How many total Shipbuilders companies are there in Asia?

As of May 2026, Asia has 149 active Shipbuilders companies.

How many Shipbuilders companies in Asia are funded?

As of May 2026, 32 companies have received funding in this sector.

What is the total funding raised by Shipbuilders companies in Asia?

Shipbuilders companies in Asia have collectively raised $1.36B in funding till date.

Who are the top investors in Shipbuilders companies in Asia?

The top investors in Shipbuilders companies in Asia by number of investments are Temasek and Nordic Capital.

Which is the highest funded Shipbuilders company in Asia?

As of May 2026, Hyundai Global Service has raised $723M in funding, highest among the funded Shipbuilders companies in Asia.

List of 152 Shipbuilders Startups in Asia & Market Trends (May 2026)

The Shipbuilders sector in Asia comprises 152 companies, including 32 funded companies having collectively raised $1.36B in venture capital money and private equity. Out of these, 37 are Series A+ funded.

Shipbuilders sector in Asia has seen 8 acquisitions and 28 IPOs. This represents almost 23.7% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.

Key Metrics

Total Companies

152

Top Companies

Hyundai Heavy Industries, IHI & more

Total Funding

$1.36B

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

View complete details of this sector

There are 152 Shipbuilders startups in Asia which include Hyundai Heavy Industries, IHI, ST Engineering, CSSC, Mazagon Dock Shipbuilders. Out of these, 32 startups are funded, with 37 having secured Series A+ funding.

Over the past 10 years, an average of 1 new company has been launched annually.

1. Hyundai Heavy Industries

Hyundai Heavy Industries is a machinery industry. The company operates through business segments such as shipbuilding, offshore and engineering, industrial plant and engineering, engine and machinery, electro electric systems, green energy, and construction equipment.In 2020, the company recorded annual revenues of $12.7 B and a net loss of $-706.7 M

Key facts about Hyundai Heavy Industries

Founded Year: 1972
Location: Ulsan (South Korea)
Stage: Public
Tracxn Score: 63/100 What is this?

2. IHI

IHI is a heavy equipment manufacturing company. Its products include ships, jet engines, industrial machinery, construction machinery, energy systems & more. It provides services to corporates. In 2020, the company recorded annual revenues of $11.5 B and a net profit of $28.2 M

Key facts about IHI

Founded Year: 1853
Location: Tokyo (Japan)
Stage: Public
Tracxn Score: 59/100 What is this?
Competitors Rank: 1 of 2 Competitors

View full list of companies in this sector

3. ST Engineering

Developer of SaaS-based end-to-end rail fleet operations management solutions. The platform offers multiple solutions and services to the transportation, aerospace, electronics, marine, and defence industry. It also provides services including commercial MRO, aircraft interiors, pilot training, military MRO, aircraft maintenance, and modification. They provide services for the electronics industry including satellite communication, remote sensing satellites, intelligent transportation and mobility systems, modelling, simulation, info-comm systems, and sensor systems.

Key facts about ST Engineering

Founded Year: 1967
Location: Singapore (Singapore)
Stage: Public
Investors: Temasek and Japan Airlines
Tracxn Score: 53/100 What is this?
Competitors Rank: 38 of 2,449 Competitors

4. CSSC

In 2022, the company recorded annual revenues of $8.06B and a net profit of $0.02B.

Key facts about CSSC

Founded Year: 1982
Location: Haidian (China)
Stage: Public
Latest Funding Round: Conventional Debt, Aug 22, 2019, $*****
Tracxn Score: 53/100 What is this?

5. Mazagon Dock Shipbuilders

Key facts about Mazagon Dock Shipbuilders

Founded Year: 1934
Location: Mumbai (India)
Stage: Public
Tracxn Score: 50/100 What is this?

Access the full list of 152 Shipbuilders Startups in Asia

Companies founded year-on-year in the Shipbuilders sector in Asia

4 Shipbuilders startups in Asia were founded in 2023 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2025	-
2024	1
2023	4
2022	-
2021	-
2020	4
2019	2
2018	1
2017	4
2016	2

Stage-wise distribution of Shipbuilders sector companies in Asia

Out of the total 152 Shipbuilders companies in Asia, 32 have secured funding. Among them, 37 have reached Series A or higher, and 37 to Series B or beyond.

Founded - 152

Funded - 32

Series A+ - 37

Series B+ - 37

Series C+ - 37

Company Stage	No. of companies
Founded	152
Funded	32
Series A+	37
Series B+	37
Series C+	37

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Total funding year-on-year in the Shipbuilders sector in Asia

The Shipbuilders sector in Asia saw a total funding of more than $1.36B in the last 10 years. The most amount of funding was in 2021 at more than $723M.

Total Funding

Year	Total Funding
2022	$18.4M
2021	$723M
2019	$600M

Recent Funding Rounds in Shipbuilders in Asia

In the year 2021, till May 2021, Shipbuilders companies in Asia have raised $723M in equity funding across 2 rounds.

Here are some recent, important funding rounds in Shipbuilders companies in Asia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Aulong Shipbuilding	Seed	1763	Apr 30, 2021	Austal
Hyundai Global Service	PE	5068	Feb 24, 2021	KKR

See a more detailed list of funding rounds

Temasek is the top investor in Shipbuilders companies in Asia based on number of companies invested.

Here are some top investors in Shipbuilders companies in Asia:

Investor	Location	Top Portfolio Companies
Temasek	Singapore (Singapore)	ST Engineering and Seatrium
Nordic Capital	Stockholm (Sweden)	-
Darwin Venture Management	Taipei (Taiwan)	Lungteh
SJL Partners	Seoul (South Korea)	-
SEAVI Advent	Singapore (Singapore)	Yangzijiang Shipbuilding

See a more detailed list of investors

In the year 2025, till July 2025, 2 acquisitions happened in Shipbuilders sector in Asia.

Here are some recent, important acquisitions in Shipbuilders sector in Asia:

Company	Acquisition Type	Acquisition Date	Acquirers
Colombo Dockyard	Business Acquisition	Jun 27, 2025	Mazagon Dock Shipbuilders
Jmuc	Business Acquisition	Jun 27, 2025	Imazo
Daewoo Shipbuilding Marine Engineering	Business Acquisition	Sep 25, 2022	Hanwha
Daehan	Business Acquisition	Sep 01, 2022	KH Investment
VOGO	Business Acquisition	Apr 05, 2022	lcsgroup.com.ph

See a more detailed list of acquisitions

Acquisition trends in Shipbuilders sector in Asia

Here are the acquisition trends in Shipbuilders sector in Asia:

Total Number of Acquisitions

Year	No. of companies
2025	2
2024	-
2023	-
2022	3
2021	-
2020	-
2019	3
2018	-
2017	1
2016	-

In the year 2025, till August 2025, 1 IPO happened in Shipbuilders sector in Asia.

Here are some recent, important IPOs in Shipbuilders sector in Asia:

Company	IPO Date	Exchange Symbol
Daehan	Aug 01, 2025	Korea Exchange (KRX)
Seatrium	May 10, 2024	Frankfurt Stock Exchange (FRA)
Keyfield Offshore	Apr 22, 2024	Bursa Malaysia (KLSE)
Jong Shyn	Oct 11, 2022	Taipei Stock Exchange (TT)
Hyundai Heavy Industries	Sep 17, 2021	Korea Exchange (KRX)