Robotic Welding Market: Breakthrough and Forecast by 2028 - PowerPoint PPT Presentation

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Robotic Welding Market: Breakthrough and Forecast by 2028

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Title: Robotic Welding Market: Breakthrough and Forecast by 2028


1
Robotic Welding Market Breakthrough Forecast
Automation 03, November 2022 Automation has
disrupted the industrial sector by drastically
changing production techniques and reducing the
overall time and cost spent. As a result, robotic
welding technology is becoming increasingly
popular across automotive, metal machinery,
electronics, and other industries. According to
the experts at Triton Market Research, the Global
Robotic Welding Market will advance with a CAGR
of 7.35 over the forecast period,
2022-2028. Welding robots can perform
complicated tasks and provide superior
output quicker than human workers. They are
developed by combining welding, robotics,
artificial intelligence, control systems, and
sensor technology. These robots operational
excellence, along with increased productivity,
contribute to their demand. Industry 4.0
Implementation bolsters Welding Robot
Deployment Industry 4.0 has revolutionized
the manufacturing sector by equipping it
with advanced technology, thus leading to
enhanced productivity, flexibility,
quality, and speed. Manufacturers are now
shifting towards the adoption of intelligent and
networked Industry 4.0-compatible robots
incorporated with wireless connectivity,
sensors, and a centralized control system.
2
Additionally, players in the robotic welding
market are also focusing on introducing
such solutions to the market. For instance,
in March 2020, Roboteco Italargon developed
a robotic welding cell for its client
Steel Tech, to increase production and
ensure interconnection within all stages of
the manufacturing process. The cell is
comprised of a TIG arc welding solution and an
Industry 4.0 kit to enable easy data exchange for
efficient interconnection. Automotive
Transportation Sector Leads the Way The
automotive transportation sector is the leading
industry vertical in the robotic welding market,
which accounted for the highest revenue share of
4172.27 million in the segment in 2021. The
rising demand for vehicles and efficient
infrastructure has compelled the automotive
transportation sector to enhance production and
construction activities. Being at the forefront
of embracing technological innovations, it has
largely adopted robotic welding arms to boost the
accuracy and speed of the vehicle-building
process. In fact, from 2018 to 2023, the use of
welding robots in this sector increased with a
CAGR of 8.91. What makes the Asia-Pacific a
leader in the Global Market? The Asia-Pacific
robotic welding market is the leading
region globally. It accounted for 8767.11
million in 2021 and is estimated to gain 7985.35
million by 2028. According to the International
Federation of Robotics (IFR) , Asia accounted for
71 of all newly deployed industrial robots
in 2020, with 168,400 units installed in
China itself. Moreover, India, China,
Japan, and South Korea are among the
leading automobile manufacturers in the world.
The presence of a robust automotive industry has
enhanced the adoption of welding robots in the
Asia-Pacific. Besides, Japan is home to several
leading market players, including Yaskawa
Electric Corp, Hyundai Motor, Nachi-Fujikoshi
Corp, Kawasaki Heavy Industries Ltd, and
others, which are focused on devising
growth-driven strategies. For instance, in March
2022, Nachi- Fujikoshi Corp launched its MZ F
series comprising high-speed and high-precision
robots, driven by the need to tackle labor
shortage. Further, in July 2022, Daihen
Corporation developed a new welding arc called
Plasma Jet TIG, which is optimal for joining main
components such as stator coils of motors used in
electric vehicles. Also, in August 2022, Yaskawa
Electric Corp launched its new lineup of
Motoman-HC30PL welding robots, with a
30 kg payload capacity for palletizing
applications. Along with these factors, the
implementation of major manufacturing
initiatives such as Made in China 2025
and Make in India is expected to aid
the adoption of robotic welding systems, thus
positioning the regions market on a growth
path. Capitalizing Future Tech
3
Currently, operators are required to program
welding robots before deploying them for a
process. However, with advancements in
technology, they may only need to think about the
desired task to be performed by the robot. In
February 2019, researchers at the University of
Illinois Urbana-Champaign developed an
EEG-based cap that converts brain waves
into operational instructions for robotic welding
arms. If used for industrial applications, this
breakthrough development could eliminate the
need for computer programming and also reduce the
time taken for training the personnel. Though the
complete development and adoption of such
mind-controlled robots may still take several
years, it creates positive prospects for the
future of the global robotic welding
market. FAQs Q 1) Which region is expected to
show the fastest growth in the global
market? North America is expected to grow the
fastest in the global market, with a CAGR of
8.99 during the forecast period. Q 2) Which are
the different types of welding covered in the
market report? The global robotic welding market
by welding type includes spot, plasma, arc (TIG,
MIG), laser, and other welding types. Q 3) What
is a key challenge in the path of market
growth? The high costs for installing and
maintaining welding robots are a key market
challenge hindering their adoption
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