Press release
With 19.1% CAGR, Digital Shipyard Market Growth to Surpass USD 5.5 billion
The Digital Shipyard Market report provides an analysis of the market from 2022 to 2030. It discusses the industry and technology trends that are currently prevailing in the Digital Shipyard Market, along with the drivers, restraints, challenges, and opportunities. The Digital Shipyard Market is projected to grow from USD 1.3 billion in 2022 to USD 5.5 billion by 2030, at a CAGR of 19.1% during the forecast period. Increase in logistical activities across the globe is driving shipbuilders to ramp-up production. Investing in digital shipyard solutions is one of the strategies these companies are adopting.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6854923
Based on End Use, the implementation segment of the digital shipyard market is accounted for the largest market share during the forecast period. The growth of the digital shipyard market is fueled by technological advancements and an increasing need to improve the operational efficiency of shipyards across the globe. To enhance the overall quality of products, inspection & testing, smart digital technologies such as AR & VR, digital twin, big data analytics, and cloud computing, among others, are being implemented by shipbuilding and repair companies.
Based on Digitalization level, semi digital shipyard segment accounts for the largest growth during the forecast period. As disruptive technologies come with high maintenance costs, small and medium-sized shipyards can adopt a certain level of digitalization with semi digital customized, innovative technologies and suites.
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Asia Pacific region accounts for the largest market share among the regions. Asia Pacific region is witnessing highest adoption of digital solutions. The region also has clear dominance in shipbuilding activities. These factors are driving high adoption of digital solutions in the region.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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