The global integrated bridge systems market was worth USD 7.77 billion in 2024 and is predicted to reach USD 9.41 billion by 2029, growing at a CAGR of 3.9% during the forecast period. The growth of this market can be attributed to the increase in maritime trade and the hike in maritime tourism globally.
An Integrated Bridge System (IBS) is a series of tightly grouped and connected displays and modules that provide centralized access to navigation, propulsion, surveillance, and control information. IBS aims to improve the safe and efficient vessel management by the skilled operator. It combines connected systems to allow a centralized monitoring of various navigation tools. IBS will enable operators to control sensor information for several operations, such as pass execution, machine control, communication, and safety. Integrating bridge systems helps operators intelligently plan routes, track control systems, and perform automatic route maintenance. An integrated gangway system improves operational efficiency for all navigation requirements. The IBS system extensively uses features such as flexibility, modularity, scalability, open architecture, and standard interfaces.
In addition, increasing digitization leads to a marked increase in maritime tourism, further fueling the demand for optimized navigation systems. This, in turn, stimulates the growth of integrated bridge systems. In addition, a key factor estimated to drive the development of the integrated bridge systems market during the forecast period includes increased compliance with maritime safety regulations.
Nonetheless, the dramatically growing number of port cities in developing countries is estimated to provide significant growth opportunities for the Integrated Bridge Systems market during the outlook period.
However, the lack of technical skills regarding IBS implementation is foreseen to limit the growth of the global market for integrated bridge systems in the coming years. Furthermore, digitization in the maritime sector makes ships vulnerable to cyber threats, which is expected to restrict the market for integrated bridge systems.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
3.9% |
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Segments Covered |
Based on Component, Platform, Vessel Size, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Kongsberg (Norway), Wärtsilä (Finland), Northrop Grumman Corporation (USA), Raytheon Company (USA), Furuno Electric Co. Ltd. (Japan), and Japan Radio Co. Ltd. (Japan). |
Of these, the hardware segment held a substantial share in the review period, while the software segment is touted to expand with the highest growth rate in the future.
An Integrated Bridge System (IBS) combines hardware and software that uses interconnected controls and displays to provide the mariner with a complete set of navigation data. The software segment is expected to experience a higher CAGR than the hardware segment during the forecast period. Software plays a vital role in this market, and its demand for analysis and monitoring applications is increasing. The individual components of the bridge system are integrated using software applications, which provide an interface to display information. However, it is estimated that the hardware segment held the largest market share.
The commercial segment is likely to dominate the market during the outlook period. An increase in the number of passengers using marine transportation and a surge in demand for pleasure craft will drive the growth of the commercial segment of the integrated bridge systems market globally.
North America is expected to dominate the market for integrated bridge systems, as the region is very receptive to adopting the latest technologies.
Asia-Pacific is anticipated to lead the integrated bridge systems market during the envisioned period. The shipbuilding industry in Asia-Pacific is booming, and significant regional players, such as South Korea, China, and Japan, are advancing technology skills to capture a more substantial market share. According to the World Shipping Council, Asia has the ten most active container ports. According to UNCTAD, in 2019, 64% of the world's container ports total volume came from Asia, supporting the demand in the IBS market.
Some of the major players in the global integrated bridge systems market are Kongsberg (Norway), Wärtsilä (Finland), Northrop Grumman Corporation (USA), Raytheon Company (USA), Furuno Electric Co. Ltd. (Japan), and Japan Radio Co. Ltd. (Japan).
By Component
By Platform
By Vessel Size
By Region
Frequently Asked Questions
The key drivers include increasing demand for efficient and safe navigation systems, technological advancements in marine electronics, growth in global seaborne trade, and stringent maritime safety regulations.
IBS is primarily used in commercial ships, defense vessels, and offshore support vessels. They enhance navigational safety, vessel management, and operational efficiency.
Technological advancements such as the integration of AI and machine learning, improved sensor technologies, and enhanced connectivity are driving the development of more sophisticated and efficient IBS, thereby expanding market opportunities.
Future trends include the increasing adoption of autonomous ships, greater emphasis on cybersecurity, enhanced human-machine interfaces, and the integration of big data analytics for predictive maintenance and operational efficiency.
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