An integrated bridge system is a combination of numerous systems including autopilot, radar, gyro, position fixing systems, ECDIS, power distribution system, steering gear, sensors, and GMDSS which are interconnected to allow a centralized monitoring of various navigational tools and improve the overall operational efficiency of ships.
The growth of the integrated bridge systems for ships market is expected to be driven by key factors such as the increasing international seaborne trade and shipbuilding, growing demand for cruise ships, and a rise in spending on naval warships. However, the high cost of customized integrated bridge systems is expected to restrict the market growth in the global market. On the other hand, increased spending on port construction in developing nations and rising awareness about maritime safety and security pose lucrative opportunities for the vendors in the integrated bridge systems for ships market.
Recent News :
In December 2023, Sperry Marine introduced the most recent update to its collection of interconnected bridge systems, known as VisionMaster Net version 4.0. The VisionMaster series of integrated bridge systems enables the integration of VisionMaster Net and third-party equipment in any desired configuration, allowing for the creation of a fully networked vessel bridge. This encompasses several technologies like as radar, ECDIS, gyro, VDR, GPS, AIS, and numerous other systems.
These technologies enable the integration of disparate equipment into a unified network, facilitating the sharing of data. The outputs are then presented on multifunction work screens. The networked infrastructure serves as the basis for centralized data management on the vessel by including the SperrySphere back of bridge platform. This platform allows for data-driven monitoring and maintenance of the onboard systems. The business claims that the most recent update of VisionMaster Net version 4.0 provides enhanced alert management features, including an upgraded activation of AIS targets, a changed built-in iHelp tool for user familiarization, and increased cyber security protection.
COVID-19 Impact vs Opportunities for Global Integrated Bridge System for Ships Market:
The integrated bridge systems for the shipping market had a major impact due to the spread of the pandemic virus. COVID-19 affected a large number of people across the globe, and the IBS market faced huge challenges during the pandemic’s spread. The R&D, production, distribution, and sales were negatively impacted, and the employees working around were infected with the virus. Countries such as the US, the UK, and India constitute a large number of market players with high-volume sales. These regions were hit hard by the different variants of the virus, further affecting the manufacturing of different products. The government authorities passed regulations to stop the production of non-essential products to prevent the disease from spreading. In addition, a large number of countries across the globe faced an economic, social, and fiscal crisis. The mobility of the people was restricted, and no recreational activities were carried out, so the demand for new ships and their components declined significantly during the pandemic. However, the increased spending on port construction in developing nations offers lucrative opportunities for the growth of the players in the global integrated bridge systems for ships market.
Drivers:
With growing international seaborne trade and shipbuilding, the demand for efficient and safe ship management is likely to continue growing, thereby driving the demand for integrated bridge systems. Thus, the increasing international seaborne trade and shipping is expected to drive the growth of the global integrated bridge systems for ships market during the forecast period.
Opportunities:
Over the past few years, port construction & development activities have significantly risen in developing nations, particularly in Asia. These emerging economies have been investing heavily in the construction & development of ports for facilitating trade, military operations, and other strategic purposes. Most of these port construction & development activities are focused on improving extensive port service capacities, accelerating the construction of green ports, driving the development of intelligent ports, upgrading port management systems, and integrating ports, thus creating lucrative opportunities for the growth of the players in the global integrated bridge systems for ships market.
Restraint:
The high customization cost involved in integrated bridge systems is primarily responsible for restraining the overall demand for integrated bridge systems, thereby restricting the growth of the global integrated bridge systems for ships market during the forecast period.
Challenges:
The use of digital network systems for navigation has been on the rise. Such systems come equipped with an interface to shoreside networks to provide updates and services, making them vulnerable to cyber risks. Even the bridge systems that are not connected to any shoreside network can be equally vulnerable, owing to the usage of removable media for updates from networks, including controlled and uncontrolled ones. Thus, the vulnerability to cyber risks is a crucial challenge for the players in the global integrated bridge systems for the ship’s market.
Value Chain Analysis
The global Integrated bridge systems for ships market is growing steadily and is expected to upsurge in the near future due to the increasing number of millionaires, rising advancements in the shipping industry such as digital sensors, autonomous controls, IoT, and efficient propulsion technology. Moreover, the integration of technologies such as big data analytics, remote monitoring, 5G connectivity, and power technologies are strengthening the Integrated Bridge Systems (IBS) for the Ships market. The value chain analysis for the IBS for ships market comprises of four major components, which start with R&D followed by component production, assembly, and end-use.
The global Integrated Bridge System for Ships Market has been segmented on the basis of component, ship type, sub-system, end-user, and region.
The global Integrated Bridge System for Ships Market, based on Components, has been segmented into Hardware and Software. The Hardware segment accounted for the largest market share in 2020 and is expected to remain the same during the forecast time frame.
On the basis of Ship Type, the global Integrated Bridge System for Ships Market has been segmented into Commercial and Defence.
Based on Sub System the global Integrated Bridge System for Ships Market has been segmented into Voyage Data Recorders (VDR), Automatic Identification Systems (AIS), Automatic Weather Observation Systems, and Integrated Navigation Systems.
The global Integrated Bridge System for Ships Market based on End-User is segmented into OEM and Aftermarket.
