The global digital shipyard market was valued at USD 963.6 million in 2020 and is expected to reach USD 3,444.5 million by 2028, growing at a CAGR of 17.27% during the forecast period (2021–2028), according to Fortune Business Insights™. The market grew from USD 1,129.6 million in 2021, driven by increasing demand for modernization in shipbuilding processes. As shipbuilders seek greater efficiency, automation, and data-driven operations, digital technologies are playing a vital role in transforming traditional shipyards into smart, interconnected facilities.

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Technology Adoption Driving Market Growth

A digital shipyard leverages technologies such as digital twins, artificial intelligence (AI), robotics, additive manufacturing, and automation to streamline shipbuilding operations. These technologies significantly reduce production time and cost, enhance safety and quality, and allow for higher customization and flexibility. The growing focus on cost-efficiency, operational effectiveness, and reduced environmental impact is expected to further drive the adoption of digital shipyard solutions.

Key Market Players

Information Source

https://www.fortunebusinessinsights.com/digital-shipyard-market-106561

Role of IIoT in Shipyard Transformation

One of the key growth drivers is the increased utilization of the Industrial Internet of Things (IIoT) in shipbuilding. IIoT combines the power of machine learning, big data analytics, and advanced sensors to enhance decision-making and improve real-time operational efficiency. Shipyards are using IIoT to monitor machinery, predict maintenance needs, minimize downtime, and boost overall productivity—paving the way for smart manufacturing in maritime industries.