DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aerospace Robotics Market by Type (Scara, Cylindrical, Articulated, Catesian), Component (Controller, Processor, End Effector, Drive, Sensor) Technology (Traditional, Collaborative), Application and Region - Global Forecast to 2022" report to their offering.
The aerospace robotics market is projected to grow from USD 1.81 billion in 2016 to USD 4.54 billion by 2022, at a CAGR of 16.55% during the forecast period.
The market is mainly driven by factors, such as increase in the use of robots for efficient aircraft production processes and growing use of robotics to handle aircraft orders backlog. However, lack of skilled robot operators may restrain the growth of this market.
By type, the articulated segment is estimated to account for the largest share of the market in 2016. Articulated robots are the most common type of robots used in the aerospace industry for a wide range of applications. These robots are known for their speed, agility, and high degree of freedom. The type segment of the aerospace robotics market includes articulated, SCARA, cylindrical, cartesian, and other robotic types.
The aerospace robotics market has been segmented on the basis of component into controller, sensors, drive, arm processor, and end effector. Among these, the controller segment is estimated to be the largest in 2016. The controller monitors and gives direction to the robotics system, and is an essential component of aerospace robotics.
Based on technology, the traditional segment is estimated to account for the largest share of the aerospace robotics market in 2016. Traditional robots, designed and programmed to work autonomously, are extensively used in aircraft manufacturing. These robots are used for various applications, such as drilling, fastening, welding, paints & coating, material handling, assembly, and inspection, among others.
North America is estimated to account for the largest share of the aerospace robotics market in 2016. The aviation industry in North America has witnessed considerable growth over the past few years, owing to increase in the number of aircraft orders.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aerospace Robotics Market, By Type
8 Aerospace Robotics Market, By Component
9 Aerospace Robotics Market, By Technology
10 Aerospace Robotics Market, By Application
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- ABB Group
- Electroimpact Inc.
- Fanuc Corporation
- Gudel AG
- Industrial Designs M.Torres, Sau
- Kawasaki Heavy Industries, Ltd
- Kuka AG
- Oliver Crispin Robotics Limited
- Universal Robots A/S
- Yaskawa Electric Corporation
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