Global Integrated Bridge System Industry Size – How Navigation and Radar Systems for Ships Are Expanding the Market
The Global Integrated Bridge System Industry Size is expanding steadily, driven by rising demand for technologically advanced navigation tools and maritime safety compliance. The Integrated Bridge Systems (IBS) Market is projected to reach USD 7.0 Billion by 2030, registering a compound annual growth rate (CAGR) of 3.8% during the forecast period 2020–2030.
Navigation and radar systems for ships are a core part of IBS, enabling operators to detect hazards, monitor vessel traffic, and optimize routes in real time. These capabilities are essential for reducing accidents and improving fuel efficiency, making them a critical driver of industry growth.
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The industry size is being boosted by rapid expansion in global shipping, offshore energy projects, and defense modernization programs. Additionally, many governments are enforcing stricter safety regulations, prompting shipping companies to upgrade their fleets with integrated bridge solutions.