Global digital shipyard market expected to drive due to the growing procurement of advanced vessels by navies across the globe and increasing use of new manufacturing technologies in shipbuilding
The global digital shipyard market size was valued at USD 37.4 Million in 2019 and projected to reach USD 3002.3 Million by 2027, registering a CAGR of 23.05%, during the forecast period, 2020-2027. It is primarily attributed to the surge in the adoption of product lifecycle management (PLM) solutions and the growing use of cloud-based maintenance systems. Additionally, the increasing use of 3D digital mock-ups, PLM solutions, digital twin technology, etc. in the manufacturing of the shipbuilding will fuelling the growth of the digital shipyard industry across the globe. Furthermore, augmented budgets of shipping companies for digitalization of their vessels, and growth of the seaborne trade across the world is driving the digital shipyard market.
Ships are sophisticated products with long service lives and high costs of construction, manning, operating, maintaining, and repairing. Also, ship manufacturing involves complex production processes, with large-scale but short series production, a high degree of customization, and intensive labor. These factors will spur the demand for Industry 4.0 prototype, technological capacities, to design better products, improve the efficiency of ship services, and offer new value-added processes. Furthermore, the upsurge in demand for the additive manufacturing, Big Data, cloud, horizontal and vertical integration, internet of things, cybersecurity, simulation robots, and augmented reality in the shipyard to repair, maintain, and checkup services, as well as technical support. This digital transformation in the shipyard industry will boom the growth of the market in the analysis period.
Shipyard Type Overview in the Global Digital Shipyards Market
Based on the shipyard type, the global digital shipyard market bifurcates into Commercial and Military. The commercial segment will be the fastest-growing segment in the forecast period. It is attributable to the increasing shipping trade across the world, and the growing tourism industry will influence the royal-cruise ship industry.
Technology Overview in the Global Digital Shipyards market
Based on technology, the global digital shipyard market segregated into AR & VR, blockchain, digital twin & simulation, additive manufacturing, industrial internet of things (IIOT), robotic process automation, cybersecurity, and cloud computing. The robotic process automation will hold the highest revenue by 2027. It is owing to the increasing demand for sophisticated and time-saving solutions, and RPA helps to perform repetitive tasks, deliver direct profitability, and also communicate with other systems within the organization.
Process Overview in the Global Digital Shipyards Market
Based on process, the global digital shipyard market classified into research & development, design & engineering, manufacturing & planning, maintenance & support, and training & simulation. The manufacturing & planning projected to lead the market by 2027. It is due to the growing demand for able AI to reduce fuel costs, the need for automation of processes to reduce the time to carry out repetitive actions, and re-engineering in the manufacturing process.
Capacity Overview in the Global Digital Shipyards Market
Based on capacity, the global digital shipyard market categorized into the large shipyard, medium shipyard, and small shipyard. The large shipyard segment will generate the most substantial revenue on account of the surge in demand for digital transformation in the manufacturing of defense ships such as navy ships.
Regional Overview in the Global Digital Shipyards Market
By geography, the global digital shipyards market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific will account for maximum revenue share by 2027, owing to the presence of keys players in the region and growing adoption for the digital shipyard to modernize and procuring marine vessels for the upgradation of their shipyards.
Global Digital Shipyards Market: Competitive Landscape
Companies such as Siemens, Dassault Systemes, AVEVA Group Plc, Accenture, SAP, BAE Systems, Hexagon, Altair Engineering, Inc., Wartsila, Inmarsat Plc, IFS AB, Pemamek Ltd., Aras, Kreyon Systems Pvt. Ltd., SSI, Kuka AG, Ibaset, Prostep AG, Kranendonk Smart Robotics, and Damen Shipyards Group are the key players in the global digital shipyard market.
