Press release
Integrated Bridge Systems Market Size, Share, Growth Report and Forecast 2024-2032
Integrated Bridge Systems refer to the integration of shipboard systems and technologies into a single, unified system to ensure seamless navigation and operations. These systems are pivotal for the maritime sector, streamlining operations, facilitating enhanced safety measures, and promoting optimal resource usage. As vessels become more technologically sophisticated, the adoption of IBS becomes an imperative rather than a luxury.
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One major propellant behind the surge in the integrated bridge systems market growth is the global thrust towards maritime safety. With the International Maritime Organization (IMO) and other governing bodies underlining the importance of safe sea navigation, ship operators are increasingly adopting IBS into their ships. Integrated systems ensure efficient communication, avoid system redundancies, and reduce the potential for human errors, thus ensuring safer sea voyages for passengers and goods.
As per the integrated bridge systems market analysis, the maritime sector's push towards automation and digitalisation significantly drives the IBS market forward. With the introduction of concepts like autonomous ships and the increasing implementation of artificial intelligence and machine learning in maritime operations, a robust integrated system becomes indispensable. It ensures that all subsystems work in synergy, providing real-time data, analytics, and automation tools to ship operators.
The role of IBS in streamlining operations and promoting fuel efficiency is another factor propelling integrated bridge systems market demand. As the maritime industry grapples with regulations related to emissions and looks towards sustainable operations, integrated systems, which optimise routes and operations leading to fuel savings, are witnessing augmented demand in the market.
The shipbuilding industry, especially in regions like Asia-Pacific, is experiencing a renaissance. Countries like China, South Korea, and Japan are at the forefront of shipbuilding activities. As new vessels are constructed, the integration of advanced bridge systems becomes crucial, further contributing value to the integrated bridge systems market size.
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Integrated Bridge Systems Market Segmentation
The market can be divided based on component, vessel type, subsystem, end user, and region.
Market Breakup by Component
Hardware
Software
Market Breakup by Vessel Type
Commercial Vessel
Defence Vessel
Market Breakup by Subsystem
VDR
INS
AIS
AWOS
Market Breakup by End User
OEM
Aftermarket
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global integrated bridge systems market. Some of the major players explored in the report by Expert Market Research are as follows:
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
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