CHICAGO, Aug. 3, 2022 /PRNewswire/ — Digital Shipyard Market is projected to grow from USD 1.3 billion in 2022 to USD 5.5 billion by 2030, at a CAGR of 19.1% during the forecast period, according to a new report by MarketsandMarkets™. The need for shipbuilders to meet reduced lifecycle costs, pursue better investment strategies, streamline the shipbuilding process, and reduce overhead costs have motivated shipbuilders to invest in digital shipyard solutions. This is one of the main factors driving the growth of the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6854923
Browse in-depth TOC on “Digital Shipyard Market”
323 – Tables
47 – Figures
327 – Pages
The Medium shipyard Segment is estimated to lead the digital shipyard market in the forecast period
Based on Shipyard type, the medium shipyard segment of the digital shipyard market is accounted for the highest growth during the forecast period. Medium sized shipyards often face challenges in terms of financial resources, scarcity of skilled personnel, limited access to technologies, etc., which impact the overall growth of the industry. However, with the help of Smart Solutions and SmartYard prototypes, companies can characterize the design, production, and delivery processes of the digital shipyard. These innovative solutions and technologies ensure complex data consistency, reduce errors, increase reproducibility, and enhance quality.
The manufacturing & planning segment is expected to have largest market share in 2022
Based on process, the manufacturing & planning segment accounted for the largest growth of the digital shipyard market during the forecast period. Digital transformation in shipbuilding is a complex and lengthy process that demands careful planning and timely decision-making. Efficient planning proposes appropriate tools to facilitate process design & sequencing, production BOM & BOP management, time management, 3D shipyard layout, and ergonomic analysis. These management tools also help plan workflows, automate non-value-added planning tasks, and validate the optimal shipbuilding plan and digital shipyard.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=6854923
Asia Pacific Region is expected to witness largest market share in the forecast period
Asia Pacific Region is witnessing highest growth among all the regions. The marine industry is one of the most profitable in Asia Pacific. According to the United Nations Conference on Trade and Development (UNCTAD) in 2021, countries such as China, Japan, and the Republic of Korea retained their leadership in global ship production, representing 90% of shipbuilding activity.
Key players operating in the digital shipyard market include Siemens (Germany), Dassault Systemes (France), Accenture (Ireland), SAP (Germany), BAE Systems (UK) among others solution, service and equipment providers. These players offer comprehensive solution to key stakeholders in the market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=6854923
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Vessel Traffic Management Market by End User (Commercial, Defense), Component (Equipment, Solution, Service), Investment (Brownfield, Greenfield), System, Onboard Components (Equipment, Solution), and Region (2022-2027)
Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Region (2020-2025)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/digital-shipyard-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/digital-shipyard.asp