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. Asia Pacific led the global market in 2020 with a 33.55% share, driven by the dominance of major shipbuilding nations such as South Korea, China, and Japan.
The digital shipyard refers to the integration of Industry 4.0 technologies into the design, production, and maintenance of marine vessels. These shipyards utilize advanced systems including the Internet of Things (IoT) and Cyber-Physical Systems (CPS) to modernize and optimize shipbuilding operations. Key tools such as 3D modeling, 3D scanning, 3D printing, and digital twin technologies are widely implemented to enhance manufacturing precision, reduce errors, and improve lifecycle management.
The growing global demand for modernization in shipbuilding processes, increased adoption of automation, and the need for faster and more cost-efficient ship construction are expected to significantly boost market growth in the coming years.
Fortune Business Insights™ presents this data in its report titled “Global Digital Shipyard Market, 2024–2032.”
Key Companies in the Digital Shipyard Market:
Source:
https://www.fortunebusinessinsights.com/digital-shipyard-market-106561
Key Market Segmentation: