Integrated Bridge Systems (IBS) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Northrop Grumman Sperry Marine, Communications Mapps, Rolls Royce, FURUNO Electric Shokai

Registering a CAGR of 4.1% over the forecast period, the market value of Integrated Bridge Systems (IBS) is expected to reach US$ 8900 million in the year 2027.

Integrated Bridge Systems (IBS) Market Overview

An integrated bridge system (IBS) is used to improve naval ship safety and efficiency by connecting all marine ship systems to a common network. The IBS is defined as a technologically advanced system that is linked together to provide centralized access from workstations. IBS is a network and a computer processor combined. It manages data from the ship's navigation sensors and control system. It primarily provides seamless integration of all navigation functions, uniform information presentation, uniform operating principles, and user simplicity to avoid human errors.

The advancement of integrated bridge systems through the integration of open design architecture and the combination of navigational equipment aids in the provision of an efficient bridge design. The advantages of implementing an integrated bridge system include increased safety, convenience, efficiency, and flexibility in real-time monitoring.

The increase in global seaborne trade is expected to drive the market. Furthermore, global growth in maritime tourism is expected to drive the integrated bridge system market. The growing number of port cities in Asian countries presents a market opportunity. However, digitalization, which has resulted in cyber threats, is impeding growth. The increased demand for naval ships is also driving industry growth.

Who are the Major Players in the Integrated Bridge Systems (IBS) Market?

The global Integrated Bridge Systems (IBS) includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Northrop Grumman Sperry Marine, Communications Mapps, Rolls Royce, FURUNO Electric Shokai, NORIS Group GmbH, Raytheon Anschütz, Praxis Automation Technology, Consilium Marine & Safety, SAM Electronics, Kongsberg Maritime and others.

Industry News and Updates:

Raytheon Anschütz will supply steering systems for the Type 31e

In 2019, Raytheon Anschütz has been awarded a contract to supply warship integrated navigation and bridge systems (WINBS) to the Type 31e program. The Type 31e WINBS expands on the core Type 26 bridge system design, providing advanced navigational and tactical capabilities engineered within Raytheon Anschütz's open architecture framework.

What are the major Applications, Types, and Regions for the Integrated Bridge Systems (IBS) Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Small Ships


• Medium Ships


• Large Ships

By Application, it is segmented into

• Commercial Ships


• Naval Ships

Integrated Bridge Systems (IBS) Market Regional Analysis

Ship operators in Europe and North America are the most frequent users of integrated bridge systems in comparison to other regions. The expansion of ship transportation and growing import and export operations will generate revenue for operators and support the installation of an integrated bridge system. Integrated bridge system manufacturers are expected to look for contracts based on integrated bridge system installation during the forecast period, driving the globally integrated bridge system market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Integrated Bridge Systems (IBS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Integrated Bridge Systems (IBS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Integrated Bridge Systems (IBS) Market report scope?

Scope of the Report covers the Integrated Bridge Systems (IBS) Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Integrated Bridge Systems (IBS) Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Integrated Bridge Systems (IBS) Report

• Evaluate Integrated Bridge Systems (IBS) market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Integrated Bridge Systems (IBS) market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Integrated Bridge Systems (IBS) Market is studied from 2017 - 2027.

What is the growth rate of the Integrated Bridge Systems (IBS) Market?

The Integrated Bridge Systems (IBS) Market is growing at a CAGR of 4.1% over the next 5 years.

Who are the key players in Integrated Bridge Systems (IBS) Market?

Northrop Grumman Sperry Marine, Communications Mapps, Rolls Royce, FURUNO Electric Shokai, NORIS Group GmbH, Raytheon Anschütz, Praxis Automation Technology, Consilium Marine & Safety, SAM Electronics, Kongsberg Maritime

What regions does this Integrated Bridge Systems (IBS) Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Integrated Bridge Systems (IBS) Market?

Small Ships, Medium Ships, Large Ships

What are the major end-use applications of Integrated Bridge Systems (IBS) Market?

Commercial Ships, Naval Ships

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