Aerospace Robotics Market Size, Share, Industry Trends and Forecast to 2030

Aerospace Robotics Market Size & CAGR in 2021

The global aerospace robotics market is projected to have a Compound Annual Growth Rate (CAGR) of 6.8% in 2021. The market size is expected to reach USD 8.7 billion by the end of the year.

COVID-19 Impact on Aerospace Robotics Market

The aerospace robotics market encountered significant challenges due to the COVID-19 pandemic. The disruptions in the supply chain, halt in production, and decrease in air travel led to a downturn in the market. However, with the gradual recovery in the aviation industry, the market is expected to bounce back.

Aerospace Robotics Dynamics

The aerospace robotics industry is witnessing dynamic changes with the integration of artificial intelligence, machine learning, and automation. Companies are focusing on developing innovative robotic solutions for aircraft manufacturing, maintenance, and inspection.

Segments and Related Analysis

The aerospace robotics market can be segmented into aircraft type, component, application, and region. Aircraft type includes commercial, military, and UAVs. Components consist of hardware, software, and services. Applications range from manufacturing to maintenance and inspection.

By Region Analysis

The aerospace robotics market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the market due to technological advancements and a strong presence of key market players.

Key Market Players and Competitive Landscape

Key players in the aerospace robotics market include ABB Ltd., KUKA AG, Fanuc Corporation, Yaskawa Electric Corporation, and Kawasaki Heavy Industries. The competitive landscape is intense, with companies focusing on innovation and strategic partnerships.

Recent Happenings in Aerospace Robotics Market

In recent developments, ABB launched a new line of collaborative robots specifically designed for aerospace applications. Fanuc partnered with a leading aircraft manufacturer to deploy robotic solutions for aircraft assembly. These advancements indicate the growing importance of robotics in the aerospace industry.