Raising technological developments in robots, growing usage of robotics for manufacturing efficiency, and to limit the labour costs are some of the major factors propelling the market growth.
- Advertising -
According to Publisher, the Global Aerospace Robotics Market is expected to grow from $2.15 billion in 2016 to reach $6.94 billion by 2023 with a CAGR of 18.2%.
In addition, increasing robotics market for handle aircraft orders backlog is another factor favoring the market. On the other hand, higher investments, lack of skilled robot operators are some of the restrains limiting the market growth.
- Advertising -
Among all components, the sensor segment is anticipated to register a higher market growth rate. North America is anticipated to hold the largest share in global market due to the existence of prominent aircraft manufactures.
Asia Pacific is anticipated to be a fastest growing region. The growth is attributed to increasing investments in research and development in aerospace manufacturing.
For more information @ www.reportsweb.com/aerospace-robot…utlook-2017-2023
Some of the key players in global Aerospace Robotics Market include ABB Group, Electroimpact Inc., Fanuc Corporation, Gudel AG, Industrial Designs M.Torres, Sau, Kawasaki Heavy Industries, Ltd, Kuka AG, Oliver Crispin Robotics Limited, Universal Robots A/S, and Yaskawa Electric Corporation.
Robotic Types Covered:
-Other Robotic Types
-Drilling & Fastening
-Painting & Coating
Request Sample Copy www.reportsweb.com/inquiry&RW0001888443/sample
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
Make an enquiry: www.reportsweb.com/inquiry&RW0001888443/buying
Category: Market Research Publishers and RetailersCompany profile: ReportsWeb is a one-stop shop for market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research papers and solutions from various publishers. The market research industry has changed in last decade. As the corporate focus has shifted to niche markets and emerging countries, some publishers have stepped in to fulfill these information needs. We have experienced and ...
For more information: