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Ensuring the safety of maritime activities has become a top priority globally due to the rising threat of piracy and other challenges faced by the shipping industry. Piracy, in particular, poses a significant danger to ships worldwide. In 2017, there were approximately 180 reported incidents of piracy and armed robbery, with six vessels being hijacked. Although the number of such incidents has been decreasing, the impact on the safety of crew members remains a major concern. Additionally, issues like drug and arms trafficking, terrorism, and territorial disputes contribute to the overall security challenges faced by the maritime industry.
To address these concerns and enhance national safety, countries around the world are placing increased focus on strengthening maritime security. For example, the United States Navy is set to receive additional funding as part of a two-year defense spending package. This funding is expected to support the acquisition of 46 new ships over the next five years. Similarly, the growing maritime tensions between China and India have led both countries to bolster their maritime security efforts. China, for instance, commissioned 18 ships in 2016, including missile destroyers and guided missile frigates, with plans to increase its defense budget significantly. This focus on maritime security is not limited to major powers; countries in the Asia-Pacific region, including India and Japan, are also increasing their military spending to address regional challenges.
As countries continue to strengthen their naval capabilities, there is a growing demand for well-trained personnel to operate and manage these vessels. In response to this need, maritime simulation and virtual training have emerged as essential tools. These technologies facilitate training in various aspects of naval operations, including ship handling, navigation planning, search and rescue, anti-piracy measures, marine propulsion, and decision-making on naval warships. Importantly, virtual training provides a realistic environment without the associated dangers, risks, and costs of real-world exercises.
For example, the Australian Navy utilizes training programs offered by ASC Pty Ltd., incorporating innovative techniques such as virtual reality and simulation. These methods enhance familiarity with submarines and proficiency in maintenance tasks. The adoption of virtual solutions for training and simulation is becoming increasingly prevalent, driven by the growing emphasis on maritime security and the subsequent increase in naval budgets worldwide. This shift towards virtual training allows for more effective and efficient preparation of naval personnel while minimizing the logistical challenges and expenses associated with traditional training methods.
In conclusion, the global focus on maritime security, driven by concerns such as piracy, terrorism, and territorial disputes, has led to increased naval budgets and the strengthening of naval capabilities. As a result, the demand for well-trained personnel has risen, and virtual solutions for naval training and simulation have become integral to meeting this demand. The use of innovative technologies, including virtual reality and simulation, offers a safer and more cost-effective approach to preparing naval forces for the complexities of the modern maritime environment.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Process, Shipyard Type, Capacity, Technology |
Digital Shipyard Market Highlights:
Digital Shipyard Market Overview
Digital Shipyard Market Size is Anticipated to reach USD 4,768.33 Million by 2032 and register a CAGR of 20.2%.
The entire concept of digital shipyard aims to address operational efficiency and effectivity, to make the marine industry safer, faster, and smarter. This has a dramatic impact on the cost and schedule and therefore is easy to define tangible benefit to shipyard operations during design, building, and service.
Recent News:
In January 2024, the Wind Peak, a newly constructed vessel by Cadeler, was launched at the Cosco Shipyard in China. This vessel is specifically intended to transport and install up to seven complete sets of offshore wind turbines, each with a capacity of 15 MW, per load. Cadeler stated that the completion of the vessel's hull is a crucial milestone in the launch of Wind Peak. Prior to the launch, there is a two-year period of complex engineering and an 18-month period of constructing the P-class vessel. Cadeler states that following the launch, the jacking legs and cranes will be mounted on the ship, along with additional technological installations. Subsequently, the process of commissioning and testing all systems will commence. The sea testing is scheduled during the middle of 2024. Cadeler will conduct comprehensive testing of all ship systems in close cooperation with the classification society, as stated by the Danish offshore wind installation services firm.
Market Synopsis
The Global Digital Shipyard Market is expected to register significant growth during the forecast period owing to factors such as increasing international seaborne trade. Furthermore, the increasing procurement of advanced vessels by navies across the globe is also expected to drive the growth of the market. Additionally, increasing investment made by the shipyard companies in the digital shipyard market is also expected to drive the growth of the market. For example, in February 2020, Bremen-based Fr. Lürssen shipyard, the Machine Tool Laboratory (WZL) at RWTH Aachen University, and PROSTEP AG launched the ProProS research project. The project aims to research about the use of digital twin technology for manufacturing and assembly processes at shipyards and to use it for status control and optimization of shipbuilding production.
However, issues related to increased vulnerability to cyber threats and the high cost of acquisition of digital shipyard software solutions might hamper the growth of the market.
In November 2023, ABS and Seatrium Limited, a shipyard based in Singapore, successfully obtained a structural health monitoring notation for a self-elevating drilling unit (SEDU). The ADMARINE 686 is the first Structural Evaluation and Diagnostic Unit (SEDU) in the world to be awarded the ABS SMART (SHM) Notation. This notation acknowledges its capability to monitor and analyze the condition of various crucial structural components. It supports physics-based analysis and simulation, enabling a comprehensive assessment of the structural health and prediction of the performance of drilling and maritime assets.
Seatrium Offshore Technology, a subsidiary of Seatrium Group, is partnering with the Technology Centre for Offshore and Marine, Singapore (TCOMS) to construct a structural digital replica utilizing data collected from sensors on the SEDU. The twin has the ability to identify structural deterioration by analyzing the overall strength response. The structural health monitoring smart function is being implemented on an industrial Internet of Things (IoT) digital platform, allowing for connectivity between the rig and a shoreside station in Singapore.
