Press release
Digital Shipyard Market 2021-2027 : Comprehensive Analysis, Top Key Players Analysis
Digital Shipyard Market
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Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Companies covered
IFS AB, Dassault Systemes, Siemens, BAE Systems, Accenture, Altair Engineering Inc., Kranendonk Smart Robotics, Pemamek Ltd., Inmarsat PLC, and Hexagon.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in modernization of defense shipyards, increase in demand for commercial ships due to increased maritime trade, and rise in adoption of digital twin are some of the factors that drive the global digital shipyard market. However, high cost of digitalization and training cost products hinder the market growth. On the contrary, new manufacturing technologies, automated process, and artificial intelligence present new pathways in the industry.
The global digital shipyard market trends are as follows:
Surge in modernization of defense shipyards
Defense shipyards need to build large fleets at lower costs to meet the requirement of growing naval fleet. For instance, in 2020, CACI International (a professional services & information technology company headquartered in Virginia, US) received a contract of 249 million USD by US Navy to provide digital solutions for improved efficiency & affordability in ship design, manufacturing, and life cycle support. CACI International engineers plan to leverage adapted off-the-shelf technical solutions digital twin shipyard production model, modernization of US Navy’s data management, and acquisition forecasting techniques for modernization of the naval shipyard. Such initiatives in digitalization of defense shipyards are expected to boost the global digital shipyard market.
Rise in adoption of digital twin
Digital twin is replica of physical device used to run simulations before actual devices are built and deployed. Recently, in 2019, US Navy launched 21 billion USD program to create digital twin models of its aging & outmoded shipyards. Digital twins will assess and optimize shipyard infrastructure to give them a thorough overhaul & revamp in a period of 20 years. Such substantial long-term investment in modernization of shipyards using digital twins will drive the global digital shipyard market.
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Key benefits of the report:
1 This study presents the analytical depiction of the global digital shipyard industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global digital shipyard market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the global digital shipyard market growth scenario.
4 Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed global digital shipyard market analysis based on competitive intensity and how the competition will take shape in coming years.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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