According to Fortune Business Insights™, the global digital shipyard market was valued at USD 963.6 million in 2020 and is projected to grow from USD 1,129.6 million in 2021 to USD 3,444.5 million by 2028, exhibiting a CAGR of 17.27% during the forecast period. This growth is primarily driven by rising demand for modernization in shipbuilding, adoption of Industry 4.0 technologies, and a growing shift toward automation and operational efficiency in the global maritime industry.

Market Overview

Digital shipyards represent a transformative evolution in shipbuilding, utilizing advanced technologies like IoT, AI, robotics, digital twins, and additive manufacturing to replace traditional production methods. These innovations allow for real-time decision-making, life-cycle optimization, and greater production agility.

The deployment of cyber-physical systems (CPS) and robotic process automation (RPA) in shipyards worldwide is improving precision, reducing manufacturing costs, and accelerating delivery schedules. As global maritime trade expands and naval fleets modernize, demand for digital shipyards is increasing rapidly.

Key Market Insights

• Digital shipyards leverage 3D modeling, digital twin simulations, IoT-enabled sensors, and AI to streamline ship design, maintenance, and operations.
• Leading shipbuilders are turning to predictive analytics and automated systems to improve efficiency and safety.
• In December 2019, Navantia selected Siemens Digital Industries Software to fully digitalize its shipbuilding operations in Spain.

Key Companies Profiled

• IFS AB (Sweden)
• Pemamek Oy (Finland)
• Dassault Systèmes (France)
• BAE Systems (UK)
• Altair Engineering Inc. (U.S.)
• AVEVA Group Plc. (UK)
• Wärtsilä (Finland)
• KUKA AG (Germany)
• Damen Shipyards Group (Netherlands)