Robotics In Shipbuilding Market Overview
As per MRFR analysis, the Robotics In Shipbuilding Market Size was estimated at 5.03 (USD Billion) in 2022. The Robotics In Shipbuilding Market Industry is expected to grow from 5.91(USD Billion) in 2023 to 25.2 (USD Billion) by 2032. The Robotics In Shipbuilding Market CAGR (growth rate) is expected to be around 17.49% during the forecast period (2024 - 2032).
Key Robotics In Shipbuilding Market Trends Highlighted
The shipbuilding robotics market is projected to witness substantial growth in the coming years, driven by increasing automation, efficiency, and safety concerns within the shipbuilding industry. The adoption of advanced technologies such as AI and IoT in robotics is further enhancing their capabilities, leading to increased productivity and cost-effectiveness. Key market drivers include the need for efficient and optimized shipbuilding processes, coupled with growing demand for specialized vessels and advanced autonomous systems. Moreover, the rise of smart shipyards and the integration of digital technologies are creating significant opportunities for robotics in shipbuilding. Key trends include the development of collaborative robots, remote-controlled systems, and autonomous welding and painting technologies, transforming the industry's traditional practices and unlocking new possibilities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics In Shipbuilding Market Drivers
Advancements in Robotics Technology
One of the primary factors driving the growth of the market for robotics in the shipbuilding industry is the sophistication and development of robotics technology. With the advancement and reduction in the cost of robotics technology, shipbuilders are way more optimistic toward these technological innovations. In the entire gamut of shipbuilding activities, robots can be utilized in welding, painting, assembly and even inspection. Such developments can translate to savings and better output for shipbuilders. Most importantly, the development of new robotic technologies like collaborative robots and autonomous mobile robots will help the robots work with the human workforce.
This is further increasing the adoption of robotics in the shipbuilding industry. Some of the key trends include the increased use of collaborative robots: Collaborative robots, or cobots, are robots that can be used in close proximity to humans without safety risks. Because of this, they are useful for processes like assembly and inspection, which shift between human and robot usage.
Exploring AMRs With Their Characteristics: Autonomous Mobile Robots (AMRs) are machines that are able to understand their environment and navigate it independently. In this regard, AMRs could come in handy in the mobility of materials and other supplies in the shipyard. On the other hand, there are now many applications of AI that are being integrated into the development of various robotic applications. As an illustration, the use of AI in robotics broadens the scope of the operation that can be done by a robot such as welding or painting.
Thus leading to increased efficiency and quality during the shipbuilding process. For the foreseeable future, incorporating sophisticated robotics technology will likely be a major factor in the expansion of the Robotics In Shipbuilding Market Industry.
the i Rising Demand for New Ships
The rising demand for new ships is another major driver of growth in the Robotics In Shipbuilding Market Industry. The shipping industry is growing rapidly, and this is leading to increased demand for new ships. This demand is being driven by a number of factors, including Growth in trade. The trade is growing rapidly, and this is leading to increased demand for ships to transport goods. Expansion of the shipbuilding industry: The shipbuilding industry is expanding, and this is leading to increased demand for ships.Growth in the cruise industry: The cruise industry is growing rapidly, and this is leading to increased demand for new cruise ships. The rising demand for new ships is expected to continue to be a major driver of growth in the Robotics In Shipbuilding Market Industry in the coming years.
Government Support for Robotics in Shipbuilding
Government support for robotics in shipbuilding is another major driver of growth in the Robotics In Shipbuilding Market Industry. Governments around the world are providing financial and other support to encourage the adoption of robotics in the shipbuilding industry. This support is being provided in a number of ways, including: Grants and subsidies: Governments are providing grants and subsidies to shipbuilders who invest in robotics technology. Tax incentives: Governments are providing tax incentives to shipbuilders who invest in robotics technology. Technical assistance: Governments are providing technical assistance to shipbuilders who are looking to adopt robotics technology. Government support for robotics in shipbuilding is expected to continue to be a major driver of growth in the Robotics In Shipbuilding Market Industry in the coming years.
