Digital shipyard is a specific technology, used to automate & digitalize various activities of a shipyard. It provides software & technology for instance enterprise resource planning (ERP), computer aided-designing (CAD), manufacturing execution system (MES), and product lifecycle management (PLM). Furthermore, it delivers cheap and effective solutions to design & construction by synchronizing the information between the entire supply chains.
As per analysis, “Global Digital Shipyard Market” the key companies operating in the global digital shipyard market include AVEVA Group Plc, SSI, Accenture, BAE Systems, Hexagon, ARAS, Wartsila, KUKA AG, Dassault Systemes, IFS AB, Siemens, SAP, Pro step AG, Altair Engineering Inc., IBASET and among others. Leading players are focusing on the automation process that helps save upon time taken for shipbuilding. Key companies are taking various initiatives to implement digitization in shipbuilding. This has led to increase in investments in the modernization of facilities to enhance productivity and reduce budgets, man power, as well as timelines.
Based on technology type, digital shipyard market is segmented as Industrial Internet of Things (IIoT), AR & VR, Blockchain, digital twin & simulation, robotic process automation, cybersecurity and additive manufacturing. The robotic process automation segment is anticipated to have a huge demand because it comprises of automating various business processes using artificial intelligence workers or software robots and sophisticated & time-saving solutions. Additionally, the additive manufacturing segment dominates the global market due to increase in use of 3D printing technology for manufacturing the ship component. In addition, based on shipyard type, market is segmented as commercial, technology and military. The commercial digital marine shipyard segment is expected to witness higher growth rate owing to increase in government’s efforts to streamline marine transport through digitalization during the forecast period.
The digital shipyard market is driven by increase in procurement of advanced vessels by navies, followed by rise in use of new manufacturing technologies in shipbuilding, increase in investment made by the shipyard companies, growth in adoption of product lifecycle management (PLM) solutions, rise in seaborne trade and increase in use of cloud-based maintenance systems. However, increase in vulnerability to cyber threats may impact the market. Moreover, rise in use of augmented reality in shipbuilding and surge in adoption of digital twin in shipbuilding industry are leading opportunities for market. Furthermore, high cost of acquisition of digital shipyard software solutions is a major challenge for global market.
Based on regional analysis, the North-America is a leading region in global digital shipyard market owing to presence of various key players and rise in demand for real-time information regarding ship maintenance & development across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to increase in marine tourism coupled with growth in seaborne trade over the forecast period. It is predicted that future of the global digital shipyard market will be bright on account of growth in development of autonomous & connected ships and rise in environmental concerns to lower the carbon footprint generated in shipping industry during the forecast period.
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Global Digital Shipyard Market Analysis
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