Digital Shipyard Market

Introduction:

In today's world, the digital transformation is changing the way of doing business. It is also true for the shipbuilding industry. Digital shipyard is a concept that is getting popular day by day. It refers to the integration of digital technologies, such as the Internet of Things (IoT), cloud computing, big data analytics, artificial intelligence (AI), and machine learning (ML), in shipbuilding processes. In this essay, we will discuss the concept of the digital shipyard and its importance.

What is Digital Shipyard?

Digital Shipyard is a comprehensive, integrated, and connected platform that integrates various technologies to improve the efficiency and quality of shipbuilding processes. It covers the entire lifecycle of a ship, from design to delivery and maintenance. Digital shipyard leverages the power of advanced technologies to create a digital twin of the physical ship, which helps to optimize the design, production, and maintenance processes.

Importance of Digital Shipyard:

• Increased Efficiency: Digital shipyard improves the efficiency of shipbuilding processes by enabling real-time collaboration among different teams. It reduces the time required for the design and engineering process, leading to faster production and delivery of ships.
• Quality Improvement: Digital shipyard helps to improve the quality of ships by providing accurate and reliable data. It enables the identification and resolution of design and engineering problems in the early stages, which reduces the risk of errors and rework.
• Cost Reduction: Digital shipyard helps to reduce the cost of shipbuilding by optimizing the use of resources. It enables the tracking of materials and equipment, leading to better inventory management and cost control.
• Improved Safety: Digital shipyard improves the safety of ships by enabling the use of predictive maintenance. It uses real-time data to identify potential problems and enables proactive maintenance, reducing the risk of accidents and downtime.
• Competitive Advantage: Digital shipyard provides a competitive advantage to shipbuilding companies by enabling them to offer better products and services. It helps to reduce the time-to-market, improve quality, and reduce costs, which leads to increased customer satisfaction.

Conclusion:

In conclusion, the digital shipyard is a game-changer for the shipbuilding industry. It is a comprehensive, integrated, and connected platform that leverages the power of advanced technologies to improve the efficiency, quality, and safety of shipbuilding processes. Digital shipyard provides a competitive advantage to shipbuilding companies by enabling them to offer better products and services. With the increasing demand for ships, the adoption of digital shipyard is essential for shipbuilding companies to stay ahead in the competition.

Digital Shipyard Market Dynamics

The digital shipyard market is witnessing significant growth due to the increasing adoption of product lifecycle management (PLM) solutions in shipbuilding. In the past, traditional shipbuilding relied on outdated information, resulting in low growth and revenue. However, PLM solutions offer a complete approach to shipbuilding, improving collaboration, synchronization, and productivity, along with service and support. By optimizing processes such as design and engineering and supply chain management, PLM solutions can enhance the shipbuilding process.

The demand for PLM solutions has been rising as shipyards worldwide seek to optimize their shipbuilding processes. PLM is a customizable platform that provides tailored services to meet customer requirements, creating new opportunities for developers of cloud-based shipbuilding software. The introduction of a pay-as-you-use model in PLM solutions benefits tier II and tier III shipyards, leading to reduced expenses. Additionally, PLM solutions for shipbuilding service and product support process solutions offer shipyards and fleet operators a single source of service knowledge, increasing accuracy and coordination across the global service network. This enables fleet upgrades, improvements, and crucial modifications to overall fleet performance.

The digital shipyard market's growth is driven by several factors, including the need to adopt digital solutions to streamline the shipbuilding process, reducing the low growth in the shipbuilding industry and the turnaround time in the shipbuilding process. As a result, the digital shipyard market is expected to continue to grow, driven by the increasing adoption of PLM solutions in shipbuilding.

Restraints in Digital Shipyard Market

As digitalization becomes more widespread in the maritime industry, concerns about cyber threats also increase. Ship operators and shipyards store large amounts of sensitive information on their IT platforms, making them vulnerable to cyberattacks that could lead to significant losses and pose a threat to national security. To address this issue, software companies continually update their solutions to prevent hacking attempts. However, developing sophisticated solutions requires increased investments, and the maritime industry recognizes the importance of protection against cyber threats and risk. The International Maritime Organization (IMO) published brief guidelines in 2021 for cyber risk management, which apply to various marine organizations.

Opportunities in Digital Shipyard Market

On the other hand, augmented reality (AR) presents a significant opportunity to increase the efficiency and effectiveness of digital shipyards. AR headsets can offer a high-quality immersion experience while being relatively hands-free. These devices can provide access to essential information, such as a worker's fatigue index, with the help of a screen pointed at them. AR headsets can also assist with quality checks during shipbuilding, replacing the need for manual quality checklists. For instance, an officer can wear an AR camera that scans barcodes or IIoT tags, and the headset can obtain relevant media from a server or PLM applications. The device can display lists of items that have been checked, and an officer can mark off items once they are inspected through a gesture. Equipped with cameras, AR headsets or tablets can add photos and videos to further increase efficiency and reduce turnaround time in shipyards.

