Global Integrated Bridge System Market Outlook to 2028 - Naval Vessels Will Play a Key Role in the Growth of the Market -

Jun 16, 2022 07:39 am

The "Global Integrated Bridge System Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to's offering.

The market is playing a vital role in development at the current stage and will expand in the future to continuous at a rate of about 4-5% from 2020-2028.

Hardware's portion has more market share compared to software. However, the software is also playing an important role in the development of the Global Integrated Bridge system market, which is used to monitor various types of applications.

Robust Demand for seaborne trade, maritime tourism

Tourism, fishing, and trade through the sea are increasing at a pace. It has been observed that 85% of trade is done through sea shipments, and 65-70% of the value of trade is also done through the sea. Therefore, the market is growing continuously due to the global growth in seaborne trade. Additionally, there is also a growth in maritime tourism of 3.4% annually over the next forecasted period of time in the shipping industry due to crude oil shipments, which is also a key driving factor for the growth of this market.

Naval Vessels Will Play a Key Role in the Growth of the Global Integrated Bridge System Market

The naval military section covers destroyers, which are used in wars for multitasking; aircraft holders, which can be used to land or take off jets; corvettes, which have the feature of weapons; and frigates, which work to protect submarines from naval ships. They are all making vital contributions to the growth of the globally integrated bridge system market. The rise in demand for new machinery and the up-gradation of carriers are creating high-value work in this market, which is why it is rising.

The other segment is for commercial vessels, which have bulk carriers for use in maritime trade and cruise ships for tourism purposes. This segment's growth is also rising in this market.

Rising Investments in Global Integrated Bridge Systems and Research to Benefit the North American Market

Due to the major manufacturers who are based in the North American region, this region holds a major share in the market and is dominant, followed by Europe and the Asia-Pacific. Another factor is the budget of the naval section, which is increasing time by time, which will play a key factor in the upcoming boost in this region.

On the other hand, the Asia-Pacific market is expected to grow significantly as a result of cruising, fishing, and trade ships in China.

China is one of the major exporter and trader of goods in the world; most of the export is on ships. Therefore China, with the collaboration of Japan and South Korea, is involved in building the ships. Due to maritime operations, gas and oil production and other exploration activities are boosting the European market.

Players to Focus on in the Expanding Applications in Global Integrated Bridge System Market

Many players are working in these capacities and are expanding their operations by using technological advancements. Although there is scope for new entrants into this market, the existing companies are contributing at their full capacity. such as Alphatron from the Netherlands, Hensoldt from the UK, L3 Mapps Inc. from Canada and Macky Communication from the USA region.

Alphatron Marine is a Dutch company that provides cutting-edge maritime technology. They are building a pioneering brand in the industry with their unique design, development, and engineering sections. Their motive is to change the future of ships and navigation.

Macky Communication is a North American-based company offering multiple services for ships, vessels, and yachts to maintain, repair, and install. They are specialized in safety, navigation, and communication, including but not limited to VHF, HF, and satellite communication.

This group has performed almost seventeen thousand global services each year. They are providing services all over the world for commercial and defense use of both of the systems. Therefore they are holding a major share in the Global Integrated Bridge System Market.

Company Profiles

  • Wartsila
  • Japan Radio Co. Ltd.
  • Kongsberg
  • Northrop Grumman Corporation
  • Raytheon Company
  • Furuno Electric Co. Ltd.
  • Marine Technologies, LLC
  • Tokyo Keiki Inc.
  • Praxis Automation Technology
  • Consilium AB

Scope of the Report

By End-User

  • OEM
  • Aftermarket

By Subsystem

  • Integrated Navigation System
  • Automatic Weather Observation System (AWOS)
  • Voyage Data Recorder
  • Automatic Identification System (AIS)

By Ship Type

  • Commercial
  • Defense

By Component

  • Hardware
  • Software

For more information about this report visit
Laura Wood, Senior Press Manager
[email protected]
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