openPR Logo
Press release

Global Integrated Bridge Systems Market Size to Grow at a CAGR of 3.7% in the Forecast Period of 2022-2027

12-15-2022 12:16 PM CET | Logistics & Transport

Press release from: Expert Market Research

Global Integrated Bridge Systems Market Size to Grow at a CAGR

The 'Global Integrated Bridge Systems Market Size, Growth, Trends, Share, Report and Forecast 2022-2027' by Expert Market Research gives an extensive outlook of the global integrated bridge systems market, assessing the market on the basis of its segments like component, vessel type, subsystem, end user, and major regions.

Integrated Bridge Systems Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview 2017-2027

• Forecast CAGR (2022-2027): 3.7%

The global integrated bridge systems market is expected to register growth during the forecast period on account of the increase in seaborne trade across the globe. The growing maritime tourism industry and rise in naval ship demand coupled with the increasing number of port cities, especially in Asian countries, are expected to fuel the market growth of integrated bridge systems globally.

With the launch of new technologies in integrated bridge systems like robotic bridge maintenance systems that offer efficient and safe maritime operations, the demand for the integrated bridge systems market is expected to propel across the globe. The demand for robotics technology is increasing as it aids in the maintenance and cleaning of completely autonomous vessels without crew, captains, and pilot on board. This is likely to enhance the market growth of integrated bridge systems during the forecast period.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/integrated-bridge-systems-market/requestsample

Going further, robotics technologies like firefighter robots, hull cleaning robots, robot ship inspectors, anti-piracy robots, and robotic vessels, among others are being employed for various purposes across the naval industry. This is boosting the integrated bridge systems market over the upcoming years across the globe as more sophisticated integrated bridge systems are required for management of robotics technologies. However, growing digitalisation has led to an increase in cyber threats which is further expected to hamper the market growth of integrated bridge systems.

Integrated Bridge Systems Industry Definition and Major Segments

An integrated bridge system (IBS) is a set of interconnected technologies that provides workstations with centralised access to sensor data, command, and control, to improve the safe and effective administration of ships by appropriately certified personnel. These systems are designed to guarantee improved ship control along with better navigation safety, operating efficiently with fewer electronic equipment and smaller crews on the bridge.

Based on component, the market is classified into:

• Hardware
• Software

By vessel type, the market is segmented into:

• Commercial Vessel
• Defence Vessel

Based on subsystem, the market is classified into:

• VDR
• INS
• AIS
• AWOS

By end user, the market is segmented into:

• OEM
• Aftermarket

Based on region, the market is divided into:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa

Integrated Bridge Systems Market Trends

The surging number of suppliers of naval ships coupled with rising fishing and cruise industries is anticipated to bolster the market growth of integrated bridge systems over the upcoming years.

Geographically, the North American region is anticipated to drive the integrated bridge systems market growth on account of the surging adoption of advanced technologies. The robust presence of key market players such as Northrop Grumman Corporation, Raytheon Technologies Corporation, and L3Harris Technologies, Inc., among others in the region is further expected to enhance the market growth of integrated bridge systems in North America.

In the United States, the growing defence budget for the navy is boosting the demand for integrated bridge systems. The increasing export operations overseas along with the economic development in countries like Canada are expected to propel the installation of integrated bridge systems.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/integrated-bridge-systems-market

Meanwhile, the Asia Pacific region is expected to gain momentum in the integrated bridge systems market share over the coming years. This is due to the surging fishing and cruising activities coupled with increasing demand for merchant ships, especially in China. The increasing shipbuilding activities in countries like South Korea are likely to enhance the market growth in the region.

In Europe, the increasing oil and gas exploration and production activities coupled with an upsurge in maritime-linked operations are expected to bolster the market growth of integrated bridge systems. The growing defence shipbuilding industry in the United Kingdom is likely to push forward market growth over the coming years.

Key Market Players

The major players in the global integrated bridge systems market report are:

• Northrop Grumman Corporation
• Wärtsilä Corporation
• Kongsberg Gruppen ASA
• Raytheon Technologies Corporation
• L3Harris Technologies Inc.
• Sinor Marine Technologies
• Mackay Communications Inc.
• Tokyo Keiki Inc.
• Hensoldt AG
• Noris Group GmbH
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

Media Contact:

Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
LinkedIn: https://www.linkedin.com/company/expert-market-research

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to client's requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Integrated Bridge Systems Market Size to Grow at a CAGR of 3.7% in the Forecast Period of 2022-2027 here

News-ID: 2850764 • Views:

