The global aerospace robotics market size was US$ 2.1 billion in 2021. The global aerospace robotics market is forecast to grow to US$ 5.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 10.7% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1027
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing the Market
The aerospace business is continuously growing due to the growing use of modern technology, such as robotics. As a result, it will contribute to the growth of the global aerospace robotics market. In addition, robotics is expected to gain wide traction due to the growing focus on commercial processes in aerospace production. Thus, it will boost the growth of the global aerospace robotics market during the forecast period.
The surging demand for automation and rising labor costs is expected to increase the growth prospects for the aerospace robotics market. On the contrary, the shortage of skilled professionals may limit the growth of the global aerospace robotics market during the forecast period.
Growing deployment of technology to limit the spread of the virus and increase the efficiency of the task will also drive the aerospace robotics market forward. In addition, the growing focus on governments to improve infrastructure will also benefit the aerospace robotics market during the study period.
Growing passenger traffic at airports will also escalate the growth of the global aerospace robotics market.
COVID-19 Impact Analysis
The COVID-19 pandemic surged the demand for aerospace robotics to impede the spread of the virus. Moreover, the pandemic forced the authorities to maintain the security of the passengers and minimize human efforts. Thus, it has escalated the growth of the global aerospace robotics market.
Regional Analysis
North America is forecast to hold dominance in the aerospace robotics market owing to the growing passenger traffic in this region. Furthermore, the early adoption of new technology in the region is forecast to benefit this regional market during the study period. The market is also driven by the rising disposable income and increasing spending on updating its aircraft production units. For instance, Reliable Robotics has raised nearly US$ 100 million in funding in 2021. With this funding, the firm will automate traditional fixed-wing planes.
The Asia-Pacific aerospace robotics market is also forecast to record a significant growth rate due to the growing passenger traffic. Moreover, the adoption of the robotic system is increasing in developing countries like China, India, and Japan. Airport authorities are also investing highly in automated technologies, which will benefit the Asia-Pacific aerospace robotics market.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1027
Competitors in the Market
? Kuka AG
? ABB Group
? Fanuc Corporation
? Yaskawa Electric
? Kawasaki Heavy Industries
? Mtorres
? Oliver Crispin Robotics
? Gudel Ag
? Electroimpact Inc.
? Universal Robots A/S
? Swisslog Ag
? Reis Robotics
? Boston Dynamics
? Bosch Rexroth
? Other Prominent Players
Market Segmentation
The global aerospace robotics market segmentation focuses on Component, Solution, Payload, Application, and Region.
By Component
? Controller
? Sensor
? Drive
? End Effector
By Solution
? Traditional Robots
? Collaborative Robots
By Payload
? Up to 16.00 kg
? 16.01 – 60.00 kg
? 60.01 – 225.00 kg
? More than 225.00 kg
By Application
? Drilling & Fastening
? Non-destructive Testing & Inspection
? Welding & Soldering
? Sealing & Dispensing
? Processing
? Handling
? Assembling & Disassembling
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1027
By Regional Outlook
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
How are the key players in the market assessed?
?This report provides a comprehensive analysis of leading competitors in the market.
?The report includes information about the key vendors in the market.
?The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
?The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
?A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1027
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/