According to the latest report by IMARC Group, titled “Aerospace Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global aerospace robotics market reached a value of US$ 2.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.45 Billion by 2027, exhibiting at a CAGR of 11.82% during 2022-2027. Aerospace robotics represent the robots utilized for the assembly and maintenance of aircraft, space shuttles, and satellites. They are widely used for executing sensitive tasks, including material handling, cutting, riveting, bolting, welding, fabrication of exterior and interior components of the aircraft, etc. Aerospace robotics are also utilized for detecting minute variations in the thickness, patency, and integrity of aircraft skins, airfoils, paint coatings, etc. They usually operate through articulated, cartesian, cylindrical, spherical, parallel, and selective compliance articulated robot arm (SCARA) technologies. Aerospace robotics find various applications for autonomously operating on new planetary surfaces.
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Global Aerospace Robotics Market Trends:
The expanding aerospace and aviation industries across the globe are primarily driving the global aerospace robotics market. Furthermore, the rising requirement for automating various labor-intensive inspection, fiber placement, sealing, and dispensing processes is also propelling the market growth. In addition to this, the increasing production of narrow-body aircraft with lightweight and small-sized components is further augmenting the growth of the market. Moreover, continuous technological advancements, including the integration of robotics with 3D visualization, the Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions, are also catalyzing the product demand. Additionally, various R&D activities and significant developments in the cyber-physical system (CPS) with automated decision-making functionalities are anticipated to bolster the aerospace robotics market over the forecasted period.
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Global Aerospace Robotics Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Player:
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Key Highlights of the Report:
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