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Aerospace Robotics Market to Reach USD 31.58 Billion by 2030, at a CAGR of 11.7% – Report by Market Research Future

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New York, US, May 20, 2023 (GLOBE NEWSWIRE) — According to the research report published by Market Research Future (MRFR), the global Aerospace robotics market expected to reach value at USD 31.58 Billion by 2030 and will grow at an 11.7% CAGR by 2030. The primary market drivers pushing market expansion are rising demand, increased awareness of sustainability in fashion, and government backing.

Aerospace Robotics Market Overview :

Drivers: Growing Need for Automation for Effective Aircraft Production to Boost Market Growth

Aerospace businesses prioritize operational process automation to lower costs, save time, produce high-quality goods, and boost productivity in order to compete in a fierce market. Aerospace robots automate the internal operations and lighten the strain on staff by collaborating with them for increased effectiveness. Boeing Company, Pratt & Whitney, GKN Aerospace, and Airbus are among the businesses that concentrate on using robots in the production of aerospace components.

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Report Scope:

Report Attribute Details
2030 Market Size USD 31.58 billion
CAGR 11.7% (2022–2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Component, Payload, Application, and Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Increase In Global Aircraft Demand and Manufacturing Increasing Use Of Robots For Efficient Aircraft Production Processes

Key Companies in the Aerospace Robotics Market:

Eminent industry players profiled in the global aerospace robotics market report include,

  • Kuka AG
  • ABB Group
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • Kawasaki Heavy Industries Ltd
  • Mtorres
  • Oliver Crispin Robotics Limited
  • Gudel AG
  • Electroimpact Inc.
  • Universal Robots A/S
  • STÄUBLI
  • COMAU
  • FESTO
  • BOSTON DYNAMICS.

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Technological Advances to offer Robust Opportunities:

Future growth in the aerospace robotics market is anticipated due to the introduction of novel technologies. Artificial intelligence, cloud computing, 3D vision technology, and other advancements improve the capabilities of robotic equipment employed in the aircraft sector. Robots equipped with cutting-edge ultrasonic & metrology inspection technologies assist with tasks like inspecting fasteners, cracks, and delamination during assembly in the aviation manufacturing sector. Due to the growth of the Internet of Things (IoT), modern industrial robots may also interact with others for a better production process.

Market Segmentation:

The global aerospace robotics market is bifurcated based on application, payload, component, and type.

  • By type, articulated will lead the market over the forecast period.
  • By component, end effector will domineer the market over the forecast period.
  • By payload, up to 16.00 kg will spearhead the market over the forecast period.
  • By application, the market is bifurcated into handling, sealing and dispensing, welding and soldering, non-destructive testing and inspection, drilling and fastening, and others.

Restraints and Challenges:

The high cost of installing robotic systems coupled with the dearth of skilled workforce may act as market restraints over the forecast period.

COVID-19 Analysis:

The COVID-19 pandemic has had a huge influence on the aerospace robotics market. The outbreak significantly reduced the need for air travel that in turn reduced the demand for the development and upkeep of new aircraft. The demand for aerospace robots has decreased, which has been observed by suppliers and manufacturers in the aerospace sector as a result of financial difficulties and supply chain disruptions. Additionally, because of the pandemic, social isolation regulations and travel restrictions have been implemented, which has had an effect on how aircraft companies and their suppliers operate. This has slowed down the implementation of new projects and reduced the usage of robotics in aerospace sector. The outbreak has nevertheless also shown how important automation is to lowering human interaction and raising safety in the aviation industry.

This has increased awareness of the requirement for collaborative robots & other cutting-edge automation technology in the aerospace sector. In the end, the COVID-19 epidemic has had both beneficial and bad effects on the aircraft robotics industry. Although the pandemic has decreased demand, it has also highlighted the need for innovation and automation in the aviation industry, which may help to increase the market for aerospace robots in the future.

Browse In-depth Market Research Report (100 Pages) on Aerospace Robotics Market:
https://www.marketresearchfuture.com/reports/aerospace-robotics-market-10946

Regional Analysis:

APAC to Head Aerospace Robotics Market

Asia-Pacific held the top spot in the market in 2021, and throughout the forecast period, the market there is anticipated to grow at the greatest CAGR. The need for robots in the area is being driven by the expanding aerospace sector in nations like China, India, and Japan. With strong regional economic growth, expanding domestic manufacturing, and large investments from top industry companies looking at prospective expansion prospects in the area, nations like India, China, and Japan are driving the Asia-Pacific market.

North America to Have Admirable Growth in Aerospace Robotics Market

The expansion of the market in North America is being fueled by rising worldwide demand for and production of aeroplanes, as well as rising robotics utilization in the industry. The market for aerospace robotics was dominated by North America in 2018 and is anticipated to remain so during the projected period. The market is fueled by the presence of large aircraft manufacturers and manufacturers of aviation parts in the region, as well as by the rising need for commercial aircraft that is pushing aircraft manufacturers to use robotics and industrial automation to increase their monthly output.

North America is the greatest market for aerospace robots because American investment on updating its aircraft linear units has increased significantly. Additionally, the market development in the US is being fueled by the presence of top suppliers like Kawasaki Robotics and Electro Impact Inc. Additionally, the government would prioritize spending on high-tech robotics, which is anticipated to increase market demand throughout the projection period.   Due to the existence of several industry behemoths, like Kawasaki Robotics and Electro Impact Inc., it is predicted to see the quickest growth throughout the next time. In addition, the United States is making significant expenditures in modernization projects to upgrade its facilities for making aeroplanes.

Latest Industry Update:

May 2023- At the forthcoming Automate 2023 trade event in Detroit, Michigan, Ascent Aerospace, a top supplier of factory automation, aerospace tooling systems, and integration services, will be announcing its cooperation with True Position Robotics (TPR). The top robots and automation providers and buyers from across the globe will be present at the event, which runs from May 22 to May 25.

Discover more research Reports on Aerospace & Defense Industry, by Market Research Future:

Aerospace Additive Manufacturing Market Research Report Information By Platform (Aircraft [Fixed-Wing and Rotary-Wing], Unmanned Aerial Vehicle and Spacecraft), Application (Engine, Structural and Others), Material Type (Metal Alloy, Plastic, Rubber and others), Technology (3D Printing, Laser Sintering (Direct Metal and Selective), Stereolithography, Fused Deposition Modelling and Electron Beam Melting) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2030

Rapport d’étude de marché sur l’analyse du Big Data dans l’aérospatiale et la défense : informations par solution, technologie, application, type de déploiement et région (Amérique du Nord, Europe, Asie-Pacifique, Amérique latine et reste du monde) – Prévisions jusqu’en 2027

軍事および航空宇宙市場における半導体:コンポーネント別情報(センサー、アクチュエータ、光、メモリ、マイクロコントローラ、アナログIC、ロジックおよびディスクリートパワーデバイス、)、技術(表面実装技術(SMT)およびスルーホール技術(THT))、パッケージタイプ(プラスチックおよびセラミック)、最終用途(航空宇宙[電力ペイロード、電力管理、RFシステム、アビオニクス、航空機、] 、防衛 [通信ナビゲーションシステム、統合車両システム、高精度システム、軍用車両、)、アプリケーション(高耐久性通信、イメージングおよびレーダー、スマート軍需品、宇宙など)2030年予測

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

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Email: [email protected]
Website: https://www.marketresearchfuture.com
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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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