More Releases from Expert Market Research

North America Industrial Starch Market Size, Share, Price, Forecast 2024-2032
North America Industrial Starch Market Size, Share, Price, Forecast 2024-2032
North America Industrial Starch Market Outlook According to the report by Expert Market Research (EMR), the North America industrial starch market size reached a value of USD 24.05 billion in 2023. Aided by the escalating demand for starch and its derivatives in a myriad of industrial applications, the market is projected to further grow at a CAGR of 6.7% between 2024 and 2032 to reach a value of USD 43.36 billion
Adderall Drug Market Size, Share, Trends, Research, Analysis, Industry, Analysis 2032
Adderall Drug Market Size, Share, Trends, Research, Analysis, Industry, Analysis …
The introduction of Adderall, a medication primarily used to treat attention deficit hyperactivity disorder (ADHD), has significantly impacted the pharmaceutical landscape. Its widespread use and market dynamics have garnered attention globally. In this comprehensive analysis, we delve into various aspects of the Adderall market, ranging from its historical evolution to future projections, alongside exploring the competitive landscape and regulatory influences. Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/adderall-drug-market/requestsample Market
United States Perineal Care Market Size, Share, Trends, Industry, Analysis 2032
United States Perineal Care Market Size, Share, Trends, Industry, Analysis 2032
Introduction A. Brief overview of the United States perineal care market The United States perineal care market encompasses a range of products and services aimed at maintaining hygiene and health in the perineal region, which includes the genitals and anal area. This market is a crucial component of overall healthcare, particularly in settings such as hospitals, long-term care facilities, and homecare, where maintaining cleanliness and preventing infections are paramount. B. Importance of perineal
United States Generic Drug Market Size, Share, Trends, Industry, Analysis 2032
United States Generic Drug Market Size, Share, Trends, Industry, Analysis 2032
In the intricate web of the healthcare industry, the role of generic drugs is pivotal. These pharmaceutical equivalents to brand-name drugs have significantly reshaped the landscape, offering cost-effective alternatives to consumers and healthcare providers alike. This analysis delves deep into the dynamics of the United States generic drug market, aiming to unravel its trends and competitive landscape. Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/united-states-generic-drug-market/requestsample Overview of the United

All 5 Releases


More Releases for Integrated

Integrated Pest Management IPM Market 2020-2027| BASF SE, Advanced Integrated Pe …
The Research Insights has recently added a new survey report to their vivid and dynamic database. They have formulated this report by taking into consideration all the key aspects that tend to have an impact on the global Integrated Pest Management IPM Market share, revenue, and profitability. The industry has demonstrated the present day scenario to socially configure a detailed understanding of the future projections of the market. Request for Sample
Integrated Dairy Farming
The quality and hygienic food is the new era of modernization, and with these new habits, unadulterated food production has become the trend among the food processors. Well, it's not only limited to food production, but it also applies to all the industrial areas. Dairy farming is an ancient and traditional business for most of the small dairy farmers, where the milk production is carried out and further, that milk is
Converged Infrastructure Management Market Report 2018: Segmentation by Type (Fa …
Global Converged Infrastructure Management market research report provides company profile for Egenera Inc, IBM Corporation, Avnet Inc, NetApp, Cisco Systems Inc, ACS, MTI, Dell Inc, Hitachi Data Systems Co, HP Enterprises, Melillo Consulting, CTC Global Ltd, CA Technologies, Conres IT Sol and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in
Integrated Building Management Systems Market – The Degree Of Flexibility Offe …
Building Management Systems (BMS) or building automation systems (BAS) are computer based control systems installed in buildings, which monitor and control the building’s electrical and mechanical equipment such as security system, fire system, power system, lighting and ventilation. Building management systems consist of hardware and software. The software can be proprietary and is generally programmed in a hierarchical manner, using protocols such as Profibus and C-Bus. In modern times, building
Global Converged Infrastructure Management Market: By Types - Fabric Architectur …
Researchmoz added Most up-to-date research on "Global Converged Infrastructure Management Market: By Types - Fabric Architecture Integrated System, Workload Integrated System & Reference Architecture Integrated Systems" to its huge collection of research reports. This report studies Converged Infrastructure Management in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This
Global Battery Management Integrated Circuit Market Report 2017 : Analog Devices …
Qyresearchreports include new market research report "Global Battery Management Integrated Circuit Market Research Report 2017" to its huge collection of research reports. To stay competitive in an ever evolving scenario, this report on the global Battery Management Integrated Circuit market has been prepared to serve as a reliable business tool for its audiences. In this report on the global Battery Management Integrated Circuit market, a comprehensive qualitative analysis of factors responsible