The global digital shipyard market growth was USD 963.6 million in 2020. The market is projected to grow from USD 1,129.6 million in 2021 to USD 3,444.5 million in 2028 at a CAGR of 17.27% in the 2021-2028 period.
This information is provided by Fortune Business Insights™, in its report, titled, “Digital Shipyard Market, 2021-2028.”
As per our analysts, the growing demand for modernization in shipbuilding is anticipated to bolster the growth of the digital shipyard market.
Driving Factors
Augmented Utilization of Industrial Internet of Things (IIoT) in Shipbuilding Industry to Spur Growth
The digital shipyard utilizes the IIoT to refine its decision-making competencies for manufacturing courses by amalgamating the communication proficiencies of the IoT with machine learning and big data. Furthermore, the increasing usage of IIoT in the shipbuilding industry to amplify production, decline downtime, and augment operational effectiveness, is projected to fuel the digital shipyard market growth.
Browse Summary
https://www.fortunebusinessinsights.com/digital-shipyard-market-106561
