Global Digital Shipyard Market Segments 2024, Forecast To 2033
5 Mar, 2024
The digital shipyard market has experienced exponential growth, rising from $1.21 billion in 2023 to $1.45 billion in 2024, reflecting a CAGR of 20.1%. The historic period growth is attributed to efficiency and cost optimization in shipbuilding, globalization of the shipbuilding industry, regulatory compliance, documentation management, and the rising complexity in ship design and construction. The market size is anticipated to reach $2.96 billion in 2028, with a CAGR of 19.6%. The forecast period will be characterized by integration with IoT and connectivity solutions, a focus on environmental sustainability, collaboration and supply chain integration, a rise in demand for ship repair and maintenance, and digital twin technology and simulation.
Global Digital Shipyard Market Key Driver
The digital shipyard market is anticipated to grow with the expansion in worldwide trade and tourism activities via ships. The United Nations Conference on Trade and Development reported an expected 3.2% increase in shipments in 2021, reaching 11 billion tonnes. The growth in global trade and tourism activities contributes to the demand for effective shipbuilding and maintenance solutions, driving the digital shipyard market.
Get A Free Sample Of The Global Digital Shipyard Market ReportGlobal Digital Shipyard Market Segments
The digital shipyard market covered in this report is segmented –
1) By Shipyard Type: Commercial, Military
2) By Technology: AR/VR, Digital Twin And Simulation, Addictive Manufacturing, Artificial Intelligence And Big Data Analytics, Robotic Process Automation, Industrial Internet of Things (IIoT), Cybersecurity, Block Chain, Cloud And Master Data Management
3) By Prcoess: Research And Development, Design And Engineering, Manufacturing And Planning, Maintenance And Support
4) By Capacity: Large Shipyard, Medium Shipyard, Small Shipyard
5) By End-Use: Implementation, Upgrades And Services
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the digital shipyard market in 2023. Asia-Pacific is expected to be the fastest-growing region in the digital shipyard market report during the forecast period. The regions covered in the digital shipyard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Digital Shipyard Industry Players
Altair Engineering Inc.; BAE Systems plc; Dassault Systèmes SE; IFS WORLD OPERATIONS AB; Accenture plc; Aras Corporation; Bureau Veritas SA; Cadmatic Oy; Damen Shipyards Group; Hexagon AB; iBASEt LLC; Inmarsat Global Limited; Kranendonk Production Systems BV; KUKA Aktiengesellschaft; Navantia S.A.; Pemamek Oy; Siemens Energy AG; AVEVA Group plc; Kreyon Systems Pvt. Ltd.; PROSTEP AG; Wärtsilä Oyj Abp; ABB Ltd.; Honeywell International Inc.; Emerson Electric Co.; Schneider Electric SE; Rockwell Automation Inc.; General Electric Company; IBM Corporation; Oracle Corporation; Microsoft Corporation; Google LLC; Amazon Web Services Inc.; Cisco Systems Inc.
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AIOps Digital Shipyard Market Overview
A digital shipyard refers to the use of advanced digital technologies such as artificial intelligence, automation, and big data analytics in the design, construction, and maintenance of ships. Digital Shipyard helps to the design phase of a project for ocean-going ships and submarines as physical design models and mock-ups are costly and time-consuming.
Digital Shipyard Global Market Report 2023 provides data on the global digital shipyard market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The digital shipyard market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.