This report incorporates the study of the global digital shipyard market that focuses on the digitalization & adoption of different automation process for shipyards. The digital shipyard is highly employed in the marine sector to address operational efficiency & effectiveness and ensure the industry is safer, faster, and smarter. It provides software and technology, such as enterprise resource planning (ERP), manufacturing execution system (MES), computer aided-designing (CAD), and product lifecycle management (PLM).
This has led to rise in investments in modernization of facilities to increase productivity and reduce budgets, manpower, as well as timelines. Currently, the market statistics are improving as a result of gradually developing technology supported by the shipping sector, followed by integration and advancement. Moreover, technology companies are making efforts and validating modernization of facilities to build and combine multiple processes for the shipping sector. For instance, in November 2022, Dassault Systèmes collaborated with Samsung Heavy Industries to develop a “smart yard” based on new digital transformation technology to establish a fully digital shipyard and a competitive edge. This technology offers planning of data from the target process (product structure, work orders, assembly sequence, scheduling, and more) in a consistent data model and compares it in real time with the actual data from production and assembly. Increase in demand for cargo ships due to increased maritime trade, rise in environmental concerns globally 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 expected to hamper the growth of the digital shipyard market.
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. For the purpose of analysis, the digital shipyard market is segmented on the basis of type, technology, capacity, digitalization level, and region.
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 others (digital twin, blockchain, and 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.
The leading players operating in the digital shipyard market are Accenture, Altair Engineering Inc., Aras., AVEVA Group Plc, BAE Systems Plc, Damen Shipyards Group, Dassault Systems, Hexagon AB, iBASEt, Inmarsat Global Limited, Kranendonk Production Systems BV, Kreyon Systems Pvt. Ltd., Pemamek OY, PROSTEP AG, SAP SE, Siemens, SSI, and Wartsila.
This has led to rise in investments in modernization of facilities to increase productivity and reduce budgets, manpower, as well as timelines. Currently, the market statistics are improving as a result of gradually developing technology supported by the shipping sector, followed by integration and advancement. Moreover, technology companies are making efforts and validating modernization of facilities to build and combine multiple processes for the shipping sector. For instance, in November 2022, Dassault Systèmes collaborated with Samsung Heavy Industries to develop a “smart yard” based on new digital transformation technology to establish a fully digital shipyard and a competitive edge. This technology offers planning of data from the target process (product structure, work orders, assembly sequence, scheduling, and more) in a consistent data model and compares it in real time with the actual data from production and assembly. Increase in demand for cargo ships due to increased maritime trade, rise in environmental concerns globally 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 expected to hamper the growth of the digital shipyard market.
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. For the purpose of analysis, the digital shipyard market is segmented on the basis of type, technology, capacity, digitalization level, and region.
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 others (digital twin, blockchain, and 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.
The leading players operating in the digital shipyard market are Accenture, Altair Engineering Inc., Aras., AVEVA Group Plc, BAE Systems Plc, Damen Shipyards Group, Dassault Systems, Hexagon AB, iBASEt, Inmarsat Global Limited, Kranendonk Production Systems BV, Kreyon Systems Pvt. Ltd., Pemamek OY, PROSTEP AG, SAP SE, Siemens, SSI, and Wartsila.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital shipyard market analysis from 2022 to 2032 to identify the prevailing digital shipyard market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the digital shipyard market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global digital shipyard market trends, key players, market segments, application areas, and market growth strategies.
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- Technology Trend Analysis
- SWOT Analysis
Key Market Segments
By Type
- Military Shipyards
- Commercial Shipyards
By Technology
- Artificial Intelligence and Big Data Analytics
- Robotic Process Automation
- AR and VR
- Others
By Capacity
- Small Shipyards
- Medium Shipyards
- Large Shipyards
By Digitalization Level
- Semi-digital Shipyard
- Fully-digital Shipyard
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Greece
- Norway
- Denmark
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Key Market Players
- Accenture
- iBase-t
- Pemamek
- PROSTEP AG
- Dassault Systemes
- Altair Engineering Inc.
- Aveva Group plc
- Hexagon AB
- Inmarsat Global Limited
- Siemens
- SSI
- Damen Shipyards Group
- KRANENDONK Production Systems BV
- Aras
- Kreyon Systems Pvt Ltd.
