Companies covered in robotics in shipbuilding market are Samsung Heavy Industries Co. Ltd. (South Korea), RB3D (France), The Fanuc Corporation (Japan), READY Robotics Corporation (The U.S.) and other players profiled
Pune, India, Jan. 13, 2022 (GLOBE NEWSWIRE) -- 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 million 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, automatic robots are utilized in the shipbuilding sector for operation practices such as cutting, soldering and painting, among others. In the last couple of years, ship constructors have been ready to mechanize the shipbuilding procedure by applying robot technology, which is estimated to fuel the growth of automation in the shipbuilding market. For example, in 2018, Hyundai Heavy Industries Co. Ltd. initiated a committed robotics occupation to upsurge the production volume of marine ships.
Furthermore, the increasing demand for the expansion of minor robot systems, particularly for soldering in cramped spaces, is projected to drive the robotics in shipbuilding market growth during the forecast period.
COVID-19 Pandemic has Undesirably Affected Shipbuilding Industry
The COVID-19 virus has shattered the global economy. The lockdown norms executed in the first and second quarters of 2020 resulted in a lack in annual incomes of several sectors that also involve the marine sector. Shipbuilding corporations, dockyards, and other contractors were required to embrace working methods affiliated with government limitations, resulting in the termination of shipbuilding procedures.
For example, Fincantieri Shipyard in Italy has entirely adjourned all production happenings since 12th March 2020 and up to the mid of April.
Story continues
Get a Sample PDF Brochure of this Research Report:
List of Key Players Covered in the Report
ABB (Switzerland)
Kawasaki Heavy Industries, Ltd (Japan)
KUKA AG (Germany)
The Yaskawa Electric Corporation (Japan)
KRANENDONK Production Systems BV (Netherlands)
Hyundai Heavy Industries Co. Ltd. (South Korea)
Samsung Heavy Industries Co. Ltd. (South Korea)
RB3D (France)
The Fanuc Corporation (Japan)
READY Robotics Corporation (The U.S.)
Report Coverage
The report offers treasured visions attained by detailed revision done by our scholars. All-encompassing research was directed to offer the projected size of this market. The data executed to display the shares for multiple segments at the national, local, and international levels are attained from exhaustive interviews with several participants. Additionally, we have achieved admittance to numerous global and regional paid databases to provide accurate information to make business speculation decisions effortless.
Segmentation
By Type
Articulated Robots
SCARA Robots
Cartesian Robots
Cylindrical Robots
Polar Robots
Collaborative Robots
By Application
Cutting
Welding
Painting
Assembly
Inspection
Others
By Geography
North America (By Type, Application, and Country)
U.S. (By Type)
Canada (By Type)
Europe (By Type, Application, and Country)
U.K. (By Type)
Germany (By Type)
France (By Type)
Russia (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Application, and Country)
Rest of the World (By Type, Application, and Sub-Region)
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/robotics-in-shipbuilding-market-103548
Drivers and Restraints
Augmented Practise of Robotics Technology to Fulfil Labour Gap Set to Boost Growth
The shipbuilding industry has been dependent on skilled laborers to accomplish responsibilities such as painting, soldering, and cutting, among others. Conservative approaches utilize a long time to accomplish the tasks. Therefore, shipbuilders are fixated on executing robot technology in order to decline the time as well as the price.
For example, Daewoo Shipbuilding & Marine Engineering applied a robotic arm called caddy, which weighed around 16 Kg to join steel parts. This robot facilitated Daewoo Shipbuilding to make savings roughly nearby USD 4.5 billion behind each vessel.
Shipbuilders are identifying the cost of progressive automation and are preventing people from doing unsafe and repetitive chores. Besides, robot technology is extremely resourceful and evidences fulfilling the labor gap in the shipbuilding sector.
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 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.
Competitive Landscape
Key Players Invest in Robot Manufacturing to Attain Reasonable Authority in Market
Key players such as Hyundai Heavy Industries Co. Ltd. is a chief shipbuilding company that is concentrated on creating robotic solutions to reduce manufacturing charges.
For instance, in 2017, Hyundai Heavy Industries Co. Ltd. declared to set up its units into distinct companies. The robotics division was created into a distinct holding company called Hyundai Robotics, which would be completely concentrating on robotic technology.
