Global Aerospace Market witnessing major growth in the market

The aerospace robotics market is backed by an increase in global aircraft and manufacturing, high use of robotics to handle aircraft and the increasing labour cost.

FREMONT, CA: The development of the aerospace robotics market is marked by an escalation in the demand for global aircraft manufacturing and increased use of robots for efficient aircraft production processes. Additionally, an increase in usage of robotics to manage aircraft orders backlog and the growing manual labour cost contribute to the expansion of the aerospace robotics industry.  At a CAGR of 11.4 percent, the aerospace robotics market is expected to make USD 4.9 billion by 2026. Based on the component- controllers, arm processors, sensors, drive and end effectors, the end effector segment is likely to showcase the highest growth from 2021 to 2026. The mechanical and electrical devices installed on robots that assist in aircraft manufacturing are known as end effector often referred to as End of Arm Tooling. The effector tool usually comprises grippers, force-torque sensors, material removal tools, welding torches, collision sensors, and tool changers. Each tool has various purposes respectively.

Most of the aerospace robotics manufacturers are located in the Asia Pacific region and hence, based on region, it is likely to showcase the highest growth from 2021 to 2026. China, Japan and India are the countries in the Asia Pacific region that are inclined to contribute the most in acquisitions of robotic systems and also invest in research and development in aerospace manufacturing. Additionally, the above-mentioned regions are also investing in automated solutions to reinforce their manufacturing capabilities. To improve the efficiency of their facilities, companies in China and India are importing robotic technologies from Western nations. Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd and FANUC Corporation are some of the key manufacturers. Besides, Commercial Aircraft Corporation of China, Ltd is a state-owned organization from China.

In a nutshell, the report looks into market penetration, product development or information, market development, market diversification, and competitive assessment. The market faces some challenges like an increased cost of implanting robotics and Possible and anticipated hazards at the Workplace with the Implementation of Robotics.

 

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