• Software
• Application Based Software
• System Based Software
• Cloud-Based Software
• Planning, Service, Safety, Project Engineering  Software
• Services
•    By Payload

•  

• Small - Medium Payloads Robots (2kg To 100 Kg)
• Large Payloads Robots (100kg to 200kg)
• Extra Large Payloads Robots (200 Kg to 1,500kg)
•    By Region
• North America
• Europe
• Asia pacific
• The Middle East & Africa
• South America

TOC Continued…!!!

 

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