Additional vital players are financing the research and development of progressive robotic technology by implementing artificial intelligence (AI), the Internet of Things (IoT), and augmented reality (AR).
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/robotics-in-shipbuilding-market-103548
Detailed Table of Content:
Introduction
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Supply Chain Analysis
TOC Continued!
Speak to Our Expert:
Key Industry Development
October 2020: Daewoo Shipbuilding & Marine Engineering (DSME) designed and created an A.I.-based hot processing automated machine named Goknuri. This robot applies artificial intelligence (AI) and big data to generate superior quality goods with the supervision of lesser skilled labors. The data extracted is valuable for the production of other ships as well.
Have a Look at Related Research Insights:
Industrial Automation Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware (Sensors; PLC; HMI; Servo; Motor; Drive; Laser Markers; Safety Light Curtain; Robots), and Software), By Industry (Discrete Industry (Automotive; Electronics; Heavy Manufacturing; Packaging), and Process Industry (Oil & Gas; Chemicals; Pulp & Paper; Mining and Metals; Health Care), and Regional Forecast, 2021-2028
Industrial Robots Market Size, Share & COVID-19 Impact Analysis, By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel and Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, and Others), By Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, and Others), and Regional Forecast, 2021-2028
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Original post:
- Brief: NVIDIA's venture arm invests in autonomous weeding startup Carbon Robotics - AgFunderNews - May 11th, 2024 [May 11th, 2024]
- 7 Robotics Stocks to Bet On for Reliable AI-Powered Returns - InvestorPlace - May 11th, 2024 [May 11th, 2024]
- NSF and USDA join forces to boost innovation in agricultural robotics - Future Farming - May 11th, 2024 [May 11th, 2024]
- Meet The Swiss Start-Up Taking On The Tech Giants In Robotics And AI - Forbes - May 11th, 2024 [May 11th, 2024]
- LimX Dynamics' W1 robot can stand, walk and roll on its hind 'legs' - Interesting Engineering - May 11th, 2024 [May 11th, 2024]
- Lear Corporation's acquisition showcases the industry's use of robotics and AI for efficiency and innovation - CBT Automotive News - May 11th, 2024 [May 11th, 2024]
- OMRON and NEURA Robotics Partner to Unveil New Cognitive Robot at Automate 2024 - Automation.com - May 11th, 2024 [May 11th, 2024]
- Community briefs: Ravenswood robotics at world championship, Bike to the Library Day - The Almanac Online - May 11th, 2024 [May 11th, 2024]
- JCHS Robotics shimes at VEX World Competition | Community News - The Tomahawk - May 11th, 2024 [May 11th, 2024]
- Carbon Robotics to Help Revolutionize Farming with AI, Using Investment from NVentures - Business Wire - May 11th, 2024 [May 11th, 2024]
- Nvidia's DrEureka outperforms humans in training robotics systems - VentureBeat - May 11th, 2024 [May 11th, 2024]
- Humanoid Robots: The Next-Generation Robotic Workforce - Tech Briefs - May 11th, 2024 [May 11th, 2024]
- PHOTOS Motiva helping fund Port Arthur ISD robotics and engineering - Port Arthur News - The Port Arthur News - May 11th, 2024 [May 11th, 2024]
- Kiwanis Club of Miami helps fund McMillan MS robotics team trip - Miami's Community Newspapers - May 11th, 2024 [May 11th, 2024]
- The Interplay Between Robotics and Artificial Intelligence in Manufacturing | RoboticsTomorrow - Robotics Tomorrow - May 11th, 2024 [May 11th, 2024]
- Doosan Robotics releases its longest reach cobots with PRIME SERIES - Robot Report - May 11th, 2024 [May 11th, 2024]
- KION North America and Fox Robotics Announce Non-Exclusive Strategic Partnership - Automation.com - May 11th, 2024 [May 11th, 2024]