Challenges in Digital Shipyard Market

One of the challenges faced by the digital shipyard market is the stringent regulatory framework. The market consists of several stakeholders, including companies manufacturing and providing digital shipyard solutions, private and small enterprises, distributors, suppliers, retailers, and end customers. Major influencers in the market include investors, funders, academic researchers, integrators, service providers, and licensing authorities.

The commercial shipyard segment is expected to dominate the digital shipyard market in 2022. This growth is attributed to the increasing digitalization of commercial shipyards, which has resulted in numerous benefits for commercial ship owners and operators. These benefits include lower lifecycle costs, streamlined construction, increased operational availability, and reduced overhead expenses associated with operating ships. Consequently, digitalization has allowed commercial ship owners and operators to pursue capital improvements while still adhering to the stringent regulatory framework.

During the forecast period, the technology expected to have the highest growth rate is artificial intelligence and big data analytics. The shipbuilding industry is benefitting from pairing AI and machine learning with technologies such as IoT, blockchain, big data, and robotic process automation. This combination has many applications in shipyard operations, including predictive maintenance, resource management, design, and production. AI is a crucial digital transformation technology that is enabling the shipbuilding industry to make significant progress.

The Asia Pacific region is expected to have the highest market share during the forecast period. This region has the largest aircraft generator manufacturers and has experienced rapid economic development in recent years, leading to increased maritime trade. The demand for advancements in processes, quick deliveries, reduced costs, and high regulatory standards is driving growth in the digital shipyard market in emerging economies such as India and China. These factors are expected to continue driving growth in the forecast period.

Major players operating in the Digital Shipyard Market

• SIEMENS
• DASSAULT SYSTEMES
• ACCENTURE
• SAP
• BAE SYSTEMS
• AVEVA GROUP PLC
• HEXAGON
• ALTAIR ENGINEERING, INC.
• WARTSILA
• INMARSAT
• KUKA AG
• IFS AB
• PEMAMEK LTD.
• ARAS
• KREYON SYSTEMS
• SSI
• IBASET
• PROSTEP AG
• KRANENDONK SMART ROBOTICS
• DAMEN SHIPYARDS GROUP
• THYSSENKRUPP MARINE SYSTEMS
• NAVANTIA
• BUREAU VERITAS
• CADMATIC
• INROTECH

·  Recent Developments in Digital Shipyard Market

The digital shipyard market has seen some exciting developments in recent times. BAE Systems and Dematec Automation have teamed up to create a digital platform capability demonstrator that links various elements, including robots, welding machines, hardware subsystems, devices, and sensors, throughout typical shipyard workflows. By leveraging Industry 4.0 technologies, this collaboration aims to connect workers, robotic plants, equipment, and potentially even the Hunter class frigates, resulting in more efficient and streamlined shipbuilding processes.

Another significant development in this industry is the signing of a Memorandum of Understanding (MoU) between Fameline Holding Group (FHG), its subsidiaries, and Inmarsat in June 2022. This agreement expresses the intent of both parties to explore joint initiatives across the maritime and energy sectors for mutual benefit. The MoU underscores the increasing focus on collaboration and partnership in the digital shipyard market to drive innovation and advance technological capabilities.

The Digital Shipyard Market has been experiencing significant growth in recent years due to advancements in technology and the need for more efficient shipbuilding processes. A digital shipyard is an integrated digital platform that enables shipbuilders to manage the entire lifecycle of a ship, from design and engineering to manufacturing and maintenance.

One recent development in the Digital Shipyard Market is the increasing use of artificial intelligence (AI) and machine learning (ML) technologies. These technologies enable shipbuilders to analyze vast amounts of data in real-time, allowing them to optimize processes and improve efficiency. For example, AI can be used to predict the performance of a ship in different conditions, allowing shipbuilders to make design adjustments before construction begins.

Another development in the Digital Shipyard Market is the increasing use of virtual and augmented reality (VR/AR) technologies. VR/AR technologies enable shipbuilders to visualize the design of a ship in 3D, allowing them to identify potential issues before construction begins. VR/AR technologies can also be used to train workers and simulate maintenance scenarios.

The Digital Shipyard Market is also seeing increased collaboration between shipbuilders and technology companies. For example, in 2021, Samsung Heavy Industries announced a collaboration with IBM to develop a smart ship solution using AI and blockchain technologies. This solution aims to improve the efficiency and safety of ships by analyzing data from various sources, including weather and navigation systems.

Finally, the Digital Shipyard Market is also seeing increased adoption of cloud-based solutions. Cloud-based solutions enable shipbuilders to access data and collaborate with partners and customers from anywhere, improving communication and reducing the time and costs associated with traditional methods.

In conclusion, the Digital Shipyard Market is rapidly evolving, driven by advancements in technology and the need for more efficient shipbuilding processes. The increasing use of AI, VR/AR, collaboration between shipbuilders and technology companies, and cloud-based solutions are just a few recent developments that are shaping the future of the Digital Shipyard Market.