Product Code: A31899
The global artificial intelligence and robotics in aerospace and defense market is envisioned to garner $35,848.10 million by 2031, growing from $17,200.00 million in 2021 at a CAGR of 7.9% from 2022 to 2031.
AI and machine learning are components of smart technology that incorporate programmable intelligence into previously manual processes to streamline and optimize them. This improves overall efficiency and accuracy, as well as the speed with which they are completed.
Robots in aerospace engineering can perform non-destructive ultrasonic testing and metrology inspections that are highly accurate and beneficial to increasing manufacturing productivity. During the assembly process, they can also perform delamination, crack, and fastener inspections using imaging methods. These factors drive the artificial intelligence and robotics in aerospace and defense market growth.
The use of robotics in the manufacturing industry simplifies and optimizes the operational process. The operational process of conventional robots, on the other hand, includes risk related to the safety of workers working near the robots. For example, if the robot is performing the task of packaging finished goods, the workers cannot engage in post-packaging tasks at the same time. Thus, the addition of collaborative robots' aids in the production of goods that can work in tandem with workers on the shop floor. As a result, collaborative robots were developed. They are more secure, easier to program, and integrate with other machines. The increasing demand for aircraft components is encouraging suppliers to incorporate collaborative robots into the manufacturing process in order to produce quality aircraft parts and systems in less time. Furthermore, a shift in manufacturing process safety standards following the COVID-19 pandemic will boost market growth.
Automation of robots is difficult, especially for small and medium-sized enterprises (SMEs). A large initial capital investment is required. Furthermore, training for the workforce in the programming and maintenance of the robots is required. SMEs use robots for a variety of applications including packaging, welding, assembly, and others. A change in the product specification, on the other hand, may result in a change in the operation of the robots. As a result, customization is required, which incurs an additional cost in the robot. As a result, these factors may impede the growth of this market.
Increased investments in the development and integration of AI and robotics, as well as increased defense budget allocation toward R&D and acquisition of AI-based equipment, are expected to boost market prospects. For instance, approximately 350 records were aligned to AI systems and equipment out of 21,000 equipment contracts published by the People's Liberation Army (PLA) China in 2020. NATO announced plans to launch an innovation fund worth USD 1 billion in October 2021 as its initial strategy to stay ahead of the competition in the AI vertical. In June 2021, the Pentagon announced plans to spend USD 874 million on AI and machine learning technologies as part of the Department of Defense (DoD) budget 2022, representing a 50% increase in budget allocation for AI-based technologies year over year. During the forecast period, such investments are expected to drive market growth in the military segment.
As the COVID-19 pandemic spreads around the world, many global aerospace and defense industry companies are feeling the effects. This article discusses the concerns about the short, medium, and long-term effects of COVID-19 on the industry, including aircraft manufacturing and defense, as well as the next steps that can be taken to respond, recover, and thrive. Companies in commercial aviation are experiencing production disruption and slowing demand as employees return home, passengers stop travelling, and customers postpone delivery of new aircraft. Spare part demand is also down because less maintenance is currently required. Aircraft manufacturers are capital intensive by nature, raising concerns about cash flow and liquidity in the short term. Contractors are better positioned on the defense side because COVID-19 will not have an immediate or mid-term impact. While production may slow for the same reasons that aircraft manufacturing has, demand over the next two years is unlikely to be affected because budgets for these projects were set prior to the pandemic, and the projects are critical to national defense.
