The global digital shipyard market size was USD 963.6 million in 2020. The market is projected to grow from USD 1,129.6 million in 2021 to USD 3,444.5 million in 2028 at a CAGR of 17.27% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Digital Shipyard Market, 2021-2028.” As per our analysts, the growing demand for modernization in shipbuilding is anticipated to bolster the growth of the digital shipyard market.

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https://www.fortunebusinessinsights.com/digital-shipyard-market-106561

The digital shipyard market has seen significant growth in recent years as a result of the increasing adoption of digital technologies in the shipbuilding industry. Digital shipyards use advanced technologies such as digital twin, artificial intelligence, robotics, and automation to optimize production processes and improve the efficiency of shipbuilding operations. The benefits of digital shipyards include reduced production time and costs, improved quality and safety, and increased flexibility and customization. The market is expected to continue growing in the coming years, driven by the increasing demand for more efficient and cost-effective shipbuilding solutions, as well as the continued development of advanced digital technologies. Additionally, the growing focus on sustainability in the shipping industry is also expected to drive the adoption of digital shipyards, as these technologies can help reduce the environmental impact of shipbuilding operations.

List of Key Players Covered in the Report

• IFS AB (Sweden)
• Pemamek Oy (Finland)
• Dassault Systemes (France)
• BAE Systems (U.K.)
• Altair Engineering, Inc. (U.S.)
• AVEVA Group Plc (U.K.)
• Wartsila (Finland)
• KUKA AG (Germany)
• Damen Shipyards Group (Netherlands)
• Prostep AG (Germany)

Report Coverage

The report presents insightful visions gained by methodical study done by our researchers. A wide-ranging research was directed to deliver the assessed size of the digital shipyard market. The data utilized to project the shares for multiple segments at the country, regional, and global levels are attained from methodical interviews with various stakeholders. Furthermore, we have attained admittance to numerous global and regional paid databases to deliver accurate information to make business investment choices effortless for you.

Driving Factors

Augmented Utilization of Industrial Internet of Things (IIoT) in Shipbuilding Industry to Spur Growth