According to Stratistics MRC, the Global Digital Shipyard Market is accounted for $591.63 million in 2019 and is expected to reach $2,736.57 million by 2027 growing at a CAGR of 21.1% during the forecast period. Rising adoption of the digital twin in the shipbuilding industry, and increasing use of new manufacturing technologies in shipbuilding are the major factors propelling the market growth. However, the increased vulnerability to cyber threats is hampering the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of emerging economies such as China and India, that are modernizing and procuring marine vessels for the upgradation of their shipyards and to establish a strong foothold in the marine sector.
Some of the key players profiled in the Digital Shipyard Market include Inmarsat Plc, Ifs Ab, Siemens, Dassault Systemes, Aveva Group Plc, Accenture, Ibaset, Hexagon, Altair Engineering, Inc, Kuka Ag, Sap, Pemamek Ltd, Damen Shipyards Group, Kreyon Systems Pvt Ltd, Wartsila, Bae Systems and Kranendonk Smart Robotics.
Capacities Covered:
• Medium Shipyards
• Small Shipyards
• Large Shipyards
Shipyard Types Covered:
• Military Shipyards
• Commercial Shipyards
• Civil
Technologies Covered:
• Additive Manufacturing
• Blockchain
• Augmented Reality (AR)
• Artificial Intelligence & Big Data Analytics
• Cybersecurity
• Cloud Computing & Master Data Management
• Industrial Internet of Things (IIoT)
• Digital Twin & Simulation
• Robotic Process Automation
• 3D Printing
• 3D Modelling
• Virtual Design
• 3D Scanning
• High-performance Computing (HPC)
Digitalization Levels Covered:
• Semi Digital Shipyard
• Fully Digital Shipyard
• Partially Digital Shipyard
Processes Covered:
• Design & Engineering
• Maintenance & Support
• Manufacturing & Planning
• Research & Development
• Training & Simulation
End Users Covered:
• Upgrades & Services
• Implementation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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