Digital Shipyard Global Market Is Expected To Grow At A Rate Of More Than 19% Through 2023 – 2027
4 Jul, 2023
The global digital shipyard market size is expected to grow from $1 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global digital shipyard market size is expected to reach $2.44 billion in 2027 at a CAGR of 19.4%.
Global Digital Shipyard Market Key Driver
The rise of global trade and tourism activities via ships is predicted to drive future growth in the digital shipyard market. As international trade and human migration increase, so does the demand for effective and cheap shipbuilding and maintenance solutions. The digital shipyard industry has several benefits, including shorter manufacturing times, improved quality assurance, and increased effectiveness.
Get a sample of the global digital shipyard market reportGlobal Digital Shipyard Market Segments
The global digital shipyard market 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
6) By Geography: The regions covered in the digital shipyard market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global digital shipyard market.
Major Digital Shipyard Industry Players
Altair Engineering Inc., BAE Systems plc, Dassault Systérnes SE, IFS AB, Accenture plc, Aras Corporation, Bureau Veritas, Cadmatic Oy, Damen Shipyards Group, Hexagon AB, iBASEt, Inmarsat Global Limited, Kranendonk Production Systems BV, KUKA AG, Navantia
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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.