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 significant growth is driven by increasing demand for modernization in shipbuilding, the integration of Industry 4.0 technologies, and a global shift toward automation and operational efficiency in the maritime sector.
Digital shipyards represent the transformation of conventional shipbuilding facilities through the integration of advanced technologies such as IoT, AI, robotics, big data analytics, digital twin, and additive manufacturing. The implementation of these technologies enables real-time decision-making, lifecycle optimization, and streamlined ship design and production processes.
The adoption of cyber-physical systems (CPS) and robotic process automation (RPA) is accelerating across global shipyards to enhance manufacturing accuracy, reduce production costs, and shorten delivery timelines. The rise in global maritime trade, coupled with the growing need for technologically enabled fleet renewal, continues to propel the market forward.
https://www.fortunebusinessinsights.com/digital-shipyard-market-106561