Seattle, WA -- (SBWIRE) -- 11/04/2019 -- 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 manufacturers of aerospace robots are constantly focusing on developing robust technologies in order to develop robots which can understand human requirement and act according to the same. The human-robot collaborative task will help the aircraft manufacturing companies to perform the tasks more efficiently and in a reduced time. The ongoing research and development of human-robot collaborative robots are poised to fuel the growth of the market for aerospace robots in the coming years.

Key Players Analysis:

Some of the major players in the aerospace robotics market include Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd., and FANUC Corporation.

Segmentation:

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.

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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