Integrated Bridge Systems Market Size, Share, Growth Analysis, By Ship Type(Commercial Ship ( Bulk Carrier, Cruises, Dry Cargo, Tankers), By Sub System(INS (Navigation Radar, ARPA Radar, Gyros, Echo Sounder), By Component(Hardware( Displays, Control Unit, Data Storage Devices, Sensors), By End User(OEM( Commercial, Defense), Aftermarket (Parts, Maintenance)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20G2004 | Region: Global | Published Date: February, 2024
Pages: 260 |Tables: 61 |Figures: 74

Integrated Bridge Systems Market Insights

Integrated Bridge Systems Market size was valued at USD 5.79 billion in 2019 and is poised to grow from USD 6.1 billion in 2023 to USD 9.39 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

The Integrated Bridge System (IBS) is a collection of interconnected and compactly arranged screens and modules that provides centralized access to data on monitoring and control, propulsion, and navigation. The purpose of an integrated bridge system is to improve the ship's safe and effective operation by a qualified operator. An integrated bridge system is a collection of interconnected systems that enables centralized control of various navigational resources. This programme aids in the management of raw materials to prevent the destruction of products. The deployment of an integrated bridge system is intended to help automated route maintenance, track control systems, and smart route planners.

In order to improve safety and simplify marine operations, a number of maritime organisations throughout the world are implementing integrated bridge constructions. Additionally, the sector for integrated bridge systems will expand as more ships, yachts, aircraft, containers, and cruise ships employ wireless sensors. Due to intense rivalry among manufacturers, the price decrease of wireless sensors is what is driving the demand for integrated bridge systems. Navigators, ship owners, and shipbuilders can all benefit greatly from the integrated bridge structure. Maintaining optimal inventory levels while ensuring product availability across all channels is one of the issues encountered by merchants.

The product's unavailability has a negative influence on the company's reputation and shows weak management. An integrated bridge system is being driven to market expansion by manufacturers' investments in new model development, intelligent route planning, and custom integration with other systems. The market is expanding as a result of growing seaborne trade and marine tourism in recent years, as well as the adoption of newer and better technologies by various business sectors. Earlier, there were fewer ships and ports available, but more recently, as ports and ships have grown in number and novel systems have become more widely used, these factors have improved the market's growth over the forecast period.

US Integrated Bridge Systems Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 5.79 billion

Largest Segment

Commercial

Fastest Growth

Commercial

Growth Rate

5.4% CAGR

Global Integrated Bridge Systems Market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)

To get more reports on the above market click here to Buy The Report

Integrated Bridge Systems Market Segmental Analysis

Global Integrated Bridge System Market is segmented By Ship Type , By Sub System, By Component, By End User and Region. Based on Ship Type, the market can be segmented into Commercial Ship ( Bulk Carrier, Cruises, Dry Cargo, Tankers, Gas Tankers, Research Vessel, Dredgers, Fishing Vessels, Offshore supply and Passenger Ferry), Defense Ship (Frigates, Corvettes, Destroyers, Amphibious Ship, Minesweepers, Aircraft Carriers, OPVs, Sub Marine, Missile Carrying Boats and Supply Boats). Based on Sub System, the market can be segmented into INS (Navigation Radar, ARPA Radar, Gyros, Echo Sounder, Electro Magnetic Log, ECDIS (Electronic chart Display and Information System), DGPS (Differential, Global Positioning System), Bridge Communication Console, Auto Pilot, Transmitting Magnetic Compass, BNWAS (Bridge Navigational Watch & Alarm System), Automatic Weather Observation System (AWOS), Voyage Data Recorder, Automatic Identification System (AIS). Based on Component, the market can be segmented into By Hardware( Displays, Control Unit, Data Storage Devices, Sensors, Alarms, Others), Software. Based on End User, the market can be segmented into OEM( Commercial, Defense), Aftermarket (Parts, Maintenance). Based on Region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Integrated Bridge Systems Market Analysis by Vessel

On the basis of vessel, the integrated bridge systems market is segmented into commercial vessel and defense vessel. Bulk carriers, cruise ships, dry cargo, gas tankers, Ro-Ro ships, and dredgers make up the commercial section. Both bulk carriers and cruise ships are utilized in marine commerce and tourism. Demand for dry cargo ships with integrated bridge systems is being driven by growing international seaborne trade. The need for dredgers and gas tankers has expanded as a result of rising offshore resource development and expanding building activity. The section of defensive vessels consists of corvettes, destroyers, frigates, amphibious ships, and aircraft carriers. Aircraft can take off and land with ease on the large, flat deck of aircraft carriers.