Key Players
- Siemens (Germany)
- Dassault Systèmes (France)
- AVEVA Group plc (UK)
- Accenture (Ireland)
- SAP SE (Germany)
- BAE Systems (UK)
- HexagonAB (Sweden)
- Altair Engineering, Inc. (US)
- Wärtsilä (Finland)
- IBM Corporation
Other Prominent Players
- Inmarsat Plc (UK)
- IFS AB (Sweden)
- Pemamek Ltd (Finland)
- Aras Corporation (US)
- Kreyon Systems Pvt. Ltd (India)
- KUKA AG (Germany)
- iBASEt (US)
- PROSTEP (Germany)
- KRANENDONK Smart robotics (Netherlands)
- Damen Shipyards Group (Netherlands)
- Navantia (Spain)
Market USP
Technology advancements in the marine industry and increasing investment in connected and autonomous ships are expected to drive the growth of the market.
Market Drivers
- The rise in adoption of the digital twin in the shipbuilding industry: The growing demand for real-time information regarding ship maintenance and development is expected to drive the growth of the market.
- The rise in international seaborne trade
- Increasing procurement of advanced vessels by navies across the world
Market Restraints
- Issues related to cyber threats
- The high cost of acquisition
Segmentation
By Process
- Research & Development: The segment dominated the market in 2019. Increasing R&D activities in the digital shipyard market are expected to drive the growth of the segment.
- Design & Engineering: The increasing demand for sophisticated engineering solutions in shipyards is expected to drive the growth of the segment.
- Manufacturing & Planning: The increasing use of advanced manufacturing technologies and PLM solutions in shipbuilding is expected to drive the growth of the segment. Hence, the segment is expected to register the highest CAGR during the forecast period.
- Maintenance & Support: The increasing use of advanced technologies in the maintenance of shipyards and high cost associated with the development of new shipyards are expected to drive the growth of the segment.
- Training & Simulation: The increasing demand for training and simulation programs for the skilled workforce in the shipbuilding industry is expected to drive the growth of the segment.
By Shipyard Type
- Commercial Shipyards: The segment dominated the market in 2019 and is expected to register a higher CAGR during the review period. Increasing maritime trade and tourism across the globe are expected to drive the growth of the segment.
- Military Shipyards: The segment is expected to grow owing to the increasing procurement of advanced vessels by various navies across the world and rising military expenditure of countries such as China and India.
By Capacity
- Small Shipyards: The small shipyards segment is projected to exhibit the highest CAGR during the forecast period owing to the increasing modernization plans of small-sized shipyards.
- Medium Shipyards: Increasing adoption of smart solutions in the marine industry is expected to drive the growth of the segment.
- Large Shipyards: The segment dominated the market in 2019 owing to the increasing demand for upgradation and procurement plans by navies of countries such as the US and the UK.
By Digitalization Level
- Fully Digital Shipyard: The fully digital shipyard segment dominated the market in 2019 and is projected to register the highest CAGR during the forecast period owing to the increasing procurement of advanced vessels by the navies of countries such as China, India, and the US.
- Semi Digital Shipyard: The segment is expected to exhibit a significant growth rate during the forecast period due to increasing modernization plans of shipyards.
- Partially Digital Shipyard: The increasing development of connected ships and autonomous ships that support digital technologies is expected to drive the growth of the segment.
By Technology
- Augmented & Virtual Reality (AR & VR): The segment is expected to register a significant growth rate during the forecast period owing to the increasing use of AR & VR devices for various processes in shipbuilding.
- Digital Twin & Simulation: The segment is expected to grow owing to the increasing use of digital twin technology for the modernization of shipyards.
- Additive Manufacturing: Increasing use of 3D printing technology for manufacturing ship components is expected to drive the growth of the segment.
- Artificial Intelligence & Big Data Analytics: Increasing international maritime trade is driving the demand for high-end technologies to achieve digitalization in shipyards.
- Robotic Process Automation: Increasing demand for sophisticated and time-saving solutions in shipyard processes is expected to drive the growth of the segment. Hence, the segment is expected to register the highest CAGR during the forecast period.
- Industrial Internet of Things (IIoT): The segment is expected to grow due to the technological advancements in shipbuilding.
- Cybersecurity: The segment is expected to grow due to the increasing need to combat rising cybersecurity threats.
- Blockchain: The segment is expected to grow owing to the increasing demand for connectivity and security across the shipping industry.
- Cloud Computing & Master Data Management: The segment is expected to grow due to the increasing adoption of cloud-based maintenance systems across the shipping industry.
By Region
- North America: North America dominated the market in 2019 due to the presence of companies such as Altair Engineering, Inc. and IBM Corporation.
- Europe: The increasing marine tourism in the region and the increasing development of autonomous and connected ships by key marine companies based in the region are expected to drive the market growth in the region.
- Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The growing seaborne trade in the region is expected to drive the market growth in the region.
- Middle East: Development of new ports in the Middle East are expected to drive the market growth in the region.
- Rest of the World: Extreme threats to cybersecurity in countries such as Mexico, South Africa, and Brazil are expected to drive the market growth in the region.
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