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Aerospace Robotics Market : Articulated Type to Grow at CAGR 12.9% During 2020 – 2030

PORTLAND, ORAGON, UNITED STATES, August 17, 2022 /EINPresswire.com/ -- As per the report published by Allied Market Research, the global aerospace robotics market was accounted for $2.9 billion in 2020, and is estimated to reach $9.2 billion by 2030, growing at a CAGR of 12.6% from 2021 to 2030.

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Covid-19 scenario:

During the pandemic, governments imposed strict lockdown and ban on import and export of raw materials. This affected the manufacturing activities of robotics in aerospace industry negatively.
The disrupted supply chain and delay in activities and initiatives about development of advanced aerospace robotics components hindered the market growth.
The report divides the global aerospace robotics market on the basis of type, technology, application, and region.

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Based on type, the articulated segment held the largest share in 2020, accounting for more than half of the market. In addition, the segment is projected to manifest the highest CAGR of 12.9% during the forecast period. The report also analyzes the segments including Cartesian and others.

On the basis of technology, the traditional segment held the lion’s share in 2020, contributing to nearly two-thirds of the market. However, the collaborative segment is estimated to portray the highest CAGR of 13.8% from 2021 to 2030.

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The report offers an analysis of the global aerospace robotics market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2020, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 14.8% during the forecast period.

The global aerospace robotics market report includes an in-depth analysis of the prime market players such as ABB, Electroimpact Inc., AV & R, JH Robotics, Inc., Fanuc Corporation, Mitsubishi Electric Corporation, KUKA AG, Universal Robots A/S, OC Robotics, and Yaskawa Electric Corporation.

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Similar Reports We Have on Robotics Industry:

Electric Bicycle Market - https://www.globenewswire.com/news-release/2021/07/01/2256639/0/en/Electric-Bicycle-Market-to-Garner-65-83-Billion-by-2030-Exclusive-Report-by-Allied-Market-Research.html

Light Commercial Vehicle (LCV) Market - https://www.globenewswire.com/news-release/2021/07/01/2256692/0/en/Light-Commercial-Vehicle-Market-to-Garner-786-5-Billion-by-2030-Exclusive-Report-by-Allied-Market-Research.html

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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