Aerospace Robotics Market by Type (Articulated, Cartesian, Cylindrical, Spherical, SCARA, and Parallel), Technology (Traditional, Collaborative), Application (Drilling, Welding, Painting, Inspection) - Global Opportunity Analysis and Industry Forecast, 2014-2022 Update Available On-Demand
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A01822
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Pages: 120
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Apr
2017 |
6920 Views
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Author(s) :
Puja Mourya
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Tables: 32
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Charts: 51
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Aerospace Robotics Market Overview:
Aerospace Robotics Market is projected to grow $5,687 million by 2022, growing at a CAGR of 17.2%. The robotics technology is used in aerospace industry for variety of applications during the manufacturing of aircraft components including welding, drilling, painting, material handling, cutting, assembly automation, and fabrication of engines. The aerospace robotics market offers automation, precision, and accuracy in repetitive tasks done in the manufacturing procedure.
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Global Aerospace Robotics industry has witnessed rapid growth in the recent years, owing to growing need of automation for the efficient aircraft production. In addition, increasing labor cost across the world contributes to the market growth. However, lack of skilled workforce and high installation cost of robotic devices hamper the market growth. Moreover, upsurge in IoT (Internet of Things) trends in aircraft manufacturing companies and high paced growth in aerospace industry globally are expected to create numerous opportunities for the market during the forecast period.
The global aerospace robotics industry is expected to grow at a prominent rate during the forecast period. Technological advancements, including nanotechnology, 3D vision technology, artificial intelligence, cloud computing, drive growth of the collaborative robots in the aerospace sector. Government expenditure for the development of aerospace and defense sector is one of the major factors that drives the market growth in North America. There is continuous economic development among various countries such as India, China, Malaysia, and Singapore, which is expected to provide numerous growth opportunities in Asia-Pacific region.
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The prominent players profiled in the report include ABB Group, KUKA AG, Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Corporation, JH Robotics, Inc., Oliver Crispin Robotics Limited, Electroimpact Inc., Universal Robots A/S, AV&R Vision & Robotics Inc.
Segment Overview
The global aerospace robotics market is segmented on the basis of type, technology, application, and geography. Based on type, the market is divided into articulated, cartesian, and others (cylindrical, spherical, SCARA, and parallel). Based on technology, the market is further categorized into traditional and collaborative. The market is segmented on the basis of application as drilling, welding, painting, inspection, others (cutting, assembly automation, and material handling). The aerospace robotics market is segmented based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA.
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In 2015, the articulated type segment dominated the global aerospace robotics market owing to the huge utilization in the aircraft manufacturing process that includes arc welding, material handling, dispensing, material removal, and deburring. Collaborative technology segment is expected to grow at the fastest rate during the forecast period primarily due to the increasing investments for automation by aircraft manufacturing companies. In addition, North America generated the highest revenue in the global aerospace robotics market in 2015, owing to the government expenditure for the growth of aerospace and defense sector in the region.
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Factors that affect the growth of the aerospace robotics market include the need for automation of efficient aircraft production and the growing use of robotics to handle aircraft order backlog. Aerospace robots automate internal processes, perform repetitive tasks with accuracy, and reduce the workload of employees by working in collaboration with workers. Various companies such as Airbus Group, The Boeing Company, and Bombardier Inc., are implementing automation and robotics technologies in their manufacturing processes for efficient production of aircraft and to handle order backlogs. However, lack of skilled workforce to develop and implement robotics technology restricts the growth of the aerospace robotics market. Moreover, the growing aerospace industry at a high pace and technological advancements such as 3D vision technology, Internet of Things (IoT), artificial intelligence, and cloud computing is likely to provide huge growth opportunities to the market. Each factor has its definite impact on the aerospace robotics market.
Key Benefits
- The study provides an in-depth analysis of the aerospace robotics market along with current and future trends to elucidate the imminent investment pockets.
- Information regarding key drivers, restraints, and opportunities along with their impact analysis on the aerospace robotics industry is discussed.
- Porters Five Forces analysis of the aerospace robotics industry illustrates the potency of buyers and suppliers participating in the global aerospace robotics market.
- The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.
- The market shares and key strategies of market players has been comprehensively analyzed in the market report.
Aerospace Robotics Market Key Segments
The global aerospace robotics market is segmented based on type, technology, application, and geography.
By Type
- Articulated
- Cartesian
- Others (Cylindrical, Spherical, SCARA, and Parallel)
By Technology
- Traditional
- Collaborative
By Application
- Drilling
- Welding
- Painting
- Inspection
- Others (Cutting, Assembly Automation, and Material Handling)
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players Profiled in the Report
- ABB Group
- KUKA AG
- Fanuc Corporation
- Yaskawa Electric Corporation
- Mitsubishi Electric Corporation
- JH Robotics, Inc.
