Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Integrated Bridge Systems Market Growing at the Fastest Rate in APAC and North America Region by 2025

    (I-BusinessNews.Com, September 15, 2021 ) According to the latest market research report "Integrated Bridge Systems Market by End User (OEM, Aftermarket), Ship Type (Commercial: Bulk Carriers, Dredgers, Defense: Frigates, Corvettes, OPVs), Subsystem (INS, VDR, AWOS, AIS), Component (Hardware, Software), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Integrated Bridge Systems Market is estimated to be USD 7.0 billion in 2019 and is projected to reach USD 8.8 billion by 2025, at a CAGR of 3.9% from 2019 to 2025. The market's growth can be attributed to the rise in seaborne trade and growth in maritime tourism.

    Download PDF Brochure @

    "Commercial segment projected to register higher CAGR than defense segment from 2019 to 2025"

    Based on ship type, the integrated bridge systems market has been segmented into commercial and defense. The commercial segment is projected to grow at a higher CAGR during the forecast period owing to growth in seaborne trade, leading to an increase in demand for integrated bridge systems in commercial ships. Among the commercial ship types, the dredgers segment is estimated to witness the highest CAGR over the forecast period. There is an increasing demand for dredgers in the marine industry as they serve in excavation and scraping of the sea bed to ensure safer voyages.

    "OEM segment projected to register higher CAGR than aftermarket segment during forecast period"

    By end user, the OEM segment of the integrated bridge system is expected to register higher growth than the aftermarket segment, owing to as increase in demand for advanced IBS equipped with sensor fusion solutions by ship owners, due to which the manufacturers of IBS are focusing on providing a complete IBS as a package as per new navigation and safety regulations. A few of the prominent players in the integrated bridge systems market include Kongsberg, Northrop Grumman Corporation, Wartsila, and Raytheon Company.

    Browse in-depth TOC on "Integrated Bridge Systems Market"

    139 – Tables

    40 – Figures

    180 – Pages

    "Asia Pacific integrated bridge systems market projected to grow at highest CAGR from 2019 to 2025"

    The integrated bridge systems market is projected to register the highest CAGR in the Asia Pacific region during the forecast period. The shipbuilding industry in Asia Pacific is on the rise, because one-third of the global container traffic flows through ports in China. According to the World Shipping Council, the first 10 busiest container ports are in Asia. As per UNCTAD, in 2018, 64% of the total world container port volume was from Asia. Continues focus on high technology adoption and support equipment manufacturing has led the Chinese shipbuilders to dominate the world market in both commercial and naval shipbuilding segments globally. The key players in the region, such as China, South Korea, and Japan, are making advances in terms of technical competency so as to capture a greater market share of the commercial maritime

    Key Market Players

    Some of the key players profiled in the integrated bridge systems market report include Kongsberg (Norway), Wärtsilä (Finland), Northrop Grumman Corporation (US), Raytheon Company (US), Furuno Electric Co. Ltd. (Japan), and Japan Radio Co. Ltd. (Japan).

    Ask for Sample Report @

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Aashish Mehra


    Source: EmailWire.Com


    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC