The global robotics in shipbuilding market demand was USD 581.3 million in 2020. The market is projected to grow from USD 616.8 million in 2021 to USD 1001.4 billion in 2028 at a CAGR of 7.74% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Robotics in Shipbuilding Market, 2021-2028.” According to our researchers, shipbuilding industry is promptlymoving towards collaborative robots also recognized as cobots. These cobots join forces with humans and carry out the manufacturing efficiently and effortlessly. Moreover, transportablecombined robots are capable to travel across the plants and help the employees. Besides, cobots can also be employed for proficientlycarrying small as well as large modules to the assembly unit. Several robot producers are fixated on creating technologically innovative cooperative robots.
For example, READY Robotics, which is a U.S. situated start-up company advances collaborative robots that eases the industrial automation services. The corporation alsoprovides Robotics-as-a-Service (RaaS) to the producers, to get paid with a monthly scheduled sort of income for machines and cobots.
Drivers and Restraints
Increasing Acceptance of Manufacturing Robots in Shipbuilding Industry to Thrust Growth
The shipbuilding corporations are financing in computerization of procedures such as soldering, painting, cutting, among others to hasten the industrial procedure and preserve the production budget. Countless crucial companies such as Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, and Hyundai Heavy Industries have implemented soldering robots to decline the industrial charge of the ship.
For example, Geoje Shipyard, a brand owned by the Samsung Heavy Industries Co. Ltd. has established numerous robot systems such as spider automatic welding robot, vacuum blasting robots, wall-climbing robot, cleaning pipe robot as well as examination robot. After the acceptance of these automatons, the Geoje Shipyard documented an augmented production automation rate of 68%.
Browse Summary
https://www.fortunebusinessinsights.com/robotics-in-shipbuilding-market-103548
Regional Insights
Asia Pacific held the highest robotics in shipbuilding market share in 2020 and is anticipated to grow at an enhanced CAGR throughout the mentioned forecast period. The supremacy is on account of the existence of chief industrial robot producers such as Hyundai Heavy Industries Co. Ltd., Kawasaki Heavy Industries, the Fanuc Corporation, and many others in this region.
The market in Europe is estimated to grow considerably owing to the increasing capitalizations by shipbuilders in the European region for shipbuilding robots.
North America region is projected to grow owing to the growing research and development projects by the significant robot producers for artificial intelligence (AI)-based extremely proficient and minor robotic systems.
List of Key Players Covered in this Market Report
- ABB (Switzerland)
- Kawasaki Heavy Industries, Ltd (Japan)
- KUKA AG (Germany)
- The Yaskawa Electric Corporation (Japan)
