Aerospace Robotics Market Size Analysis 2024 Growth, Top Regions, Key Players and Forecast to 2031
The global aerospace robotics market is anticipated to grow at a CAGR of 11.3% during the forecast period. The aerospace industry is constantly evolving, and modern robotics are driving that change. The increasing advancements of new technologies such as IoT, AI, 3D vision technology, and cloud computing in the aerospace robotics market are expected to give rise to market growth during the forecast period. The players are launching technologically advanced robots which can perform the task without human intervention. For instance, in January 2022, the Boeing Company introduced a 3D-printing first for rotorcraft. It lowered lead times and machining time plus enabled design improvements that improved quality for these Chinook test flights. Additive manufacturing also aids in improving component costs and component weight and enables the production of spare parts in the field, not just in a factory.
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Furthermore, the companies are launching newly developed robotics components and products which are expected to surge the demand for the aerospace robotics market during the forecast period. For instance, in February 2022, a UK start-up, True Position Robotics (TPR) shared its vision to transform aero-structure manufacturing by developing smart robot drilling and inspection tools to become the aerospace equivalent of automotive automation over the next few years. Moreover, TPR has developed a lightweight robotic drilling system for one-shot drilling and countersinking of holes up to 10mm in diameter. It uses a new TPR patented clamp-up system to achieve countersink depth control, and positional control achieved through an advanced robot guidance system including machine learning. The guidance is via an optical metrology system delivering an absolute digital twin to 0.1mm.
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Market Coverage
o By Type
o By Technology
o By Application
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
Global Aerospace Robotics Market Report Segment
By Type
By Technology
By Application
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