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Global Integrated Bridge System Market to reach USD 10.06 billion by the end of 2030

Global Integrated Bridge System Market Size study & Forecast, by Vessel Type (Commercial Vessel, Defense Vessel) by Component (Hardware, Software), by Subsystem (INS, VDR, AWOS, AIS), by End-use (OEM, Aftermarket) and Regional Analysis, 2023-2030

Product Code: SSAD-18154461
Publish Date: 10-03-2024
Page: 200

Global Integrated Bridge System Market is valued at approximately USD 7.84 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 3.2% during the forecast period 2023-2030. An Integrated Bridge System is a sophisticated navigation control system utilized on modern ships. It integrates various navigational and operational functions into a centralized interface, enhancing efficiency and safety at sea. It incorporates features such as radar, Electronic Chart Display And Information Systems (ECDIS), Automatic Identification Systems (AIS), gyrocompasses, autopilots, and other sensors and equipment. This integration allows for seamless data sharing and real-time monitoring, enabling the crew to have a comprehensive view of the vessel’s surroundings and navigation parameters. The Integrated Bridge System Market is expanding because of factors such as growth in global maritime trade, expansion of port cities and port development, and increasing demand for naval vessels.

The increasing volume of global maritime trade has become a pivotal factor driving the growth of the Integrated Bridge System (IBS) Market. As international trade expands, there is a growing demand for efficient and safe navigation systems to handle the complexities of modern shipping routes. The Integrated Bridge System plays a crucial role in meeting these demands by providing a centralized platform that integrates various navigation and communication technologies. According to United Nations Conference on Trade and Development (UNCTAD), the growth of the world’s maritime trade stand at 1.4% in 2022. It is anticipated to expand at a 2.1% yearly rate from 2023 to 2027. In addition, increasing vessel modernization and rising technological advancements in systems are factors creating new opportunities for market growth. However, system digitization leading to cyber threats stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Integrated Bridge System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the concentration of integrated bridge system developers in the region. The growth trajectory is further fueled by the surge in the defense budget of the U.S. Navy, leading to an elevated demand for integrated bridge systems in the country. Additionally, the expansion of Canadian exports and overall economic development is anticipated to be a significant driving force behind the market’s growth in the region. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as escalating levels of cruise and fishing activities within China, alongside a rising demand for merchant vessels. Moreover, the upsurge in shipbuilding endeavors in South Korea is poised to serve as a significant catalyst for market expansion.

Major market player included in this report are:
Alphatron Marine B.V.
Consilium Marine & Safety Ab
Danelec Marine A/S
Furuno Electric Co. LTD.
DSME Co., Ltd.
Gem Elettronica
Hensoldt UK
L3 Mapps Inc.
Japan Radio Co., Ltd.

Recent Developments in the Market:
Ø In March 2023, Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea secured a significant contract worth USD 521 million for the construction of two Liquefied Natural Gas (LNG) vessels destined for Maran Gas Maritime in Angelicoussi, Greece. Anticipated to be completed in the first half of 2027, both ships would be constructed at DSME’s Okpo Shipyard located in South Gyeongsang Province.
Ø In June 2022, Broadcast Pix introduced an advanced integrated production software solution designed to address the increasing demand in contemporary hybrid and multi-format work environments. Known as “GX Hybrid,” this software boasts 22 inputs and stands out as the most comprehensive integrated solution in the market. With features including 6 assignable outputs, 2 TB of server storage with built-in streaming, and support for 8 distinct channels of clips and graphics, it meets the evolving needs of modern production setups.

