What Happened
Articulated Robots to Dominate with 59% Market Share
The aerospace robotics market is expected to reach $9 billion by 2030, with articulated robots holding a 59% market share. North America is projected to dominate the market with a value of $3.7 billion, driven by increased adoption of robotic automation in aircraft assembly and precision manufacturing. The market is expected to grow at an 11% CAGR through 2030, driven by factors such as growing demand for automation, addressing aircraft order backlogs, and increasing global labor costs. According to The Business Research Company, the market is moderately fragmented, with leading companies maintaining strong positions through diversified portfolios and innovation in robotic automation solutions. This report was first published by The Business Research Company.