According to Fortune Business Insights™, the global digital shipyard industry size stood at USD 963.6 million in 2020 and is projected to surge from USD 1,129.6 million in 2021 to USD 3,444.5 million by 2028, registering a CAGR of 17.27% during the forecast period. This growth is being accelerated by the maritime sector’s transition toward Industry 4.0 technologies, automation, and operational efficiency in both commercial and defense shipbuilding.
Digital shipyards represent a paradigm shift in the shipbuilding industry. By leveraging IoT, artificial intelligence (AI), digital twins, robotics, and additive manufacturing, shipbuilders are replacing traditional methods with highly automated and data-driven processes. These advanced technologies enable real-time decision-making, improved life-cycle management, and greater production agility.
The integration of cyber-physical systems (CPS) and robotic process automation (RPA) is streamlining operations, lowering costs, and accelerating vessel delivery timelines. With maritime trade continuing to expand and governments modernizing naval fleets, digital shipyards are quickly becoming a strategic necessity.
Key companies driving digital shipyard innovation include: