Digital Shipyard Industry is Expected to Reach $8 Billion by 2028 -Siemens,Dassault Systemes, AVEVA Group, BAE Systems, SAP

The Digital Shipyard Market is projected to grow from USD 1.1 billion in 2022 to USD 12.5 billion by 2032, at a CAGR of 19.1% during the forecast period.

The growth of the digital shipyard market can be attributed to several factors, such as the growing need to adopt digital solutions to streamline the shipbuilding process to tackle the low growth in the shipbuilding industry. It is also to reduce the turnaround time in the shipbuilding process.

Digital Shipyard market competition by TOP Players are: Siemens, , Dassault Systemes, AVEVA Group, BAE Systems, SAP

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A shipyard (also called a dockyard) is a place where ships are built and repaired. At present shipbuilding companies are focusing on the automation process over the last few years. The automation process helps to save the time taken for ship building. Meanwhile, various companies are taking initiatives to implement digitization in shipbuilding. The "digital shipyard" is the term applied to the adoption of Industry 4.0 capabilities in designing, building, maintaining our ships and submarines as well as using this technology to monitor and maintain the associated infrastructure. It utilizes sensors and monitoring systems deployed by Cyber-Physical Systems (CPS) that can communicate enormous quantities of data to an IoT device, providing an enhanced capacity for predicting and planning future maintenance. This collected data can be shared with other IoT devices in an industrial environment, collectively called the Industrial IoT, or IIoT to reduce the operational downtime.

The statistical information presented in this report is predicated on the Digital Shipyard in Government marketplace primary, secondary investigation and study, and media release. This comprises data via a global group of expertise from Digital Shipyard in Government notable players to provide the latest information on the international Digital Shipyard in Government marketplace. Moving forward, segmentation analysis is obviously explained considering all the significant probabilities pertinent to Market in Government market conditions.

The factors such as increase in demand for cargo ships due to increased maritime trade, rise in environmental concerns worldwide to lower the carbon footprint generated in the shipping industry, and rise in adoption of digital twin technology supplement the growth of the digital shipyard market. However, high cost of digitalization and training cost products and complexity associated with the systems are the factors expected to hamper the growth of the digital shipyard industry. In addition, rising implementation of robot technology in shipbuilding industry and increasing use of industrial internet of things (IIoT) are expected to create ample opportunities for the key players operating in the digital shipyard market.

The digital shipyard market is segmented into type, technology, capacity, and digitalization level. By type, the market is divided into military shipyards and commercial shipyards. By technology, it is fragmented into artificial intelligence & big data analytics, robotic process automation, augmented reality (AR) & virtual reality (VR), and other (digital twin, blockchain, industrial Internet of Things (IIOT)). By capacity, it is categorized into small shipyards, medium shipyards, and large shipyards. By digitalization level, it is fragmented into semi-digital shipyard and fully-digital shipyard. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Increase in demand for cargo ships due to increased maritime trade

There is a rise in demand for the transportation of cargo through water ways due to a lot cargos being efficiently transferred securely to the other end. Moreover, cargo ships are less expensive for shipping goods as compared to road and air transits as by ships, more cargo can be carried from one place to another within a short span of time. As per the records of UNCTAD, approximately 1,687 million tons of cargo is transported every year in around 177.6 million containers covering 998 billion tons. The recent developments in commercial vessels and giant players innovation of cargo ships equipped with latest technology such as advanced sensors, navigation system, and other components, is creating a demand for the autonomous cargo ships globally. For instance, Norwegian-based Yara Birkeland is planning to introduce the first autonomous cargo ship in 2020. Hence, the rise in the seaborne trade results in increase in demand for large capacity carrying ships (cargo ships) or container ships equipped with latest technologies is expected to foster the demand for digital shipyard market.

On the basis of product, the Digital Shipyard market research displays the revenue, price, market share and growth rate of each type, primarily split into,

3D Modeling, Digital Twins, Industrial Internet of Things, 3D Printing, Virtual Design, 3D Scanning, High-performance Computing (HPC), Augmented Reality (AR), Master Data Management (MDM).

On the basis of the end users, the Digital Shipyard market research focuses on the status and outlook for major applications, consumption (sales), market share and growth rate for each application, including

Commercial, Military, Other

The market report primarily will help you to realize and find out the most forbidding and upsetting driving powers of Digital Shipyardin marketplace with anticipating the consequences on the worldwide industry.

TRising implementation of robot technology in shipbuilding industry

The steps toward automation and giant companies demonstrations of autonomous ships creates various countries for joining hands to develop automated vessels for their system, which eventually leads to automation of the shipyards. Moreover, the shipbuilding companies worldwide are focusing on automation of manufacturing operation such as cutting, welding, painting, assembly, and others to speed up the operational efficiency & lower the cost. For instance, Samsung Industries and Daewoo Shipbuilding & Marine Engineering have implemented welding robots such as cleaning pipe robots, wall-climbing robots, spider automatic welding robots, blasting robots, and inspection robots to reduce the production cost of the ship. Not only does this provide a much safer testing environment, but it also saves vast amounts of energy and resources that would otherwise be wasted in producing physical models. Hence, with the rising implementation of robot technology in shipbuilding industry is expected to create lucrative opportunities for digital shipyard market in the forecast period.

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