What is Integrated Bridge Systems Market?
Integrated bridge systems (IBS) is that the combination of systems which are interconnected, so as to monitor bridge operation for increased safety as well as efficient bridge management. It also allows acquiring & monitoring of sensor information of numerous operations such as communication, passage execution, machinery control, safety, security, among others. These systems are designed for vessels such as container ships, tankers, mega yachts, and others. Recently, technological advancement has achieved the latest generation of bridge consoles which offers the ultimate ergonomic design for ease of operation as well as maintenance.
The market study is being classified and major geographies with country level break-up.
Northrop Grumman Sperry Marine (United Kingdom), Raytheon Anschütz GmbH (Germany), Furuno Electric Co. Ltd. (Japan), Kongsberg Gruppen ASA (Norway), Transas NR. Ltd. (Russia), Radio Maritima Internacional, S.A. (Spain), Wartsila Valmarine (Norway), Tokyo Keiki Inc. (Japan), Marine Technologies, LLC (United States) and Praxis Automation Technology (Netherlands) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Rolls Royce (United Kingdom), L3 Communications Mapps Inc. (Canada) and Mackay Communications, Inc. (United States).
Research Analyst at AMA predicts that United Kingdom, United States Manufacturers will contribute to the maximum growth of Global Integrated Bridge Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Integrated Bridge Systems market by Type, Application and Region.
On the basis of geography, the market of Integrated Bridge Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth in World Seaborne Trade
- A Rapid Growth in Maritime Tourism
- Increasing Compliance with Maritime Safety Norms
Market Trend
- Latest Technological Advancements
Restraints
- Digitalization to Render Ships Vulnerable to Cyber Threats
- An absence of Qualified Professionals in the Marine Industry
Opportunities
- Stricter Navigational Safety Regulations and Awareness
- Increasing Number of Port Cities in Developing Countries
Challenges
- Cost-Intensive Customization of an Integrated Bridge Systems
- Trained Officers Required to Operate an Integrated Bridge Systems
Market Leaders and some development strategies
On 16 Nov 2018, Mackay Communications, Inc. has announced its collaboration with Nichols Brothers Boat Builders and Lindblad Expeditions in the design, supply as well as installation of advanced integrated bridge systems (IBS).
On 4 Sept. 2018, MTU a division of Rolls Royce Plc. Has unveiled the new integrated bridge concept for safe and efficient ship operation. It offers comprehensive vessel monitoring solution with safe & efficient management. and On 23 Feb. 2017, Raytheon Anschütz, a global leader in IBS, had been selected by BAE Systems to offer the Integrated Navigation and Bridge System (INBS) for the United Kingdom Royal Navy’s new Type 26 Global Combat Ships.
Key Target Audience
Navigation Systems Manufacturers, Technology Support Providers, Solution Providers, Component Suppliers, IBS Consultants, Maritime Companies and Research Organizations