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The Aerospace Robotics Industry is projected to reach USD 4.9 billion by 2026 at a CAGR of 11.4% during Forecast Period.
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Collaborative Robots), Component (Controllers, Arm Processor,Collaborative Robots), Component (Controllers, Arm Processor, Sensors, Drive, End Effectors), Payload, Application, Region (North America, Europe, Asia Pacific, RoW) 2026 Search Reports Sign In FREE BROCHURE FREE SAMPLE REPORT Report Code: AS 4847Dec, 2021, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF Updated on : May 12, 2023 The Aerospace Robotics Industry is projected to reach USD 4.9 billion by 2026 at a CAGR of 11.4% during Forecast Period. The aerospace industry has witnessed significant growth, owing to increased air passenger traffic in recent years. This has consequently led to a rise in aircraft orders by various airliners globally. A larger number of aircraft manufacturers have been using traditional processes for aircraft manufacturing. Manufacturers are required to ensure efficient and errorfree fleet production processes, owing to stringent rules and regulations regarding the quality of the product in the aerospace industry. Robots are increasingly replacing traditional methods across production processes to manufacture high quality products in less time. Robots can be programmed to repetitively perform tasks over without variation, with a high degree of accuracy. These tasks are performed by specified routines that specify the direction, acceleration, velocity, deceleration, and distance of a series of coordinated motions. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info. X
To know about the assumptions considered for the study, Request for Free Sample ReportTo know about the assumptions considered for the study, Request for Free Sample Report Call Email REQUEST FREE SAMPLE REPORT COVID19 Impact on the Aerospace Robotics Market Components and required raw materials used to manufacture aerospace robotics were not available for ready production. The supply chain is experiencing transportationrelated delays due to travel restrictions and shortage of workforce. Production/assembly lines are also either running at lower capacities or are completely shut down. Longterm market drivers for aerospace robotics remain strong, and, before the pandemic, the market had started to show signs of recovery from the major market price reset. The COVID19 pandemic has swept the world, with many industries trying to stay afloat. Governments and businesses involved with robotics are reacting differently to the new situation. Some product launches are moving forward, while some are not; some tests continue, and some are delayed; some companies still operate, and others have shuttered. The spread of the COVID19 pandemic has resulted in supply chain and logistical disruptions across North America. According to a survey published by the National Association of Manufacturers (NAM) in March 2020, ~80% of manufacturers expect that the pandemic will have a financial impact on their businesses. Some key companies in the region have closed their facilities and are mulling employee layoffs. The manufacturing sector, which employs ~13 million workers in the US, is also expected to be impacted by the pandemic, primarily for two reasons: firstly, a number of manufacturing jobs are onsite which eliminates the scope of working remotely. Secondly, slowed economic activities have reduced demand for industrial products in the US and globally. Aerospace Robotics Market Dynamics Driver: Increase in manual labor cost Aircraft manufacturers are trying to gain a competitive advantage over the other market players by providing lowerpriced products. Increasing labor cost is one of the major concerns in the aerospace industry. The use of robots is expected to cut down labor costs and increase productivity. Though the initial cost of robots is high, it proves more beneficial than employing a huge workforce in the long term. Human workers need to be compensated in other ways, such as salaries, incentives, leaves, and allowances. However, a robot does not require any such compensation. Restraints: Lack of skilled operators Industrial robotization is a global technological megatrend (Deloitte, 2017, 2020; PwC, 2016), and the field of aerospace robotics is rapidly developing, accelerating the demand for robots considerably. Aerospace, industrial, and service robotics are growing fast worldwide. The global supply of aerospace robotics has practically doubled from 159,000 in 2012 to 294,000 in 2016. It reached 422,000 robot installations in 2018 and is forecasted to grow on average by 12% per
