Aerospace Service Robotics - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aerospace Service Robotics Market is accounted for $2.06 billion in 2019 and is expected to reach $6.49 billion by 2027 growing at a CAGR of 15.4% during the forecast period. Some of the key factors driving the growth of the market are rising demand for unmanned aerial vehicles and the increasing popularity of robotics. However, rapid changes in technology are the restraining factors for the growth of the market.
An aerospace service robot is the one that performs useful functions for humans or equipment without industrial automation in the aerospace industry. These robots assist humans by doing dangerous, dull, and repetitive tasks.
By component, the sensors segment is expected to grow at a significant market share during the forecast period owing to its wide usage in unmanned aerial vehicles as well as satellites. Based on geography, North America is anticipated to hold considerable market share during the forecast period as the major economies of this region are involved in the export of defence technologies.
Some of the key players in Aerospace Service Robotics Market include Advanced Robotics Ltd., Von Hoerner & Sulger GmbH (vH&S GmbH), Universal Robots A/S, Schiebel Corporation, MacDonald Dettwiler Space, Israel Aerospace Industries Ltd., European Aeronautic Defence and Space Co. N.V., Dassault Aviation, BlueBotics, and AeroVironment, Inc.
• Selective Compliance Articulated Robot Arm (SCARA)
• Satellite Service Robotics
• Unmanned Aircraft Service Robotics
• Spacecraft Service Robotics
• Efficient Aircraft Production Processes
• Handle Aircraft Orders Backlog
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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