Integrated Bridge System Market Size, Share and Industry Analysis, By Vessel Type (Commercial Vessel: Bulk Carriers, Cruise Ships, Dry Cargo, Gas Tankers, Ro-Ro Ships, Dredgers, and others), and Defense Vessel: Aircraft Carriers, Amphibious Ships, Destroyers, Frigates, Corvettes Among and Others) By Component (Hardware, and Software), By Subsystem (INS, VDR, AWOS, and AIS), By End User (OEM, and Aftermarket), and Regional Forecast, 2019-2026

The global integrated bridge system market Size was valued at USD 7.20 billion in 2018 and is projected to reach USD 9.43 billion by 2026, exhibiting a CAGR of 3.93% during the forecast period.

An integrated bridge system (IBS) is used to increase the safety and efficiency of naval ships by connecting all the marine ship systems into the common network. The IBS is defined as a combination of a technologically advanced system that is interconnected to allow centralized access from workstations. IBS is a combination of a computer processor and a network. It controls information from the ship’s navigation sensors, and control system. It mainly provides seamless integration of all navigation functions, uniform presentation of information, uniform principles of operation, and user simplicity to avoid human errors.

The factor expected to drive the market is the rise in world seaborne trade. Moreover, growth in maritime tourism across the globe is anticipated to boost the integrated bridge system market growth. The rising number of port cities in Asian countries is an opportunity for the market. However, digitalization leading to cyber threats is hampering growth. The upsurge in naval ship demand is also a factor behind the industry growth. For instance, in May 2019, OSI Maritime Systems signed a contract with Lockheed Martin Corporation to develop the Integrated Bridge and Navigation System for the Royal Canadian Navy under the Canadian Surface Combatant program.

LATEST TRENDS

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Rising Adoption of Cascade Adaptive Bridge System Technology Refuels the Market Growth

Cascade adaptive bridge is a new methodology in which information is shared and displayed on a naval ship’s bridge. It is a combination of touch screen display and shared display, which helps operators to monitor all operations on the vessels, thereby driving the integrated bridge system market trends. A touch screen and shared display are projected to aid communication on the bridge. The shared display provides functionality to show graphically annotated maps as well as leave notes for crew members and complete checklists electronically. Increasing the adoption of digital technology in the naval industry is helping to propel the growth of the market.

DRIVING FACTORS 

Technological Advancement Such as Robotic Ship Maintenance System from the Naval Users to Aid Growth

New technologies in integrated bridge systems such as robotic bridge maintenance systems provide safe and efficient maritime operations. This technology has been used for construction applications in the naval industry over the past few decades. The robotic maintenance has four main capabilities - remote inspection, spray washing, paint removal, and painting. Automated robotic systems were initially developed to reduce labor requirements, construction time,  maintenance costs, and improve work efficiency. Increasing demand for robotics technology in naval maintenance work is fueling IBS market growth.

 Rising World Seaborne Trade to Help the Market Gain Momentum

The UN Conference on Trade and Development (UNCTAD) is expecting an annual growth rate of 3.4% over the next five years for maritime trade. This growth is attributed to the increasing trade of crude oil shipments from the Atlantic basin to Asia-Pacific. Increasing trade volume across the globe, increasing demand for IBS-enabled naval ships such as dredgers, bulk carriers, and oil & gas tankers are propelling this market demand. Growing intra-Asian trade activities from China, as well as an increase in merchandise trade in Europe, are projected to boost the market.

RESTRAINING FACTORS

High Development Cost of Integrated Bridge Systems to Restrict the Market Growth

High development cost associated with building an integrated bridge system is a prime factor hampering market growth. The systems and components consist of a highly expensive Doppler SONAR system, sensor systems, navigation system, communication systems, and a radar system. Failure in the navigation system components and radar system components is accountable for replacing the conventional system. Furthermore, there are several chances of integrated bridge system failures in marine vessels that may lead to an increase in the cost of maintenance of the system. Thus, high maintenance costs and cost of installation are acting as a restrain to this market growth.

SEGMENTATION

By Vessel Type Analysis

Increasing Demand for Naval Vessels to Aid IBS Market Growth

Based on vessel type, the market is classified into a commercial vessel and defense vessel. The commercial segment consists of bulk carriers, cruise ships, dry cargo, gas tankers, Ro-Ro ships, and dredgers. The bulk carriers are used for maritime trade, and the cruise ships are used in maritime tourism. Increasing international seaborne trade is fueling the demand for dry cargo ships, which are equipped with integrated bridge systems. Rising exploration of offshore resources and increasing construction activities have increased the demand for the dredgers and gas tankers.

The defense vessel segment includes aircraft carriers, amphibious ships, destroyers, frigates, and corvettes. Aircraft carriers have a long flat deck on which aircraft can easily take off and land. Amphibious ships are warfare ships used to give support to ground-based troops in terms of ammunition, transport, refueling of military vehicles, and to protect the troops and military vehicles from enemy aircraft as well as surface vessels. Destroyers are multitasking naval warships. They have high firepower and high endurance. Frigates are used to protect the naval ship from hostile submarines. A Corvette is a technologically advanced small warship, which has a weapon launch system. Upgradation of aircraft carriers and the rise in demand for amphibious ships are increasing the demand for integrated bridge systems.

By Component Analysis

Increasing Use of IBS in the Naval Vessels to Support the Growth of the Market

Based on components, the market of integrated bridge system segments includes hardware and software. The hardware segment consists of displays, control units, data storage devices, sensors, alarms, and others. This segment is predicted to hold the largest market share during the forecast period. Its growth is attributed to the increasing requirement of IBS on commercial vessels as well as defense vessels. The software segment consists of Synapsis NX, K Bridge Sensor Integrator (SINT), Visionmaster FT, Napa Logbook, and Navi-Planner 4000 software. The software segment is projected to register significant growth during the forecast period. This growth is attributed to the rise in demand for software applications for naval ships from shipbuilders.

