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.

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Research Methodology:

The research methodology used to estimate and forecast the integrated bridge systems market begins with obtaining data on key integrated bridge system equipment statistics through secondary sources, such as, government sources and organizations, for instance, International Maritime Organization (IMO), International Organization for Standardization (ISO); corporate filings, for instance, annual reports, investor presentations, and financial statements; and trade, business, and professional associations, among others. The bottom-up approach has been employed to arrive at the overall size of the integrated bridge systems market from the revenues of the key players and their shares in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with market experts such as, CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall integrated bridge systems market engineering process, and arrive at the exact statistics for all segments and subsegments.

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