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Digital Shipyard Market: Asia Pacific Industry to Accrue Massive Gains by 2026-End

digital shipyard market growth includes the expansion of manufacturing activities along with proliferation of technological advancements in the field

Selbyville, Delaware – A key factor analyzed by GMI for digital shipyard market growth includes the expansion of manufacturing activities along with proliferation of technological advancements in the field. Moreover, rising focus on modernization and procurement plans is expected to provide a boost to the global market over the forthcoming years. Furthermore, increasing international seaborne trade and hefty investments by myriad shipyard companies would enable global digital shipyard market to register substantial growth.

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For instance, Fr. Lurssen shipyard and PROSTEP AG unveiled the ProPros research scheme on February this year. The project is aimed to study the use of digital twin technology for manufacturing and assembly processes at shipyards while understanding its use in status control and optimization for shipbuilding production. However, increased vulnerability to cyber threats regarding deployment of digital shipyard software solutions might impede the digital shipyard market expansion over the years.

Growth will predominantly come from Asia Pacific region. This can be attributable to the expanding growth across emerging economies like China and India on the grounds of their efforts to modernize and adopt marine vessels for upgradation of shipyards while looking forward for maintain a strong foothold in the marine sector. In line with this, increasing awareness pertaining to the importance of upgradation and use of intelligent technologies in the marine industry has produced a demand spurt for digital shipyards. The region is also blessed with a robust presence of leading shipyards including Mitsubishi Heavy Industries, Hyundai Heavy Industries, Cochin Shipyard, and others.

Robotics and automation, AM, blockchain, IoT, VR/AR, and digital twin technology will continue to remain as key technologies in the digital shipyard market. Of these, robotic and automation segment is expected to capture significant stake in the overall market share, perhaps due to mounting demand for time-saving and advanced solutions in shipyard processes. Robotics and automation technology allows companies to manipulate software or robots to automate vivid business processes. These are developed to deliver direct profitability, establish communication with other systems, and perform repetitive tasks.

This report provides a detailed and comprehensive analysis on the “Digital Shipyard Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2020 – 2026”, including:

  • Digital shipyard market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
  • Major digital shipyard industry trends, technology evolution, economic indicators and business challenges
  • Regulatory and geopolitical trends impacting the industry
  • Business drivers and pitfalls impacting key regional markets
  • Competitive landscape of the industry and detailed profiles on the major companies

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Companies mentioned in the digital shipyard market report include:

  • Accenture
  • Altair engineering, inc.
  • Aras
  • Aveva group plc
  • BAE Systems
  • Damen shipyards group
  • Dassault Systems
  • Hexagon
  • Ibaset
  • Inmarsat plc
  • Kranendonk smart robotics
  • Kreyon systems pvt ltd
  • Kuka ag
  • Pemamek ltd
  • Prostep ag
  • Siemens
  • Wartsila

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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