Digital Shipyard Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Military Shipyards And Commercial Shipyards), By Technology ( Artificial Intelligence and Big Data Analytics, Robotic Process Automation, AR & VR, And Others), By Capacity (Large Shipyards, Small Shipyards, And Medium Shipyards), By Digitalization Level (Semi-Digital Shipyards And Fully-Digital Shipyards) and Region  

Digital Shipyard Market size was valued at US$ 1.376.8 million in 2023 and is expected to grow at a significant CAGR of 18.2% from 2024 to 2030. The global market provides a detailed overview of the market and which can be segmented by type, technology, capacity, digitalization level, and region. By type, the market has been segmented into military shipyards and commercial shipyards. based on type, the commercial segment of the market registered the highest growth during the forecast period. The digitalization of commercial shipyards has helped commercial ship owners and operators to have lower lifecycle costs, pursue capital improvements, streamline construction, increase operational availability, and lower overhead expenses to operate ships. By technology, the market has been segmented into artificial intelligence & big data analytics, robotic process automation, AR & VR, and others. By technology, artificial intelligence & big data analytics is expected to grow maximum during the forecast period. Artificial Intelligence (AI) is one of the most empowering digital transformation technologies in the shipbuilding industry. Pairing technologies such as IoT, blockchain, big data, and robotic process automation with AI and ML has enormous benefits in shipyard applications such as resource management, predictive maintenance, design, and production. By capacity, the market has been segmented into large shipyards, small shipyards, and medium shipyards. By capacity, the medium segment is expected to expand at a rapid pace in the coming future. Ships in the medium segment consist of cruises, naval ships, ferries, and passenger ships. By digitalization level, the market has been segmented into semi-digital shipyards and fully-digital shipyards. 

Digital Shipyard Market Key Development

• In June 2022, BAE Systems collaborated with Dematec Automation to build a digital platform capability demonstrator that connects robots, welding machines, hardware subsystems, devices, and sensors across typical shipyard workflows. In June 2022, A Memorandum of Understanding (MoU) has been signed between Fameline Holding Group (FHG), its subsidiaries, and Inmarsat. The MoU represents the intent of both organizations to explore joint initiatives across the maritime and energy sectors to benefit both parties.