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Digital Shipyard Market by Shipyard Type (Military and Commercial), Digitalization Level (Partially Digital, Semi Digital and Fully Digital), Capacity (Small Shipyard, Medium Shipyard and Large Shipyard), Technology (Cloud Computing, Block Chain, Artificial Intelligence, Big, Data Analytics, Augmented & Virtual Reality and Others), and Process (Training & Simulation, Design & Engineering, Research & Development, Maintenance & Support and Manufacturing & Planning): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A09171 | Pages: NA | Aug 2021 | 580 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
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The global digital shipyard market is experiencing a significant growth due to surge in automation of processes. Digital shipyard utilizes technology to automate & digitalize the activities of a shipyard. Ship manufacturers can depend on digital technologies to carry out operations effectively. Digital shipyard provides software and technology such as enterprise resource planning (ERP), manufacturing execution system (MES), computer aided-designing (CAD), and product lifecycle management (PLM). Moreover, digital shipyard delivers cheap & effective solutions to design & construction by synchronizing the information between entire supply chain. Further, digitalization & automation of shipyard enables real-time collaboration between different teams of shipbuilding project.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered | Shipyard Type, Digitalization Level, Capacity, Technology, Process, and Region |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | IFS AB, Dassault Systemes, Siemens, BAE Systems, Accenture, Altair Engineering Inc., Kranendonk Smart Robotics, Pemamek Ltd., Inmarsat PLC, and Hexagon. |
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COVID-19 scenario analysis:Â
Shipyards are forced to stop all ship building operations due to government-imposed lockdown in the wake of COVID-19 pandemic.
Ship manufacturers are facing short-term operational issues due to supply chain disruption caused by the governments initiatives to slow the spread of COVID-19.
Digitalization projects of shipyards are put on hold due to lack of workforce owing to the travel restrictions imposed by the governments to control the COVID-19 outbreak.
Naval ship building projects such as submarine and destroyers are prone to delay due to delay in procurement of state-of-art equipment & components essential for such naval vessels, since countries are witnessing financial globally during COVID-19 scenario.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in modernization of defense shipyards, increase in demand for commercial ships due to increased maritime trade, and rise in adoption of digital twin are some of the factors that drive the global digital shipyard market. However, high cost of digitalization and training cost products hinder the market growth. On the contrary, new manufacturing technologies, automated process, and artificial intelligence present new pathways in the industry.
The global digital shipyard market trends are as follows:
Surge in modernization of defense shipyards
Defense shipyards need to build large fleets at lower costs to meet the requirement of growing naval fleet. For instance, in 2020, CACI International (a professional services & information technology company headquartered in Virginia, US) received a contract of 249 million USD by US Navy to provide digital solutions for improved efficiency & affordability in ship design, manufacturing, and life cycle support. CACI International engineers plan to leverage adapted off-the-shelf technical solutions digital twin shipyard production model, modernization of US Navy’s data management, and acquisition forecasting techniques for modernization of the naval shipyard. Such initiatives in digitalization of defense shipyards are expected to boost the global digital shipyard market.
Rise in adoption of digital twin
Digital twin is replica of physical device used to run simulations before actual devices are built and deployed. Recently, in 2019, US Navy launched 21 billion USD program to create digital twin models of its aging & outmoded shipyards. Digital twins will assess and optimize shipyard infrastructure to give them a thorough overhaul & revamp in a period of 20 years. Such substantial long-term investment in modernization of shipyards using digital twins will drive the global digital shipyard market.
Key segments covered:
Segments | Sub-segments |
 Shipyard Type |
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 Digitalization Level |
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 Capacity |
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 Technology |
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 Process |
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Key benefits of the report:
- This study presents the analytical depiction of the global digital shipyard industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global digital shipyard market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global digital shipyard market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global digital shipyard market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions answered in the digital shipyard market research report:
- Which are the leading market players active in the digital shipyard market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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