Integrated Bridge Systems Market Forecasts to 2028 – Global Analysis By Component (Hardware, Software and Other Components), Ship Type (Commercial Ships, Defense Ships, Other Ship Types), Sub-System (Indian Navy Ship (INS), Telecommunication & IT, Voyage

Integrated Bridge Systems Market Forecasts to 2028 – Global Analysis By Component (Hardware, Software and Other Components), Ship Type (Commercial Ships, Defense Ships, Other Ship Types), Sub-System (Indian Navy Ship (INS), Telecommunication & IT, Voyage Data Recorder and Other Sub-Systems), End User and Geography

According to Stratistics MRC, the Global Integrated Bridge Systems Market is accounted for $6.1 billion in 2022 and is expected to reach $9.3 billion by 2028 growing at a CAGR of 7.4% during the forecast period. An integrated bridge system (IBS) is a collection of interconnected technologies that enables workstations to have centralised access to sensor data or command and control in order to improve the safe and effective administration of ships by appropriately certified personnel. In order to manage and manoeuvre the vessels in a specific direction as well as to help with surveillance, navigation systems are connected with other components such multifunctional consoles, radars, motion sensors, and GPS. The seamless integration of numerous sensors on a single platform is IBS's key benefit.

Market Dynamics:

Driver:

Rising preference for maritime tourism

The demand for cruise ships, ferries, and other passenger transport vessels gradually rises as marine tourism expands. There are many rules established for this maritime tourist sector because it is a significant source of income for countries. Tourism has been steadily increasing, which has benefited the marine industry. The leisure travel market's fastest-growing industry is this one. Modern systems are being adopted by passenger ships to improve customer service and safety as well as navigation and communication. These cutting-edge solutions are offered by major industry participants in integrated bridge systems, such Northrop Grumman, for recreational uses. Opportunities for expansion for both producers of integrated bridge systems and shipbuilders are anticipated to increase with the growth of the maritime tourism sector.

Restraint:

Digitalization leading to cyber threats

The maritime sector is continuously advancing in terms of digitalization. Worldwide ship digitization creates new cyber concerns. Due to the employment of satellites in a vessel to shore connectivity, the integration of navigational equipment and can lead to cyber threats. The management of cyber risk needs to be prioritised more in order to sustain safe vessel operation. Because of navigational satellites, cyber incidents such as data corruption in an ECDIS and the loss of external sensor data might occur in ships. According to the International Chamber of Shipping, bridge systems that are not connected to other networks are just as vulnerable because such systems are frequently updated from other networks using removable media. The ECDIS, AIS, VDR, and radar components of integrated bridge systems may not be available, and they may be impacted by a cyber threat. As online threats and attacks are on the rise, the maritime safety committee (MSC) of the international maritime organisation has established provisional recommendations to avoid cyber attacks on ship systems.

Opportunity:

Precise navigational safety standards & regulations

According to the International Maritime Organization's (IMO) recommendations, nations like the US, the UK, and India are updating and implementing maritime safety regulations. As a result, global safety requirements are becoming more uniform. Because of this, manufacturers of integrated bridge systems have been able to win contracts from numerous businesses, expanding their presence and guaranteeing the quality of their goods. A standard for E-navigation systems, which link onshore and offshore activities to improve coordination, is being finalised by the IMO. Small and large businesses in the integrated bridge systems market can create appropriate goods and effectively sell them as a result of the introduction of these standards. Products produced in accordance with IMO criteria have greater market credibility.

Threat:

Lack of skilled IBS operators

A trained workforce will be needed for the building of new, technologically advanced ships and port infrastructure (to fulfil the growing demand for seaborne trade) and for IMO regulation of many areas of marine transportation (such as safety, security, and environmental protection). Radar, ECDIS, and Gyrocompass are only a few of the many interconnected parts that make up integrated bridge systems. The ship crew must receive extensive training in order to successfully operate these technologies. The expense of training is quite high because it necessitates the purchase of pricey simulators. Inadequate staff training and an over-reliance on e-navigation can also contribute to maritime mishaps. Meeting the bare minimum training requirements is insufficient; police should have access to rigorous training. Therefore, shipping businesses face a hurdle in using these new technologies.

