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

Digital Shipyard Market Trends

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

Download Free Sample

Digital Shipyard Market Trends

The application of artificial intelligence (AI) for predictive maintenance is likely to grow and could emerge as a prominent trend in the digital shipyard industry. AI algorithms can analyze data from sensors and other sources to predict equipment failures and maintenance needs, enabling proactive and cost-effective maintenance strategies while minimizing downtime.

Against this backdrop, in April 2023, ShipIn Systems revealed that Zeaborn Ship Management, a Hamburg and Singapore-based third-party ship manager, will deploy the visual fleet management platform, FleetVision™, across a significant portion of its diverse vessel portfolio. With operations spanning Europe and Asia, Zeaborn aims for a cohesive strategy to boost transparency, efficiency, and overall performance. The adoption of ShipIn System's digital platform on Zeaborn-managed vessels is geared towards enhancing safety, operational compliance, and achieving overarching performance objectives.

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.