The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Global trade and tourism activities via ships are likely to stimulate innovation in digital shipyard manufacturing, propelling the market during the forecast period.

The global digital shipyard market is expected to grow from $1 billion in 2022 to $1.20 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. The global digital shipyard market size is expected to reach $2.44 billion in 2027 at a CAGR of 19.4%.

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 Global Digital Shipyard Market Segments Include:

• By Shipyard Type: Commercial, Military
• 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
• By Process: Research And Development, Design And Engineering, Manufacturing And Planning, Maintenance And Support
• By Capacity: Large Shipyard, Medium Shipyard, Small Shipyard
• By End-Use: Implementation, Upgrades And Services
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global digital shipyard market in 2021.

 Major Market Players in the digital shipyard market include Altair Engineering Inc., BAE Systems plc, Dassault Systérnes SE, IFS AB, Accenture plc, Aras Corporation, Bureau Veritas, Cadmatic Oy, Damen Shipyards Group, Hexagon AB.

Technological developments are a major trend that is gaining traction in the digital shipbuilding sector. To maintain their market position, major players in the digital shipyard market are embracing new technology. For example, in March 2022, Seaspan ULC, a Canadian provider of marine-related services, opened its new HoloShip facility, an immersive visualisation system that provides Seaspan and the Canadian marine industry community with access to a virtual reality environment to develop, integrate, test, and demonstrate new digital twin capabilities and change the way ships are built, constructed, and maintained. Designers, engineers, production teams, and consumers can virtually experience a highly accurate, entirely detailed, three-dimensional digital model of the ship on a 5.6-meter-wide display wall with Seaspan’s HoloShip. Participants are transported onboard the ship using 3D and virtual reality headsets and can roam around to examine and interact with the environment as well as the equipment, components, systems, and subsystems. Participants can also access the HoloShip remotely via a networked device.

The Digital Shipyard Global Market Report 2023  provides a digital shipyard market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital shipyard market forecast analyzes digital shipyard market size, digital shipyard market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The employment of modern digital technologies such as artificial intelligence, automation, and big data analytics in the design, construction, and maintenance of ships is referred to as a digital shipyard. Because physical design models and mock-ups are expensive and time-consuming, Digital Shipyard aids in the design phase of a project for ocean-going ships and submarines.

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