The global aerospace robotics market size is projected to reach USD 5 billion by 2026 at a CAGR of 11.5% from USD 3 billion in 2021 during the forecast period 2021-2028.
With the surge in the manual labour cost and the usage of robot’s efficient aircraft production processes are some of the factors that have supported long-term expansion for Aerospace Robotics Market.
Recent Developments
In October 2021, Tecnoideal signed a contract with ABB industrial robots for its automated applications.
In August 2021, FANUC received a major order in the field of e-mobility. Scheduled for delivery in 2022, the company will supply the Cologne plant of Ford with around 500 robots to assist in the construction of electric car bodies.