Precision Business Insights has published a report on the global digital shipyard market, estimating its value at USD 1,627.4 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 18.42% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/digital-shipyard-market
Market Definition:
Digital shipyards use Industry 4.0 capabilities of "Cyber-Physical Systems" (CPS) and the Internet of Things (IoT) to modernize shipyards. CPS-deployed sensors and monitoring systems can transmit massive amounts of data to an IoT device, greatly reducing operational downtime, and sharing the collected data with other IoT devices in an industrial setting, a phenomenon known as the Industrial IoT, or IIoT. Having a connected shipyard can lower maintenance costs through Predictive Maintenance and energy monitoring for increased efficiency.
Drivers:
1) Rise in adoption of digital twin in the ship
2) Rise in internatinal seaborn trade.
The global digital shipyard market segmentation:
1) By Type: Military Shipyards and Commercial Shipyards.
2) By Technology: Artificial Intelligence and Big Data Analytics, Robotic Process Automation, AR & VR, And Others.
3) By Capacity: Large Shipyards, Small Shipyards, And Medium Shipyards.
4) By Digitalization Level: Semi-Digital Shipyards and Fully-Digital Shipyards.
Regional Overview:
The report also examines the current concerns and their Future Effects on the digital shipyard market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the digital shipyard market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global digital shipyard market report are Dassault Systemes, Siemens, AVEVA Group Plc, SAP, Hexagon, Altair Engineering, Inc, Wartsila, Inmarsat Plc.
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