The Business Research Company’s Integrated Bridge System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Integrated Bridge System Global Market Report 2023 evaluates integrated bridge system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global integrated bridge system market size is expected to grow from $7.00 billion in 2022 to $7.42 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global integrated bridge system is expected to grow to $9.06 billion in 2027 at a CAGR of 5.1%.
Rising world seaborne trade is anticipated to drive the integrated bridge system market. The seaborne trade refers to the balance that determines the difference between the volumes of loaded and discharged goods. IBS enables the acquisition and management of sensor data for numerous tasks, including passage execution, communication, machinery control, safety and security, and aiding in maritime commerce. For instance, in 2021, according to the UN Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental institution created to advance developing countries’ interests in international commerce, maritime trade is anticipated to grow at an annual rate of 3.4% over the next five years. Therefore, the rising world seaborne trade is driving the growth of the integrated bridge system market.
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The integrated bridge system market segments in the report are:
1) By Component: Hardware, Software
2) By Ship Type: Commercial, Defense
3) By Subsystem: Integrated Navigation System, Voyage Data Recorder, Automatic Weather Observation System, Automatic Identification System, Other Subsystems
4) By Application: Vessels, Megayachts, Tankers, Container Ships, Cruise Ships, Naval Surface Ships
5) By End-User: OEM, Aftermarket
The table of contents in TBRC’s integrated bridge system market report includes:
1. Executive Summary
2. Integrated Bridge System Market Characteristics
3. Integrated Bridge System Market Trends And Strategies
4. Integrated Bridge System Market – Macro Economic Scenario
5. Integrated Bridge System Market Segmentation
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26. Africa Integrated Bridge System Market
27. Integrated Bridge System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Integrated Bridge System Market
29. Integrated Bridge System Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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