Europe Digital Shipyard Market Size, Share & Trends Analysis Report By Solution (Hardware, Software, and Services), By Capacity, By Shipyard Type, By Technology, By Country and Growth Forecast, 2024 - 2031

Europe Digital Shipyard Market Size, Share & Trends Analysis Report By Solution (Hardware, Software, and Services), By Capacity, By Shipyard Type, By Technology, By Country and Growth Forecast, 2024 - 2031

The Europe Digital Shipyard Market would witness market growth of 21.4% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Digital Shipyard Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $824.7 million by 2031. The UK market is exhibiting a CAGR of 20.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 22.3% during (2024 - 2031).

Automation and robotics play a key role in transforming shipyard production lines. Robotics perform repetitive and labor-intensive tasks such as welding, painting, and assembly, significantly improving productivity and quality. Additionally, IoT devices can track equipment performance and material usage, providing real-time insights that help manage inventories, reduce downtime, and prevent bottlenecks in the production process.

These shipyards enable the predictive maintenance of vessels using IoT sensors and data analytics. By continuously monitoring the condition of ship systems and components, these digital tools can predict potential failures before they occur, enabling proactive maintenance. This reduces downtime, extends the lifespan of ships, and ensures that vessels remain compliant with regulations.

Europe’s maritime sector, particularly freight handling through its bustling ports, is undergoing significant expansion, driving the growth of this market. With 3.5 billion tons of freight handled in EU ports in 2022 and major ports like Rotterdam, Antwerpen, and Hamburg maintaining their positions as the top three in Europe, the region’s maritime industry is a key player in global trade. This growth and the increasing size of vessels calling at these ports underscores the need for advanced, technology-driven solutions in shipbuilding and maintenance, directly impacting this market. Hence, the significant growth in freight handled by European ports and the rising size of vessels calling at these ports are crucial drivers for expanding the digital shipyard market in Europe.

Based on Solution, the market is segmented into Hardware, Software, and Services. Based on Capacity, the market is segmented into Large, Medium, and Small. Based on Shipyard Type, the market is segmented into Commercial, and Military. Based on Technology, the market is segmented into AI & Big Data Analytics, AR/VR, Additive Blockchain, Digital Twin, High Performance Computing (HPC), Blockchain, and Other Technologies. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• SAP SE
• Dassault Systemes SE
• Schneider Electric SE (AVEVA Group PLC)
• Wartsila Corporation
• Hexagon AB
• Siemens AG
• BAE Systems PLC
• Accenture PLC
• Inmarsat Global Limited (Viasat, Inc.)
• Damen Shipyards Group

Europe Digital Shipyard Market Report Segmentation

By Solution

• Hardware
• Software
• Services

By Capacity

• Large
• Medium
• Small

By Shipyard Type

• Commercial
• Military

By Technology

• AI & Big Data Analytics
• AR/VR
• Additive Blockchain
• Digital Twin
• High Performance Computing (HPC)
• Blockchain
• Other Technologies

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe