Global Integrated Bridge Systems Market

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 News

  • 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."
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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 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'

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.

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Global Integrated Bridge Systems Market

Report ID: SQMIG20G2004

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