Home > Automotive > Automotive Logistics > Logistics Technology > Digital Shipyard Market

Digital Shipyard Market Analysis

Report ID: GMI7417
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Digital Shipyard Market Analysis

Digital Shipyard Market Revenue, By Technology, 2021 – 2032, (USD Billion)

Based on technology, the data analytics & big data segment is expected to grow at a CAGR of over 14% through 2032, led by a compelling need for enhanced operational efficiency and informed decision-making. By harnessing vast amounts of data generated throughout the shipbuilding lifecycle, these technologies empower shipyards to optimize processes, predict maintenance requirements, and streamline workflows. The insights derived from data analytics enable a more proactive and strategic approach, reducing downtime, improving resource utilization, and ultimately contributing to a more competitive and resilient shipbuilding industry.

Digital Shipyard Market Share, By Type, 2022

Learn more about the key segments shaping this market

Download Free Sample

Based on type, the digital shipyard market size from commercial shipyards segment dominated around USD 900 million in 2022, propelled by the global demand for maritime transportation and logistics. As international trade continues to grow, the need for construction, repair, and maintenance of commercial vessels will continue to grow. Shipyards play a crucial role in meeting this demand, providing essential infrastructure for the maritime industry. The increasing globalization of trade, coupled with the expansion of shipping routes, reinforces the significance of commercial shipyards as key contributors to the dynamic and evolving maritime landscape.

China Digital Shipyard Market Revenue, 2021 -2032, (USD Million)

Looking for region specific data?

Download Free Sample

Asia Pacific digital shipyard market size is set to witness 18% CAGR during the forecast period. The region's prominent shipbuilding hubs, such as South Korea, China, and Japan, are embracing advanced technologies to enhance operational efficiency and maintain a competitive edge. Governments and industry stakeholders in Asia Pacific are investing significantly in digitalization, fostering innovation in ship design, construction, and maintenance. The growing demand for technologically advanced and environmentally sustainable vessels further propels the adoption of digital solutions, positioning the region at the forefront of the industry.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of digital shipyard reached USD 1.6 billion in 2022 and is set to grow at a CAGR of over 15% through 2032, led by the increasing integration of advanced technologies that enhance efficiency, reduce downtime, and improve overall productivity in shipbuilding processes.

The data analytics & big data technology segment is anticipated to expand at a CAGR of over 14% till 2032, driven by a compelling need for enhanced operational efficiency and informed decision-making.

Asia Pacific market is poised to witness 18% CAGR from 2023 to 2032, propelled by the wider acceptance of advanced technologies to enhance operational efficiency & maintain a competitive edge, along with the government’s investment in digitalization, fostering innovation in ship design, construction, and maintenance.

Altair Engineering Inc., Aras, Aveva Group plc, BAE Systems, Dassault Systèmes, Hexagon AB, iBase-t are some of the major industry contenders.