Robotic Welding Market worth $11.7 billion by 2026 - Exclusive Report by MarketsandMarkets
Robotic Welding Market with COVID-19 Impact Analysis by Type (Spot Welding Robots, Arc Welding Robots), Payload (>150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 2026 , published by MarketsandMarkets
, the market size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. Ongoing penetration of 5G in industrial manufacturing and principles and the increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market.
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SKKU and Hyundai Robotics have signed an industry-academic cooperation business agreement to develop the national robot industry and lead smart manufacturing innovation on April 9 (Friday). The agreement ceremony and technology exchange seminar were also held on the same day at Sungkyunkwan University – Natural Sciences Campus.
Through this agreement, the two organizations plan to become a global leader in the robot industry by establishing R&D cooperation system for next-generation robot technology development, building Hyundai Robotics Education Research Center, and operating an industry-academic cooperation curriculum to cultivate intelligent robot development professionals.
Dong-Ryeol Shin, president of SKKU, said “I am pleased to be able to promote education and research with the best company in the robot industry for the goal of developing the robot industry, which is the core of smart manufacturing innovation.”
Enterprise AI solution provider, MakinaRocks (
http://makinarocks.ai) announced the signing of a memorandum of understanding (MOU) with Hyundai Robotics on January 14, regarding the cooperation of the two companies in developing AI-based anomaly detection for industrial robot arms.
Recently named a 2020 Emerging AI+X TOP 100 company by PwC (Pricewaterhouse Coopers) and the AIIA (Artificial Intelligence Industry Association), MakinaRocks develops anomaly detection and control & optimization solutions for the industrial sector based on deep learning & reinforcement learning. The Seoul and Silicon Valley-based startup is currently partnered with global conglomerates in semiconductor, battery, and energy industries.
Hyundai Robotics, the leading industrial robotics company in South Korea, focuses on robots used in automobile and semiconductor industries. With their accumulated technology and research, the company is pushing to diversify their business to constructio
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SEOUL, South Korea, Jan. 14, 2021 /PRNewswire/ Enterprise AI solution provider, MakinaRocks (
http://makinarocks.ai) announced the signing of a memorandum of understanding (MOU) with Hyundai Robotics on January 14, regarding the cooperation of the two companies in developing AI-based anomaly detection for industrial robot arms.
Dae-gyu Yoon (left), Managing Director of Hyundai Robotics, and Andre Yoon (right), co-CEO of MakinaRocks, signed a memorandum of understanding (MOU) to advance AI-based industrial robot arm anomaly detection.
Recently named a 2020 Emerging AI+X TOP 100 company by PwC (Pricewaterhouse Coopers) and the AIIA (Artificial Intelligence Industry Association), MakinaRocks develops anomaly detection and control & optimization solutions for the industrial sector based on deep learning & reinforcement learning. The Seoul and Silicon Valley-based startup is currently partnered with global conglomerates in semiconductor, battery, an