Global Digital Shipyard Market Size & Growth Forecast, and Trend Highlights Over 2025-2037
Digital Shipyard Market size was valued at USD 3.1 billion in 2024 and is expected to reach USD 13.9 billion by the end of 2037, growing at a CAGR of 15.4% during the forecast, timeline from, 2025-2037. In 2025, the industry size of the digital shipyard is estimated at USD 3.3 billion.
The digital shipyard industry is positively reinforced by technological advancements. New entrants in the market can refer to the economic indices, such as the Producer Price Index (PPI) of the market, to assess the market entry strategy. For instance, the U.S. Bureau of Labor Statistics, the PPI for final demand increased by over 3.0% in 2024, reflecting rising costs. The increase in production costs may impact the profit margins as well as the pricing strategies of shipyard operators. Additionally, between 1980 and 2022, the Shipbuilding Composite Index (SCI) grew an average of 1.1% faster per year than the GDP deflator, highlighting a steady upward trend associated with the cost of shipbuilding. An analysis of these economic indicators projects the importance of cost management in the digital shipyard sector.
A key factor which is expected to account for a sustained growth of the digital shipyard industry is the increasing volume of global maritime trade. The rising trade correlates with a surge in demand for faster maintenance, encouraging greater investments in digital transformation to ease pressure on traditional shipyards. The table below highlights the increasing maritime trade volume, which has a direct impact on the digital shipyard industry:
|
Indicator |
2023 Value |
|
Global Maritime Trade Volume |
12. billion tonnes (+2.4% YoY) |
|
Containerized Trade Growth |
+0.3% in 2023 (projected +3.5% in 2024) |
|
Global Port Throughput (Containers) |
858 million TEUs |
Source: UNCTAD
