Market Analysis
However, the lack of technological expertise in the implementation of IBS is expected to reduce the growth of the global market for integrated bridge systems in the coming years. Also, digitization in maritime makes ships vulnerable to cyber threats, which are anticipated to limit the demand for integrated bridge systems. However, it is projected that the substantial increase in the number of port cities in developing countries will provide significant growth opportunities for the integrated bridge systems market during the forecast period.
Get Free Sample Copy of “Integrated Bridge Systems Market” @ https://www.marketresearchfuture.com/sample_request/7509
Key Players
Some of the major players in the Integrated Bridge Systems Market are Kongsberg (Norway), Wärtsilä (Finland), Raytheon Company (US), Northrop Grumman Corporation (US), Furuno Electric Co. Ltd. (Japan), and Japan Radio Co. Ltd. (Japan).
Segmentation
Global Integrated Bridge Systems Market can be segmented on component, platform, module, and ship size.
Based on the component, the global integrated bridge systems market can be segmented into hardware and software.
The module-based Integrated Bridge Systems Market can be segmented into the radar system, the communication console, the electronic chart display, and information system (ECDIS), and others.
The integrated bridge systems market based on ship size has been segmented into small, medium, and large ships.
Regional Analysis
In terms of region, the global integrated bridge systems market can be divided into North America, Europe, the Asia Pacific, Middle East & Africa, and South America.
The market for integrated bridge systems is projected to register the highest CAGR in the Asia Pacific region over the forecast period. The shipbuilding industry in the Asia Pacific is on the rise, as one-third of the world’s container traffic flows through ports in China. According to the World Shipping Council, the top 10 busiest container ports are in Asia. As per UNCTAD, 64% of the world’s total container port volume came from Asia in 2019. The continued emphasis on high-tech adoption and support equipment manufacturing has led Chinese shipbuilders to dominate the global market in both commercial and naval shipbuilding. Major players in the region, such as China, South Korea, and Japan, are making advances in technological competence in order to increase the market share of the commercial maritime industry.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/integrated-bridge-systems-market-7509
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.