The Global Aerospace Robotics Market Size was valued at USD 2.9 billion in 2021 and is projected to reach USD 4.9 billion by 2028. The Aerospace Robotics Market was valued at USD 2.9 billion in 2021 and is projected to reach USD 4.9 billion by 2028, at a CAGR of 11.4% during the forecast period. Robots are machines that enhance the efficiency of various operations in the aerospace industry, from component manufacture to the delivery of finished goods to the end customer. In recent years, there has been a growth in the use of the internet of things (IoT) in robotics. The Internet of Things (IoT) in aircraft component manufacturers has shifted the focus towards robotics, which can help reduce total labor costs while also enhancing product quality and precision in the Linear of crucial aircraft components.
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Utilization of Artificial Intelligence (AI)-based Robotics Systems in Aerospace Industry is a Prominent Trend
The utilization of Artificial intelligence (AI) in aircraft maintenance has resulted in a reduction in aircraft maintenance cycles and failures. It can predict any aircraft maintenance issues before any mishap occurs. Airbus SAS is implementing smart AI-based solutions for aircraft based on data from many types of sensors. Airbus SAS has focused on AI-powered robotics for applications such as decision-making, autonomous machining, and collaborative robots (cobot) technologies. In the manufacturing of next-generation aircraft as well as maintenance, and overhaul services, aviation manufacturers want cost-effective and faster robots. As robots are coupled with AI and IoT-based systems, the concept of smart robots is an upcoming trend.
Increase in global aircraft demand and manufacturing
Global aircraft Linear is predicted to expand as demand for new aircraft fleets in various countries rises as global air passenger traffic increases. Recovering from the COVID-19 epidemic, companies such as Boeing and Airbus are expecting a complete recovery. By the end of 2021, Airbus plans to raise the A320 aircraft family manufacturing to 45 per month. It has urged its suppliers to plan for Linear to increase to 64 per month by the second quarter of 2023 and 70 per month by 2024. Moreover, military aircraft Linear is also increasing as the United States, India, China, Russia, and the United Kingdom boost their military spending, thereby driving the growth of the market.
Aerospace Robotics Market Segment as Follows:
Essential Players Operated in the Aerospace Robotics Market Report are:
ABB (Switzerland)
Electroimpact Inc. (U.S.)
FANUC CORPORATION (Japan)
Kawasaki Heavy Industries, Ltd. (U.S.)
KUKA AG (Germany)
OC Robotics (The U.K)
Universal Robots (Denmark)
The Product Types can be Fragmented as:
Articulated
Linear
Parallel
SCARA
Others
Aerospace Robotics Market Segmentation by Application:
Hardware
Software
Services
Regions covered in this report are:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
The study on the global Aerospace Robotics market research report uses relevant data from primary and secondary sources to validate the industry statistics. It also includes a qualitative and quantitative evaluation of the key factors. The global Aerospace Robotics market report is broken down into sections that outline current marketing trends.
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Our report on the global Aerospace Robotics market is devoted fully to major market vendors, and our researchers have included in-depth information about the entire Aerospace Robotics industry, as well as product benchmarking and SWOT analysis. Major development plans, Aerospace Robotics market revenue share, future trends, and other relevant information are also presented in the competition landscape.
