While growth is important, the real story lies in the changes in shipbuilding . The MRFR report highlights several transformative trends.

1. Environmentally friendly vessels and propulsion

The industry is seeing a greater share of orders for cleaner, low-carbon propulsion systems—LNG, hybrid, or battery-electric. Stricter environmental policies (IMO, regional regimes) are forcing shipbuilders to innovate.

2. 3D printing and advanced materials

The use of additive manufacturing, composite materials, and lightweight alloys is enabling the manufacture of complex parts, reducing waste, and shortening supply chains. MRFR cites the adoption of 3D printing as a driver.

3. Digital twin, AI, simulation-based design

Design and operation simulations are increasingly used to model vessel performance, optimize hulls, and anticipate maintenance. The shift from traditional to data-driven design is gaining momentum.

4. Modular construction and automation

Shipyards are reorganizing their workflows for modular construction, with more components built off-site and assembled later. Automation in cutting, welding, and inspection speeds production and improves consistency.

5. Change in segment demand

Cargo/commercial vessels are expected to lead growth, given the expansion of global trade. Meanwhile, demand for multipurpose ships, ferries, tankers, and naval vessels also remains robust.