The global Integrated Bridge System for Ships Market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and the Rest of the World.
Asia Pacific accounted for the largest market share in 2021. is primarily due to continuous developments in the shipping industry in developing countries such as India and China. The presence of the shipbuilding industry in the region is on the rise, and the key players in the region, such as China, South Korea, and Japan, are making advances in terms of technological competencies in IBS for ships to capture a greater market share of the commercial maritime industry.
Europe accounted for the second largest market share. primarily due to rising international seaborne trade and increasing oil & gas production and exploration activities coupled with increasing demand for these systems in the region.
The global market for Integrated Bridge Systems is projected to witness healthy growth during the forecast period, owing to increased international seaborne trade and shipbuilding and growing demand for cruise ships. The global market represents strong numbers in terms of consumption.
Key players operating in the global Integrated Bridge System for Ships Market include Northrop Grumman Corporation (US), Rolls-Royce plc (UK), Wärtsilä (Finland), Kongsberg Maritime AS (Norway), Raytheon Technologies Corporation (US), L-3 Mapps (UK), HENSOLDT (Germany), Alphatron Marine B.V. (Netherlands), RH Marine (Netherlands), GEM Elettronica (Italy), Vaisala (Finland), OSI MARITIME SYSTEMS (Canada), ABB Ltd (Switzerland), Furuno Electric Co., Ltd. (Japan), TOKYO KEIKI (Japan), Danelec Marine (Denmark), Consilium (Sweden), Marine Technologies, LLC (US), Praxis Automation Technology B.V. (Netherlands), Norris Group GmbH (Germany), Mackay Communications, Inc. (US), PRIME MOVER CONTROLS INC. (Canada), PC Maritime (UK), LARSEN & TOUBRO LIMITED (India), and NAUDEQ (France).
Recent Developments
Alphatron Marine signed an MoU with Navis Engineering based in Finland, on a partnership to develop a highly innovative range of Ship Motion Control Systems based on Autopilot and Dynamic Positioning technologies which can become an integrated part of the JRC navigation system in June 2021
Alphatron Marine and Cobham SATCOM signed a Certified Service Center (CSC) contract to become one of the preferred service suppliers in the Netherlands and Belgium in land and maritime sectors in March 2021
Alphatron Marine B.V. and Terma A/S have signed a Memorandum of Understanding (MOU) for the cooperation within sales, integration, and service related to Terma’s C-Series, C-Flex Patrol and SCANTER radar solutions within the Naval and Maritime sector. The MOU reaffirms the long-lasting cooperation between the two companies and expresses a mutual intention to strengthen and expand the partnership in November 2020
RH Marine has developed a new green Dynamic Positioning system, which optimizes the fuel consumption of generators and thrusters. As a result, ships can sail more efficiently and save fuel. By switching completely to batteries, the DP system also enables vessels to sail more quietly in Dynamic Positioning mode in June 2021
Alphatrom Marine announced the development of a new autopilot, named, the AlphaPilot MFS-VR. The AlphaPilot MFS-VR is an adaptive autopilot that uses information of speed or draft and it is suitable for multiple vessel types, like workboats, fast crew tender vessels, fishing boats, tugs and more. The new pilot can easily be used to retrofit and previous models or any other autopilot in May 2021
Report Overview
As per MRFR, the global Integrated Bridge System for Ships Market has been growing significantly over the past few years. The global Integrated Bridge System for Ships Market has been segmented on the basis of Component, Ship Type, Sub System, End-Use, and Region. Based on region, the Integrated Bridge System for Ships Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and the Rest of the World.
Objective of the Study
Scope of the Report
The scope of the global Integrated Bridge System for Ships Market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global Integrated Bridge System for Ships Market has been segmented on the basis of, component, ship type, sub-system, end use, and region.
Intended Audience
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2020: USD 7,728.45 Million |
| CAGR | 4.06 % CAGR |
| Base Year | 2021 |
| Forecast Period | 2020-2030 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, ship type, sub-system, end use, and region. |
| Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and Rest of the World |
| Key Vendors | Northrop Grumman Corporation (US), Rolls-Royce plc (UK), Wärtsilä (Finland), Kongsberg Maritime AS (Norway), Raytheon Technologies Corporation (US), L-3 Mapps (UK) |
| Key Market Opportunities | • Increasing spending on port construction in developing nations • Rising awareness about navigational safety and security |
| Key Market Drivers | • Increasing international seaborne trade and shipbuilding • Gowing demand for cruise ships • Rise in spending of naval warships |
Integrated Bridge System for Ships Market Highlights:
Frequently Asked Questions (FAQ) :
Integrated Bridge System for Ships Market was valued at USD 7,728.5 million in 2020 and is expected to grow at a CAGR of 4.06% by 2022-2030
Northrop Grumman Corporation (US), Rolls-Royce plc (UK), Wärtsilä (Finland), Kongsberg Maritime AS (Norway), Raytheon Technologies Corporation (US), L-3 Mapps (UK) are expected to be the major competitors in the Integrated Bridge System for Ships Market during the projected period.
The Asia-Pacific region is expected to be the largest market for Integrated Bridge Systems market during the forecast period.
High cost of customized integrated bridge systems may slow the growth of the Integrated Bridge System for Ships Market during the forecast period.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