- Ag tech startup Carbon Robotics lands Nvidia investment - The Business Journals - May 11th, 2024 [May 11th, 2024]
- Mars Robotics offers chance to drive Mars rover on Saturday - Butler Eagle - May 11th, 2024 [May 11th, 2024]
- Comparative analysis of robot-assisted language learning systems and human tutors in English conversation lessons - EurekAlert - May 11th, 2024 [May 11th, 2024]
- Valencia College to more than double students training in semiconductors, robotics and optics - The Business Journals - May 11th, 2024 [May 11th, 2024]
- DeepMind is experimenting with a nearly indestructible robot hand - New Scientist - May 11th, 2024 [May 11th, 2024]
- Five Things to Consider Before Adopting Robotics for Warehouse Automation - Automation.com - May 11th, 2024 [May 11th, 2024]
- Nvidia and Alphabet's Intrinsic aim to revolutionize next-gen robotics - VentureBeat - May 11th, 2024 [May 11th, 2024]
- NVIDIA and Alphabet's Intrinsic Put Next-Gen Robotics Within Grasp - Automation.com - May 11th, 2024 [May 11th, 2024]
- STEM robotics team celebrates 10 years and remembers hero who saved lives - Denver 7 Colorado News - May 11th, 2024 [May 11th, 2024]
- Zero-shot learning helps Intrinsic pave the future for robotics - FierceElectronics - May 11th, 2024 [May 11th, 2024]
- EN robotics team demonstrates real-world learning | News Sun | kpcnews.com - KPCnews.com - May 11th, 2024 [May 11th, 2024]
- Future Innovators Challenged to Design Nuclear Fission and Fusion Decommissioning Robots - Automation.com - May 11th, 2024 [May 11th, 2024]
- Meet Pepper and Bernard: The robots shaping AI research at SDSU - Daily Aztec - May 11th, 2024 [May 11th, 2024]
- Gene Haas Foundation Partner Hosts FIRST Robotics District Competitions - Kettering University - May 5th, 2024 [May 5th, 2024]
- NASA Showcases Innovations at the 2024 FIRST Robotics World Championships - NASA - May 5th, 2024 [May 5th, 2024]
- Robots are invading the San Carlos Branch Library - San Diego Community Newspaper Group - May 5th, 2024 [May 5th, 2024]
- Wyoming-Based Company Makes High-Tech Robots To Go Where Humans Don't Want To - Cowboy State Daily - May 5th, 2024 [May 5th, 2024]
- Anzu Robotics launches U.S.-based clone of DJI Mavic 3 - Robot Report - May 5th, 2024 [May 5th, 2024]
- Carnegie Mellon University's Robotics Institute begins developing drones to fight wildfires - CBS Pittsburgh - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - MSN - May 5th, 2024 [May 5th, 2024]
- Hopkinton teams advance to Robotics World Championships - Hopkinton Independent - May 5th, 2024 [May 5th, 2024]
- "Big Cat Robotics" team from Wellsville returns from VRC World Championship - THE WELLSVILLE SUN - THE WELLSVILLE SUN - May 5th, 2024 [May 5th, 2024]
- PropStream-Sponsored Robotics Team Places in Competition - RisMedia.com - May 5th, 2024 [May 5th, 2024]
- Bellefontaine Robotics Team Travels to World Championship Peak of Ohio - peakofohio.com - May 5th, 2024 [May 5th, 2024]
- ASL Aviation Holdings Inks Deal with Reliable Robotics for 30 Aircraft Autonomy Systems - Business Wire - May 5th, 2024 [May 5th, 2024]
- Global Nano Robotics Market Projected to Surge to US$ 19.86 Billion by 2032: Healthcare Trends Catalyzing Nano ... - GlobeNewswire - May 5th, 2024 [May 5th, 2024]
- 'Afghan Dreamers' | Film about Afghan girls robotics team to be screened on May 15 - Piedmont Exedra - May 5th, 2024 [May 5th, 2024]
- 3 Robotics Stocks That Could Be Multibaggers in the Making: Spring Edition - InvestorPlace - May 5th, 2024 [May 5th, 2024]
- The Rise of the Navy Robots - Signal Magazine - May 5th, 2024 [May 5th, 2024]
- Elon Musk Keeps Talking About the Future of Robotics With Optimus, but This Phenomenal Growth Stock Has Already ... - The Motley Fool - May 5th, 2024 [May 5th, 2024]
- Robosen Robotics Teams Up with Hasbro to Debut the Worlds First Auto-Converting Decepticon Megatron! - aNb Media - May 5th, 2024 [May 5th, 2024]
