Product Code: GVR-4-68040-126-0
Digital Shipyard Market Growth & Trends:
The global digital shipyard market size is estimated to reach USD 9.88 billion by 2030, registering to grow at a CAGR of 22.1% from 2025 to 2030 according to a new report by Grand View Research, Inc. The rising adoption and use of IoT technologies in the shipbuilding industry drive the market growth. In addition, the IoT facilitates the connectivity and communication of numerous shipyard devices and systems, resulting in increased efficiency and productivity.
Due to the expansion of global trade and tourism activities via ships, the market is expected to experience significant growth in the coming years. Companies increasingly hire digital shipyards to integrate augmented reality/ virtual reality and IoT into their shipyard operations. This integration aims to enhance operational efficiency. For instance, in April 2022, Wartsila introduced virtual and augmented simulation solutions that leverage the latest AR and VR technology. These solutions create immersive environments that simulate real-life shipboard operations, improving learning retention, job performance, and team collaboration. As a result of the increasing adoption of process automation, the global market is expanding rapidly.
In the shipbuilding industry, a shipyard is a facility for constructing and repairing ships. In recent years, shipbuilding companies have made a concerted effort to automate their processes, resulting in significant time savings during ship construction. Concurrently, there is a growing trend towards digitization within the shipbuilding industry. The concept of a "digital shipyard" aligns with the principles of Industry 4.0, allowing for enhanced predictive and maintenance planning capabilities by utilizing sensors and monitoring systems within cyber-physical systems (CPS). These systems can generate and transmit substantial amounts of data to IoT devices. This gathered data can then be shared with various IoT devices in a business environment referred to as the Industrial Internet of Things (IIoT), ultimately reducing workloads and improving overall operational efficiency.
The importance of a digital twin in the shipyard market lies in its ability to revolutionize shipbuilding and maintenance processes. A digital twin is a virtual replica of a physical ship or shipyard that is continuously updated with real-time data. Digital twins enable shipyards to create advanced 3D models and simulations, allowing for more accurate planning and design. This helps identify potential issues and optimize ship construction processes, reducing costs and time-to-market. Moreover, digital twins comprehensively understand ship and equipment performance in real time. This allows for continuous monitoring and optimization of operations, ensuring optimal efficiency and performance throughout the ship's lifecycle.
Digital Shipyard Market Report Highlights:
- The hardware segment dominated the overall market, gaining a market share of over 46.0% in 2024.
- In terms of shipyard type, the market is classified into commercial and military. The commercial segment dominated the overall market with a market share of 51.6% in 2024.
- The large capacity segment dominated the market in 2024 and accounted for a market share of 44.3% and is anticipated to retain its dominance over the projected period.
- The AI/Big Data segment dominated the market in 2024 and accounted for a market share of 24.2%.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Digital Shipyard Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Digital Shipyard Market Solution Outlook
- 4.1. Digital Shipyard market, By Solution Analysis & Market Share, 2024 & 2030
- 4.2. Hardware
- 4.2.1. Hardware Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3. Software
- 4.3.1. Software Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Digital Shipyard Market Shipyard Type Outlook
- 5.1. Digital Shipyard market, By Shipyard Type Analysis & Market Share, 2024 & 2030
- 5.2. Commercial
- 5.2.1. Commercial Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3. Military
- 5.3.1. Military Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Digital Shipyard Market Capacity Outlook
- 6.1. Digital Shipyard market, By Capacity Analysis & Market Share, 2024 & 2030
- 6.2. Small
- 6.2.1. Small Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3. Medium
- 6.3.1. Medium Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4. Large
- 6.4.1. Large Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. Digital Shipyard Market Technology Outlook
- 7.1. Digital Shipyard market, By Technology Analysis & Market Share, 2024 & 2030
- 7.2. AR/VR
- 7.2.1. AR/VR Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3. Digital Twin
- 7.3.1. Digital Twin Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.4. Additive Manufacturing
- 7.4.1. Additive Manufacturing Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.5. AI & Big Data
- 7.5.1. AI & Big Data Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.6. High Performance Computing (HPC)
- 7.6.1. High Performance Computing (HPC) Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.7. Blockchain
- 7.7.1. Blockchain Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.8. Others
- 7.8.1. Others Digital Shipyard Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. Digital Shipyard market: Regional Estimates & Trend Analysis
- 8.1. Digital Shipyard Market Share, By Region, 2024 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.4. Australia
- 8.4.4.1. Australia Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.6. India
- 8.4.6.1. India Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Digital Shipyard Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Digital Shipyard Market Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. SAP
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Wartsila
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. BAE Systems
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Dassault Systemes
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. AVEVA Group Limited
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Siemens
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Accenture
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Hexagon AB
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. Inmarsat Global Limited
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Damen Shipyards Group
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives