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Digital Shipyard Market Trends

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

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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

Altair Engineering Inc., Aras, Aveva Group plc, BAE Systems, Dassault Syst