Global Fastener News

The aerospace robotics market is projected to grow from $1.81 billion in 2016 to $4.54 billion by 2022, at a CAGR of 16.55% during the forecast period, according to a new Research and Markets report.

The market is mainly driven by 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. 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 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.”

To cater to this surplus aircraft orders, leading aircraft manufacturers, such as Boeing (U.S.), have started employing aerospace robotics for their manufacturing and assembly operations in the region.

Asia-Pacific is estimated to be the fastest-growing market for aerospace robotics systems, due to growth of the region’s aviation industry.

The 159-page report is available for $5,650. For more info, visit ResearchAndMarkets.com.