Definition:
The entire Digital Shipyard concept aims to address operational efficiency, so things can be done in a safer, faster and smarter way. This has a large impact on costs and schedule and therefore has an easily defined tangible benefit to shipyard operations during design, construction and maintenance.
Market overview:
The global digital shipyard market was estimated at $ 693 million in 2020 and is expected to reach $ 2,567 million by 2025. The market is also predicted to grow with a CAGR of 19.1% from 2021 to 2026.
The size of the digital shipyard market is expected to increase significantly in the coming years due to increased global trade and tourism activities via ships. Digital Shipyard is committed to integrating various digital technologies, such as AR/VR and IoT, in a shipyard, resulting in greater operational efficiency.
COVID-19 impact on Digital Shipyard Market:
The unprecedented outbreak of coronavirus had a positive impact on the digital shipyard market compared to other industries. A limited number of operational personnel to minimize the possibility of contamination, coupled with limited operational resources, pose a demand for digitization and process automation. For example, in April 2020, the Port of Gothenburg experienced growth in the adoption of digitization due to the COVID-19 outbreak. Various operations, such as portal operations, which require human presence, are now digitized.
Recent developments:
• In February 2020, P. Lürssen shipyard and PROSTEP AG introduced the ProProS research project. The goal of this project is to develop a digital twin for the making of shipyard and assembly processes and apply it for monitoring status and optimization of shipyard manufacturing.
• In January 2020, Wartsila produced a carbon fiber lifting tool through additive manufacturing. This 3D printed tool will be used as custom material for freighters to move heavy engine parts.
• In December 2019, the European shipbuilder Navantia selected Siemens Digital Industries Software as a technology partner to digitize the company's shipbuilding process.
• In October 2019, Siemens Digital Industries Software announced the launch of its new Simcenter system simulation solutions, designed to help industries with accurate and competitive system models.
• In November 2019, Singapore-based Wartsila and PSA Marine agreed to collaborate on co-creating smart technologies for the maritime industry. Areas considered in the collaboration include the use of electric or hybrid technologies; the incorporation of next-generation smart ship technologies; adopt secure connectivity to facilitate data exchange between vessels; and marketing and branding activities.
• In May 2019, SAP and Accenture entered into an agreement to jointly innovate and develop a new SAP cloud utility solution to help shipbuilding companies effectively manage business processes and the customer experience.
• In December 2018, MV Werften Shipbuilding Company renewed its agreement with AVEVA Group Plc to continue using its wide range of software solutions and technologies.
Market Drivers and Restraints:
Growing use of cloud-based maintenance systems due to increase in maritime commerce and increased purchase of advanced vessels by navies are some of the major factors responsible for the growth of digital shipyard market. In addition, the implementation of highly sophisticated and complex technologies like digital twin, augmented reality and virtual reality to enhance the overall performance of shipyards is supposed to offer many growth opportunities for players operating in the global digital shipyard market.
Market Segmentation:
The global digital shipyard market is segmented on the basis of shipping type, technology, capacity, process, and level of digitization.
Based on the type of shipment, the digital shipyard market is segmented into military and commercial.
On the basis of capacity, the digital shipyard market is segmented into small, medium and large.
Based on the level of digitization, the digital shipyard market is segmented into fully digital shipyards and semi-digital shipyards.
On the basis of technology, the global digital shipyard market is mainly segregated into digital twin, 3D printing, AR VR, blockchain, IIoT, robotic process automation (RPA). Among these, the robotic process automation segment is expected to dominate the digital shipyard market by 2030. Robotic process automation involves automating various business processes using AI or software robots. This kind of automation allows companies to control computer software or robots to automate several end-user businesses. They are designed to deliver direct profitability, perform repetitive tasks, and communicate with other systems within the business, just as humans do. The growing demand for sophisticated and fast solutions is driving the market for robotic process automation in digital shipyards.
Based on this process, the global digital shipyard market is divided into research & development, design & engineering, manufacturing & planning, maintenance & support, training & simulation. Among these, the manufacturing and planning segment is likely to experience significant growth in the global digital shipyard market by the end of 2026. Manufacturing and planning is an important phase and plays a vital role in bringing about implementation of the concept of a digital shipyard. The process involves the use of various smart technologies such as additive manufacturing, robotic process automation, cloud computing, and blockchain and master data management.
Regional Analysis:
Based on the geography, the global digital shipyard market is divided into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Among these, North America and Europe accounted for the significant portion due to the presence of leading companies and early adoption of novel technologies in end-user verticals.
Key market players:
The main players in the global digital shipyard market are Siemens (Germany), Dassault Systemes (France), AVEVA Group Plc (UK), Accenture (Ireland), SAP (Germany), BAE Systems (UK), Hexagon (Sweden), Altair Engineering, Inc. (US), Wartsila (Finland), Inmarsat Plc (UK), IFS AB (Sweden), Pemamek Ltd. (Finland), Aras (United States), Kreyon Systems Pvt. Ltd. (India), SSI (Canada), Kuka AG (Germany), Ibaset (USA), Prostep AG (Germany), Kranendonk Smart Robotics (Netherlands) and Damen Shipyards Group (Netherlands), among others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Digital Shipyard Market, By Shipyard Type
6.1.1 Commercial
6.1.2 Military
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Digital Shipyard Market, By Technology
6.2.1 AR/VR
6.2.2 Blockchain
6.2.3 Digital Twin
6.2.4 Additive Manufacturing
6.2.5 IIoT
6.2.6 RPA
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
6.3 Digital Shipyard Market, By Capacity
6.3.1 Large
6.3.2 Medium
6.3.3 Small
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Digital Shipyard Market, By Digitalization Level
6.4.1 Fully Digital
6.4.2 Semi-Digital
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Digital Shipyard Market, By Process
6.5.1 Research & Development
6.5.2 Design & Engineering
6.5.3 Manufacturing & Planning
6.5.4 Maintenance & Support
6.5.5 Training & Simulation
6.5.6 Market Size Estimations & Forecasts (2021-2026)
6.5.7 Y-o-Y Growth Rate Analysis
6.5.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Shipyard Type
7.2.3 By Technology
7.2.4 By Capacity
7.2.5 By Digitalization Level
7.2.6 By Process
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Shipyard Type
7.3.3 By Technology
7.3.4 By Capacity
7.3.5 By Digitalization Level
7.3.6 By Process
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Shipyard Type
7.4.3 By Technology
7.4.4 By Capacity
7.4.5 By Digitalization Level
7.4.6 By Process
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Shipyard Type
7.5.3 By Technology
7.5.4 By Capacity
7.5.5 By Digitalization Level
7.5.6 By Process
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Shipyard Type
7.6.3 By Technology
7.6.4 By Capacity
7.6.5 By Digitalization Level
7.6.6 By Process
8. Key Player Analysis
8.1 Siemens
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Dassault Systemes
8.3 AVEVA Group Plc
8.4 Accenture
8.5 SAP SE
8.6 BAE Systems
8.7 Hexagon
8.8 Altair Engineering, Inc
8.9 Wartsila
8.10 Inmarsat Plc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