Warfare ships also called amphibious ships are used to provide ammunition, transport, refuel military vehicles, and defend ground-based troops and their equipment from hostile aircraft and surface ships. Multipurpose naval warships are destroyers. Both their firepower and endurance are very strong. The naval ship is shielded from adversarial submarines by the use of frigates. A small, technologically sophisticated warship with a weapon launcher is called a corvette. The demand for integrated bridge systems is rising as aircraft carriers are upgraded and amphibious ships are in greater demand.

Integrated Bridge Systems Market Analysis by Component

By component, global integrated bridge system market is segmented into hardware and software. The hardware segment is further classified into displays, control panels, data storage units, sensors, alarms, and other hardware components make up the hardware segment. It is anticipated that during the forecast period, this category will account for the greatest market share. Its expansion is driven to the growing demand for IBS on both commercial and defense boats. Synapsis NX, K Bridge Sensor Integrator (SINT), Visionmaster FT, Napa Logbook, and Navi-Planner 4000 make up the software segment. During the projection period, the software segment is expected to experience significant expansion. This expansion of the integrated bridge systems market is linked to an increase in shipbuilders' demand for software solutions for navy ships.

Global Integrated Bridge Systems Market By Vessel, 2021 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Integrated Bridge Systems Market Regional Insights

Global integrated bridge systems market is segmented into North America, Europe, Asia-Pacific, the Middle East, and the rest of the world. Wherein, North America is projected to lead the market in the years to come, followed by Europe and Asia-Pacific. Given that the majority of integrated bridge system developers are situated in North America, the region is expected to account for a sizeable portion of the market. The growing need for these systems in the United States is due to the navy's rising defense budget. Additionally, it is anticipated that increasing exports and Canadian economic growth will stimulate the market.

According to the integrated bridge system market prediction, Asia-Pacific is anticipated to be the largest region throughout the forecast period. The increase in cruising and fishing activities as well as the expanding need for merchant ships in China are credited with this expansion. Growth of the Asia Pacific integrated bridge systems market is anticipated to be supported by South Korea's expanding shipbuilding industry. The Asia Pacific region has a rapdily growing shipbuilding industry, and major players there including South Korea, China, and Japan are developing their technological capabilities to increase their market position in the commercial maritime sector. The top 10 busiest container ports, according to the World Shipping Council, are located in Asia. According to UNCTAD, Asia will account for 64% of all container port volume worldwide in 2019.

The market in Europe is expected to grow as a result of expanding oil and gas production, exploration, and maritime-related operations. Growth in the U.K.'s defense shipbuilding sector is anticipated to fuel the regional integrated bridge systems market.

Global Integrated Bridge Systems Market, 2022-2028
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Integrated Bridge Systems Market Dynamics

Integrated Bridge Systems Market Driver

  • Technological Progress such as the Naval Users' Robotic Ship Maintenance System

Integrated bridge systems with new technology, such robotic bridge maintenance systems, provide safe and effective maritime operations. Over the past few decades, this technique in the global integrated bridge systems market has been applied to construction projects in the marine sector. The four primary capabilities of the robotic maintenance are remote inspection, spray washing, paint removal, and painting. Automated robotic systems were first created to lessen the amount of manpower needed, speed up construction, lower maintenance expenses, and increase work productivity.

IBS market expansion is being driven by rising demand for robotics technology in naval maintenance tasks.

  • Rising Global Seaborne Trade to Aid Market Growth

Over the next five years, marine trade is anticipated to rise at a rate of 3.4 percent annually, according to UNCTAD. This expansion is linked to the rising commerce in crude oil exports to the Asia-Pacific region from the Atlantic basin. The demand for IBS-enabled naval ships including dredgers, bulk carriers, and oil & gas tankers is being driven by an increase in global commerce volume. The integrated bridge systems market is expected to grow as a result of China's expanding intra-Asian trade operations and rising merchandise trade in Europe.