By Subsystem Analysis

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Use of VDR for Improving the Safety of Naval Ships to Propel the Market

By subsystem, the market is classified into an integrated navigation system (INS), voyage data recorder (VDR), automatic weather observation system (AWOS), and automatic identification system (AIS). The INS system consists of navigation radar, gyro, echo sounder, electronic chart display and information system (ECDIS), a differential global positioning system (DGPS), bridge communication console, autopilot, transmitting magnetic compass, and bridge navigation watch and alarm system (BNWAS). This segment is predicted to have the largest IBS market share during the forecast period. This growth is attributed to the increasing focus on the deployment of the INS system in the naval ships for navigation purposes.

The VDR segment is projected to register the fastest growth during the forecast period. This growth is attributed to the increasing use of  VDR systems in naval vessels. This system helps in improving the safety of naval ships during maritime operations. Automatic weather stations are being installed on marine ships to enhance meteorological observations in oceans. The AIS is an automatic tracking system, which uses transponders on naval ships. AIS used in the naval vessel traffic services, therefore rising demand for AIS in commercial and passenger ships to handle the maritime traffic is propelling this market.

By End User Analysis

Growing Commercial Naval Vessel Deliveries to Support the Growth of the OEM Segment

The market by end user, it is segmented into OEM and aftermarket. The OEM segment is expected to register the fastest growth during the forecast period. This growth is attributed to the increasing demand for naval ships equipped with advanced integrated bridge systems. The aftermarket segment consists of maintenance of IBS components. The aftermarket segment is projected to register the largest market share during the forecast period. This growth is attributed to the increased up-gradation of the commercial naval vessels for enhanced passenger safety.

REGIONAL ANALYSIS

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The IBS market has been segmented into North America, Europe, Asia-Pacific, the Middle East, and the Rest of the World. North America is estimated to dominate the market for an integrated bridge system, followed by Europe and Asia-Pacific. North America region is anticipated to hold significant share, as most of the integrated bridge system developers are based in the region. This growth is attributed to the increasing defense budget for the navy, which is increasing the demand for these systems in the U.S. Furthermore, rising exports and economic development in Canada is projected to boost the market.

Asia-Pacific is expected to be the largest region during the forecast period, according to the integrated bridge system market forecast. This growth is attributed to increasing cruising and fishing activities and rising demand for merchant ships in China. Increasing shipbuilding activities in South Korea are expected to fuel the market. According to the United Nations Conference on Trade and Development (UNCTAD) report, in 2018, China, Japan, and South Korea accounted for  90% of shipbuilding activity throughout the global ship production.

In Europe, rising in oil & gas production and exploration activities and an increase in maritime-related operations are projected to boost the market. In the U.K., growth in its defense shipbuilding industry is expected to propel the market. The Middle East also registers significant growth during the forecast period. This growth is attributable to the increasing number of deliveries of naval ships in the UAE. Rest of the world registers a remarkable growth during the forecast period. This growth is owing to the expanding cruise and fishing industries in Latin America and Middle East & Africa.

KEY INDUSTRY PLAYERS

Development of Innovative Technology by the Key Market Players Such as Waertsila and OIS to  Propel Market Growth

E-Navigation, 3D Printing, 3D Sonar, 5G Connectivity, and mobile navigation applications are the upcoming trends in this market. A diversified product portfolio coupled with research & development activity is the prominent factor responsible for the dominance of these key market players.

Wartsila offers a propulsion control system, which is an advanced comprehensive system of control devices & displays, modules, and indicators. This system is designed to suit all possible propulsion configurations for technologically advanced naval ships and marine vessels.

LIST OF KEY COMPANIES PROFILED:

• Alphatron Marine B.V.  (Netherland)


• Consilium Marine & Safety Ab  (Sweden)


• Danelec Marine A/S (Denmark)


• Furuno Electric Co. LTD. ( Japan)


• DSME Co., Ltd. (South Korea)


• Gem Elettronica (Italy)


• Hensoldt UK ( The U.K)


• L3 Mapps Inc. ( Canada)


• Japan Radio Co., LTD. (Japan)


• Kongsberg ( Norway)


• Mackay Communications, Inc. (The U.S)


• Marine Technologies LLC ( Norway)


• Naudeq ( France)


• Noris Group GmbH (Germany)


• Northrop Grumman Corporation ( The U.S.)


• OSI Maritime Systems (Canada)


• Praxis Automation Technology B.V. ( Netherland)


• Prime Mover Controls Inc. ( Canada)


• The Raytheon Company (The U.S.)


• Tokyo Keiki Inc. (Japan)


• Wärtsilä Oyj Abp. (Finland)

KEY INDUSTRY DEVELOPMENTS:

• September 2019 - Norwegian marine engineering specialist Kongsberg and Damen Shipyards signed a contract to provide a fully integrated Kongsberg maritime solution to the SeaDream Yacht Club cruise line. It provides comprehensive electrical, navigation, and hybrid technology package.


• September 2019- Raytheon Anschütz and the U.K. Royal Navy signed a contract to deliver Warship Integrated Navigation and Bridge Systems for UK Royal Navy’s Type 31e Frigates.

REPORT COVERAGE

This integrated bridge system market report offers qualitative and quantitative insights and offer a detailed analysis of the market size & growth rate for all possible segments. Along with this, the IBS market report provides an elaborative analysis of dynamics, emerging trends, and the competitive landscape.

An Infographic Representation of Integrated Bridge Systems Market

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Key insights offered in the report are the adoption trends of integrated bridge system by individual segments, recent industry developments such as mergers & acquisitions, partnerships, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.

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