reached 422,000 robot installations in 2018 and is forecasted to grow on average by 12% perreached 422,000 robot installations in 2018 and is forecasted to grow on average by 12% per year from 2020 to 2022 (International Federation of Robotics [IFR], 2019; IFR World Robotics, 2017). Highly skilled employees are required to operate robots, owing to their complex functioning. One of the major factors restraining the adoption of robotics in the aerospace industry is that companies find it difficult to employ skilled operators who possess the necessary technical skills to operate robots. Furthermore, the maintenance of a robot is not easy and requires a specific skill set to perform preventive maintenance. Operators should know running a robot and the basic knowledge of the software programs through which the robot operates. The shortage of skilled labor limits the manufacturers from using robots on a full scale in the manufacturing process. Opportunities: Humanrobot collaboration Robots are replacing traditional production processes in the aerospace industry to perform tasks that require skills and precision that humans cannot achieve. The emergence of collaborative robots has increased collaboration between humanrobot collaboration, with robots operating handinhand with human employees. This integration of robots with the human workforce has resulted in increased productivity and efficiency. Furthermore, in manufacturing, some tasks can be better performed by humans, while others can perform better by robots. The introduction of robots in the manufacturing of aircraft is a key growth opportunity for the aerospace robotics market to explore the diverse strengths of humans and robots Challenges: High initial cost of implanting robotics. The incorporation of robots in manufacturing processes involves high initial costs. Manufacturers are planning to adopt robotics in their manufacturing process need to carefully consider the return on investment before applying a new system in their plants. The purchasing of sophisticated robots and software requires huge capital. Implementing new industrial robots, including robots, controllers, software, and other systems, for a specific application can cost around USD 100,000 to USD 150,000. The need for regular maintenance and skilled labor is also required to be considered. Order backlogs have led to aircraft manufacturers employing robots in their manufacturing processes despite the high cost. However, implementing completely automated processes is still a challenge due to the high initial cost. Based on robot type, the traditional robots will register the highest growth from 2021 to 2026. Traditional robots are primarily used for manufacturing. Traditional robots are automated, programmable, and capable of movement on three or more axes. Typical applications of traditional robots include welding, painting, assembly, disassembly, pick and place printed circuit boards, packaging and labeling, palletizing, product inspection, and testing. They can assist in material handling in warehouse applications as well. In 2020, nearly 1.64 million units of industrial robots were installed for various operations worldwide, according to the International Federation of Robotics (IFR).Articulated robots are the most commonly used industrial robots. They look like human arms, which is why they are also known as robotic arms or manipulator arms. An articulated robot has rotary joints. It may range from simple twojointed robots to 10 or more
joints. The joints are arranged one after the other so that one joint supports the other jointsjoints. The joints are arranged one after the other so that one joint supports the other joints further in the chain. The arm is connected to the base with a twisting joint. These joints provide flexibility in reaching any part of the working space of the robot. This type of robot is generally used for applications such as painting, welding, and inspection, among others. This is the most common type of robot used in the aerospace industry because of the wide range of applications. This robot leads the automated world because of the speed, agility, and high degree of freedom that it provides. Based on Component, the end effector segment will register the highest growth from 2021 to 2026. End effectors are tools, which include mechanical and electrical devices installed on a robot wrist. End effectors are also called End of Arm Tooling (EOAT). Robotic endeffectors are increasingly being deployed within industrial settings to automate mundane and repetitive tasks away from human labor. Leading industry’s adoption has been the use of bespoke endeffectors designed for specific tasks in reproducible environments. However, these effectors are specifically designed to do specific tasks, and there is a need for hybrid effectors which can multitask. For instance, a hybrid end effector can synergize both suction and fingered grasping into a single design. Based on application, the handling segment is anticipated to hold major share in aerospace robotics market. Handling robots enhance the efficiency of production lines and increase customer satisfaction by providing quality products in a timely manner. Material handling robots can automate some of the most tedious, dull, and unsafe tasks in a production line and is one of the easiest ways to add automation. Material handling robots enhance the efficiency of production lines and increase customer satisfaction by providing quality products in a timely manner. The term material handling encompasses a wide variety of product movements on the shop floor. Part selection and transferring, palletizing, packing, and machine loading are just a few of the applications that are considered material handling. The robot can efficiently and accurately move products from one location to another by fitting the robot with an appropriate end of arm tool (for example, gripper). Based on region, Asia Pacific region will register the highest growth from 2021 to 2026. The presence of players like Commercial Aircraft Corporation of China, Ltd. (COMAC) and local manufacturers providing aerospace robotics systems at lower costs compared to other manufacturers is driving the market. COMAC has increased the modernization of its assembly and production line, increasing its capabilities for meeting the demand for aircraft.India is considered to be a key player in the Asia Pacific region in terms of the domestic aviation market and the international aviation industry. The Indian government is implementing new aviation policies to expand the domestic manufacturing of aircraft. A recent government policy allowed 100% FDI in the aerospace and manufacturing sector, which has attracted foreign manufacturers to India. Such policies will boost the manufacture of aerospace robotics in the country, as well as ease the technology transfer from the Western countries to India. Aerospace Robotics Market by Region
Aerospace Robotics Market by Region To know about the assumptions considered for the study, download the pdf brochure Aerospace Robotics Industry Companies: Top Key Market Players The Aerospace Robotics Companies are dominated by globally established players such as Kuka AG (Germany), ABB Group (Switzerland), FANUC Corporation (Japan), Yaskawa electric corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan) are among the key manufacturers that secured aerospace robotics contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of robotic capabilities across the world. Aerospace Robotics Market Report Scope: Report Metric Details Market Size Value in 2021 Revenue Forecast in 2026 Growth Rate Forecast period Market size available for years USD 2.9 Billion USD 4.9 Billion 11.4% 20212026 2018–2026 Base year considered 2021 Forecast units Value (USD Million) By Robot type, By Component, By Application, By Payload Segments covered North America Europe Asia Pacific Middle East Rest of the World Geographies covered Kuka AG (Germany), ABB Group (Switzerland), FANUC Corporation (Japan), Yaskawa electric corporation (Japan), Kawasaki Heavy Industries Ltd (Japan), Mtorres (Spain), Oliver Crispin Robotics Limited (UK), Gudel AG (Switzerland), Electroimpact Inc. (US), Universal Robots A/S (Denmark) and others. Total 25 Market Players Companies covered The study categorizes the aerospace robotics market based on robot type, component,
application, payload, and region. Aerospace Robotics Market by Solution Traditional robots Collaborative robots By Component Controller Sensor Drive End effector By Application Drilling & Fastening Nondestructive testing & Inspection Welding & soldering Sealing & dispensing Processing Handling Assembling & disassembling By Payload up to 16.00 kg 16.01–60.00 kg 60.01–225.00 kg More than 225.00 kg Aerospace Robotics Market By Region North America Europe Asia Pacific Middle East Rest of the World Recent Developments In October 2021, Tecnoideal, an integrator specializing in the medical sector, contracted ABB industrial robots for its automated applications. Based in Modena, Italy, the company designs, exports and installs its machinery solutions all over the world, opening new possibilities for the fast, efficient and safe production of disposable medical devices. In August 2021, FANUC received a major order in the field of emobility. Scheduled for delivery in 2022, the company will supply the Cologne plant of Ford with around 500 robots to assist in the construction of electric car bodies.
In June 2021, TP Advanced Manufacturing signed a contract with Swisslog AG to acquireIn June 2021, TP Advanced Manufacturing signed a contract with Swisslog AG to acquire and implement its robotic solutions to digitalize the entire material flow to production and manufacturing. In May 2021, Kawasaki Heavy Industries announced its receipt of an order by Modus Subsea Services Limited (MODUS) in UK for an AUV called SPICE. SPICE is the world's first AUV equipped with a robot arm for performing subsea pipeline inspections, developed based on a fusion of submarinerelated technologies and industrial robot technologies fostered at Kawasaki over many years. In April 2021, The Daimler automotive group and the KUKA AG signed a new framework contract for the coming years. The order encompasses a fourfigure number of robots and linear units as well as other KUKA technologies such as software and controllers. In December 2020, KUKA received an order from MercedesBenz for the engineering and construction, as well as the assembly and commissioning, of several bodyinwhite production lines. In the future, various vehicle models will be produced here. Frequently Asked Questions (FAQ): Which are the major companies in the aerospace robotics market? What are their major strategies to strengthen their market presence? What are the drivers and opportunities for the aerospace roboticsmarket? Which region is expected to grow at the highest rate in the next five years? Which application of aerospace robotics systemis expected to significantlylead in the coming years? To speak to our analyst for a discussion on the above findings, click Speak to Analyst Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. Instant Answers with GPT Ask Now! Ask real questions. Get complete answers !
Type Your Question Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED REPORT CODE AS 4847 PUBLISHED ON DEC, 2021 REQUEST FREE SAMPLE REPORT CHOOSE LICENSE TYPE Single User $4950 Corporate License $8150 BUY NOW Request New Version Inquire Before Buying ADJACENT MARKETS Industrial Robotics Market Collaborative Robot Market Security Robots Market COVID19 Impact on Industrial Robotics Market Articulated Robot Market
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