Integrated Bridge Systems Market Restraint

  • High Development Costs

The systems and components include a high-priced Doppler SONAR system, sensor systems, navigation systems, communication systems, and a radar system. Due to the failure of the radar and navigation system components, the conventional system must be replaced. Furthermore, there are numerous possibilities for integrated bridge system failures in maritime vessels, which could lead to an increase in system maintenance costs. As a result, the market's expansion is hampered by high installation and maintenance costs.

Request Free Customization of this report to help us to meet your business objectives.

Integrated Bridge Systems Market Competitive Landscape

The next developments in this integrated bridge systems market are e-navigation, 3D printing, 3D sonar, 5G connectivity, and mobile navigation apps. These factors are causing major market companies to diversify their product portfolios combined with their R&D efforts. A propulsion control system from Wartsila is a cutting-edge, all-encompassing system of control devices, displays, modules, and indicators. This technology is made to work with any type of propulsion configuration for modern naval ships and marine vessels.

Integrated Bridge Systems Market Top Player's Company Profiles

  • Raytheon Anschütz
  • Northrop Grumman Sperry Marine
    Kongsberg
  • FURUNO ELECTRIC CO., LTD.
  • Transas Marine International
  • L3Harris Technologies, Inc.
  • Wärtsilä Corporation
  • Consilium AB
  • SAM Electronics GmbH
  • Praxis Automation Technology B.V.
  • RH Marine Group
  • ABB Marine & Ports
  • Kelvin Hughes Limited
  • ST Engineering iDirect (Europe) Ltd
  • Marineteknikk AS
  • Navico Commercial
  • Totem Plus Ltd.
  • Radio Holland Group
  • Rolls-Royce plc
  • Sperry Marine BV

Integrated Bridge Systems Market Recent Developments

  • In August 2021, Japan Radio Co., LTD. Signed a contract with Interactor to create an observability platform. By using API AutoFlow's no-code technology, the company hopes to cut the time it takes for a product to reach the market in half. To provide consumers with the most complete visualisation experiences possible, JRC will make use of API AutoFlow's breadth and depth of integration, data processing, automation, and security features.
  • In June 2021, a Memorandum of Understanding (MoU) on a partnership to develop a highly innovative range of ship motion control systems based on autopilot and dynamic positioning technologies that can become an integrated part of the JRC navigation system was signed by Alphatron Marine in Rotterdam, the Netherlands, and Navis Engineering in Vantaa, Finland.
  • In December 2021, a contract was made by Danelec Marine A/S to buy the digital ship performance monitoring expert KYMA A/S, situated in Norway.
  • In April 2021, Leonardo reported that it was expanding its sensor offering after purchasing a 30% share in fellow Italian firm GEM elettronica for an unknown sum. Additionally, Leonardo and GEM have a commercial and industrial agreement under which they will collaborate on research and development in the fields of naval technology and "applications for land platforms."

Integrated Bridge Systems Key Market Trends

  • A new way for sharing and displaying information on a naval ship's bridge is called a cascade adaptive bridge. It is a combination of shared display and touch screen technology that enables operators to keep track of all vessel activities, driving market trends for integrated bridge systems. On the bridge, communication is facilitated via a touch screen and a shared display. The shared display has the ability to display maps with graphic annotations, leave crew members messages, and electronically complete checklists. The market's expansion is being fueled in part by the maritime industry's growing adoption of digital technology.

Integrated Bridge Systems Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global integrated bridge systems market analysis, technological progress such as the naval users' robotic ship maintenance system and rising global seaborne trade are some major factors driving the growth of the global Integrated Bridge Systems market.

