Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Digital Shipyard Market size is poised to increase from USD 1.39 billion in 2024 to USD 12.77 billion by 2037, registering a CAGR of more than 18.6% during the forecast period, from 2025 through 2037. Currently in 2025, the industry revenue of digital shipyard is evaluated at USD 1.57 billion.
The growth of the global digital shipyard market trend is primarily attributed to the growing adoption of robots, and digital and automation technology in the shipbuilding process during the forecast period. The sales of industrial robots reported an increase of almost 27% in America with a new record of 4.86 million units shipped globally.
Robotic process automation (RPA) is currently developing business process automation technology based on the idea of software robots and artificial intelligence (AI). It helps to mimic the back-office tasks of humans. Also, robotic process automation reduces the risk of death and accidents in workplaces such as warehouses. According to International Labor Organization (ILO), over 340 million workplace accidents occur annually leading to 2.3 million deaths across the world.
Digital Shipyard Sector: Growth Drivers and Challenges
Growth Drivers
- Increased Use of Industrial Internet of Things (IoT) – The number of IoT devices is estimated to grow to 20 billion by 2020, up from 8.4 billion in 2017.
- Enhanced Implementation of Robotic Technology – Robotic process automation drives rapid, significant improvement across industries such as shipyards around the world during the forecast period. Besides, robotic process automation easily matches workload and responds to big demand spikes. In 2021 the sea service requested a budget of USD 550 million in funding for research and development of large and medium unmanned vehicles and USD 61 million for core technologies of extra-large unmanned vehicles.
- Decrease in Production Cost– With sophisticated seismic data processing and sensor utilization, increased use of digital technology applications potentially results in production cost reductions of 10% to 20%.
- Rise in Seaborne Trade– The number of merchant ships trading internationally to transport every kind of cargo was over 50,000.
- Digital Twin Technology Adoption –In 2018, the U.S launched a20-year Shipyard Infrastructure Optimization Program (SIOP) worth USD 21 billion, as an initiative to upgrade all 100-year-old public shipyards.
Challenges
- Displaces Workers and Lowers Morale – To reduce costs, shipyard staff are not being transferred or terminated from their existing positions. Instead, a position is carefully examined to determine whether it is withdrawn and handed to the waterfront to boost the number of employees working directly to assist a project when one employee goes on, whether via promotion, retirement, finding a job outside the shipyard, or other ways. As per OECD (Organization for Economic Co-operation and Development) data, 14% of jobs are at risk of automation technology in 2021.
- Need for High Capital Investment
- High Maintenance Cost and Expensive Software
Digital Shipyard Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
18.6% |
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Base Year Market Size (2024) |
USD 1.39 billion |
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Forecast Year Market Size (2037) |
USD 12.77 billion |
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Regional Scope |
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Digital Shipyard Segmentation
Technology {Artificial Intelligence & Big Data Analysis, Robotics Process Automation, Augmented & Virtual Reality (AR & VR)}
The robotic process automation segment is anticipated to hold the largest market size by the end of 2037. Making an organization more flexible, profitable, and responsive by increasing employee satisfaction, engagement, and productivity by removing repetitive tasks from workers. With the use of robots in industries productivity increased by 5% and working hours decreased by 3%.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Capacity |
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By Technology |
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By Digitalization Level |
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Customize this ReportDigital Shipyard Industry - Regional Synopsis
North America Market Forecast
The North America digital shipyard market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, on the back of the high penetration rate of automation technology and process management among governments and enterprises. The U. S, Canadian, and Mexican companies ordered up to 28% more i.e., 11,595 industrial robots compared to the first quarter of 2021. Further, increased implementation of robotic process automation in various business functions such as data entry, accounting, finance, procurement detail, and record management influence the market growth. The North American robotics market trend experience a rose in revenue by 43% and reached a value of USD 664 million in 2021.
Companies Dominating the Digital Shipyard Landscape
- IFS World Operations AB(IFS)
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- IBM Corporation
- Accenture PLC
- AVEVA Group Plc
- Pemamek Oy
- Dassault Systemes SAS
- Siemens AG
- Wartsila Corporation
- Inmarsat Global Limited
- PROSTEP INC
- Damen Shipyards Group
In the News
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AVEVA Group plcto implement more efficient projects and offer the marine industrynew features to connect business-critical processes of engineering, design, planning, construction, and operations. New tools are developed to optimize project execution, shipyard operations, and vessel performance through digitalization across the marine lifecycle.
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Accenture was selected to assist Navantia in the development and implementation of ‘Shipyard 4.0’ to enhance the efficiency of ship design and construction.
Author Credits: Abhishek Verma
- Report ID: 4228
- Published Date: Mar 21, 2025
- Report Format: PDF, PPT
