The aerospace robot market is projected to grow from $1.81 billion in 2016 to $4.54 billion by 2022, at a CAGR of 16% during the forecast period. Rising labor costs in the global aerospace industry are currently the main driver of the aerospace robot market. Another major influencing factor for the market is technological advancements in the robotics sector. However, the growth of the aerospace robot market is hampered by various restraining factors such as the maintenance cost of technologically advanced robots and the lack of skilled robot operators in the industry. The emergence of combinations of human-robot mechanisms or collaborative robots is expected to fuel the future aerospace robot market.
A full report of Aerospace Robotics Market available at: https://www.orionmarketreports.com/aerostats-system-market/38025/
Aerospace Robotics Market- Segmentation
By Type
• SCARA
• Articulated
• Cylindrical
• Cartesian
• Others
By Component
• Controller
• Arm Processor
• End Effector
• Drive
• Sensors
By Application
• Drilling & Fastening
• Inspection
• Welding
• Painting & Coating
• Others
By Technology
• Traditional
• Collaborative
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Major Players
The aerospace robotics market comprises robot manufacturers, such as KUKA AG (Germany), FANUC Corporation (Japan), ABB Group (Switzerland), and Yaskawa Electric Corporation (Japan); as well as system integrators, such as Electroimpact (U.S.), Oliver Crispin Robotics Limited (U.K.), and Universal Robots A/S (Denmark), among others.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
