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Ship Bridge Simulator Market Analysis, Size, Share and Key Trends 2018 - 2028

08-14-2018 12:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Ship Bridge Simulator Market Analysis, Size, Share and Key

Ship bridge simulators are highly sophisticated maneuvering equipment developed especially for professional training and testing of marine systems with realistic and complex simulation environment, which provides realistic experience. Ship simulators are generally of two types, i.e., interactive or non-interactive, both offer concept training, skill training and understanding of the marine systems; ship bridge simulator is an interactive simulator.

These simulators come as a software solution or combination of software and hardware. With minimum requirement, these software solutions can be installed in any PC. They provide the user with an artificial environment for system testing or professional training. Ship bridge simulators are especially designed for system testing and professional trainings such as live training, constructive training, virtual training and gaming simulation training. Majorly, they are used in marine or maritime institutes.

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Ship Bridge Simulator Market: Drivers and Challenges

Importance of trained watch-officers or trained operators on a ship for navigation, map plotting, weather monitoring, fire control, search, surveillance and mission rehearsal drives the market of ship bridge simulators over coming years. Also, as they are especially used for training EW (electronic warfare) cadets. Another key factor attributing to the market growth of ship bridge simulators is the emerging modern warfare technologies and systems such as network centric and electronic warfare, which need ship bridge simulator for system testing. Moreover, the growth of automation & technology in the marine industry has increased its attractiveness among the consumers. Furthermore, stringent regulations by maritime legislatives for efficient training of electronic warfare personnel will enhance the market revenue of ship bridge simulators over the forecast period.

Ship bridge simulator customer base is an extensive mix of diverse organizations, from training centers, universities to shipping & oil and gas industries. The organization includes naval officers, maritime police and coast guard, a huge customer base will increase the demand for ship bridge simulators and subsequently will boost the market.

According to the STCW Code (the manila amendments), which conclude the competency of a cadet/personnel, a ship bridge simulator training is mandatory for all the personnel will call for more number of ship bridge simulators, contributing significantly to the ship bridge simulator market. Moreover, safety standards demand efficient and highly qualified personnel thus maritime institutes around the world need these simulators in training for mission planning and decision support, as real life training with real equipment is a challenge. Hence, ship bridge simulator is the future of maritime institute.

On the flip side, huge expenditure incurred in the development of ship bridge simulator could act as a restrain in the growth of the ship bridge simulator market.

Ship Bridge Simulator Market: Segmentation

On the basis of product type, the ship bridge simulator market can be segmented as:

Professional Training (Fixed or Portable)
Live Training
Constructive Training
Virtual Training
Gaming Simulation Training
System Testing (Fixed or Portable)

On the basis of application, the ship bridge simulator market can be segmented as:

Marine
Educational

On the basis of component, the ship bridge simulator market can be segmented as:

Hardware
Software

Ship Bridge Simulator Market: Regional Overview

During the forecast period, APEJ is expected to occupy a greater market share owing to increasing number of maritime institutes and academies in the region. Moreover, the area’s increasing passenger traffic and export and import business will drive the need of marine systems, which in turn will increase the regional market share of ship bridge simulators. North America will follow APEJ in the ship simulator market owing to strict government regulations for standard safety. The Middle East and Africa will see a steady growth rate due to the growing marine industry.

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Ship Bridge Simulator Market: Key Players

Examples of some of the key participants in the global ship bridge simulator market are:

FORCE Technology
Image Soft
Kongsberg Maritime
MI Simulators
Mitsui Engineering & Shipbuilding Co.,ltd.
NAUDEQ
PC Maritime Ltd
ARI Simulation
Adacel Technologies Limited
Presagis Canada Inc.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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