Robotics in Shipbuilding Market Demand, Size, Share, Opportunities, Growth, Segmentation, Forecast by 2028

The global robotics in shipbuilding market size 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.

Report Coverage

We follow a wide-ranging research methodology that emphasizesprimarily on presenting precise information. Our researchers have applied a data triangulation method which would help us to deliver reliable approximations and gauge the complete market dynamics. Moreover, our analysts have secured admission to numerous international as well also al funded databases for conveying the newest information so that the investors can finance only in the essential zones.

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.

Browse Summary

https://www.fortunebusinessinsights.com/robotics-in-shipbuilding-market-103548

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%.

Competitive Landscape

Key players always engage in contracts and agreements as they are effective for broadening the business territories. For instance, in May 2021, Fincantieri S.p.A contracted an arrangement with Comau to create samples of robotic steel soldering solutions which shall be instigated primarily in Fincantieri boatyards. The first combined project experiments will be conducted at the Fincantieri shipyards in the first half of the year 2022.

List of Key Players Covered in this Market Report