- BAE Systems
- SAP
- Wartsila
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIGITAL SHIPYARD MARKET, BY TYPE
CHAPTER 5: DIGITAL SHIPYARD MARKET, BY TECHNOLOGY
CHAPTER 6: DIGITAL SHIPYARD MARKET, BY CAPACITY
CHAPTER 7: DIGITAL SHIPYARD MARKET, BY DIGITALIZATION LEVEL
CHAPTER 8: DIGITAL SHIPYARD MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Digital Shipyard Market is expected to experience a significant growth rate of 19.8% from 2023-2032 owing to increasing demand of advanced built shipyards across the globe.A shipyard (also called a dockyard) is a place where ships are built and repaired. The shipbuilding companies have been 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 a term applied to the adoption of Industry 4.0 capabilities in designing, building, and maintaining 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 key factors driving the growth of the digital shipyard market are 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 which supplements the growth of the market across the globe. A rise has been witnessed in the demand for transportation of cargo through water ways as a lot of cargos are being efficiently transferred securely to the other end. Moreover, cargo ships are less expensive for shipping goods as compared to road and air transits, and 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, boost the demand for the autonomous cargo ships globally. For instance, Norwegian-based Yara Birkeland planned 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, which is expected to foster the demand for digital shipyards, thus boosting the market growth.
The market also offers opportunistic factors to the key players operating in the market to enhance their services, which creates ample opportunities for the growth of the market across the globe. This includes factors such as rising implementation of robot technology in shipbuilding industry and increasing use of industrial internet of things (IIoT). Several IIoT and emerging technologies, such as 3D modelling, digital twin, artificial intelligence, augmented reality & virtual reality, and high-performance computing (HPC) are contributing to the rise of the digital shipyard. They can be roughly divided into three categories, such as the production or building phase; the servicing or maintenance phase; and the delivery or control phase.
The benefit of deploying these technologies in the digital shipyard is to reduce overall production time, and to improve the overall quality, reliability, and safety of the end product. For instance, in 2022, Birdon Group, an Australian Shipyard, partnered with Siemens Xcelerator portfolio to develop a digital shipyard to service both Australian and international shipbuilding customers. Hence, many major shipbuilders in the commercial and defense sectors are adopting a combination of several IIoT and emerging technologies to create a digital shipyard for the future, which is anticipated to create growth opportunities for the digital shipyard market.
The digital shipyard market is segmented on the basis of type, technology, capacity, digitalization level, and region. 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 others. 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 (U.S., Canada and Mexico), Europe (UK< Germany, France, Italy, Greece, Norway, Denmark and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
The key players profiled in the study include Accenture, Altair Engineering Inc., Aras, AVEVA Group Plc, BAE Systems Plc, Damen Shipyards Group, Dassault Systems, Hexagon AB, iBASEt, Inmarsat Global Limited, Kranendonk Production Systems BV, Kreyon Systems Pvt. Ltd., Pemamek OY, PROSTEP AG, SAP SE, Siemens, SSI, and Wartsila. Developments have been carried out by the key companies which has created ample space for the growth of the market across the globe. For instance, in July, 2023, Altair acquired OmniV a software company. The acquisition is expected to help Altair to enhance its product offerings with OmniV’s expertise. Similarly, in February 2023, Hexagon AB launches Nexus. An open, adaptable, and future-ready digital reality platform designed specifically for the discrete manufacturing ecosystem, ranging from aerospace, automobiles, and electronics to consumer goods and general manufacturing. The product launch help the company to extend its product portfolio. Such developments have created ample opportunities for the growth of the market across the globe.
Key Market Insights
By type, the Commercial Shipyards segment was the highest revenue contributor to the market, and is estimated to reach $5.44 billion by 2032, with a CAGR of 20.6%.By technology, the robotic process automation segment dominated the global market, and is estimated to reach $2.84 billion by 2032, with a CAGR of 16.8%.
By capacity, the medium shipyards segment was the highest revenue contributor to the market, with $3.40 billion in 2032, with a CAGR of 18.4%.
By digitization level, the semi-digital shipyard segment was the highest revenue contributor to the market with $5.74 billion in 2032, with a CAGR of 18.8%.
By region, Asia-Pacific was the highest revenue contributor, accounting for $2.82 billion in 2032, with a CAGR of 18.6% during the forecast period.
Companies Mentioned
- Accenture
- iBase-t
- Pemamek
- PROSTEP AG
- Dassault Systemes
- Altair Engineering Inc.
- Aveva Group plc
- Hexagon AB
- Inmarsat Global Limited
- Siemens
- SSI
- Damen Shipyards Group
- KRANENDONK Production Systems BV
- Aras
- Kreyon Systems Pvt Ltd.
- BAE Systems
- SAP
- Wartsila
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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