Latest aerospace robot news
Before the impact of the coronavirus, the aerospace industry was struck with a number of problems, not least that the two largest players, Boeing and Airbus, faced production backlogs in a time when demand for new aircraft was at an all-time high. Aviation, especially in the developing world, was being forecast for rapid growth, putting a strain on aircraft and qualified pilot supply.
Not only that, but Boeing’s problems were compounded by the problems with its new 737 Max Series aircraft which had been grounded for many months because of software problems.
How the aerospace industry will cope post the coronavirus pandemic is unsure. Some experts, for example, believe the aviation industry will not fully recover for at least two years. This might be a blessing in disguise, as it will allow manufacturers to play catch up, but the future is uncertain.
A recent report entitled "Global Aerospace Robotics Industry" stated that the market is poised to reach over US$2.3bn by the year 2025. And the increasing use of SCARA robots will add significant momentum to global growth. Diving down in some more detail, the US will maintain a 18.2% growth momentum. In Europe, Germany is expected to add over US$186.9m to the region’s size and influence in the next five to six years. Over US$230.6m worth of projected demand in the region will come from Rest of Europe markets. In Japan, SCARA will reach a market size of US$200.7m by the close of the analysis period. China has the potential to grow at 16.6% over the next couple of years and add approximately US$847.3m.