Integrated Bridge Systems Market Trends and Analysis

The integrated bridge systems market is estimated to be valued at USD 5.08 Billion in 2016 and is projected to reach USD 5.60 Billion by 2021, at a CAGR of 1.97% during the forecast period. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

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The key players profiled in the integrated bridge systems market report include, Northrop Grumman Sperry Marine (U.K.), Raytheon Anschutz (Germany), FURUNO Electric Shokai Ltd. (Japan), Transas (Ireland), and L-3 Communications Mapps Inc. (Canada), among others.

Objectives of the Study:

The objectives of this study are, to analyze the integrated bridge systems market, along with statistics from 2016 to 2021, as well as to define, describe, and forecast the integrated bridge systems market on the basis of platform (commercial ships and naval warships), size (small ships, medium ships, and large ships), and components (small ship integrated bridge system components, medium ship integrated bridge system components, large ship integrated bridge system components). These segments and subsegments are mapped across major regions, namely, Asia–Pacific, North America, Europe, and the rest of the world.

The report provides in-depth market intelligence regarding the market dynamics and major factors influencing the growth of the integrated bridge systems market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the integrated bridge systems market.

The report also covers competitive developments such as, long-term contracts, joint ventures, mergers, new product launches and developments, and research & development activities in the integrated bridge systems market, in addition to business and corporate strategies adopted by the key market players.

The integrated bridge systems market is divided into four geographic areas namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).  The integrated bridge systems market is led by the Asia-Pacific region, predominantly by China. The shipbuilding industry within the Asia-Pacific region is on the rise, and the key players in the region, such as Korea, China, and Japan are making advances in their technological competencies so as to capture a greater market share of the commercial maritime industry.

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