Report Metric Details
Market size value in 2019 USD 5.79 billion
Market size value in 2031 USD 9.39 billion
Growth Rate 5.4%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Ship Type
    • Commercial Ship ( Bulk Carrier, Cruises, Dry Cargo, Tankers, Gas Tankers, Research Vessel, Dredgers, Fishing Vessels, Offshore supply and Passenger Ferry), Defense Ship (Frigates, Corvettes, Destroyers, Amphibious Ship, Minesweepers, Aircraft Carriers, OPVs, Sub Marine, Missile Carrying Boats and Supply Boats)
  • Sub System
    • INS (Navigation Radar, ARPA Radar, Gyros, Echo Sounder, Electro Magnetic Log), ECDIS (Electronic chart Display and Information System), DGPS (Differential, Global Positioning System), Bridge Communication Console, Auto Pilot, Transmitting Magnetic Compass, BNWAS (Bridge Navigational Watch & Alarm System), Automatic Weather Observation System (AWOS), Voyage Data Recorder, Automatic Identification System (AIS)
  • Component
    • Hardware( Displays, Control Unit, Data Storage Devices, Sensors, Alarms, Others), Software
  • End User
    • OEM( Commercial, Defense), Aftermarket (Parts, Maintenance)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Raytheon Anschütz
  • Northrop Grumman Sperry Marine
    Kongsberg
  • FURUNO ELECTRIC CO., LTD.
  • Transas Marine International
  • L3Harris Technologies, Inc.
  • Wärtsilä Corporation
  • Consilium AB
  • SAM Electronics GmbH
  • Praxis Automation Technology B.V.
  • RH Marine Group
  • ABB Marine & Ports
  • Kelvin Hughes Limited
  • ST Engineering iDirect (Europe) Ltd
  • Marineteknikk AS
  • Navico Commercial
  • Totem Plus Ltd.
  • Radio Holland Group
  • Rolls-Royce plc
  • Sperry Marine BV
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Integrated Bridge Systems Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Integrated Bridge Systems Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Integrated Bridge Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Integrated Bridge Systems Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Integrated Bridge Systems Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Integrated Bridge Systems Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Integrated Bridge Systems Market size was valued at USD 5.79 billion in 2019 and is poised to grow from USD 6.1 billion in 2023 to USD 9.39 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

The next developments in this integrated bridge systems market are e-navigation, 3D printing, 3D sonar, 5G connectivity, and mobile navigation apps. These factors are causing major market companies to diversify their product portfolios combined with their R&D efforts. A propulsion control system from Wartsila is a cutting-edge, all-encompassing system of control devices, displays, modules, and indicators. This technology is made to work with any type of propulsion configuration for modern naval ships and marine vessels. 'Raytheon Anschütz', 'Northrop Grumman Sperry MarineKongsberg ', 'FURUNO ELECTRIC CO., LTD.', 'Transas Marine International', 'L3Harris Technologies, Inc.', 'Wärtsilä Corporation', 'Consilium AB', 'SAM Electronics GmbH', 'Praxis Automation Technology B.V.', 'RH Marine Group', 'ABB Marine & Ports', 'Kelvin Hughes Limited', 'ST Engineering iDirect (Europe) Ltd', 'Marineteknikk AS', 'Navico Commercial', 'Totem Plus Ltd.', 'Radio Holland Group', 'Rolls-Royce plc', 'Sperry Marine BV'

Technological Progress such as the Naval Users' Robotic Ship Maintenance System

A new way for sharing and displaying information on a naval ship's bridge is called a cascade adaptive bridge. It is a combination of shared display and touch screen technology that enables operators to keep track of all vessel activities, driving market trends for integrated bridge systems. On the bridge, communication is facilitated via a touch screen and a shared display. The shared display has the ability to display maps with graphic annotations, leave crew members messages, and electronically complete checklists. The market's expansion is being fueled in part by the maritime industry's growing adoption of digital technology.

Global integrated bridge systems market is segmented into North America, Europe, Asia-Pacific, the Middle East, and the rest of the world. Wherein, North America is projected to lead the market in the years to come, followed by Europe and Asia-Pacific. Given that the majority of integrated bridge system developers are situated in North America, the region is expected to account for a sizeable portion of the market. The growing need for these systems in the United States is due to the navy's rising defense budget. Additionally, it is anticipated that increasing exports and Canadian economic growth will stimulate the market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Report ID: SQMIG20G2004

$5,300
BUY NOW GET FREE SAMPLE