Aerospace Robotics Market Share: Top Key Players and Growth Forecast

The global aerospace robotics market, valued at USD 2.66 billion in 2019, is set for remarkable growth, projected to reach USD 48.39 billion by 2032 with a robust CAGR of 25.0% during the forecast period. North America led the market in 2019, capturing 37.97% of the global share, driven by a strong aerospace manufacturing base and significant R&D investments.

The aerospace robotics market is expanding rapidly due to the growing adoption of automation technologies in aircraft manufacturing and maintenance. Robotics are increasingly integrated into key processes like drilling, welding, painting, and material handling, where they enhance precision, minimize human error, and improve overall efficiency. The market is segmented into various types (articulated, SCARA, cartesian, cylindrical, parallel), components (controllers, arm processors, sensors, drives, end effectors), and applications (aircraft manufacturing, space exploration, aircraft maintenance). The rising demand for both commercial and military aircraft, coupled with the need for cost-effective, high-quality production, is driving significant investments in robotics within the aerospace industry. North America holds the largest share of the market, supported by the presence of leading aerospace manufacturers and high R&D investments. However, regions like Asia-Pacific are projected to experience rapid growth, fueled by increased aircraft production and emerging aerospace markets.

Key Players in the Aerospace Robotics Market:

Some of the prominent companies in the aerospace robotics market include:

ABB Group (Switzerland)

Electroimpact Inc. (The U.S.)

Fanuc Corporation (Japan)

Gudel AG (Switzerland)

Kawasaki Robotics (The U.S.)

KUKA AG (Germany)

Oliver Crispin Robotics Ltd. (The U.K.)

TAL Manufacturing Solutions Ltd. (India)

Universal Robotics A/S (Denmark)

Yaskawa Electric Corporation (Japan)

For a more detailed analysis, visit the research summary:

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

Drivers & Restraints:

The aerospace robotics market is driven by significant investments in R&D for AI-based robotic systems. Countries like Japan, Germany, South Korea, China, France, and the U.S. are heavily funding the development of advanced AI-enabled robots. For instance, South Korea's government allocated around USD 450 million in 2017 to support advancements in aerospace robotics. However, challenges remain for small and medium-sized enterprises (SMEs), as implementing robotic automation systems can be costly and require specialized training for operators.

Segmentation:

The aerospace robotics market is categorized into services, software, and hardware. The hardware segment dominated the market in 2019, accounting for 57.33% of the share. This growth is driven by a high demand for essential components such as sensors, arm processors, and controllers that are critical to the operation of aerospace robotics systems.

Regional Analysis:

According to our research, North America accounted for the largest market share of USD 1.01 billion in 2019 and is expected to remain the fastest-growing region during the forecast period. The United States has significantly increased investments in modernizing its aircraft manufacturing facilities in recent years. Additionally, the presence of leading manufacturers such as Kawasaki Robotics and Electroimpact Inc. is driving market growth in the region. Government initiatives focusing on the integration of advanced robotics technologies further enhance this growth trajectory.

Europe is expected to play a pivotal role in the aerospace robotics market, driven by the widespread adoption of IoT-based systems and robotics within the aerospace sector. In 2019, Europe held the second-largest market share, underpinned by substantial investments in upgrading conventional robots with cutting-edge smart systems. This focus on innovation and modernization is anticipated to bolster the region's market growth.

Asia-Pacific, holding the third-largest market share in 2019, is also projected to be the fastest-growing region during the forecast period. Countries such as China, Singapore, and India are witnessing a rising demand for advanced robotics, fueling regional growth. With an expanding aerospace sector and increasing investments in automation, Asia-Pacific is expected to demonstrate sustained long-term growth in the aerospace robotics market.

 Competitive Landscape:

The aerospace robotics market is highly competitive, with key players focusing on new product launches, acquisitions, and strategic partnerships to strengthen their market position. Notable developments include:

August 2019: Epson Robots launched its AutomateEliteSM Authorized System Integrator Program under the Epson Advantage Partner Program, aimed at increasing its business through robot sales and helping customers identify the best system integrators for their automation needs.

July 2017: ABB acquired Bernecker + Rainer Industrie-Elektronik GmbH (B&R) to expand its footprint in industrial automation.