- Oliver Crispin Robotics Limited
- Electroimpact Inc.
- Universal Robots A/S
- AV&R Vision & Robotics Inc.
Other Companies Mentioned in the Report
- GKN Aerospace
- Boeing Company
- Pratt & Whitney
- GKN Plc
- Airbus Group
- Bombardier Inc.
- Daher Aerospace SAS
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Moderate intensity of competitive rivalry
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increasing need of automation for efficient aircraft production
3.4.1.2. Growing use of robotics to handle aircraft order backlog
3.4.1.3. Increasing labor cost
3.4.2. Restraints
3.4.2.1. Lack of skilled workforce
3.4.2.2. High initial cost
3.4.3. Opportunities
3.4.3.1. Technological advancements
3.4.3.2. High pace growth in aerospace industry
3.4.4. Top impacting factors
CHAPTER 4 AEROSPACE ROBOTICS MARKET, BY TYPE
4.1. OVERVIEW
4.2. ARTICULATED
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. CARTESIAN
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. OTHERS (CYLINDRICAL, SPHERICAL, SCARA, AND PARALLEL)
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
CHAPTER 5 AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY
5.1. OVERVIEW
5.2. TRADITIONAL
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3. COLLABORATIVE
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6 AEROSPACE ROBOTICS MARKET, BY APPLICATION
6.1. OVERVIEW
6.2. DRILLING
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3. WELDING
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4. PAINTING
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.5. INSPECTION
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
6.6. OTHERS (CUTTING, ASSEMBLY AUTOMATION, AND MATERIAL HANDLING)
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast
CHAPTER 7 AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.3.1. U.K.
7.3.3.2. France
7.3.3.3. Germany
7.3.3.4. Rest of Europe
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.3.1. Japan
7.4.3.2. China
7.4.3.3. India
7.4.3.4. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.3.1. Latin America
7.5.3.2. The Middle East
7.5.3.3. Africa
CHAPTER 8 COMPANY PROFILES
8.1. ABB LTD.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.2. AV & R
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.3. ELECTROIMPACT INC.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.4. FANUC CORPORATION
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.5. JH ROBOTICS, INC.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.6. KUKA AKTIENGESELLSCHAFT
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.7. MITSUBISHI ELECTRIC CORPORATION
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. OC ROBOTICS
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Key strategic moves & developments, 2014-2016
8.9. TERADYNE INC. (UNIVERSAL ROBOTS A/S)
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments
8.10. YASKAWA ELECTRIC CORPORATION
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL AEROSPACE ROBOTICS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. ARTICULATED AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. CARTESIAN AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. OTHERS AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5. GLOBAL AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 6. TRADITIONAL AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. COLLABORATIVE AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. GLOBAL AEROSPACE ROBOTICS MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 9. AEROSPACE ROBOTICS MARKET FOR DRILLING, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. AEROSPACE ROBOTICS MARKET FOR WELDING, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. AEROSPACE ROBOTICS MARKET FOR PAINTING, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. AEROSPACE ROBOTICS MARKET FOR INSPECTION, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13. AEROSPACE ROBOTICS MARKET FOR OTHERS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14. AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15. NORTH AMERCA AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16. NORTH AMERICA AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 17. EUROPE AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 18. EUROPE AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 19. ASIA-PACIFIC AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 20. ASIA-PACIFIC AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 21. LAMEA AEROSPACE ROBOTICS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 22. LAMEA AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 23. ABB: COMPANY SNAPSHOT
TABLE 24. ABB: OPERATING SEGMENTS
TABLE 25. AV & R: COMPANY SNAPSHOT
TABLE 26. AV & R: OPERATING SEGMENTS
TABLE 27. ELECTROIMPACT: COMPANY SNAPSHOT
TABLE 28. ELECTROIMPACT: OPERATING SEGMENTS
TABLE 29. FANUC: COMPANY SNAPSHOT
TABLE 30. FANUC: OPERATING SEGMENTS
TABLE 31. FANUC: PRODUCT PORTFOLIO
TABLE 32. JH ROBOTICS: COMPANY SNAPSHOT
TABLE 33. JH ROBOTICS: OPERATING SEGMENTS
TABLE 34. KUKA: COMPANY SNAPSHOT
TABLE 35. KUKA: OPERATING SEGMENTS
