- Military Shipyards
- Commercial Shipyards
Digital Shipyard Market size was valued at USD 1.376.8 million in 2022 and is expected to grow at a significant CAGR of 18.2% from 2023 to 2029. The global market provides a detailed overview of the Digital Shipyard market and which can be segmented by type, technology, capacity, digitalization level, and region. By type, the digital shipyard market has been segmented into military shipyards and commercial shipyards. based on type, the commercial segment of the digital shipyard 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 digital shipyard 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 digital shipyard 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 digital shipyard market has been segmented into semi-digital shipyards and fully-digital shipyards.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Increasing the use of product lifecycle management (PLM) solutions would fuel the growth of the Digital Shipyard market over the forecast period. Product lifecycle management (PLM) solutions offer a complete approach to shipbuilding to improve the overall shipyard’s collaboration, synchronization, and productivity, along with service and support. This can be accomplished by optimizing processes such as design & engineering and supply chain management using PLM solutions.
3D printing, big data, and predictive maintenance are emerging technologies require in ship sectors, which undoubtedly expand the global market of a digital shipyard.
The major factor driving the market growth are rising demand for PLM solutions for the optimization of shipbuilding processes by shipyards across the globe. PLM is a customizable platform that offers tailored services as per customer requirements. PLM solutions also benefit tier II and tier III shipyards due to the new launching of the pay-as-you-use model, which leads to minimizing expenses. Furthermore, PLM solutions for shipbuilding service & product support process solutions offer at shipyards. This is expected to create attractive opportunities for developers of cloud-based shipbuilding software.
Digital twins are among the many emerging technologies in digital shipyards. A digital twin concept is a 3D virtual replica of a physical product. Data is fed into the digital twin, presenting a replica of the real physical product and the environmental conditions to which it is exposed. As a virtual replica of the real product, the twin allows one to view the current status and real-time condition of the product even if it is not present at the same location
Increased vulnerability to cyber threats is expected to hamper the market growth during forecasted time. As processes get digitalized, concerns about their security arise. Shipyards and ship operators have huge amount sensitive information stored in their IT platforms, including ship and part information. Hence, these companies are at a high risk of cyberattacks, which could lead to significant losses. Growing adoption of digitalization resultant in the rise of cyber-threats and cybercrimes to loss of crucial ship operational data, thus causing threats to national security.
1. Executive Summary |
2. Global Digital Shipyard Market Introduction |
2.1.Global Digital Shipyard Market - Taxonomy |
2.2.Global Digital Shipyard Market - Definitions |
2.2.1.Type |
2.2.2.Technology |
2.2.3.Capacity |
2.2.4.Digitalization Level |
2.2.5.Region |
3. Global Digital Shipyard Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Digital Shipyard Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Digital Shipyard Market By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Military Shipyards |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Commercial Shipyards |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Digital Shipyard Market By Technology, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Artificial Intelligence & Big Data Analytics |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Robotic Process Automation |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. AR & VR, And |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Digital Shipyard Market By Capacity, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. Large Shipyards |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Small Shipyards |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Medium Shipyards |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Digital Shipyard Market By Digitalization Level, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Semi-Digital Shipyards |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Fully-Digital Shipyards |
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Digital Shipyard Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. North America Digital Shipyard Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Military Shipyards |
10.1.2.Commercial Shipyards |
10.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Artificial Intelligence & Big Data Analytics |
10.2.2.Robotic Process Automation |
10.2.3.AR & VR, And |
10.2.4.Others |
10.3. Capacity Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Large Shipyards |
10.3.2.Small Shipyards |
10.3.3.Medium Shipyards |
10.4. Digitalization Level Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Semi-Digital Shipyards |
10.4.2.Fully-Digital Shipyards |
10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11. Europe Digital Shipyard Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Military Shipyards |
11.1.2.Commercial Shipyards |
11.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Artificial Intelligence & Big Data Analytics |
11.2.2.Robotic Process Automation |
11.2.3.AR & VR, And |
11.2.4.Others |
11.3. Capacity Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Large Shipyards |
11.3.2.Small Shipyards |
11.3.3.Medium Shipyards |
11.4. Digitalization Level Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Semi-Digital Shipyards |
11.4.2.Fully-Digital Shipyards |
11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12. Asia Pacific (APAC) Digital Shipyard Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Military Shipyards |
12.1.2.Commercial Shipyards |
12.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Artificial Intelligence & Big Data Analytics |
12.2.2.Robotic Process Automation |
12.2.3.AR & VR, And |
12.2.4.Others |
12.3. Capacity Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Large Shipyards |
12.3.2.Small Shipyards |
12.3.3.Medium Shipyards |
12.4. Digitalization Level Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Semi-Digital Shipyards |
12.4.2.Fully-Digital Shipyards |
12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13. Middle East and Africa (MEA) Digital Shipyard Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Military Shipyards |
13.1.2.Commercial Shipyards |
13.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Artificial Intelligence & Big Data Analytics |
13.2.2.Robotic Process Automation |
13.2.3.AR & VR, And |
13.2.4.Others |
13.3. Capacity Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Large Shipyards |
13.3.2.Small Shipyards |
13.3.3.Medium Shipyards |
13.4. Digitalization Level Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Semi-Digital Shipyards |
13.4.2.Fully-Digital Shipyards |
13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14. Latin America Digital Shipyard Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Military Shipyards |
14.1.2.Commercial Shipyards |
14.2. Technology Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Artificial Intelligence & Big Data Analytics |
14.2.2.Robotic Process Automation |
14.2.3.AR & VR, And |
14.2.4.Others |
14.3. Capacity Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Large Shipyards |
14.3.2.Small Shipyards |
14.3.3.Medium Shipyards |
14.4. Digitalization Level Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Semi-Digital Shipyards |
14.4.2.Fully-Digital Shipyards |
14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1. Dassault Systemes |
15.2.2. Siemens |
15.2.3. AVEVA Group Plc |
15.2.4. SAP |
15.2.5. Hexagon |
15.2.6. Altair Engineering, Inc |
15.2.7. Wartsila |
15.2.8. Inmarsat Plc |
16. Research Methodology |
17. Appendix and Abbreviations |