Global Digital Shipyard Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2019
4.7. Porter's Five forces analysis
4.8. New Investment Analysis
4.9. PESTEL Analysis
5. Global Digital Shipyard Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Shipyard Type
5.2.1.1. Commercial Shipyard
5.2.1.2. Military Shipyard
5.2.2. By Technology
5.2.2.1. AR & VR
5.2.2.2. Blockchain
5.2.2.3. Digital Twin & Simulation
5.2.2.4. Additive Manufacturing
5.2.2.5. Industrial Internet Of Things (IIoT)
5.2.2.6. Robotic Process Automation
5.2.2.7. Cybersecurity
5.2.2.8. Cloud Computing
5.2.3. By Capacity
5.2.3.1. Large Shipyard
5.2.3.2. Medium Shipyard
5.2.3.3. Small Shipyard
5.2.4. By Process
5.2.4.1. Research & Development
5.2.4.2. Design & Engineering
5.2.4.3. Manufacturing & Planning
5.2.4.4. Maintenance & Support
5.2.4.5. Training & Simulation
5.2.5. By End-Use
5.2.5.1. Implementation
5.2.5.2. Upgrades & Services
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. South America
5.2.6.5. Middle East & Africa
6. North America Digital Shipyard Market Overview
6.1. North America Digital Shipyard Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Digital Shipyard Market Share & Forecast, 2016-2027
6.2.1. By Shipyard Type
6.2.1.1. Commercial Shipyard
6.2.1.2. Military Shipyard
6.2.2. By Technology
6.2.2.1. AR & VR
6.2.2.2. Blockchain
6.2.2.3. Digital Twin & Simulation
6.2.2.4. Additive Manufacturing
6.2.2.5. Industrial Internet Of Things (IIoT)
6.2.2.6. Robotic Process Automation
6.2.2.7. Cybersecurity
6.2.2.8. Cloud Computing
6.2.3. By Capacity
6.2.3.1. Large Shipyard
6.2.3.2. Medium Shipyard
6.2.3.3. Small Shipyard
6.2.4. By Process
6.2.4.1. Research & Development
6.2.4.2. Design & Engineering
6.2.4.3. Manufacturing & Planning
6.2.4.4. Maintenance & Support
6.2.4.5. Training & Simulation
6.2.5. By End-Use
6.2.5.1. Implementation
6.2.5.2. Upgrades & Services
6.2.6. By Country
6.2.6.1. US
6.2.6.2. Canada
6.2.6.3. Mexico
6.2.7. Company Market Share (Top 3-5)
6.2.8. Economic Impact Study on North America Digital Shipyard Market
7. Europe Digital Shipyard Market Overview
7.1. Europe Digital Shipyard Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Digital Shipyard Market Share & Forecast, 2016-2027
7.2.1. By Shipyard Type
7.2.1.1. Commercial Shipyard
7.2.1.2. Military Shipyard
7.2.2. By Technology
7.2.2.1. AR & VR
7.2.2.2. Blockchain
7.2.2.3. Digital Twin & Simulation
7.2.2.4. Additive Manufacturing
7.2.2.5. Industrial Internet Of Things (IIoT)
7.2.2.6. Robotic Process Automation
7.2.2.7. Cybersecurity
7.2.2.8. Cloud Computing
7.2.3. By Capacity
7.2.3.1. Large Shipyard
7.2.3.2. Medium Shipyard
7.2.3.3. Small Shipyard
7.2.4. By Process
7.2.4.1. Research & Development
7.2.4.2. Design & Engineering
7.2.4.3. Manufacturing & Planning
7.2.4.4. Maintenance & Support
7.2.4.5. Training & Simulation
7.2.5. By End-Use
7.2.5.1. Implementation
7.2.5.2. Upgrades & Services
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. UK
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Rest of Europe
7.2.7. Company Market Share (Top 3-5)
7.2.8. Economic Impact Study on Europe Digital Shipyard Market
8. Asia Pacific Digital Shipyard Market Overview
8.1. Asia Pacific Digital Shipyard Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Digital Shipyard Market Share & Forecast, 2016-2027
8.2.1. By Shipyard Type
8.2.1.1. Commercial Shipyard
8.2.1.2. Military Shipyard
8.2.2. By Technology
8.2.2.1. AR & VR
8.2.2.2. Blockchain
8.2.2.3. Digital Twin & Simulation
8.2.2.4. Additive Manufacturing
8.2.2.5. Industrial Internet Of Things (IIoT)
8.2.2.6. Robotic Process Automation
8.2.2.7. Cybersecurity
8.2.2.8. Cloud Computing
8.2.3. By Capacity
8.2.3.1. Large Shipyard
8.2.3.2. Medium Shipyard
8.2.3.3. Small Shipyard
8.2.4. By Process
8.2.4.1. Research & Development
8.2.4.2. Design & Engineering
8.2.4.3. Manufacturing & Planning
8.2.4.4. Maintenance & Support
