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.
Segmentation
On the basis of type, the market is segregated into articulated robots, SCARA robots, Cartesian robots, cylindrical robots, polar robots, and collaborative robots. In terms of region, the global market is classified into North America, Europe, Asia Pacific, and the rest of the world.
By application, the market is further categorized into cutting, welding, painting, assembly, inspection, and others.
The welding segment is anticipated to dominate robotics during the mentioned period owing to the huge implementation of robots to bond parts of the ship. Soldering is a time-consuming and labour-persuaded operation, hence, shipbuilders are fixated majorly on mechanising the welding process to preserve the labour charges.
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.
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.
Browse Summary
https://www.fortunebusinessinsights.com/robotics-in-shipbuilding-market-103548
Industry Development
October 2020: Sarcos Robotics, was granted an agreement by the Office of Naval Research in order to advance a remote-controlled model of the upper-body of the inventive Sarcos Guardian XO wearable automation. This fresh variation is to be fortified and fasten to a selection of mobile bottoms, such as wheeled or trailed automobiles, boom lifts, fork lifts, and bucket trucks in order to fulfil upkeep and transportation requirements.
List of Key Players Covered in this Market Report
- ABB (Switzerland)
- Kawasaki Heavy Industries, Ltd (Japan)
- KUKA AG (Germany)
- The Yaskawa Electric Corporation (Japan)
- KRANENDONK Production Systems BV (Netherlands)
