PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175527
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1175527
The global digital shipyard market size is expected to reach USD 5.66 Billion by 2030, according to a new study by Polaris Market Research. The report "Digital Shipyard Market Share, Size, Trends, Industry Analysis Report, By Shipyard Type (Commercial, Military); By Technology; By Capacity; By End Use; By Process; By Digitalization Level; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
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
The global players include Siemens, Dassault System, Accenture, SAP, Kreyon Systems, Kuka AG, IFS AB, Pemamek and others.
Polaris Market Research has segmented the digital shipyard market report based on shipyard type, technology, capacity, end use, process, digitalization level; and region:
Digital Shipyard, Shipyard Type Outlook (Revenue - USD Billion, 2018 - 2030)
Commercial
Military
Digital Shipyard, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
AR/VR
Digital Twin & Simulation
Addictive Manufacturing
Artificial Intelligence & Big Data Analytics
Robotic Process Automation
Industrial Internet of Things (IIoT)
Cybersecurity
Block Chain
Cloud & Master Data Management
Digital Shipyard, Capacity Outlook (Revenue - USD Billion, 2018 - 2030)
Large Shipyard
Medium Shipyard
Small Shipyard
Digital Shipyard, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Implementation
Upgrades & Services
Digital Shipyard, Process Outlook (Revenue - USD Billion, 2018 - 2030)
Research & Development
Design & Engineering
Manufacturing & Planning
Maintenance & Support
Training & Simulation
Digital Shipyard, Digitalization Level Outlook (Revenue - USD Billion, 2018 - 2030)
Fully Digital Shipyard
Semi Digital Shipyard
Partially Digital Shipyard
Digital Shipyard, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Truncated List of Tables
Truncated List of Figures
Figure 1. Global Digital Shipyard Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Technology
Figure 7. Global Digital Shipyard Market, by Technology, 2021 & 2030 (USD Billion)
Figure 8. Market by Digitalization Level
Figure 9. Global Digital Shipyard Market, by Digitalization Level, 2021 & 2030 (USD Billion)
Figure 10. Market by Shipyard Type
Figure 11. Global Digital Shipyard Market, by Shipyard Type, 2021 & 2030 (USD Billion)
Figure 12. Market by Capacity
Figure 13. Global Digital Shipyard Market, by Capacity, 2021 & 2030 (USD Billion)
Figure 14. Market by Process
Figure 15. Global Digital Shipyard Market, by Process, 2021 & 2030 (USD Billion)
Figure 16. Market by End-Use
Figure 17. Global Digital Shipyard Market, by End-Use, 2021 & 2030 (USD Billion)
Figure 18. Digital Shipyard Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 19. Strategic Analysis - Digital Shipyard Market