Global Integrated Bridge Systems Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID-19 pandemic impact on Global Integrated Bridge Systems Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Integrated Bridge Systems Market Dynamics:
The Integrated Bridge System (IBS) is a series of linked and closely grouped screens and modules that allow centralised access to navigation, propulsion, and monitoring and control information. The aim of integrated bridge system is to enhance the safe and efficient management of the ship by a skilled operator. Integrated bridge system is a mix of systems that are connected to allow for unified control of a variety of navigation resources. This software helps in the managing of the raw materials for the prevention of products from getting destroyed. Deployment of integrated bridge system is to assist smart route planners, track control systems, and automated route maintenance. Several maritime companies around the globe are introducing integrated bridge structures to enhance protection and ease maritime operations. Furthermore, Growth in the adoption of wireless sensors in ships, yachts, aircraft, containers and cruise ships will help the growth of the integrated bridge system industry.
The demand for integrated bridge system is driven by the cost reduction of wireless sensors due to huge competition between manufacturers. The integrated bridge structure offers significant advantages for navigators, ship owners and ship builders. One of the challenges faced by the retailers is to ensure product availability across all channels while maintaining optimum inventory levels. The unavailability of the product impacts badly to the company’s image as well as indicates poor management. Investment by manufacturers of an integrated bridge system for innovations in the development of a new model, smart route planning and custom integration with other systems is pushing the integrated bridge system to market growth.
Global Integrated Bridge Systems Market is segmented by Subsystem, by Ship Type, end-users, Offering, and by region. By End-User, OEM segment is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the multiple solutions featuring in one single system. For instance, Retail Pro International offers intuitive and tailorable POS, robust pricing & promotions, customer & employee management, store operations, replenishment & inventory management in the OEM End-User of solution for mobile, laptop, and desktop devices. By Ship Type, Defense held the highest market share in 2019 attributing by the proliferation of digital customer receipts, retail analytics, and supplier data exchange on the cloud storage via server. Moreover, it can be accessed remotely from anywhere. For instance, SAP enlisted to sign more than 12,000 customers by end of 2019 with 40% of the latest additions just because of the Defense Ship Type. By end-user, e-commerce & specialty segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Due to covid-19 impact, the customers have drastically shifted from offline to online shopping. This has led to the rising demand of the Integrated Bridge Systems in the world. By organization size, large organization segment held the largest market share due to the large investments on requirements on the Integrated Bridge Systems.
By geography, global Integrated Bridge Systems market is segmented into North America, APAC, Europe, ME & Africa, and South America. Among these, North America held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major market players in this region. The service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of digitization in countries such as India, China, Korea, etc.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Integrated Bridge Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Integrated Bridge Systems Market dynamics, structure by analysing the market segments and project Global Integrated Bridge Systems Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Integrated Bridge Systems Market the report investor’s guide.
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Global Integrated Bridge Systems Market, by End-User
Global Integrated Bridge Systems Market, by Ship Type
Global Integrated Bridge Systems Market, by Subsystem
• Integrated Navigation System
• Voyage Data Recorder
• Automatic Weather Observation System
• Automatic Identification System
Global Integrated Bridge Systems Market, by Offering
Global Integrated Bridge Systems Market, by Region
• North America
• MEA& Africa
• South Africa
Global Integrated Bridge Systems Market Major Players
• Marine Technologies, LLC
• The Raytheon Company
• Admarel BV
• Consilium AB
• Furuno Electric Shokai Ltd
• Kongsberg Gruppen ASA
• Northrop Grumman Sperry Marine
• Praxis Automation Technology
• Rolls Royce
• L3 Communications MAPPS Inc
• Tokyo Keiki Inc
• Wartsila Valmarine
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