DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Robotics Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
The key factors driving the market growth are increasing use of robotics in the aerospace market, rising demand for robots for efficient aircraft production and increasing labour costs.
Geographically, North America is the largest market region for global aerospace robotics market in terms of market revenue share. The key factor driving the market growth in North America is due to the escalating growth of North America aviation industry. According to International Air Transport Association (IATA), the number of airline passengers in North America is increasing at the rate of 2.8% per year.
However, Asia Pacific is expected to emerge as the fastest growing market region during the forecast period. This is due to the presence of leading aerospace industries in Asia Pacific region such as China, Japan, India, and South Korea. These countries had accounted for approximately 50% of market revenue in 2015. Moreover, in 2017, Chinese automotive manufacturers had started deploying 1 robot to work which is equivalent to 30 workers.
The growth in global aerospace robotics market is also influenced by the presence of leading companies such as ABB Group, Fanuc Corporation, Yaskava Electric Corp, KUKA AG, Mitsubishi Electric Corporation, JH Robotics, Electroimpact Inc. etc. Product launches, joint ventures, mergers and acquisitions etc. are some of the crucial strategies adopted by the leading market players to gain competitive advantage.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
- ABB Group (Switzerland)
- AV&R Vision And Robotics (Canada)
- Boeing (U.S.)
- Electroimpact, Inc. (U.S.)
- Energid Robotics (U.S.)
- Fanuc Corporation (Japan)
- Gudel Ag (Switzerland)
- Industrial Designs M.Torres(Spain)
- JH Robotics (U.S.)
- Kuka Ag (Germany)
- Mitsubishi Electric Corporation (Japan)
- Oliver Crispin Robotics (U.K)
- Tal (India)
- Universal Robots A/S (Europe)
- Yaskawa Electric Corporation. (Japan)
For more information about this report visit https://www.researchandmarkets.com/research/z5c9sj/global_aerospace