Dublin, April 14, 2023 (GLOBE NEWSWIRE) -- The "Digital Shipyard Market Share, Size, Trends, Industry Analysis Report, By Shipyard Type; By Technology; By Capacity; By End Use; By Process; By Digitalization Level; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global digital shipyard market size is expected to reach USD 5.66 Billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Companies Mentioned
- Siemens
- Dassault Systemes
- Accenture
- SAP
- BAE Systems
- Aveva Group Plc.
- Hexagon
- Altair Engineering Inc.
- Wartsila
- Inmarsat
- Kuka AG
- IFS AB
- Pemamek Ltd.
- Aras
- Kreyon Systems
- SSI
- Ibaset
- Prostep AG
- Kranendonk Smart Robotics
- Damen Shipyards Group
- Thyssenkrupp Marine Systems
- Navantia
- Bureau Veritas
- Cadmatic
- Inrotech
The employment of digital twins and drones are the main trends in digital shipbuilding technology, which are driving the growth of the market during the forecast period. The increased use of cloud-based maintenance systems due to increased maritime trade and increased navies' purchases of cutting-edge vessels are some key drivers propelling the industry's growth.
Additionally, it is projected that the incorporation of sophisticated & complicated technologies like digital twins, augmented reality, and virtual reality to enhance shipyard performance will offer a wealth of growth prospects to businesses operating in the global market.
The demand for maritime trade has increased significantly due to industrialization and globalization. A very efficient and inexpensive form of transportation is the sea. There are 11,000 bulk carriers, over 53,000 merchant ships, and 7,400 crude oil tanker units worldwide. In 2019, approximately 5,000 container ships were operating worldwide. Due to a growth in marine trade and tourism, these figures will probably go up in the near future. During the forecast period, an increased need for ships will likely drive the market.
One of the major reasons influencing the global market is anticipated to be the rise in environmental concerns around the world to reduce the carbon footprint produced by the shipping industry.
As a result of the development in process automation, the worldwide digital shipyard industry is rapidly growing. To automate and digitalize shipyard operations, digital shipyards use technology. Digital technologies are essential to shipbuilding's efficiency. Enterprise resource planning (ERP), manufacturing execution systems (MES), and computer-aided design (CAD) are just a few of the software and technological solutions offered by Digital Shipyard.
By coordinating the information throughout the entire supply chain, digital shipyards also offer affordable and efficient design and construction solutions. The automation and digitalization of shipyards also enable real-time team communication on shipbuilding projects, which is anticipated to drive the growth of the global market.
Digital Shipyard Market Report Highlights
- In 2021, the commercial category accounted for significant revenue due to the recent expansion of maritime tourism. The demand for commercial vessels is therefore expected to rise. Businesses are therefore anticipating significant growth in commercial shipyards shortly.
- Large shipyard category accounted for steady growth revenue. Large shipyards are, on the whole, more focused on specialty markets with high-added value and related production techniques.
- Implementation category dominated the market in 2021. Navies' procurement strategy stimulates the implementation of disruptive technology in shipyards.
- North America had a major share and is estimated to witness lucrative growth due to increased security breaches and government rules concerning IT security. Furthermore, government organizations and businesses are working to improve their data security infrastructure, which will help the industry develop even more
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 117 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.38 billion |
| Forecasted Market Value (USD) by 2030 | $5.66 billion |
| Compound Annual Growth Rate | 19.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Digital Shipyard Market Insights
4.1. Digital Shipyard - Industry Snapshot
4.2. Digital Shipyard Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing usage of digital twin technology
4.2.1.2. Increase in environmental concerns about reducing the carbon footprint
4.2.2. Restraints and Challenges
