Aerospace Robotics Market Size to Surpass USD 9.91 Billion by 2032 Due to Increased Demand for Automation in Aerospace Manufacturing

The Aerospace Robotics Market is experiencing a significant surge in growth driven by a heightened demand for automation technologies that enhance efficiency and reduce operational costs.

The Aerospace Robotics Market size was USD 3.72 billion in 2023 and is expected to reach USD 9.91 billion by 2032 and grow at a CAGR of 11.5% over the forecast period of 2024-2032.

Aerospace Robotics Market Growth Driven by Cost Reduction and Efficiency Demands in Aircraft Manufacturing

The aerospace robotics market industry has grown as it feels an acute need to decrease the high operating expenses coupled with the pressures of competition. Aerospace companies realize more than ever before that they must reduce costs and be efficient-which allows them to propel into adopting robotic technologies, automating their processes to raise productivity and minimize errors, which leads to lower labor costs while optimizing the manufacturing process. Technology about robotics implementation is that it promotes market expansion and, at the same time, stimulates sustainability through maximizing resource usage and economies of scale, at the same time, stimulating profit margins. Aerospace robotics are the overall robotic applications used in aircraft manufacturing for engine drilling, metal part fabrication, welding, and painting airframes. Most advantages of aerospace robotics technology in aircraft manufacturing processes include high precision, flexible automation, and repetitive task capabilities that accelerate overall production speed.

Aerospace Robotics Market Propelled by Rising Aircraft Production and Increased Military Spending

The drivers of the aerospace robotics market include a few key ones. For instance, it is estimated that the global aircraft manufacturing industry will increase profoundly as new aircraft are in demand. For example, Airbus recently announced its intentions to increase the production of the A320 family to 45 units a month by year-end 2021. For that, it has instructed its suppliers to prepare to increase their outputs by up to 65 units per month in the second quarter of 2024 and further up to 71 units by 2026.

In addition, military aircraft production grows as countries such as the United States, China, India, Russia, and the UK increase military spending. This uptrend in production for both commercial and military sectors presents a clear indication that reliance on robotic technologies to meet demands that are increasingly growing in manufacturing is becoming higher. Opportunities, the development of robots in the manufacturing sectors has provided companies with an opportunity to replace traditional methods which necessitate the involvement of skills and precision that only humans can provide.

Book Your Sample Report @ https://www.snsinsider.com/sample-request/1092

Key Players:

• Fanuc Corporation
• AV&R
• Universal Robots A/S
• Yaskawa Electric Corporation
• OC Robotics
• Electroimpact Inc.
• ABB
• Mitsubishi Electric Corporation
• KUKA AG
• JH Robotics

Segment Analysis

The Application Analysis, it has been recorded that the Composites application segment will witness strong growth as the demand for manufacturing frames and engine components for aircraft is increasing continuously. This sector is likely to grow at a higher CAGR during the forecast period because aerospace companies are focusing more on the implementation of a solid aircraft frame structure along with complex engine turbine blade design.

Under the category of Robot Type, the linear robot was the market leader in 2023. It enjoyed great diversity in its applications, including assembly, painting, machining, and packing. SCARA, on the other hand, will be the fastest-growing segment in the coming years due to its advanced capability to efficiently carry out multiple tasks within the manufacturing sector.

Key Regional Development

The Asia-Pacific region, such as China, Japan, and India, will significantly advance the purchase of robotic systems and invest in research and development in the aerospace manufacturing sector. Such countries are investing a lot of money in automated solutions to upgrade the capacity of production lines and optimize the manufacturing process. Chinese and Indian companies are increasingly importing advanced technologies of robotic engineering in the West in pursuit of higher efficiency levels for operations. Many of the major companies based in this region lead aerospace robotics manufacturers, such as Yaskawa Electric Corporation, Kawasaki Heavy Industries, and FANUC Corporation. China is slowly becoming an important player in commercial aircraft manufacturing. State-owned Commercial Aircraft Corporation of China is also making great strides in the sector.

Key Takeaways

• The aerospace robotics market is likely to grow exponentially considering the requirements of automation in manufacturing processes.
• Increased production capacities characterize both commercial and military aircraft sectors; hence, more advanced robotic technologies are needed.
• Collaborative technologies are going to take the top position in aerospace robotics, with flexibility and efficiency in operations.
• Recent events such as partnerships and funding initiatives, reveal that innovation continues in the aerospace robotics industry.

Recent Developments

• In June 2024, ExLabs secured substantial funding aimed at accelerating the development of innovative space robotics technologies. The funding is designated for advancing projects that focus on autonomous operations and robotic applications in space exploration.
• In April 2024, Fanuc and Loop announced a significant partnership to deploy the largest robots ever utilized in the UK aerospace industry. This collaboration is expected to increase manufacturing processes, improve efficiency, and introduce advanced automation technologies into the sector. The partnership focuses on strengthening the UK’s position in aerospace production by integrating state-of-the-art robotic solutions.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

Office No.305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

Contact Us:

Akash Anand – Head of Business Development & Strategy

info@snsinsider.com

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)