Global Digital Shipyard Market, By Shipyard Type (Commercial Shipyards, Military Shipyards), Technology (Augmented & Virtual Reality (AR & VR), Digital Twin & Simulation, Additive Manufacturing, Artificial Intelligence & Big Data Analytics, Robotic Process Automation, Industrial Internet of Things (IIoT), Cybersecurity, Blockchain, Cloud Computing & Master Data Management), Capacity (Small Shipyards, Medium Shipyards, Large Shipyards), Process (Research & Development, Design & Engineering, Manufacturing & Planning, Maintenance & Support, Training & Simulation), Digitalization Level (Fully Digital Shipyard, Semi Digital Shipyard, Partially Digital Shipyard), End Use (Implementation, Upgrades & Services), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Digital Shipyard Market
The digital shipyard market is expected to witness market growth at a rate of 19.10% in the forecast period of 2021 to 2028 and is expected to reach USD 2,802.77 million by 2028. Data Bridge Market Research report on digital shipyard market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization globally is escalating the growth of the digital shipyard market.
The digital shipyard is highly employed in the marine sector to address operational efficiency and effectivity and ensure the industry is safer, faster, and smarter. Therefore, the technology impacts cost and schedule and therefore are easy to define tangible benefits to shipyard operations during building, service and design.
The increase in global seaborne trade due to industrialization and globalization acts as one of the major factors driving the growth of the digital shipyard market. The rise in environmental concerns across the globe to lower the carbon footprint generated in the shipping sector and the high adoption of product lifecycle management (PLM) solutions accelerate the market growth. The surge in the procurement of advanced vessels by navies, rise in the use of cloud-based maintenance systems, and high usage of new manufacturing technologies in shipbuilding further influence the market. Additionally, urbanization and digitization, the development of next-generation autonomous vessels, and the rise in shipping companies' budgets for the incorporation of ICT positively affect the digital shipyard market. Furthermore, the rise in adoption of the digital twin in the shipbuilding industry and increases in the use of augmented reality in shipbuilding extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, the high cost associated with the acquisition of digital shipyard software solutions is expected to obstruct the market growth. The increase in the vulnerability to cyber threats is projected to challenge the digital shipyard market in the forecast period of 2021-2028.
This digital shipyard market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital shipyard market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Shipyard Market Scope and Market Size
The digital shipyard market is segmented on the basis of shipyard type, technology, capacity, process, digitization level and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of shipyard type, the digital shipyard market is segmented into commercial shipyards and military shipyards.
- On the basis of technology, the digital shipyard market is segmented into augmented & virtual reality (AR & VR), digital twin & simulation, additive manufacturing, artificial intelligence & big data analytics, robotic process automation, industrial internet of things (IIoT), cybersecurity, blockchain, and cloud computing & master data management.
- On the basis of capacity, the digital shipyard market is segmented into small shipyards, medium shipyards, and large shipyards.
- On the basis of process, the digital shipyard market is segmented into research & development, design & engineering, manufacturing & planning, maintenance & support, and training & simulation.
- On the basis of digitalization level, the digital shipyard market is segmented into fully digital shipyard, semi-digital shipyard, and partially digital shipyard.
- On the basis of end use, the digital shipyard market is segmented into implementation and upgrades & services.
Global Digital Shipyard Market Country Level Analysis
The digital shipyard market is analyzed and market size, volume information is provided by country, shipyard type, technology, capacity, process, digitization level and end use as referenced above.
The countries covered in the global digital shipyard market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to dominate the digital shipyard market due to the modernization and advancement in shipping industry in countries such as China, India and Japan. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the upgrading and promoting the development of shipyards in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Shipyard Market Share Analysis
The digital shipyard market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital shipyard market.
The major players covered in the digital shipyard market report are Siemens, Dassault Systèmes, AVEVA Group plc, Accenture, SAP, BAE Systems., Hexagon, Altair Engineering, Inc., Wärtsilä, Inmarsat Global Limited, IFS, Pemamek Oy, Aras, Kreyon Systems, SSi People, KUKA AG, iBASEt, PROSTEP AG, KRANENDONK, and Damen Shipyards, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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