Digital Shipyard - Global Market Outlook (2019 -2027)
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.
Digital shipyard aims to address operational efficiency and effectivity, to make the marine industry safer, faster, and smarter. This has a dramatic impact on the cost and schedule and therefore is easy to define tangible benefit to shipyard operations during design, building, and service.
Based on the process, the manufacturing & planning segment is going to have a lucrative growth during the forecast period due to manufacturing & planning is an important phase and plays a vital role in the implementation of the concept of digital shipyard. The process involves the use of various intelligent technologies such as additive manufacturing, robotic process automation, cloud computing & master data management, and blockchain.
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.
• Medium Shipyards
• Small Shipyards
• Large Shipyards
Shipyard Types Covered:
• Military Shipyards
• Commercial Shipyards
• Additive Manufacturing
• Augmented Reality (AR)
• Artificial Intelligence & Big Data Analytics
• 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
• Design & Engineering
• Maintenance & Support
• Manufacturing & Planning
• Research & Development
• Training & Simulation
End Users Covered:
• Upgrades & Services
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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