Global Integrated Bridge System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Vessel Type, Component, Subsystem, End use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vessel Type:
Commercial Vessel
Defense Vessel

By Component:

By Subsystem:

By End-use:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Integrated Bridge System Market, by Region, 2020-2030 (USD Billion)
1.2.2. Integrated Bridge System Market, by Vessel Type, 2020-2030 (USD Billion)
1.2.3. Integrated Bridge System Market, by Component, 2020-2030 (USD Billion)
1.2.4. Integrated Bridge System Market, by Subsystem, 2020-2030 (USD Billion)
1.2.5. Integrated Bridge System Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Integrated Bridge System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Integrated Bridge System Market Dynamics
3.1. Integrated Bridge System Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising global maritime trade Expansion of port cities and port development Increasing demand for naval vessels
3.1.2. Market Challenges System digitization leading to cyber threats
3.1.3. Market Opportunities Increasing vessel modernization Rising technological advancements
Chapter 4. Global Integrated Bridge System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Integrated Bridge System Market, by Vessel Type
5.1. Market Snapshot
5.2. Global Integrated Bridge System Market by Vessel Type, Performance – Potential Analysis
5.3. Global Integrated Bridge System Market Estimates & Forecasts by Vessel Type 2020-2030 (USD Billion)
5.4. Integrated Bridge System Market, Sub Segment Analysis
5.4.1. Commercial Vessel
5.4.2. Defense Vessel
Chapter 6. Global Integrated Bridge System Market, by Component
6.1. Market Snapshot
6.2. Global Integrated Bridge System Market by Component, Performance – Potential Analysis
6.3. Global Integrated Bridge System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Integrated Bridge System Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
Chapter 7. Global Integrated Bridge System Market, by Subsystem
7.1. Market Snapshot
7.2. Global Integrated Bridge System Market by Subsystem, Performance – Potential Analysis
7.3. Global Integrated Bridge System Market Estimates & Forecasts by Subsystem 2020-2030 (USD Billion)
7.4. Integrated Bridge System Market, Sub Segment Analysis
7.4.1. INS
7.4.2. VDR
7.4.3. AWOS
7.4.4. AIS
Chapter 8. Global Integrated Bridge System Market, by End-use
8.1. Market Snapshot
8.2. Global Integrated Bridge System Market by End-use, Performance – Potential Analysis
8.3. Global Integrated Bridge System Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
8.4. Integrated Bridge System Market, Sub Segment Analysis
8.4.1. OEM
8.4.2. Aftermarket
Chapter 9. Global Integrated Bridge System Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Integrated Bridge System Market, Regional Market Snapshot
9.4. North America Integrated Bridge System Market
9.4.1. U.S. Integrated Bridge System Market Vessel Type breakdown estimates & forecasts, 2020-2030 Component breakdown estimates & forecasts, 2020-2030 Subsystem breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Integrated Bridge System Market
9.5. Europe Integrated Bridge System Market Snapshot
9.5.1. U.K. Integrated Bridge System Market
9.5.2. Germany Integrated Bridge System Market
9.5.3. France Integrated Bridge System Market
9.5.4. Spain Integrated Bridge System Market
9.5.5. Italy Integrated Bridge System Market
9.5.6. Rest of Europe Integrated Bridge System Market
9.6. Asia-Pacific Integrated Bridge System Market Snapshot
9.6.1. China Integrated Bridge System Market
9.6.2. India Integrated Bridge System Market
9.6.3. Japan Integrated Bridge System Market
9.6.4. Australia Integrated Bridge System Market
9.6.5. South Korea Integrated Bridge System Market
9.6.6. Rest of Asia Pacific Integrated Bridge System Market
9.7. Latin America Integrated Bridge System Market Snapshot
9.7.1. Brazil Integrated Bridge System Market
9.7.2. Mexico Integrated Bridge System Market
9.8. Middle East & Africa Integrated Bridge System Market
9.8.1. Saudi Arabia Integrated Bridge System Market
9.8.2. South Africa Integrated Bridge System Market
9.8.3. Rest of Middle East & Africa Integrated Bridge System Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Alphatron Marine B.V. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Consilium Marine & Safety Ab
10.3.3. Danelec Marine A/S
10.3.4. Furuno Electric Co. LTD.
10.3.5. DSME Co., Ltd.
10.3.6. Gem Elettronica
10.3.7. Hensoldt UK
10.3.8. L3 Mapps Inc.
10.3.9. Japan Radio Co., LTD.
10.3.10. Kongsberg
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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