Global Integrated Bridge Systems Market

Integrated Bridge Systems Market Size, Share, Growth Analysis, By Vessel(Commercial Vessel, Defense Vessel), By Component(Hardware, Software), By Region - Industry Forecast 2024-2031

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

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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 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.

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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