Digital Shipyard Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033

The new report published by The Business Research Company, titled ""Digital Shipyard Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the digital shipyard market size has grown exponentially in recent years. It will grow from $1.21 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The digital shipyard market size is expected to see rapid growth in the next few years. It will grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%.

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The Digital Shipyard Market Growth Amidst Global Trade And Tourism Upsurge
The expansion in worldwide trade and tourism activities via ships is expected to increase the growth of the digital shipyard market going forward. The demand for effective and affordable shipbuilding and maintenance solutions is growing as international trade and human migration rise. A number of advantages, such as shortened production times, enhanced quality assurance, and increased effectiveness, are offered by the digital shipyard industry. For instance, in January 2023, according to a report published by United Nations Conference on Trade and Development (UNCTD), a Switzerland-based organization responsible for the development, including trade, aid, finance transport, and technology, shipments increased by an expected 3.2% in 2021, totaling 11 billion tonnes. All developing areas experienced growth. Asia, which continued to be the world's top maritime cargo handling hub, accounted for 42% of products loaded and 64% of those unloaded in 2021, while it grew by an estimated 5.6% in Africa, 3% in Latin America, and the Caribbean, and 3% in Asia. Therefore, the expansion in worldwide trade and tourism activities is driving the growth of the digital shipyard market.

Revolutionizing Shipbuilding With Technological Advancements
Technological advancements are a key trend gaining popularity in the digital shipyard market. Major companies operating in the digital shipyard market are adopting new technologies to sustain their position in the market. For instance, In March 2022, Seaspan ULC, a Canada-based provider of marine-related services, launched its new HoloShip facility, an immersive visualization system that allows Seaspan and the Canadian marine industry community access to a virtual reality environment to develop, integrate, test and demonstrate new digital twin capabilities and change how ships are built, constructed, and maintained. With Seaspan's HoloShip, designers, engineers, production teams, and customers can practically experience a highly accurate, completely detailed, three-dimensional digital model of the ship on a 5.6-meter-wide display wall. Participants are transported onto the ship using 3D and virtual reality headsets, and they can move around to view and engage with the area as well as with the equipment, components, systems, and subsystems. The HoloShip can also be accessed remotely by participants using a networked device.

The digital shipyard market covered in this report is segmented -

1) By Shipyard Type: Commercial, Military
2) By Technology: AR/VR, Digital Twin And Simulation, Addictive Manufacturing, Artificial Intelligence And Big Data Analytics, Robotic Process Automation, Industrial Internet of Things (IIoT), Cybersecurity, Block Chain, Cloud And Master Data Management
3) By Prcoess: Research And Development, Design And Engineering, Manufacturing And Planning, Maintenance And Support
4) By Capacity: Large Shipyard, Medium Shipyard, Small Shipyard
5) By End-Use: Implementation, Upgrades And Services

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Major companies operating in the digital shipyard market report are Altair Engineering Inc., BAE Systems plc, Dassault Systèmes SE, IFS WORLD OPERATIONS AB, Aras Corporation, Bureau Veritas SA, Cadmatic Oy, Damen Shipyards Group, Hexagon AB, iBASEt LLC, Inmarsat Global Limited, Kranendonk Production Systems BV, KUKA Aktiengesellschaft, Navantia S.A., Pemamek Oy, Siemens Energy AG, AVEVA Group plc, Kreyon Systems Pvt. Ltd., PROSTEP AG, Wärtsilä Oyj Abp, ABB Ltd., Honeywell International Inc., Emerson Electric Co., Schneider Electric SE, Rockwell Automation Inc., General Electric Company, IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Amazon Web Services Inc., Cisco Systems Inc. .

Contents of the report:
1. Executive Summary
2. Digital Shipyard Market Report Structure
3. Digital Shipyard Market Trends And Strategies
4. Digital Shipyard Market - Macro Economic Scenario
5. Digital Shipyard Market Size And Growth
…..
27. Digital Shipyard Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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