Robotics in Shipbuilding Market Value to Reach USD 1.85 Billion by 2030; Adoption of Automation to Streamline Shipbuilding Operations Will Boost Market

The global robotics in shipbuilding market size touched USD 1.26 billion in 2022 and is predicted to reach USD 1.32 billion in 2023. The market is anticipated to touch USD 1.85 billion by 2030, recording a CAGR of 4.9% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Robotics in Shipbuilding Market Size, Share & COVID-19 Impact Analysis, By Type (Articulated Robot, Cartesian Robot, SCARA Robot, Cylindrical Robot, and Others), By Application (Handling, Welding, Assembling, Inspection, and Others), By Lifting Capacity (Less than 500 kg, 500 to 1000 kg, and Over 1000 kg), and Regional Forecast, 2023-2030”.

The demand for automated robots has grown tremendously across the shipping industry in recent years as they can help shipbuilders carry out the shipbuilding operations smoothly and accurately. Robotic solutions are finding strong use in many applications such as cutting & machining, welding, inspection, and painting tasks. The use of robotics has completely transformed the shipbuilding sector as it has greatly improved workers’ safety and the productivity of shipyards. These advantages are prompting more shipbuilding companies to adopt robotic solutions, thereby augmenting the robotics in shipbuilding market growth.

COVID-19 Outbreak Adversely Impacted Ship Production, Slumped Market Growth

The COVID-19 pandemic had a severe impact on the shipbuilding industry as the demand for ships witnessed a dramatic drop during this period. Like many other sectors, this sector also had to incur severe losses due to decline in their revenue margins. Many shipbuilding companies, raw material suppliers, and shipyards were forced to shut down their operations, which hampered the demand for and production of ships. This factor had a negative influence on the market’s progress.

Adoption of Automation to Streamline Shipbuilding Operations will Boost Market

Shipbuilding companies are understanding the immense potential automation has in transforming the shipping industry and are investing heavily in such technologies to automate various operations. These include welding, material handling, cutting, and painting jobs to save production time and money. Many leading market players have already started using welding robots to decrease the time required to weld complex parts and save the overall manufacturing costs of ships. Robotics can also help shipbuilders streamline their operations by automating monotonous tasks. This will result in higher efficiency, productivity, and better worker safety. Such advantages are set to drive the adoption of robotics in shipbuilding operations.

To get a detailed report summary and research scope of this market, click here:

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

Competitive Landscape

Companies to Increase Investments in Robotic Technologies to Retain Top Market Position

The global robotics in shipbuilding market is highly competitive as it has a strong presence of some of the most renowned companies. These include Kuka, Kawasaki Robotics, ABB, KHI, and Epson, among many others. These companies are taking various initiatives to expand their repair, maintenance, and shipbuilding capacities and services as the demand for robots has skyrocketed, especially after the COVID-19 pandemic period. They are also realizing the benefits associated with incorporating robotics in their daily operations and increasing their investments in this technology to boost their operational efficiency. It will help them retain their top position in the market.

Notable Industry Development:

• October 2022 – Sarcos announced that it had conducted USN field trials at the Ventura County Naval Station, California, using the Guardian DX remote operator robot, the Sapien 6M dexterous robot, the Sapien Sea Class underwater robot, and the Guardian remote visual inspection robot.

List of the Companies Profiled in the Report:

• ABB (Switzerland)
• The Fanuc Corporation (Japan)
• Comau (Italy)
• Yaskawa America, Inc. (U.S.)
• Kuka AG (Germany)
• Sarcos Technology And Robotics Corp. (U.S.)
• Epson (Japan)
• Universal Robots (Denmark)
• Kawasaki Robotics (Japan)
• Stäubli International AG (Switzerland)

Further Report Findings

• North America captured the largest robotics in shipbuilding market share in 2022 and is predicted to continue its dominance in the global market in the coming years. One of the major factors contributing to the regional market’s growth is the rising number of shipbuilding activities and heavy investments in advanced technologies to boost efficiency and safety.
• The Asia Pacific market is also anticipated to showcase the highest CAGR in the global market during the forecast timeframe. Key players across the regional market are boosting their investments in the expansion of ship repair and manufacturing facilities. They are also investing heavily in increasing their shipbuilding capabilities to cater to the growing demand for ships. The countries that are using robotics and automation across their shipyards on a large scale include Japan, China, and South Korea. This factor makes these nations the major contributors to the market’s growth in Asia Pacific.
• The handling segment is dominating the market and is predicted to record the highest CAGR during the forecast period. Many companies are integrating automated solutions into their shipyard facilities as they have realized that doing so can greatly improve the safety of material handling processes. These automated processes can also boost productivity, and workers’ safety in the shipbuilding industry. Since concerns regarding safety are on the rise, the segment is predicted to dominate the market in the coming years.

Table of Segmentation