According to a new market report published by Lucintel, the future of the integrated bridge system market looks promising with opportunities in the infrastructure industry. The global integrated bridge system market is expected to grow with a CAGR of 4% from 2020 to 2025. The major driver for this market is rising seaborne trade and growth in maritime tourism globally.
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Integrated bridge systems are combination of systems which are interconnected in order to allow centralized access to sensor information or command/control from workstations, with the aim of increasing safe and efficient ship's management by suitably qualified personnel. In this market, hardware and software are the major components of integrated bridge system. Lucintel forecasts that software will remain the largest segment over the forecast period as it is used for analytics and monitoring applications and individual components of the bridge system are integrated with the help of software applications, which provide an interface for display of information.
Within this market, commercial will remain the largest segment by ship type over the forecast period due to an increase in the number of passengers resorting to marine transportation and a rise in demand for recreational boats.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the presence of shipbuilding industry in Asia Pacific and the key players in the region, such as South Korea, China, and Japan, are making advances in terms of technological competencies so as to capture a greater market share of the commercial maritime industry.
Kongsberg, Wärtsilä, Northrop Grumman, Raytheon Company, Furuno Electric, and Japan Radio are among the major suppliers in the global integrated bridge systems market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global integrated bridge systems market by end user, ship type, component, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Integrated Bridge Systems Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global integrated bridge systems market by component, ship type, end user, and region as follows:
By Component [Value ($ Million) shipment analysis for 2014 – 2025]:
By Ship Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Frigates
Corvettes
OPVs (Off Shore Patrol Vessel)
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
OEM (Original Equipment Manufacturer)
Aftermarket
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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