4.2.2.1. High acquisition cost of digital shipyard software solution
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Digital Shipyard Industry Trends
4.6. COVID-19 Impact Analysis
5. Global Digital Shipyard Market, by Technology
5.1. Key Findings
5.2. Introduction
5.2.1. Global Digital Shipyard Market, by Technology, 2018 - 2030 (USD Billion)
5.3. AR/VR
5.3.1. Global Digital Shipyard Market, by AR/VR, by Region, 2018 - 2030 (USD Billion)
5.4. Digital Twin & Simulation
5.4.1. Global Digital Shipyard Market, by Digital Twin & Simulation, by Region, 2018 - 2030 (USD Billion)
5.5. Addictive Manufacturing
5.5.1. Global Digital Shipyard Market, by Addictive Manufacturing, by Region, 2018 - 2030 (USD Billion)
5.6. Artificial Intelligence & Big Data Analytics
5.6.1. Global Digital Shipyard Market, by Artificial Intelligence & Big Data Analytics, by Region, 2018 - 2030 (USD Billion)
5.7. Robotic Process Automation
5.7.1. Global Digital Shipyard Market, by Robotic Process Automation, by Region, 2018 - 2030 (USD Billion)
5.8. Industrial Internet of Things (IIoT)
5.8.1. Global Digital Shipyard Market, by Industrial Internet of Things (IIoT), by Region, 2018 - 2030 (USD Billion)
5.9. Cybersecurity
5.9.1. Global Digital Shipyard Market, by Cybersecurity, by Region, 2018 - 2030 (USD Billion)
5.10. Block Chain
5.10.1. Global Digital Shipyard Market, by Block Chain, by Region, 2018 - 2030 (USD Billion)
5.11. Cloud & Master Data Management
5.11.1. Global Digital Shipyard Market, by Cloud & Master Data Management, by Region, 2018 - 2030 (USD Billion)
6. Global Digital Shipyard Market, by Capacity
6.1. Key Findings
6.2. Introduction
6.2.1. Global Digital Shipyard Market, by Capacity, 2018 - 2030 (USD Billion)
6.3. Large Shipyard
6.3.1. Global Digital Shipyard Market, by Large Shipyard, by Region, 2018 - 2030 (USD Billion)
6.4. Medium Shipyard
6.4.1. Global Digital Shipyard Market, by Medium Shipyard, by Region, 2018 - 2030 (USD Billion)
6.5. Small Shipyard
6.5.1. Global Digital Shipyard Market, by Small Shipyard, by Region, 2018 - 2030 (USD Billion)
7. Global Digital Shipyard Market, by Process
7.1. Key Findings
7.2. Introduction
7.2.1. Global Digital Shipyard Market, by Process, 2018 - 2030 (USD Billion)
7.3. Research & Development
7.3.1. Global Digital Shipyard Market, by Research & Development, by Region, 2018 - 2030 (USD Billion)
7.4. Design & Engineering
7.4.1. Global Digital Shipyard Market, by Design & Engineering, by Region, 2018 - 2030 (USD Billion)
7.5. Manufacturing & Planning
7.5.1. Global Digital Shipyard Market, by Manufacturing & Planning, by Region, 2018 - 2030 (USD Billion)
7.6. Maintenance & Support
7.6.1. Global Digital Shipyard Market, by Maintenance & Support, by Region, 2018 - 2030 (USD Billion)
7.7. Training & Simulation
7.7.1. Global Digital Shipyard Market, by Training & Simulation, by Region, 2018 - 2030 (USD Billion)
8. Global Digital Shipyard Market, by Digitalization Level
8.1. Key Findings
8.2. Introduction
8.2.1. Global Digital Shipyard Market, by Digitalization Level, 2018 - 2030 (USD Billion)
8.3. Fully Digital Shipyard
8.3.1. Global Digital Shipyard Market, by Fully Digital Shipyard, by Region, 2018 - 2030 (USD Billion)
8.4. Semi Digital Shipyard
8.4.1. Global Digital Shipyard Market, by Semi Digital Shipyard, by Region, 2018 - 2030 (USD Billion)
8.5. Partially Digital Shipyard
9. Global Digital Shipyard Market, by Shipyard Type
9.1. Key Findings
9.2. Introduction
9.2.1. Global Digital Shipyard Market, by Shipyard Type, 2018 - 2030 (USD Billion)
9.3. Commercial
9.3.1. Global Digital Shipyard Market, by Commercial, by Region, 2018 - 2030 (USD Billion)
9.4. Military
9.4.1. Global Digital Shipyard Market, by Military, by Region, 2018 - 2030 (USD Billion)
10. Global Digital Shipyard Market, by End-Use
10.1. Key Findings
10.2. Introduction
10.2.1. Global Digital Shipyard Market, by End-Use, 2018 - 2030 (USD Billion)
10.3. Implementation
10.3.1. Global Digital Shipyard Market, by Implementation, by Region, 2018 - 2030 (USD Billion)
10.4. Upgrades & Services
10.4.1. Global Digital Shipyard Market, by Upgrades & Services, by Region, 2018 - 2030 (USD Billion)
11. Global Digital Shipyard Market, by Geography
12. Competitive Landscape
12.1. Expansion and Acquisition Analysis
12.1.1. Expansion
12.1.2. Acquisitions
12.2. Partnerships/Collaborations/Agreements/Exhibitions
13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cwxxfv
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