According to the latest research by SkyQuest Technology, global integrated bridge systems market was valued at USD 7.55 Billion in 2021, and it is expected to reach USD 10.21 Billion by 2028, with a CAGR of 4.4% during the forecast period of 2022–2028. The research provides up-to-date analysis of Integrated Bridge Systems on the current market landscape, latest trends, drivers, and overall market environment.
Global integrated bridge systems market is also expected to rise as maritime tourism expands globally. The market has a chance because of the increase in port cities in Asian nations. Growth is, however, being hampered by cyber dangers brought on by digitization. Another reason for the industry\'s expansion is the increase in demand for naval ships. For instance, in May 2019, OSI Maritime Systems and Lockheed Martin Corporation agreed to collaborate on the development of the Integrated Bridge and Navigation System for the Canadian Surface Combatant programme, which would be used by the Royal Canadian Navy.
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Read market research report, "Global Integrated Bridge Systems Market By Vessel (commercial vessel and defense vessel), By Component (hardware and software), By Subsystem (integrated navigation system (INS), voyage data recorder (VDR), automatic weather observation system (AWOS), and automatic identification system (AIS)), By End-User (OEM and aftermarket) & By Region (North America, Europe, Asia-Pacific, South America, and MEA)—Forecast and Analysis for 2022–2028” by SkyQuest
Fishing, tourism, and maritime trade are all growing quickly across the global integrated bridge systems market. According to observations, 65–70% of the value of trade is carried out through the sea, and 85% of shipments are made by sea. As a result, the integrated bridge systems market is expanding steadily in international seaborne trade. In addition, the shipping industry is expected to have an increase in maritime tourism of 3.4% yearly during the subsequent length of time, which is also expected to be a major component in the expansion of this market.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Integrated Bridge Systems Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
- Drivers: Technological progress such as the naval users\' robotic ship maintenance system and rising global seaborne trade
- Restraint: High development costs involved in constructing an integrated bridge system
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What does this Report Deliver?
- Market Estimation for 20+ Countries
- Integrated Bridge Systems Market demand by Region, Sub-Region, and Country
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global, Regional and Country specific Integrated Bridge Systems Market Trends
- Comprehensive Mapping of Integrated Bridge Systems Industry Parameters
- Attractive Investment Proposition in the Global Integrated Bridge Systems Industry
- Competitive Strategies Adopted by Integrated Bridge Systems Market Key Players
- Drivers, Restraints, Opportunities, Challenges and the impact on the Integrated Bridge Systems Market Size
- Market growth rate till 2028
Key Players in the Global Integrated Bridge Systems Market
- Japan Radio Co., LTD. (Japan)
- Kongsberg (Norway)
- Mackay Communications, Inc. (U.S)
- Naudeq (France)
- Noris Group GmbH (Germany)
- Northrop Grumman Corporation (U.S.)
- OSI Maritime Systems (Canada)
- Praxis Automation Technology B.V. (Netherlands)
- Prime Mover Controls Inc. (Canada)
- Alphatron Marine B.V. (Netherland)
- Tokyo Keiki Inc. (Japan)
- Wärtsilä Oyj Abp. (Finland)
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