Integrated Bridge Systems Market Share, Size, Trends, Industry Analysis Report, By Ship Type (Commercial Ships and Defense Ships); By End-User; By Sub-system; By Component; By Region; Segment Forecast, 2022-2030
- Published Date:Dec-2022
- Pages: 114
- Format: PDF
- Report ID: PM2931
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global integrated bridge systems market was valued at USD 5.86 billion in 2021 and is expected to grow at a CAGR of 4.8% during the forecast period.
A rapid surge in world seaborne trade, extensive growth in maritime tourism across the world, and an increasing number of port cities especially in Asia countries such as India, China, and Malaysia are major factors driving the growth of the global market.
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In addition, increasing preferences for these systems to enhance the efficient and safe management of ships by skilled operators and cost reduction of wireless sensors due to high competition among manufacturers coupled with its ability to properly manage the raw materials from getting destroyed are further expected to boost the integrated bridge systems market growth in the coming years.
In the last few years, the popularity of integrated bridge systems has been growing significantly as it offers reliable navigation in extreme conditions and sound performance along with the collection of data from all-on-board systems and sub-systems and navigation sensors. Moreover, the development of integrated bridge systems with the help of integrating and assembling open design architecture and combinational of various navigational equipment to provide an efficient design to bridge, which enhances the safety, convenience, and flexibility of monitoring in real-time. All these factors are likely to contribute positively to the market and boost the adoption of these systems all over the world over the course of the forecast period.
For instance, in May 2022, Raytheon Anschutz, a business of Raytheon Technologies Corporation, announced that it has successfully delivered a state-of-the-art navigation system to the Canadian Coast Guard.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the integrated bridge systems market. Various manufacturers of integrated bridge systems across the globe were facing many operational issues & lack of workforce due to imposed lockdowns and other types of restrictions by government bodies. Manufacturers were unable to procure production-related equipment and raw materials due to high disruptions in the supply chain, which has impacted the global market negatively.
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Industry Dynamics
Growth Drivers
Increasing adoption of cascade adaptive system technology in which information can be shared and displayed easily on a naval ship’s bridge, which helps operators to monitor all types of operations on the vessels is a key factor expected to drive the growth of the global market over the projected period.
Furthermore, high technological advancements such as robotic ship maintenance by naval users, which improves various types of maritime operations and provide a safer environment, and the growing popularity of maritime tourism across the globe are also likely to be key factors driving the market growth in the next coming years. Moreover, increasing demand and penetration for robotics technology in naval maintenance work is propelling the global market growth.
Report Segmentation
The market is primarily segmented based on ship type, end-user, sub-system, component, and region.
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By Ship Type |
By End-User |
By Sub-system |
By Component |
By Region |
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Commercial ships segment accounted for the largest market share
The commercial ships segment accounted for a significant market share and is expected to grow at a healthy growth rate owing to rapid growth in international seaborne trade, the rising popularity of maritime tourism through ships, and a highly increasing number of port cities. In addition, continuously rising exploration of offshore resources and increasing import and export activities among many countries are expected to drive the segment market forward.
Moreover, the defense segment is likely to grow during the anticipated period. The growth of the market is mainly driven by the increased usage of ambitious ships to provide support to ground-based troops in terms of transport, refueling of military vehicles, ammunition, and protecting the troops and vehicles from enemy surface vessels as well as aircraft.
OEM segment is expected to witness the fastest growth
The OEM segment is expected to witness the fastest growth throughout the forecast period, which is mainly accelerated by rapidly growing demand and need for naval ships equipped with innovative and advanced integrated bridge systems. Additionally, the ability of OEM to feature multiple solutions in one single system and high scalability and modularity are likely to fuel the market growth significantly.
Furthermore, the aftermarket segment is anticipated to register considerable market growth over the coming years on account of increased up-gradation and development-related activities of the commercial naval vessels for enhanced safety of passengers and integration of various navigation functions for the purpose to avoid or reduce the number of human errors.
Integrated navigation systems held the significant market revenue share
The integrated navigation systems held the largest revenue share, in 2021. The growth of the segment market can be attributed to the increased adoption of advanced and innovative INS systems in both commercial and defense ships across the world. In addition, increased focus on the deployment of the INS system in naval ships for various purposes is also driving market growth.
Furthermore, the voyage data recorder segment is expected to register the highest growth rate during the forecast period due to the extensively rising use of VDR systems in naval vessels worldwide. VDR system helps to improve the safety of ships during maritime operations and enhances the data system of all onboard integrated software on the ships.
Hardware segment is projected to hold a significant market share
The hardware segment is predicted to hold a significant market share during the anticipated period, which is attributed to the growing requirement for integrated bridge systems on commercial ships as well as defense ships. Hardware components including displays, controls, sensors, alarms, and storage devices play a very crucial role in the subsystems like INS, AIS, and AWOS, which integrate with integrated bridge systems. Moreover, the software segment is likely to expand significantly over the study period owing to rising demand for software applications from various shipbuilders around the world.
North America dominated the global market in 2021
The North America region dominated the market for integrated bridge systems in 2021 and is expected to maintain its dominance over the next coming years. The growth of the regional market is mainly driven by the high defense budget for the navy and increasing developments and improvements in integrated systems and solutions. Additionally, rising exports and high economic development in the countries like the United States and Canada are also boosting the adoption of these systems in the region.
Asia Pacific is expected to emerge as the fastest-growing region over the projected period owing to a continuous rise in fishing and cruising activities along with the growing demand for merchant ships from China and South Korea. In addition, growing efforts by market players and governments also on the development and enhancement of integrated bridge systems to provide better navigation solutions to the ships are likely to propel the regional market growth in the near future.
Competitive Insight
Some of the major players operating in the global market include Alphatron Marine, Consilium Marine & Safety, Danelec Marine, Gem Elettronica, L3 Mapps, Mackay Communications, Marine Technologies, Northrop Grumman Corporation, Noris Group, OSI Maritime Systems, Praxis Automation Technology, Tokyo Keiki, Japan Radio, Furuno Electric, Kongsberg, and Raytheon Technologies.
Recent Developments
In September 2022, Kyndryl, the world’s largest IT infrastructure service provider, announced the launch of its new open integration platform named Kyndryl Bridge to provide businesses real time-insights and unprecedented control over customizing various mission-critical operations.
In June 2022, Broadcast Pix announced a new and developed integrated production software solution to cater to the rising demand and need from currents hybrid and multi-format work environments. These 22 inputs “GX Hybrid” is the most integrated software in the market with 6 assignable outputs, 2 TB of server storage & built-in streaming, and 8 different channels of clips & graphics.
Integrated Bridge Systems Market Report Scope
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Report Attributes |
Details |
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Market size value in 2022 |
USD 6.13 billion |
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Revenue forecast in 2030 |
USD 8.93 billion |
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CAGR |
4.8% from 2022 – 2030 |
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Base year |
2021 |
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Historical data |
2018 – 2020 |
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Forecast period |
2022 – 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
By Ship Type, By End-User, By Sub-system, By Component, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Alphatron Marine B.V., Consilium Marine & Safety Ab, Danelec Marine A/S, Gem Elettronica, L3 Mapps Inc., Mackay Communications Inc., Marine Technologies Inc., Northrop Grumman Corporation, Noris Group GmbH, OSI Maritime Systems, Praxis Automation Technology B.V., Tokyo Keiki Inc., Japan Radio Co. Ltd., Furuno Electric Co. Ltd., Kongsberg, and Raytheon Technologies Corporation. |
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