The key players profiled in this report include: Airbus SE, IBM Corporation, Boeing Company, GE Aviation, Thales Group, Lockheed Martin Corporation, Intel Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, and Microsoft Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the artificial intelligence and robotics in aerospace and defense market analysis from 2021 to 2031 to identify the prevailing artificial intelligence and robotics in aerospace and defense market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the artificial intelligence and robotics in aerospace and defense market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global artificial intelligence and robotics in aerospace and defense market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Software
- Services
- Hardware
By Application
- Military
- Commercial
- Space
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Airbus SE
- IBM Corporation
- Boeing Company
- ge aviation
- Thales Group
- Lockheed Martin Corporation
- Intel Corporation
- Raytheon Technologies Corporation
- General Dynamics Corporation
- Microsoft Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Key Regulation Analysis
- 3.7. Market Share Analysis
- 3.8. Patent Landscape
- 3.9. Regulatory Guidelines
- 3.10. Value Chain Analysis
CHAPTER 4: ARTIFICIAL INTELLIGENCE AND ROBOTICS IN AEROSPACE AND DEFENSE MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: ARTIFICIAL INTELLIGENCE AND ROBOTICS IN AEROSPACE AND DEFENSE MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Military
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Commercial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Space
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: ARTIFICIAL INTELLIGENCE AND ROBOTICS IN AEROSPACE AND DEFENSE MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key trends and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Key market trends, growth factors and opportunities
- 6.2.4.1.2. Market size and forecast, by Type
- 6.2.4.1.3. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Key market trends, growth factors and opportunities
- 6.2.4.2.2. Market size and forecast, by Type
- 6.2.4.2.3. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Key market trends, growth factors and opportunities
- 6.2.4.3.2. Market size and forecast, by Type
- 6.2.4.3.3. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key trends and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Key market trends, growth factors and opportunities
- 6.3.4.1.2. Market size and forecast, by Type
- 6.3.4.1.3. Market size and forecast, by Application
- 6.3.4.2. UK
- 6.3.4.2.1. Key market trends, growth factors and opportunities
- 6.3.4.2.2. Market size and forecast, by Type
- 6.3.4.2.3. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Key market trends, growth factors and opportunities
- 6.3.4.3.2. Market size and forecast, by Type
- 6.3.4.3.3. Market size and forecast, by Application
- 6.3.4.4. Spain
- 6.3.4.4.1. Key market trends, growth factors and opportunities
- 6.3.4.4.2. Market size and forecast, by Type
- 6.3.4.4.3. Market size and forecast, by Application
- 6.3.4.5. Italy
- 6.3.4.5.1. Key market trends, growth factors and opportunities
- 6.3.4.5.2. Market size and forecast, by Type
- 6.3.4.5.3. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Key market trends, growth factors and opportunities
- 6.3.4.6.2. Market size and forecast, by Type
- 6.3.4.6.3. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key trends and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Key market trends, growth factors and opportunities
- 6.4.4.1.2. Market size and forecast, by Type
- 6.4.4.1.3. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Key market trends, growth factors and opportunities
- 6.4.4.2.2. Market size and forecast, by Type
- 6.4.4.2.3. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Key market trends, growth factors and opportunities
- 6.4.4.3.2. Market size and forecast, by Type
- 6.4.4.3.3. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Key market trends, growth factors and opportunities
- 6.4.4.4.2. Market size and forecast, by Type
- 6.4.4.4.3. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Key market trends, growth factors and opportunities
- 6.4.4.5.2. Market size and forecast, by Type
- 6.4.4.5.3. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Key market trends, growth factors and opportunities
- 6.4.4.6.2. Market size and forecast, by Type
- 6.4.4.6.3. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key trends and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Key market trends, growth factors and opportunities
- 6.5.4.1.2. Market size and forecast, by Type
- 6.5.4.1.3. Market size and forecast, by Application
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Key market trends, growth factors and opportunities
- 6.5.4.2.2. Market size and forecast, by Type
- 6.5.4.2.3. Market size and forecast, by Application
- 6.5.4.3. UAE
- 6.5.4.3.1. Key market trends, growth factors and opportunities
- 6.5.4.3.2. Market size and forecast, by Type
- 6.5.4.3.3. Market size and forecast, by Application
- 6.5.4.4. South Africa
- 6.5.4.4.1. Key market trends, growth factors and opportunities
- 6.5.4.4.2. Market size and forecast, by Type
- 6.5.4.4.3. Market size and forecast, by Application
- 6.5.4.5. Rest of LAMEA
- 6.5.4.5.1. Key market trends, growth factors and opportunities
- 6.5.4.5.2. Market size and forecast, by Type
- 6.5.4.5.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
- 8.1. Airbus SE
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.2. IBM Corporation
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.3. Boeing Company
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.4. ge aviation
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.5. Thales Group
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.6. Lockheed Martin Corporation
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.7. Intel Corporation
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.8. Raytheon Technologies Corporation
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.9. General Dynamics Corporation
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.10. Microsoft Corporation
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot