Integrated Bridge Systems (IBS) market is projected to reach USD 5.60 Billion by 2021

The report "Integrated Bridge Systems Market by Platform (Commercial Ships, Naval Warships), Component (Small Ship IBS, Medium Ship IBS, Large Ship IBS), Size (Small Ships, Medium Ships, Large Ships), Module, Software Providers, Region - Global Forecast to 2021", The IBS 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% from 2016 to 2021.

Browse 70 market data tables and 66 figures spread through 155 pages and in-depth TOC on " this Market" @

https://www.marketsandmarkets.com/Market-Reports/integrated-bridge-system-market-140505598.html

This market is driven by factors such as, the increasing trend in world trade by sea, increasing maritime navigation safety resulting in a reduction in the number of accidents, and growing maritime tourism.

The commercial ships segment is estimated to have the largest market share in the platform market segment.

On the basis of platform, the integrated bridge systems market has been segmented into commercial ships, and naval warships. The commercial ships segment accounts for the largest market share of the IBS market. Since seaborne trade is increasing around the world, it is expected to lead to an increase in demand for commercial ships or vessels.

The large size ships segment accounts for the largest market share in the size segment of the integrated bridge systems market

The integrated bridge systems market on the basis of size is segmented into, small size, medium size, and large size ships. The large size ship segment is estimated to have the largest market share in the integrated bridge systems market on the basis of ship size. This is due to the increasing demand for large ships and large container ships in the world, which are capable of carrying a huge volume of cargo in a single trip. Large ships are a convenient option as it is viable and economical to carry goods in bulk.

The integrated bridge systems market in Asia-Pacific is expected to grow at the highest rate

The IBS 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.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=140505598

Key Market Players

The key players profiled in the IBS 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.

Don’t miss out on business opportunities in Integrated Bridge Systems Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" 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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.