DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/hk9tqn/global_aerospace) has announced the addition of the "Global Aerospace Service Robotics Market 2012-2016" report to their offering.

Global Aerospace Service Robotics Market To Grow At A Cagr Of 24.11 Percent Over The Period 2012-2016

TechNavio's report, Global Aerospace Service Robotics Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Aerospace Service Robotics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Commenting on the report, an analyst from TechNavio's Automotive team said: 'The Global Aerospace Service Robotics market is witnessing the increasing adoption of lightweight and multi-functional robots. The size of robots is getting smaller every year. Vendors are developing smaller sized aerospace service robotics by reducing the size of the robot controllers. The trend of reducing the controller size is expected to increase and this will lead to a further reduction in the size of robots. In addition, vendors are developing multi-functional robots equipped with sensors and mobile units to do the required tasks autonomously with the cooperation of humans.'

According to the report, the realization of the benefits of robots is one of the major drivers in the Global Aerospace Service Robotics market. The reduction in errors while performing complex work utilizing robots is leading to increased operational efficiency. Further, the capability of aerospace service robotics to solve the issue of workforce scarcity in the Aerospace industry is inducing the growth of the Global Aerospace Service Robotics market. Further, the report states that the reduction in budgets is one of the major challenges in the Global Aerospace Service Robotics market.

Key Questions Answered

- What will the market size be in 2016 and what will the growth rate be?

- What are the key market trends?

- What is driving this market?

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Research and Markets: Global Aerospace Service Robotics Market - 2013 Report