It was estimated prior to this unanticipated outbreak that the Aerospace Robotics Market was likely to witness an impressive CAGR of 17.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Growing employment of robotics to manage aircraft order backlogs, increasing use of robots for efficient aircraft production, and mounting labor costs are the prime factors bolstering the global aerospace robotics market during the forecast period.
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Aerospace Robotics Market Segment Insights:
By Type:
The articulated type segment is estimated to register the highest growth during the forecast period. The growth is attributed to the fact that articulated robots are preferred in most aircraft manufacturing processes, owing to their precision and high flexibility.
The controller segment was the largest component segment in 2018, and is also estimated to remain the largest segment in the coming five years. The unprecedented rise in aircraft deliveries is likely to underpin the market, which will consequently translate into healthy growth of the segment.
By Technology Type:
The collaborative segment is expected to depict a higher growth during the forecast period, owing to the gradual adoption of collaborative robots by the aerospace industry, marked by their ability to work alongside humans.
By Region:
North America accounted for the largest share of the aerospace robotics market in 2018, and is likely to continue its dominance during the forecast period. The market is driven by the regional presence of major aircraft manufacturers and aircraft part manufacturers along with the growing demand for commercial aircraft, which is compelling aircraft manufacturers to opt for robots and industrial automation to enhance their monthly production. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
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