8.2.4.5. Training & Simulation
8.2.5. By End-Use
8.2.5.1. Implementation
8.2.5.2. Upgrades & Services
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia Pacific
8.2.7. Company Market Share (Top 3-5)
8.2.8. Economic Impact Study on Asia Pacific Digital Shipyard Market
9. South America Digital Shipyard Market Overview
9.1. South America Digital Shipyard Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Digital Shipyard Market Share & Forecast, 2016-2027
9.2.1. By Shipyard Type
9.2.1.1. Commercial Shipyard
9.2.1.2. Military Shipyard
9.2.2. By Technology
9.2.2.1. AR & VR
9.2.2.2. Blockchain
9.2.2.3. Digital Twin & Simulation
9.2.2.4. Additive Manufacturing
9.2.2.5. Industrial Internet Of Things (IIoT)
9.2.2.6. Robotic Process Automation
9.2.2.7. Cybersecurity
9.2.2.8. Cloud Computing
9.2.3. By Capacity
9.2.3.1. Large Shipyard
9.2.3.2. Medium Shipyard
9.2.3.3. Small Shipyard
9.2.4. By Process
9.2.4.1. Research & Development
9.2.4.2. Design & Engineering
9.2.4.3. Manufacturing & Planning
9.2.4.4. Maintenance & Support
9.2.4.5. Training & Simulation
9.2.5. By End-Use
9.2.5.1. Implementation
9.2.5.2. Upgrades & Services
9.2.6. By Country
9.2.6.1. Brazil
9.2.6.2. Argentina
9.2.6.3. Rest of South America
9.2.7. Company Market Share (Top 3-5)
9.2.8. Economic Impact Study on South America Digital Shipyard Market
10. Middle East & Africa Digital Shipyard Market Overview
10.1. Middle East & Africa Digital Shipyard Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Digital Shipyard Market Share & Forecast, 2016-2027
10.2.1. By Shipyard Type
10.2.1.1. Commercial Shipyard
10.2.1.2. Military Shipyard
10.2.2. By Technology
10.2.2.1. AR & VR
10.2.2.2. Blockchain
10.2.2.3. Digital Twin & Simulation
10.2.2.4. Additive Manufacturing
10.2.2.5. Industrial Internet Of Things (IIoT)
10.2.2.6. Robotic Process Automation
10.2.2.7. Cybersecurity
10.2.2.8. Cloud Computing
10.2.3. By Capacity
10.2.3.1. Large Shipyard
10.2.3.2. Medium Shipyard
10.2.3.3. Small Shipyard
10.2.4. By Process
10.2.4.1. Research & Development
10.2.4.2. Design & Engineering
10.2.4.3. Manufacturing & Planning
10.2.4.4. Maintenance & Support
10.2.4.5. Training & Simulation
10.2.5. By End-Use
10.2.5.1. Implementation
10.2.5.2. Upgrades & Services
10.2.6. By Country
10.2.6.1. Saudi Arabia
10.2.6.2. UAE
10.2.6.3. South Africa
10.2.6.4. Rest of Middle East & Africa
10.2.7. Company Market Share (Top 3-5)
10.2.8. Economic Impact Study on Middle East & Africa Digital Shipyard Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Siemens
11.7.2. Dassault Systemes
11.7.3. AVEVA Group Plc
11.7.4. Accenture
11.7.5. SAP
11.7.6. BAE Systems
11.7.7. Hexagon
11.7.8. Altair Engineering, Inc.
11.7.9. Wartsila
11.7.10. Inmarsat Plc
11.7.11. IFS AB
11.7.12. Pemamek Ltd.
11.7.13. Aras
11.7.14. Kreyon Systems Pvt. Ltd.
11.7.15. SSI
11.7.16. Kuka AG
11.7.17. Ibaset
11.7.18. Prostep AG
11.7.19. Kranendonk Smart Robotics
11.7.20. Damen Shipyards Group
11.7.21. Other Prominent Players
The Digital Horse Management App Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Digital Comics Distribution Platforms Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...
The Basic Digital Platform Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manu...
The Digital Labour Platforms Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufactur...
The Digital Smart Waste Management Sensors and Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, compet...
The Digital Comprehensive Pet Care Service Platform Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitiv...
The Procurement Digital Platform Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Digital Cinema Cameras Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturer...
The Digital Energy Management Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, m...
The Digital Business Card for Teams Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...