Global Digital Shipyard Market

Global Digital Shipyard Market by Shipyard Type (Commercial, and Military), by Technology (AR & VR, Blockchain, Digital Twin & Simulation, Additive Manufacturing, Industrial Internet Of Things (IIoT), Robotic Process Automation, Cybersecurity, and Cloud Computing), by Capacity (Large Shipyard, Medium Shipyard, Small Shipyard), by Process (Research & Development, Design & Engineering, Manufacturing & Planning, Maintenance & Support, and Training & Simulation), by End Use(Implementation and Upgrades & Services) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)- Global Forecast to 2027

Global Digital Shipyard Market Overview:

The introduction of software and the strengthening of design have brought intangible changes to the shipbuilding process, and the organization has also driven the production process to show tangible changes. Industry 4.0 that underpins the group of capabilities has enables Digital Shipyard. Robots, autonomous vehicles, smart grids, exchange information, IoT can communicate with each other, and work to complete tasks and feed information back to human operators. The digital shipyard system provides a three-dimensional design platform that shortens the distance between the design department and ship owners, ship inspection, and construction departments.

Global Digital Shipyard Market Insights

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. The major factors attributed to the growth are the growing use of new manufacturing technologies in shipbuilding and the surge in adoption of the digital twin in the shipbuilding industry. Further, the increasing focus on modernization & procurement plans across navies and the adoption of disruptive technologies is strengthening the market growth. Additionally, the incorporation of Information and Communication Technology in the global marine industry, coupled with augmented budgets of shipping companies for digitalization of their vessels is anticipated to fuel the demand for digital shipyard across the globe in the coming years.

Moreover, the increasing applications of the digital shipyard in the naval industry to commission more rapidly, operate more reliably, and cost less over their lifecycle is expected to witness remarkable growth of the global digital shipyard industry in the analysis periods. Also, the real-time data collection and exchange across vessels, ports, cargo, and land logistics, are key factors projected to boost the market growth. Furthermore, the surge in the applications of big data and analytics, intelligent automation in shipbuilding for increased asset utilization, and reduced operating costs will spur the robust growth of the market.

Growth Driver

Increasing use of cloud-based maintenance systems

Many companies using a new generation of intelligent ship systems to provide accurate data to the shore control center and ships on the water to reduce operating costs, which will contribute to effective navigation and maintenance. With the popularization and application of the new generation of information and communication technology in the manufacturing field, more and more powerful and influential smart devices in the factory floor have realized the interconnection with the internet or devices wirelessly, through the physical world and the information world.

The integration of next-generation information and communication technologies such as cloud computing, big data, artificial intelligence, and automation technologies help in realizing the vertical integration of people and equipment and bringing the entire factory inside connect.

The surge in global seaborne trade

The rapid increase in shipments has surged due to the rise of protectionism, including Britain’s Brexit decision, China’s economic transformation, geopolitical friction, and supply problems such as oil. The series of trends in the supply side of maritime transport in recent years has also contributed to this new blueprint. Carriers have begun to expand the scope of their business services, such as the inclusion of road transport services. Both ports and shipping are highly concerned about inland logistics and other possible revenue growth points. In addition, the carrier also strives to become a comprehensive service provider.

Shipyard Type Segmental Analysis

Based on the shipyard type, the global digital shipyard market bifurcates into Commercial and Military. The military segment is projected to grow at a higher CAGR in the forecast period, 2020-2027. It is primarily attributed to the development of new and advanced naval connected ships and submarines in various countries, along with the rise in the defense expenditure of developing and developed countries.

The commercial segment will capture a healthy growth rate in the estimated period due to the growth in maritime trade across the globe.

Technology Segmental Analysis

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 segment projected to dominate the global digital shipyard market by 2027. It is due to its help in automating various business processes using AI workers or software robots. It enables companies to manipulate computer software or robots to automate several business processes. Additionally, the growing demand for sophisticated and time-saving solutions would trigger the growth of robotic process automation.

The digital twin will grow at a significant rate in the forecast period. It is owing to the digital twin dramatically reduce the time and effort of its subsequent physical build.

