Integrated Bridge System Market Overview
An Integrated Bridge System (IBS) is a collection of screens and modules that are connected and grouped to provide centralized access to navigational, propulsion, monitoring, and control data. The goal of IBS is to improve the qualified operator's ability to handle a ship safely and efficiently. IBS is a collection of interconnected systems that allow for centralized monitoring of a variety of navigational tools. Operators can use IBS to obtain control of sensor data for a variety of tasks, including passage execution, machinery control, communication, and safety and security.
Several marine companies across the world are putting in place integrated bridge systems to improve safety and make maritime operations easier. Due to the enormous development in the import and export of products and services via the sea route, integrated bridge systems are projected to gain significant traction in the near future. Furthermore, increased digitization is resulting in a significant growth in maritime tourism, which is escalating demand for improved navigation systems even more. As a result, the expansion of integrated bridge systems is accelerating. Furthermore, rising compliance with maritime safety requirements is likely to propel the growth of the integrated bridge systems market during the forecast period.
However, in the coming years, the global integrated bridge systems market is likely to be constrained by a shortage of technical skills in the implementation of IBS. Furthermore, in the marine industry, digitization exposes ships to cyber threats, which is expected to limit the market for integrated bridge systems. Nonetheless, the rapidly expanding number of port cities in developing nations is expected to provide the integrated bridge systems market with considerable development potential during the forecast period.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Platform, Module, Ship Size, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Marine Technologies, LLC, The Raytheon Company, Admarel BV, Consilium AB, Furuno Electric Shokai Ltd, Kongsberg Gruppen ASA, Northrop Grumman Sperry Marine, Praxis Automation Technology, Rolls Royce, L3 Communications MAPPS Inc., Tokyo Keiki Inc., Transas, Wartsila Valmarine. |
Covid-19 Impact on Integrated Bridge System Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Integrated Bridge System Market Segment Overview
Based on the Platform, the Naval Warships is one of the important segments in the global Integrated Bridge System. The military uses integrated bridge systems to gather, control, process, and display ship control and vital navigation sensor data in an automated manner. This is done to ensure that ship control is as safe as possible.
Integrated Bridge System Market, By Component
· Hardware
· Software
Integrated Bridge System Market, By Platform
· Commercial Ships
· Naval Warships
Integrated Bridge System Market, By Module
· Radar System
· Communication Console
· Electronic Chart Display and Information System (ECDIS)
· Others
Integrated Bridge System Market, By Ship Size
· Small
· Medium
· Large Ships
Integrated Bridge System Market Regional Overview
Geographically, the global integrated bridge systems market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to dominate the integrated bridge systems market as the region is significantly receptive to the adoption of the latest technologies. Furthermore, the market in the Asia Pacific is expected to rise at a considerable rate in the forthcoming years.
Integrated Bridge System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Integrated Bridge System Market, Key Players
· Marine Technologies, LLC
· The Raytheon Company
· Admarel BV
· Consilium AB
· Furuno Electric Shokai Ltd
· Kongsberg Gruppen ASA
· Northrop Grumman Sperry Marine
· Praxis Automation Technology
· Rolls Royce
· L3 Communications MAPPS Inc.
· Tokyo Keiki Inc.
· Transas
· Wartsila Valmarine
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Integrated Bridge System market?
Rising compliance with maritime safety requirements is likely to propel the growth of the integrated bridge systems market during the forecast period.
Q2. What are the restraining factors for the Integrated Bridge System market?
The global integrated bridge systems market is likely to be constrained by a shortage of technical skills in the implementation of IBS
Q3. Which segment is projected to hold the largest share in the Integrated Bridge System Market?
Naval Warships segment is projected to hold the largest share in the Integrated Bridge System Market.
Q4. Which region holds the largest share in the Integrated Bridge System market?
North America held the largest share in the global Integrated Bridge System market.
Q5. Which are the prominent players in the Integrated Bridge System Market?
Marine Technologies, LLC, The Raytheon Company, Admarel BV, Consilium AB, Furuno Electric Shokai Ltd, Kongsberg Gruppen ASA, Northrop Grumman Sperry Marine, Praxis Automation Technology, Rolls Royce, L3 Communications MAPPS Inc., Tokyo Keiki Inc., Transas, Wartsila Valmarine. are some key players in the Integrated Bridge System Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Integrated Bridge System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Hardware
- 5.2.2. Software
- 5.3. Market Analysis, Insights and Forecast – By Platform
- 5.3.1. Commercial Ships
- 5.3.2. Naval Warships
- 5.4. Market Analysis, Insights and Forecast – By Module
- 5.4.1. Radar System
- 5.4.2. Communication Console
- 5.4.3. Electronic Chart Display and Information System (ECDIS)
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Ship Size
- 5.5.1. Small
- 5.5.2. Medium
- 5.5.3. Large Ships
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Integrated Bridge System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Hardware
- 6.2.2. Software
- 6.3. Market Analysis, Insights and Forecast – By Platform
- 6.3.1. Commercial Ships
- 6.3.2. Naval Warships
- 6.4. Market Analysis, Insights and Forecast – By Module
- 6.4.1. Radar System
- 6.4.2. Communication Console
- 6.4.3. Electronic Chart Display and Information System (ECDIS)
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Ship Size
- 6.5.1. Small
- 6.5.2. Medium
- 6.5.3. Large Ships
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Integrated Bridge System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Hardware
- 7.2.2. Software
- 7.3. Market Analysis, Insights and Forecast – By Platform
- 7.3.1. Commercial Ships
- 7.3.2. Naval Warships
- 7.4. Market Analysis, Insights and Forecast – By Module
- 7.4.1. Radar System
- 7.4.2. Communication Console
- 7.4.3. Electronic Chart Display and Information System (ECDIS)
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Ship Size
- 7.5.1. Small
- 7.5.2. Medium
- 7.5.3. Large Ships
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Integrated Bridge System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Hardware
- 8.2.2. Software
- 8.3. Market Analysis, Insights and Forecast – By Platform
- 8.3.1. Commercial Ships
- 8.3.2. Naval Warships
- 8.4. Market Analysis, Insights and Forecast – By Module
- 8.4.1. Radar System
- 8.4.2. Communication Console
- 8.4.3. Electronic Chart Display and Information System (ECDIS)
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Ship Size
- 8.5.1. Small
- 8.5.2. Medium
- 8.5.3. Large Ships
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Integrated Bridge System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Hardware
- 9.2.2. Software
- 9.3. Market Analysis, Insights and Forecast – By Platform
- 9.3.1. Commercial Ships
- 9.3.2. Naval Warships
- 9.4. Market Analysis, Insights and Forecast – By Module
- 9.4.1. Radar System
- 9.4.2. Communication Console
- 9.4.3. Electronic Chart Display and Information System (ECDIS)
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Ship Size
- 9.5.1. Small
- 9.5.2. Medium
- 9.5.3. Large Ships
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Marine Technologies, LLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. The Raytheon Company
- 10.6. Admarel BV
- 10.7. Consilium AB
- 10.8. Furuno Electric Shokai Ltd
- 10.9. Kongsberg Gruppen ASA
- 10.10. Northrop Grumman Sperry Marine
- 10.11. Praxis Automation Technology
- 10.12. Rolls Royce
- 10.13. L3 Communications MAPPS Inc.
- 10.14. Tokyo Keiki Inc.
- 10.15. Transas
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
