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/PRNewswire/ -- Allied Market Research recently published a report, titled, "Shipbuilding Market by Type (Oil Tankers, Bulk Carriers, General Cargo Ships,...
Increase in need for cargo transportation through ships, technological advancements in marine vessel engines, and increase in international seaborne trade drive the global shipbuilding market. PORTLAND
Share this article Share this article ResearchAndMarkets.com's offering. According to this report, the Global Digital Shipyard market accounted for $591.63 million in 2019 and is expected to reach $2,736.57 million by 2027 growing at a CAGR of 21.1% during the forecast period. Rising adoption of the digital twin in the shipbuilding industry, and increasing use of new manufacturing technologies in shipbuilding are the major factors propelling market growth. However, the increased vulnerability to cyber threats is hampering market growth. Digital shipyard aims to address operational efficiency...