Process Segmental Analysis

Based on process, the global digital shipyard market classified into research & development, design & engineering, manufacturing & planning, maintenance & support, and training & simulation. The manufacturing & planning segment estimated to lead the market by 2027 due to this process plays an important role in the implementation of the concept of the digital shipyard. It involves the use of various intelligent technologies such as additive manufacturing, robotic process automation, cloud computing & master data management, and blockchain.

The design & engineering segment will grow with a significant rate during the forecast period owing to 3D modeling help in the creation of 3D models of already built platforms. With the help of laser scanning can quickly build 3D models with minimal human intervention.

Capacity Segmental Analysis

Based on capacity, the global digital shipyard market categorized into the large shipyard, medium shipyard, and small shipyard. The large shipyard segment will witness to gain maximum market revenue by 2027. It is attributable to the increasing demand for the digital shipyard technology for the manufacturing for the defense naval, and it also involves upgradation & maintenance of used ships.

End-Use Segmental Analysis

Based on the end-use, the global digital shipyard market bifurcated into implementation and upgrades & services. The Upgrades & Services segment will hold a higher market potential share by 2027. It is attributed to the growing adoption of digital shipyard technology like AR & VR, blockchain, digital twin & simulation, additive manufacturing, industrial internet of things (IIOT), robotic process automation, cybersecurity, and cloud computing for upgrading existing and used ships.

Implementation segment expected to generate significant revenue during 2020-2027. Due to digital shipyards enable to use industry 4.0 technologies in the development of shipyard.

Region Segmental Analysis

Based on geography, the global digital shipyard market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s share in the digital shipyard market by 2027. Emerging economies such as China and India, upgradation, and the use of intelligent technologies in the marine sector are contributing to growth.

North America will capture a prominent share of the digital shipyard market by 2027 due to the rising trend for automated technology, and robotic systems are as big a part of the modern shipbuilding manufacturing system.

Competitor Analysis

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.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • Global digital shipyard manufacturing firm
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to digital shipyard
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Shipyard Type

  • Commercial
  • Military

By Technology

  • AR & VR
  • Blockchain
  • Digital Twin & Simulation
  • Additive Manufacturing
  • Industrial Internet Of Things (IIoT)
  • Robotic Process Automation
  • Cybersecurity
  • Cloud Computing

By Capacity

  • Large Shipyard
  • Medium Shipyard
  • Small Shipyard

By Process

  • Research & Development
  • Design & Engineering
  • Manufacturing & Planning
  • Maintenance & Support
  • Training & Simulation

By End Use

  • Implementation
  • Upgrades & Services

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Digital Shipyard Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Digital Shipyard Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Region
          • North America
          • Europe
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. North America Digital Shipyard Market Overview
    • North America Digital Shipyard Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Digital Shipyard Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Digital Shipyard Market
  1. Europe Digital Shipyard Market Overview
    • Europe Digital Shipyard Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Digital Shipyard Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Digital Shipyard Market
  1. Asia Pacific Digital Shipyard Market Overview
    • Asia Pacific Digital Shipyard Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Digital Shipyard Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Digital Shipyard Market
  1. South America Digital Shipyard Market Overview
    • South America Digital Shipyard Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • South America Digital Shipyard Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Digital Shipyard Market
  1. Middle East & Africa Digital Shipyard Market Overview
    • Middle East & Africa Digital Shipyard Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Digital Shipyard Market Share & Forecast, 2016-2027
        • By Shipyard Type
          • Commercial Shipyard
          • Military Shipyard
        • By Technology
          • AR & VR
          • Blockchain
          • Digital Twin & Simulation
          • Additive Manufacturing
          • Industrial Internet Of Things (IIoT)
          • Robotic Process Automation
          • Cybersecurity
          • Cloud Computing
        • By Capacity
          • Large Shipyard
          • Medium Shipyard
          • Small Shipyard
        • By Process
          • Research & Development
          • Design & Engineering
          • Manufacturing & Planning
          • Maintenance & Support
          • Training & Simulation
        • By End-Use
          • Implementation
          • Upgrades & Services
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Digital Shipyard Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • 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
      • Damen Shipyards Group
      • Other Prominent Players