The aerospace robotics market is poised to grow at a 16.55 percent compound annual growth rate to $4.54 billion by 2022, according to research analysis company Markets and Markets. The market is expected to top $1.81 billion for 2016.
Articulated robots will experience the fastest growth over the forecast period, Markets and Markets said.
“Articulated robots are used for various functions, for instance drilling, fastening, and painting, among others,” said a report from Markets and Markets. “They are the most preferred and widely used robots in the aerospace industry because of the wide range of applications for which they can be used. Articulated robots dominate the automated world in terms of speed and agility.”
Looking to components, sensors will experience the fastest growth over the coming five years, owing to the increasing use of robotic sensors to provide essential inputs about an object’s motion, location, velocity, and temperature.
Moving to regions, the Asia-Pacific market will see the most rapid growth, due in part to an increase in the number of aircraft deliveries to the region.
“The region’s major economies, such as India, China, and Japan, are increasingly investing in automation solution[s] for aircraft manufacturing,” said the Markets and Markets report. “These countries are also expected to increase their acquisition of robotic systems and invest in research and development in aerospace manufacturing.”