- John P. Stevens Robotics Team Wins Excellence in Technology at Innovators Awards - TAPinto.net - May 5th, 2024 [May 5th, 2024]
- Nala Robotics and Re-Up partner to develop AI-powered robotic chef - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- LCSD1 to Host Final Robotics Competition of the School Year Tomorrow - The Cheyenne Post - May 5th, 2024 [May 5th, 2024]
- GMV showcases its robotic inspection capabilities Robotics & Automation News - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Trine's armored robot finishes 4th in national combat - Trine University - May 5th, 2024 [May 5th, 2024]
- Female robotics founders discuss their journeys in the industry - Robot Report - May 5th, 2024 [May 5th, 2024]
- Hanwha Robotics, B-Robotics join hands on restaurant automation project - Aju Press - May 5th, 2024 [May 5th, 2024]
- Dishchii'bikoh Community School Robotics Team Heads to VEX World Championship - White Mountain Independent - May 5th, 2024 [May 5th, 2024]
- ETH unveils space-hopping robot for asteroid exploration - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Nickelytics and Starship release robots at UCLA and Utah universities - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Next-Level Robotics: Enhancing Accuracy with Advanced Multisensory Interfaces - AZoRobotics - May 1st, 2024 [May 1st, 2024]
- Death of Lake Orion teen on robotics trip determined to be suicide, Houston police say - Detroit News - May 1st, 2024 [May 1st, 2024]
- Niqo Robotics Raises $9 Million In Funding Round Led By Brida Innovation Ventures: Report - Outlook India - May 1st, 2024 [May 1st, 2024]
- Mission to 'Holy Grail of Shipwrecks' Will Employ Robotics - USNI News - May 1st, 2024 [May 1st, 2024]
- Kiwibot acquires Auto Mobility Solutions Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Untethered soft actuators for soft standalone robotics - Nature.com - May 1st, 2024 [May 1st, 2024]
- Robotics in the restaurant industry are here to stay: Carlos Gazitua - Fox Business - May 1st, 2024 [May 1st, 2024]
- It's time for UK business to embrace robotics - Design Products & Applications - May 1st, 2024 [May 1st, 2024]
- Meet the `One Percenters' - The Top Ranked Robotics Group from Franklin - Franklin Observer - May 1st, 2024 [May 1st, 2024]
- Atlas, forefather of humanoid robots, gives way to next generation - Marketplace - May 1st, 2024 [May 1st, 2024]
- BlueBotics releases new version of its server fleet management software - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- U.S. manufacturers invested heavily in robotics in 2023, finds IFR - Robot Report - May 1st, 2024 [May 1st, 2024]
- This is a unique time: ARK Invests chief futurist tackles tech innovation from AI to robotics - CNBC - May 1st, 2024 [May 1st, 2024]
- U.S. Companies Invest Heavily in Robots - IFR Preliminary Results EMSNow - EMSNow - May 1st, 2024 [May 1st, 2024]
- MiR launches new autonomous mobile forklift-type robot - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Rutland Area Robotics' IBOTS compete in FIRST World Championships finals for first time - Rutland Herald - May 1st, 2024 [May 1st, 2024]
- Micropsi Industries introduces new AI-vision software Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Robots on a Roll: The Future of Farming Is Here Now - Growing Produce - May 1st, 2024 [May 1st, 2024]
- Grand Force, Grand Forks' only FIRST Robotics team, returns from world championship with good memories - Grand Forks Herald - May 1st, 2024 [May 1st, 2024]
- Reston Robotics Team Wins National Competition At Tech Conference - Patch - May 1st, 2024 [May 1st, 2024]
- CapSen Robotics Introduces CapSen PiC 2.0 Bin-Picking Software - Supply and Demand Chain Executive - May 1st, 2024 [May 1st, 2024]
- Gecko Robotics and Al Masaood Energy Partner to Help ADNOC Gas Revolutionize Asset Operations and ... - Business Wire - May 1st, 2024 [May 1st, 2024]