TABLE 36. KUKA: PRODUCT PORTFOLIO
TABLE 37. MITSUBISHI: COMPANY SNAPSHOT
TABLE 38. MITSUBISHI: OPERATING SEGMENTS
TABLE 39. OC ROBOTICS: COMPANY SNAPSHOT
TABLE 40. OC ROBOTICS: OPERATING SEGMENTS
TABLE 41. OC ROBOTICS: PRODUCT PORTFOLIO
TABLE 42. TERADYNE: COMPANY SNAPSHOT
TABLE 43. TERADYNE: OPERATING SEGMENTS
TABLE 44. TERADYNE: PRODUCT PORTFOLIO
TABLE 45. YASKAWA: COMPANY SNAPSHOT
TABLE 46. YASKAWA: OPERATING SEGMENTS
TABLE 1.1. YASKAWA: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 1. GLOBAL AEROSPACE ROBOTICS MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. KEY INVESTMENT POCKETS
FIGURE 4. PORTER’S FIVE FORCES ANALYSIS
FIGURE 5. BARGAINING POWER OF SUPPLIERS
FIGURE 6. BARGAINING POWER OF BUYERS
FIGURE 7. THREAT OF SUBSTITUTES
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. MARKET DYNAMICS
FIGURE 11. TOP IMPACTING FACTORS
FIGURE 12. GLOBAL AEROSPACE ROBOTICS MARKET, BY TYPE
FIGURE 13. GLOBAL AEROSPACE ROBOTICS MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 14. ARTICULATED AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 15. CARTESIAN AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 16. OTHERS AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 17. GLOBAL AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY
FIGURE 18. GLOBAL AEROSPACE ROBOTICS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 19. TRADITIONAL AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 20. COLLABORATIVE AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 21. GLOBAL AEROSPACE ROBOTICS MARKET, BY APPLICATION
FIGURE 22. GLOBAL AEROSPACE ROBOTICS MARKET, BY APPLICATION, 2014-2022 ($MILLION)
FIGURE 23. AEROSPACE ROBOTICS MARKET FOR DRILLING, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 24. AEROSPACE ROBOTICS MARKET FOR WELDING, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 25. AEROSPACE ROBOTICS MARKET FOR PAINTING, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 26. AEROSPACE ROBOTICS MARKET FOR INSPECTION, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 27. AEROSPACE ROBOTICS MARKET FOR OTHER APPLICATIONS, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 28. AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY
FIGURE 29. AEROSPACE ROBOTICS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIGURE 30. NORTH AMERICA AEROSPACE ROBOTICS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 31. EUROPE AEROSPACE ROBOTICS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 32. ASIA-PACIFIC AEROSPACE ROBOTICS MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 33. LAMEA AEROSPACE ROBOTICS MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 34. ABB: REVENUE, 2014-2016 ($MILLION)
FIGURE 35. ABB: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 36. ABB: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 37. FANUC: REVENUE, 2014-2016 ($MILLION)
FIGURE 38. FANUC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 39. FANUC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 40. MITSUBISHI: REVENUE, 2014-2016 ($MILLION)
FIGURE 41. MITSUBISHI: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 42. MITSUBISHI: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 43. OC ROBOTICS: STRATEGY SHARE, 2014-2016 (%)
FIGURE 44. TERADYNE: REVENUE, 2014-2016 ($MILLION)
FIGURE 45. TERADYNE: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 46. TERADYNE: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. TERADYNE: STRATEGY SHARE, 2014-2016 (%)
FIGURE 48. YASKAWA: REVENUE, 2013-2015 ($MILLION)
FIGURE 49. YASKAWA: REVENUE SHARE BY SEGMENT, 2015 (%)
FIGURE 50. YASKAWA: REVENUE SHARE BY GEOGRAPHY, 2015 (%)
FIGURE 51. YASKAWA: STRATEGY SHARE, 2014-2016 (%)
The aerospace industry uses robotics technology to manufacture aircraft components. Aerospace robots are used for various manufacturing process such as welding, drilling holes, inspection, painting, material handling, assembly automation, and others. The robotic devices offer automation, efficiency, and ability to accurately perform intricate tasks. Technologically advanced collaborative robots are used in the aerospace industry owing to increase in investment for automation among aircraft manufacturing companies and adoption of advanced technologies including Internet of Things (IoT), 3D technology, nanotechnology, and cloud computing. For instance, in November 2016, the Boeing Company announced to implement automated machines and robots for aircraft manufacturing in its 777X Composite Wing Center.
The growth of the aerospace robotics industry is hampered by high installation cost for implementing robots. However, rapid growth in the aerospace industry is expected to drive the aerospace robotics market. Leading players in the market have collaborated with other companies to expand their product portfolio and increase their market potential. North America generated the maximum revenue in the global aerospace robotics industry, owing to rapid technological advancements and heavy government expenditure for the development of the aerospace and defense industry.
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