Global Integrated Bridge Systems (IBS) Market by Type (Small Ships, Medium Ships, Large Ships), By Application (Commercial Ships, Naval Ships) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global integrated bridge systems (IBS) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for IBS in commercial and naval ships. Additionally, the increase in maritime trade is also contributing to the growth of the IBS market. The global integrated bridge systems (IBS) market can be segmented by type, application, and region. By type, the market can be divided into small ships, medium ships, and large ships. By application, the market can be classified into commercial vessels and naval vessels. The regional segmentation includes North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Some of the key players operating in this industry are Kongsberg Gruppen ASA (Norway), Furuno Electric Co., Ltd.(Japan), Navico Holding AS(US), Teledyne Technologies Incorporated(US), Transas Marine Ltd.(Ireland), Raytheon Company(US).



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Product Definition:

An integrated bridge system (IBS) is a computer-based system that integrates all the features of the ship's bridge into one cohesive unit. The importance of IBS lies in its ability to improve situational awareness and safety by integrating all the various systems on the bridge into one central console. This allows for a single operator to monitor all aspects of vessel operations, improving both efficiency and safety.

Small Ships:

Small ships are vessels with a dead load capacity of up to 1,000 tons. They can be used for transportation of goods and passengers in coastal and inland waterways. The global small ship market size was valued at USD 23 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2027. Increasing trade activities between countries across the globe is one of the key factors driving growth.

Medium Ships:

The global medium ships and it's usage in integrated bridge systems (IBS) market size was valued at USD 2.5 billion in 2016. The increasing demand for the efficient transportation of goods is expected to drive the industry growth over the forecast period.

The rising need for container traffic management is also anticipated to fuel industry expansion as medium-sized vessels are widely used for this purpose.

Application Insights:

The commercial ships segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. The growing demand for IBS in cruise liners, ferries, coastal freighters and other cargo ships is expected to drive the global market over the next eight years.

The naval ships application segment was valued at USD 1.5 billion in 2016 owing to increasing defense investments by countries such as China and India along with U.S.

Regional Analysis:

Europe dominated the global market in terms of revenue share in 2016 at over 35.0%. The growth is attributed to the rising demand for marine transportation and favorable government initiatives. For instance, ‘2020: Green Fleet’ initiative by EU has set a target to reduce carbon emissions by 20% from 1990 levels.

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing maritime transport activities coupled with growing trade between Asia Pacific countries such as China, Japan, India, Thailand among others.

Growth Factors:

Increasing demand for advanced safety features in automobiles: The global IBS market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for advanced safety features in automobiles, such as collision avoidance systems and adaptive cruise control systems.
Rising demand for lightweight vehicles: With the growing focus on fuel efficiency and reducing emissions, there is an increasing demand for lightweight vehicles. This is expected to drive the growth of the IBS market during the forecast period.
Growing popularity of electric and hybrid vehicles: The popularity of electric and hybrid vehicles is rising rapidly due to their superior performance as well as low emissions levels. This is expected to boost the growth of the IBS market in coming years.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Integrated Bridge Systems (IBS) Market Research Report
By Type
Small Ships, Medium Ships, Large Ships
By Application
Commercial Ships, Naval Ships
By Companies
Northrop Grumman Sperry Marine, Rolls Royce, Raytheon Anschütz, FURUNO Electric Shokai, NORIS Group GmbH, Consilium Marine & Safety, Kongsberg Maritime, Praxis Automation Technology, SAM Electronics, Communications Mapps
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.

Global Integrated Bridge Systems (IBS) Market Report Segments:
The global Integrated Bridge Systems (IBS) market is segmented on the basis of:
Types
Small Ships, Medium Ships, Large Ships
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Ships, Naval Ships
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Northrop Grumman Sperry Marine
Rolls Royce
Raytheon Anschütz
FURUNO Electric Shokai
NORIS Group GmbH
Consilium Marine & Safety
Kongsberg Maritime
Praxis Automation Technology
SAM Electronics
Communications Mapps



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Highlights of The Integrated Bridge Systems (IBS) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Small Ships
Medium Ships
Large Ships
By Application:
Commercial Ships
Naval Ships
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Integrated Bridge Systems (IBS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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