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Integrated Bridge Systems Market by Ship Type, Sub System, Component, and End User : Global Opportunity Analysis and Industry Forecast, 2020–2027

NEW CASTLE, DELAWARE, UNITED STATES, October 20, 2023 /EINPresswire.com/ -- The global integrated bridge systems market is experiencing a significant growth due to demand for advance maritime navigation system. Integrated bridge system (IBS) is a combination of systems designed to allow centralized access to information from various nodes in the system through a workstation. Moreover, IBS relays information such as navigation, control & monitoring, and propulsion on interconnected grouped screens to ensure safe & efficient management of a ship. In addition, integrated bridge system collects information from a number of sensors on-board, subsystems, and navigational system of a ship. IBS allows real-time data monitoring for enhanced situational awareness and efficient decision-making.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/9546

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :
Integrated bridge system manufacturers are facing operational issues & lac of workforce due to government-imposed lockdown to slow the spread of COVID-19.
Ship builders are forced to shutdown production operations due to government-imposed lockdown in the wake of COVID-19.
International travel bans imposed by authorities to control the COVID-19 outbreak have adversely affected the maritime trade & tourism activity.
Integrated bridge system manufacturers are unable to procure production related equipment as well as raw materials due to supply chain disruption caused by the restrictions on transportation by government in the wake of COVID-19 pandemic.

𝐓𝐨𝐩 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬: 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐝𝐫𝐢𝐯𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐢𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Surge in seaborne trade & marine tourism, increase in demand for optimized navigation system, and rise in adoption of wireless sensors are some of the factors that drive the global integrated bridge systems market. However, vulnerability of digital systems to cyber-attacks hinder the market growth. On the contrary, increase in maritime safety norms, development of maritime economic corridors for import & export, and advancement in military-based IBS for coastal protection present new pathways in the industry.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐛𝐫𝐢𝐝𝐠𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬 𝐚𝐫𝐞 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:
𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐬𝐞𝐚𝐛𝐨𝐫𝐧𝐞 𝐭𝐫𝐚𝐝𝐞 & 𝐦𝐚𝐫𝐢𝐧𝐞 𝐭𝐨𝐮𝐫𝐢𝐬𝐦
According to UN Conference on Trade & Development (UNCTAD), 2019 international maritime trade will at an average rate of 3.5 % annually for next five years. Increasing trade volume will create demand for new ships such as cargo, oil & gas tanker, and bilk carriers. In addition, research vessels such as RV Belgica (a state-of-art oceanographic research vessel) utilizes advanced integrated bridge system to help operate in extreme weather conditions. Such extensive use of integrated bridge system in marine trade & tourism as well as ocean search is expected to boost the global integrated bridge system market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/integrated-bridge-systems-market/purchase-options

𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐨𝐩𝐭𝐢𝐦𝐢𝐳𝐞𝐝 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦
Modern ships require real-time bridge navigation tracking and display of ship control on integrated bride system. Recently, in 2020, Northrop Grumman received an order worth 27.4 million USD by US Navy to build integrated bridge & navigation system (IBNS) for Arleigh Burke DDG-51 (a class of guided missile destroyer). IBNS will include sub-systems such as voyage management system (VMS), automated radar plotting aid (ARPA), and ship control system (SCS) to enhance bridge watch efficiency & ship control safety. Such investment in optimized navigation systems will drive the global integrated bridge systems market.

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
• This study presents the analytical depiction of the global integrated bridge systems industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global integrated bridge systems market share.
• The current market is quantitatively analyzed to highlight the global integrated bridge systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global integrated bridge systems market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/9546

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐛𝐫𝐢𝐝𝐠𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:
• Which are the leading market players active in the integrated bridge systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
• Wartsila
• Marine Technologies LLC
• LARSEN & TOUBRO LIMITED
• Northrop Grumman Sperry Marine B.V.
• Rolls Royce Holdings plc
• Raytheon Anschutz GmbH
• Kongsberg Maritime
• Furuno Electric Co. Ltd
• Japan Radio Co. Ltd.
• ORIS Group Gmb

David Correa
Allied Market Research
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