The ‘Global Integrated Bridge Systems Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global integrated bridge systems market, assessing based on its segments like component, vessel type, subsystem, end user, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Integrated Bridge Systems Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.7%
A vessel’s steering, navigation, and communication systems can be easily combined into an integrated bridge system. By integrating these systems, human labour-intensive tasks can be improved for better results. The growing expansion of shipping industry are fuelling the integrated bridge systems market, both for commercial and defence vessels. With an integrated bridge system, vessel operations are streamlined and improved significantly, leading to faster travels, safer operations, and overall optimisation of vessel journeys. As more countries invest in upgrading their naval capabilities, the demand for high-tech and agile integrated bridge systems is likely to increase in coming years.
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Integrated Bridge Systems Market Segmentation
The term ‘integrated bridge system’ or IBS describes a collection of interconnected systems that enable centralised access to sensor data and command/control from workstations, improving effective and secure ship management. Different ship types have various integrated bridge systems. Systems differ depending on the ship’s bridge architecture, the type of equipment used, and how the equipment is arranged.
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Based on component, the market is bifurcated into:
On the basis of vessel type, the market is divided into:
• Commercial Vessel
• Defence Vessel
Based on the Subsystem, the market is segmented into:
On the basis of end user, the market is classified into:
The major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Integrated Bridge Systems Market Trends
Multiple aspects, including communications, passage execution, cargo operations, machinery management, and safety and security, can be aided by a good IBS system. IBS can be divided into four main categories: Operational Guidelines, Technical System, MMI, and Human Operator. The typical components of an integrated bridge system include IBS Autopilot, Gyro, Dual ECDIS setup, Dual Radar/ARPA, Conning Display, Position Fixing Systems, PDS, GMDSS, and Steering Gear. These systems are linked by an alarm system that, in an emergency, generates a visual and audible signal. These applications are expected to increase demand for the integrated bridge systems market globally.
Key Market Players
The major players in the global integrated bridge systems market report include
• Northrop Grumman Corporation
• Wärtsilä Corporation
• Kongsberg Gruppen ASA
• Raytheon Technologies Corporation
• L3Harris Technologies, Inc.
• Sinor Marine Technologies
• Mackay Communications, Inc.
• Tokyo Keiki Inc.
• Hensoldt AG
• Noris Group GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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