Robotics In Shipbuilding Market Segment Insights
Robotics In Shipbuilding Market Application Insights
The Robotics In Shipbuilding Market is segmented by Application into Welding, Cutting, Assembly, Painting, Inspection and Maintenance. The Welding segment is expected to hold the largest market share of around 27.6% in 2024, owing to the increasing adoption of welding robots for automated welding processes in shipbuilding. Cutting robots are also gaining popularity due to their high precision and speed and are expected to grow at a CAGR of 18.2% during the forecast period. Assembly robots are used for tasks such as component assembly and material handling and are expected to witness a steady growth in demand over the coming years. Painting robots are used to apply paint and coatings on ships and are expected to grow at a CAGR of 16.5% during the forecast period. Inspection and Maintenance robots are used for tasks such as hull inspection, maintenance, and repair and are expected to grow at a CAGR of 15.8% during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics In Shipbuilding Market Robot Type Insights
Collaborative robots, autonomous robots, and semi-autonomous robots are the three main types of robots used in shipbuilding. Collaborative robots are designed to work alongside human workers, while autonomous robots can operate independently. Semi-autonomous robots require some human input to operate. Collaborative robots are expected to account for the largest share of robotics in shipbuilding market in 2023, with a market share of around 40%. This is due to their ability to work safely alongside human workers and their relatively low cost. Autonomous robots are expected to account for the second-largest share of the market, with a market share of around 30%. This is due to their ability to operate independently, which can lead to increased efficiency and productivity. Semi-autonomous robots are expected to account for the remaining market share.
Robotics In Shipbuilding Market Size Insights
The market growth is attributed to the increasing demand for automation in shipbuilding processes, rising adoption of robotics for welding, cutting, and painting tasks, and growing investments in advanced shipbuilding technologies. In terms of size, the market is segmented into small and medium-sized robots and large robots. Small and medium-sized robots are expected to hold a larger market share during the forecast period due to their affordability, versatility, and ease of integration into existing shipbuilding processes. These robots are primarily used for tasks such as welding, cutting, and painting. On the other hand, large robots are expected to witness significant growth due to their ability to handle heavier payloads and perform more complex tasks. These robots are typically used for tasks such as assembly, material handling, and inspection.
Robotics In Shipbuilding Market End-Use Industry Insights
The Robotics In Shipbuilding Market is segmented into Shipyards, Offshore Construction, and Ship Repair and Maintenance. Among these segments, Shipyards is expected to hold the largest market share in 2023 and is projected to grow at a CAGR of 17.49% during the forecast period. The growth of this segment can be attributed to the increasing adoption of robotics in shipyards for tasks such as welding, assembly, and painting. The growth of this segment can be attributed to the increasing demand for robotics in offshore construction projects, such as the installation of offshore wind turbines and oil and gas platforms. The growth of this segment can be attributed to the increasing demand for robotics in ship repair and maintenance activities, such as hull cleaning and painting.
Robotics In Shipbuilding Market Regional Insights
The regional landscape of the Robotics In Shipbuilding Market segmentation exhibits distinct growth trajectories across various regions. North America, driven by technological advancements and early adoption of robotics, holds a significant market share. Europe, with its established shipbuilding industry and government initiatives, is poised for steady growth. APAC, led by China and South Korea's shipbuilding prowess, is expected to witness substantial market expansion. South America and MEA, while having smaller market sizes, present opportunities for future growth due to increasing investments in infrastructure and shipbuilding.By 2024, the Robotics In Shipbuilding Market revenue is projected to surpass USD 7.2 billion, with a significant contribution from the aforementioned regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics In Shipbuilding Market Key Players And Competitive Insights
Major players in the Robotics In Shipbuilding Market industry are constantly striving to gain a competitive advantage by developing innovative products and solutions. Leading Robotics In Shipbuilding Market players are investing heavily in research and development to stay ahead of the curve and maintain their market position. The Robotics In Shipbuilding Market development is being driven by the increasing demand for automation and efficiency in the shipbuilding process. Robotics In Shipbuilding Market Competitive Landscape is expected to witness intense competition in the coming years as new entrants and established players vie for market share.
A prominent player in the Robotics In Shipbuilding Market is KUKA AG, a German multinational corporation specializing in robotics and automation solutions. KUKA offers a range of robotic systems and solutions tailored to the shipbuilding industry, including welding, assembly, and material handling applications. The company has a strong presence with manufacturing facilities and sales offices in over 50 countries. KUKA's commitment to innovation and customer satisfaction has earned it a reputation as a reliable and trusted partner in the shipbuilding industry.
Another key player in the Robotics In Shipbuilding Market is ABB Ltd, a Swiss-Swedish multinational corporation specializing in robotics, power, heavy electrical equipment, and automation technologies. ABB offers a comprehensive portfolio of robotic systems and solutions for the shipbuilding industry, covering applications such as welding, cutting, painting, and assembly. The company has a strong presence with operations in over 100 countries. ABB's focus on providing integrated solutions and its commitment to customer service has made it a preferred choice for shipbuilders worldwide.
Key Companies in the Robotics In Shipbuilding Market Include
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Fanuc Robotics
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NachiFujikoshi Corp.
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Samsung Heavy Industries Co., Ltd.
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China State Shipbuilding Corporation Limited
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Shanghai Waigaoqiao Shipbuilding Co., Ltd.
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Atlas Copco AB
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Kawasaki Heavy Industries, Ltd.
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Thyssenkrupp AG
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Hyundai Heavy Industries Co., Ltd.
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Daewoo Shipbuilding Marine Engineering Co., Ltd.
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Yaskawa Electric Corporation
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Stäubli International AG
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Mitsubishi Electric Corporation
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KUKA AG
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ABB
Robotics In Shipbuilding Market Industry Developments
The Robotics in Shipbuilding Market is projected to grow from USD 5.91 billion in 2024 to USD 25.2 billion by 2032, exhibiting a CAGR of 17.49% during the forecast period. The market is driven by the increasing demand for automation and efficiency in the shipbuilding industry. Major players in the market include ABB, KUKA, Kawasaki Heavy Industries, and Fanuc. Recent news developments include the launch of a new line of collaborative robots by ABB specifically designed for the shipbuilding industry. Furthermore, the growing adoption of digital technologies such as AI and IoT is expected to further drive market growth in the coming years.
Robotics In Shipbuilding Market Segmentation Insights
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Report Attribute/Metric
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Details
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Market Size 2022
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5.03(USD Billion)
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Market Size 2023
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5.91(USD Billion)
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Market Size 2032
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25.2(USD Billion)
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Compound Annual Growth Rate (CAGR)
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17.49% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Fanuc Robotics, Nachi-Fujikoshi Corp., Samsung Heavy Industries Co., Ltd., China State Shipbuilding Corporation Limited, Shanghai Waigaoqiao Shipbuilding Co., Ltd., Atlas Copco AB, Kawasaki Heavy Industries, Ltd., Thyssenkrupp AG, Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding Marine Engineering Co., Ltd., Yaskawa Electric Corporation, Stäubli International AG, Mitsubishi Electric Corporation, KUKA AG, ABB
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Segments Covered
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Application, Robot Type, Size, End-Use Industry, Regional
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Key Market Opportunities
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1 Increased efficiency reduced costs2 Improved safety enhanced precision3 Reduced labor dependency automated workflows4 Expanded shipbuilding capacity faster turnaround5 Enhanced design capabilities optimized vessel performance
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Key Market Dynamics
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Growing adoption of automationIncreasing demand for efficiencyGovernment initiatives for shipbuildingTechnological advancements in roboticsRising labor costs
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Robotics in Shipbuilding market is projected to reach a valuation of USD 5.91 billion in 2023.
The Robotics in Shipbuilding market is anticipated to grow at a CAGR of 17.49% from 2024 to 2032.
Key drivers of the Robotics in Shipbuilding market include the rising need for increased productivity, precision, and efficiency in shipbuilding processes, as well as the growing adoption of automation and digitalization in the industry.
Robotics in shipbuilding find applications in various processes, such as welding, cutting, painting, assembly, and inspection, among others.
Key competitors in the Robotics in Shipbuilding market include ABB, Kawasaki Heavy Industries, Ltd., Mitsubishi Heavy Industries, Ltd., and Yaskawa Electric Corporation, among others.
The Asia-Pacific region is expected to hold a significant market share in the Robotics in Shipbuilding market, driven by the presence of major shipbuilding hubs in countries like China, Japan, and South Korea.
Challenges faced by the Robotics in Shipbuilding market include the high cost of implementation, the need for skilled labor to operate and maintain robotic systems, and the potential displacement of human workers.
Emerging trends in the Robotics in Shipbuilding market include the adoption of collaborative robots, the integration of artificial intelligence (AI) and machine learning (ML) technologies, and the development of autonomous shipbuilding processes.
The COVID-19 pandemic had a moderate impact on the Robotics in Shipbuilding market, causing temporary disruptions in supply chains and project timelines. However, the long-term outlook for the market remains positive.
Future growth opportunities in the Robotics in Shipbuilding market lie in the expansion of robotic applications to new areas, such as underwater welding and inspection, as well as the development of more sophisticated and intelligent robotic systems.