Covid-19 Impact

The pandemic caused a reduction in the workforce across many industries, including the market for integrated bridge systems, which caused the market to suffer significant losses during that time. Several manufacturers paused their activity in order to improve shutdown. Due to a lack of manufacturing supplies, many technological industries experienced market share losses. Due to the ban on internal travel to mitigate the impact of the COVID 19, the tourism industry and maritime trade were also put on hold for an extended period of time. The supply chain disruption and decreased production of raw materials have a negative impact on the market for integrated bridge systems.

The commercial ships segment is expected to be the largest during the forecast period

The commercial ships segment is estimated to have a lucrative growth, due to the rapid expansion of global seaborne trade, the appeal of ship-based marine tourism, and the rapidly growing number of port cities. Additionally, it is anticipated that increasing offshore resource exploration as well as rising import and export operations among numerous nations will propel the market for this segment.

The original equipment manufacturer (OEM) segment is expected to have the highest CAGR during the forecast period

The original equipment manufacturer (OEM) segment is anticipated to witness the fastest CAGR growth during the forecast period, due to it is primarily spurred by the quickly expanding demand for navy ships outfitted with cutting-edge integrated bridge systems. Additionally, OEM's capacity to integrate various solutions into a single system and its high level of scalability and modularity are projected to considerably fuel market expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increase in cruising and fishing activities as well as the expanding need for merchant ships in China are credited with this expansion. The market is anticipated to be supported by South Korea's expanding shipbuilding industry. 90% of shipbuilding activity worldwide was accounted for by China, Japan, and South Korea, according to a report from the United Nations Conference on Trade and Development (UNCTAD).

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to 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 defence budget. Additionally, it is anticipated that increasing exports and Canadian economic growth will stimulate the market.

Key players in the market

Some of the key players profiled in the Integrated Bridge Systems Market include Consilium Marine & Safety Ab, Danelec Marine A/S, DSME Co., Ltd., Alphatron Marine B.V., Hensoldt UK, Kongsberg, The Raytheon Company, Wärtsilä Oyj Abp, Tokyo Keiki Inc., Prime Mover Controls Inc., Praxis Automation Technology B.V., OSI Maritime Systems, Northrop Grumman Corporation, Mackay Communications, Inc., Marine Technologies LLC, Japan Radio Co., LTD., L3 Mapps Inc., Furuno Electric Co. LTD., Gem Elettronica and Noris Group GmbH.

Key Developments:

In September 2019, Raytheon Anschütz and the U.K. Royal Navy signed a contract to deliver Warship Integrated Navigation and Bridge Systems for UK Royal Navy’s Type 31e Frigates.

Components Covered:
• Hardware
• Software
• Other Components

Ship Types Covered:
• Commercial Ships
• Defense Ships
• Other Ship Types

Sub-Systems Covered:
• Indian Navy Ship (INS)
• Automatic Weather Observation System (AWOS)
• Voyage Data Recorder
• Automatic Identification System (AIS)
• Other Sub-Systems

End Users Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Integrated Bridge Systems Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Control Unit
5.2.2 Data Storage Devices
5.2.3 Sensors
5.2.4 Alarms
5.2.5 Display
5.3 Software
5.4 Other Components
6 Global Integrated Bridge Systems Market, By Ship Type
6.1 Introduction
6.2 Commercial Ships
6.2.1 Cruises
6.2.2 Dry Cargo
6.2.3 Bulk Carrier
6.2.4 Gas Tankers
6.2.5 Dredgers
6.2.6 Offshore Supply and Passenger Ferry
6.2.7 Tankers
6.2.8 Research Vessel
6.3 Defense Ships
6.3.1 Corvettes
6.3.2 Destroyers
6.3.3 Frigates
6.3.4 Amphibious Ship
6.3.5 Aircraft Carriers
6.3.6 Minesweepers
6.3.7 OPV's
6.3.8 Submarine
6.3.9 Missile Carrying Boats and Supply Boats
6.4 Other Ship Types
7 Global Integrated Bridge Systems Market, By Sub-System
7.1 Introduction
7.2 Indian Navy Ship (INS)
7.2.1 Advanced Research Projects Agency (ARPA)
7.2.2 Navigation Radar
7.2.3 Gyros
7.2.4 Electro Magnetic Log
7.2.5 Echo Sounder
7.2.6 Bridge Communication Console
7.2.7 Auto Pilot
7.2.8 Transmitting Magnetic Compass
7.2.9 Electronic Chart Display and Information Systems (ECDIS)
7.2.10 Bridge Navigational Watch & Alarm System (BNWAS)
7.3 Automatic Weather Observation System (AWOS)
7.4 Voyage Data Recorder
7.5 Automatic Identification System (AIS)
7.6 Other Sub-Systems
8 Global Integrated Bridge Systems Market, By End User
8.1 Introduction
8.2 Original Equipment Manufacturer (OEM)
8.2.1 Commercial
8.2.2 Defence
8.3 Aftermarket
8.3.1 Maintenance
8.3.2 Parts
8.4 Other End Users
9 Global Integrated Bridge Systems Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Consilium Marine & Safety Ab
11.2 Danelec Marine A/S
11.3 DSME Co., Ltd.
11.4 Alphatron Marine B.V.
11.5 Hensoldt UK
11.6 Kongsberg
11.7 The Raytheon Company
11.8 Wärtsilä Oyj Abp
11.9 Tokyo Keiki Inc.
11.10 Prime Mover Controls Inc.
11.11 Praxis Automation Technology B.V.
11.12 OSI Maritime Systems
11.13 Northrop Grumman Corporation
11.14 Mackay Communications, Inc.
11.15 Marine Technologies LLC
11.16 Japan Radio Co., LTD.
11.17 L3 Mapps Inc.
11.18 Furuno Electric Co. LTD.
11.19 Gem Elettronica
11.20 Noris Group GmbH
List of Tables
Table 1 Global Integrated Bridge Systems Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Integrated Bridge Systems Market Outlook, By Component (2020-2028) ($MN)
Table 3 Global Integrated Bridge Systems Market Outlook, By Hardware (2020-2028) ($MN)
Table 4 Global Integrated Bridge Systems Market Outlook, By Control Unit (2020-2028) ($MN)
Table 5 Global Integrated Bridge Systems Market Outlook, By Data Storage Devices (2020-2028) ($MN)
Table 6 Global Integrated Bridge Systems Market Outlook, By Sensors (2020-2028) ($MN)
Table 7 Global Integrated Bridge Systems Market Outlook, By Alarms (2020-2028) ($MN)
Table 8 Global Integrated Bridge Systems Market Outlook, By Display (2020-2028) ($MN)
Table 9 Global Integrated Bridge Systems Market Outlook, By Software (2020-2028) ($MN)
Table 10 Global Integrated Bridge Systems Market Outlook, By Other Components (2020-2028) ($MN)
Table 11 Global Integrated Bridge Systems Market Outlook, By Ship Type (2020-2028) ($MN)
Table 12 Global Integrated Bridge Systems Market Outlook, By Commercial Ships (2020-2028) ($MN)
Table 13 Global Integrated Bridge Systems Market Outlook, By Cruises (2020-2028) ($MN)
Table 14 Global Integrated Bridge Systems Market Outlook, By Dry Cargo (2020-2028) ($MN)
Table 15 Global Integrated Bridge Systems Market Outlook, By Bulk Carrier (2020-2028) ($MN)
Table 16 Global Integrated Bridge Systems Market Outlook, By Gas Tankers (2020-2028) ($MN)
Table 17 Global Integrated Bridge Systems Market Outlook, By Dredgers (2020-2028) ($MN)
