The digital shipyard market is estimated at $693 million in 2020 and is expected to reach $3,967 million in 2030 at a CAGR of 19% from 2020 to 2030. Key factors expected to drive the digital shipyard market in the coming years.
A full report of Digital Shipyard Market is available at: https://www.orionmarketreports.com/digital-shipyard-market/45500/
COVID-19 impact
The rapid spread of the coronavirus is having a major impact on the global shipping market due to a sudden decline in demand for goods. Pre-planned tours and cruises will be cancelled. Shipping orders are also cancelled. This has adversely affected large tankers and large bulk carriers. In addition, declining container shipping has slowed global economic activity. The surge in COVID-19 cases in Europe, North America and elsewhere has significantly hampered investment and project schedules in digital shipyard development. Thus, the COVID-19 outbreak is expected to limit the digital shipyard market over the next two years.
Digital Shipyard Market –Segmentation
On the basis of shipyard type
• Commercial Shipyards
• Military Shipyards
On the basis of technology
• Augmented & Virtual Reality (AR & VR)
• Digital Twin & Simulation
• Additive Manufacturing
• Artificial Intelligence & Big Data Analytics
• Robotic Process Automation
• Industrial Internet of Things (IIoT)
• Cybersecurity
• Blockchain
• Cloud Computing & Master Data Management
On the basis of capacity
• Small Shipyards
• Medium Shipyards
• Large Shipyards
On the basis of process
• Research & Development
• Design & Engineering
• Manufacturing & Planning
• Maintenance & Support
• Training & Simulation
On the basis of digitalization level
• Fully Digital Shipyard
• Semi Digital Shipyard
• Partially Digital Shipyard
On the basis of end use
• Implementation
• Upgrades & Services
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
