Global Aerospace Robotics Market Size By Component (Hardware and Software), Technology (Traditional and Collaborative), Type (Articulated, Cartesian, and Others), Application (Material Handling, Surface Treatment, Drilling, Manufacturing and Assembly, and Others), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

The global Aerospace Robotics Market was valued at USD 2.64 billion in 2022 and is projected to reach USD 7.87 billion by 2030, growing at a CAGR of 14.23% from 2023 to 2030.

Robots play a crucial role in enhancing various operations within the aerospace industry, ranging from component manufacturing to delivering finished goods to end-users. The increasing integration of the internet of things (IoT) in robotics has become more prevalent in recent years. In aircraft component manufacturing, the use of IoT in robotics has revolutionized the industry by reducing labor costs and improving product quality and precision. Robots offer advantages such as high precision, reliability, faster processes, and cost-effectiveness. Aircraft manufacturers currently face challenges related to a significant backlog of orders and scheduled deliveries. Automation through robots can help reduce manufacturing turnaround time, enabling timely aircraft deliveries to airlines.

The different types of aerospace robots include robotic arms, drones, and autonomous vehicles, among others. These robots are used for tasks ranging from assembling complex components and conducting inspections to carrying out maintenance and repairs in challenging aerospace environments.

The key drivers aiding the growth of the aerospace robotics market include the need for increased efficiency, improved safety, and enhanced precision in aerospace operations. With the aerospace industry's demand for higher production rates and the need to reduce human intervention in dangerous tasks, robotics offers a compelling solution.

Key Insights

• Based on component, the hardware segment acquired the largest market share in 2022
• Based on technology, the traditional segment captured the largest industry share in 2022
• Based on type, the articulated segment acquired the largest market share in 2022
• Based on application, the manufacturing and assembly segment captured the largest industry share in 2022
• By region, North America accounted for the largest market share in 2022

Increased Manufacturing Efficiency in Robots to Drive Market Growth

The pursuit of increased manufacturing efficiency is a key driver for the adoption of aerospace robotics. Aerospace companies face constant pressure to improve their production capabilities while maintaining high levels of quality and precision. Automation and robotics play a vital role in achieving these objectives. By integrating robotic systems into their manufacturing processes, companies can reduce human error, speed up production cycles, and optimize resource utilization. This not only leads to cost savings but also ensures that aerospace components are manufactured with the utmost accuracy, meeting rigorous industry standards. Consequently, aerospace manufacturers are increasingly investing in robotics to streamline their production lines and gain a competitive advantage in the market.

Concerns Pertaining to High Initial Investment Costs Hinders Market Growth

A significant challenge faced by the aerospace industry is the high initial investment costs required to implement robotic systems. The development and deployment of robotics in aerospace operations involve significant capital expenditure, including the acquisition of hardware, software, and infrastructure for integration. Additionally, there are costs associated with employee training and maintaining these complex systems. These substantial upfront costs can act as a deterrent for smaller aerospace companies considering the adoption of robotics, as they may be hesitant to make such a significant initial investment. While the long-term benefits, such as increased efficiency and reduced labor costs, can outweigh these initial expenses, some organizations may find it difficult to justify the financial commitment, particularly in the short term.

Recent Development

March 2022: FANUC Corporation has unveiled the latest models in its CRX series, including the CRX-5iA, CRX-20iA/L, and CRX-25iA collaborative robots. These new additions offer payloads of 5 kg, 20 kg, and 25 kg respectively, providing enhanced capabilities for a range of collaborative tasks in various industries.

Segmentation Analysis

Based on components, the market is categorized into hardware and software. The hardware segment garnered the largest market share in 2022. This was driven by the increasing demand for technologically advanced robots, specifically for components such as controllers, arm processors, sensors, and drives. However, through the forecast period, the aerospace robotics software segment is expected to experience the highest growth rate. This can be attributed to technological advancements in planning, safety, and project engineering software, which play a crucial role in enhancing the capabilities of aerospace robots. Additionally, the services segment focuses on the repair and maintenance of robots, ensuring their optimal functionality and longevity.

Based on technology, the market is categorized into traditional and collaborative. The collaborative segment is anticipated to be the fastest growing over the analysis period due to the numerous benefits offered by collaborative robots. These robots are lightweight, flexible, and reliable, and have the ability to optimize low-weight collaborative operational processes such as placement, picking, testing, and measuring.

Based on type, the market is categorized into articulated, cartesian, and others. The cartesian segment is anticipated to exhibit a high CAGR through the forecast period due to the growing demand for linear robots in its manufacturing processes. This trend is driven by the need for precise and efficient operations in producing high-quality aircraft components. Collaborative robots, known for their lightweight, flexibility, reliability, and optimization capabilities, are being implemented by suppliers to meet the increasing demand for aircraft components. Additionally, the rising focus on aerospace robotics is contributing to the demand for linear robots in the aerospace sector. This demand is further supported by the growing emphasis on automation and the benefits it brings, such as improved productivity and reduced labor costs. As a result, linear robots are becoming an integral part of the aerospace industry, catering to the specific requirements of automation, robotics, and precision motion control in various applications.

North America is the Dominating Region Owing to Strong Presence of Major Players

North America held the largest market share in 2022 due to the strong presence of major players and well-established infrastructure. The United States, in particular, has been a leader in the development and deployment of aerospace robotics for manufacturing, inspection, and defense applications. The presence of well-established aerospace companies, a strong focus on technological advancements, and substantial investments in research and development have contributed to North America's dominant position in the aerospace robotics market. Additionally, the region benefits from a robust ecosystem of technology providers and research institutions, further driving innovation and growth.

Asia Pacific is Predicted to Register the Fastest Growing Region Owing to Government Investments in Defense

The Asia Pacific region is expected to experience significant growth over the forecast period driven by the increased demand for air travel, the emergence of new aerospace companies, and government investments in defense and space exploration. This has created a growing demand for advanced robotics and automation solutions to support the region's expanding aerospace industry. Factors such as lower labor costs, a sizable workforce, and a focus on technological advancements make Asia-Pacific an attractive market for aerospace robotics. With a strong emphasis on the adoption of automation and robotics, this region is projected to witness substantial growth in the coming years, presenting significant opportunities for both local and international aerospace robotics providers.

Competitive Landscape

The global aerospace robotics market is fragmented with key players such as KUKA Robotics, ABB, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., Universal Robots A/S, Mitsubishi Electric Corporation, DENSO Corporation, COMAU S.p.A., Cognex Corporation, amongst others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

The global Aerospace Robotics Market is segmented as follows:

By Component

• Hardware
• Software

By Technology

• Traditional
• Collaborative

By Type

• Articulated
• Cartesian
• Others

By Application

• Material Handling
• Surface Treatment
• Drilling
• Manufacturing and Assembly
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America