Digital Shipyard Market Set to reach USD 6.99 billion by 2030

According to the study by Next Move Strategy Consulting, the global Digital Shipyard Market size is predicted to reach USD 6.99 billion with a CAGR of 18.9% till 2030.

Growth of the digital shipyard market is driven by rise in advancements in digital technologies such as Artificial Intelligence (AI) and Internet of Things (IoT), which are being implemented in the design and development of vessels.

North America dominates the global digital shipyard market share and is potently expected to remain dominant in throughout the forecast period. This is attributed to rise in demand for efficient and cost-effective operations.

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