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Robotics in Shipbuilding Market Size, Share and Forecast till 2028; the University of Limerick Unveils €2-Million Underwater Robot to Inspect Marine Renewable Energy Facilities, says Fortune Business Insights™

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Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) — The robotics in shipbuilding market size is set to gain impetus from the increasing need to accomplish various significant tasks, such as blasting, heavy lifting, and welding activities of marine propellers. In May 2020, for instance, Hyundai Heavy Industries declared that it will be the first company that will be using robotics in shipbuilding. It has completed testing a novel robotic system that will be able to shape the 3D curved surface of a vessel automatically. It will be done at the company’s shipyard in Ulsan. Fortune Business Insights™ published this information in an upcoming report, titled, “Robotics in Shipbuilding Market, 2021-2028.”Various companies are facing disturbances in production and reduced demand as workers are heading home because of the COVID-19 pandemic. It has also caused passengers to stop traveling. Customers are either canceling or postponing the delivery of new aircraft. Since less maintenance is required at present, the demand for spare parts has also declined rapidly. We are providing authentic research reports to help you fight this pandemic.
Major Segmentation-The market for robotics in shipbuilding is divided on the basis of system, type, application, and geography. By type, it is segregated into welding & cutting robotics, painting robotics, wearable robotics & exoskeletons, and collaborative robotics. Based on the system, it is fragmented into single robot system and dual robot system. By application, it is trifurcated into commercial exploration, defense & security, and scientific research.
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List of the Leading Companies Profiled in the Global Robotics In Shipbuilding Market:Daewoo Shipbuilding & Marine Engineering (South Korea)Hyundai Heavy Industries (South Korea)Hyundai Samho Heavy Industries (South Korea)Hyundai Mipo (South Korea)Imabari Shipbuilding (Japan)Mitsubishi Heavy Industries, Ltd. (Japan)Oshima Shipbuilding (Japan)Samsung Heavy Industries(South Korea)Other key market players
Report Coverage-This report includes in-depth information about robotics in the shipbuilding industry. The data present in it is associated with drastic changes in material usage, novel product launches, and technological advancements. It offers dynamics based on multiple factors, such as opportunities, challenges, drivers, and restraints. In addition to that, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size.
Drivers & Restraints-High Demand for Collaborative Robots to Accelerate GrowthThe rising demand for smaller robotic systems to weld parts of cargo ships is considered to be a major reason for the robotics in shipbuilding market growth in the near future. Apart from that, the high demand for collaborative robots worldwide would also propel growth. But, the lack of skilled workforce to handle robotics in shipbuilding may hinder growth.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/robotics-in-shipbuilding-market-103548
Regional Insights-Presence of Reputed Manufacturers in South Korea to Help Asia Pacific LeadGeographically, Asia Pacific is anticipated to be the fastest-growing region in the upcoming years because of the increasing shipbuilding stake of South Korea globally. A report by the United Nations Conference on Trade and Development (UNCTAD) mentions that South Korea and China account for approximately 76% of the global shipbuilding stake. Besides, the presence of prominent manufacturers of robotics in shipbuilding, such as Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering in South Korea would aid growth.Europe, on the other hand, is likely to register remarkable growth in the forthcoming years. This is attributable to the surging demand for goliath crane robotic systems and other industrial systems in France and the U.K.
Competitive Landscape-Key Players Focus on Creating Unique Robotics to Improve OperationsThe market for robotics in shipbuilding houses a large number of companies that are mainly focusing on the development of state-of-the-art robots to enhance operations and repair various parts of a ship. This way, they will also be able to generate more sales.
Below is one of the latest industry developments:April 2018: University of Limerick (UL) developed a novel underwater robot worth €2-million at the docks of Limerick city. The project was funded by the Science Foundation Ireland (SFI). It can easily operate in challenging tidal, waves, and wind conditions. It will be extensive used to inspect, maintain, and repair facilities of marine renewable energy.
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/robotics-in-shipbuilding-market-103548
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.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs

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