Table 18 Global Integrated Bridge Systems Market Outlook, By Offshore Supply and Passenger Ferry (2020-2028) ($MN)
Table 19 Global Integrated Bridge Systems Market Outlook, By Tankers (2020-2028) ($MN)
Table 20 Global Integrated Bridge Systems Market Outlook, By Research Vessel (2020-2028) ($MN)
Table 21 Global Integrated Bridge Systems Market Outlook, By Defense Ships (2020-2028) ($MN)
Table 22 Global Integrated Bridge Systems Market Outlook, By Corvettes (2020-2028) ($MN)
Table 23 Global Integrated Bridge Systems Market Outlook, By Destroyers (2020-2028) ($MN)
Table 24 Global Integrated Bridge Systems Market Outlook, By Frigates (2020-2028) ($MN)
Table 25 Global Integrated Bridge Systems Market Outlook, By Amphibious Ship (2020-2028) ($MN)
Table 26 Global Integrated Bridge Systems Market Outlook, By Aircraft Carriers (2020-2028) ($MN)
Table 27 Global Integrated Bridge Systems Market Outlook, By Minesweepers (2020-2028) ($MN)
Table 28 Global Integrated Bridge Systems Market Outlook, By OPV's (2020-2028) ($MN)
Table 29 Global Integrated Bridge Systems Market Outlook, By Submarine (2020-2028) ($MN)
Table 30 Global Integrated Bridge Systems Market Outlook, By Missile Carrying Boats and Supply Boats (2020-2028) ($MN)
Table 31 Global Integrated Bridge Systems Market Outlook, By Other Ship Types (2020-2028) ($MN)
Table 32 Global Integrated Bridge Systems Market Outlook, By Sub-System (2020-2028) ($MN)
Table 33 Global Integrated Bridge Systems Market Outlook, By Indian Navy Ship (INS) (2020-2028) ($MN)
Table 34 Global Integrated Bridge Systems Market Outlook, By Advanced Research Projects Agency (ARPA) (2020-2028) ($MN)
Table 35 Global Integrated Bridge Systems Market Outlook, By Navigation Radar (2020-2028) ($MN)
Table 36 Global Integrated Bridge Systems Market Outlook, By Gyros (2020-2028) ($MN)
Table 37 Global Integrated Bridge Systems Market Outlook, By Electro Magnetic Log (2020-2028) ($MN)
Table 38 Global Integrated Bridge Systems Market Outlook, By Echo Sounder (2020-2028) ($MN)
Table 39 Global Integrated Bridge Systems Market Outlook, By Bridge Communication Console (2020-2028) ($MN)
Table 40 Global Integrated Bridge Systems Market Outlook, By Auto Pilot (2020-2028) ($MN)
Table 41 Global Integrated Bridge Systems Market Outlook, By Transmitting Magnetic Compass (2020-2028) ($MN)
Table 42 Global Integrated Bridge Systems Market Outlook, By Electronic Chart Display and Information Systems (ECDIS) (2020-2028) ($MN)
Table 43 Global Integrated Bridge Systems Market Outlook, By Bridge Navigational Watch & Alarm System (BNWAS) (2020-2028) ($MN)
Table 44 Global Integrated Bridge Systems Market Outlook, By Automatic Weather Observation System (AWOS) (2020-2028) ($MN)
Table 45 Global Integrated Bridge Systems Market Outlook, By Voyage Data Recorder (2020-2028) ($MN)
Table 46 Global Integrated Bridge Systems Market Outlook, By Automatic Identification System (AIS) (2020-2028) ($MN)
Table 47 Global Integrated Bridge Systems Market Outlook, By Other Sub-Systems (2020-2028) ($MN)
Table 48 Global Integrated Bridge Systems Market Outlook, By End User (2020-2028) ($MN)
Table 49 Global Integrated Bridge Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
Table 50 Global Integrated Bridge Systems Market Outlook, By Commercial (2020-2028) ($MN)
Table 51 Global Integrated Bridge Systems Market Outlook, By Defence (2020-2028) ($MN)
Table 52 Global Integrated Bridge Systems Market Outlook, By Aftermarket (2020-2028) ($MN)
Table 53 Global Integrated Bridge Systems Market Outlook, By Maintenance (2020-2028) ($MN)
Table 54 Global Integrated Bridge Systems Market Outlook, By Parts (2020-2028) ($MN)
Table 55 Global Integrated Bridge Systems Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings