Global Integrated Bridge Systems Market to Reach $5.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Integrated Bridge Systems estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 0.9% over the period 2020-2027. Commercial Ships, one of the segments analyzed in the report, is projected to record 0.7% CAGR and reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Naval Warships segment is readjusted to a revised 1.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 2% CAGR
The Integrated Bridge Systems market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.2% and 0.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Integrated Bridge Systems estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 0.9% over the period 2020-2027. Commercial Ships, one of the segments analyzed in the report, is projected to record 0.7% CAGR and reach US$4.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Naval Warships segment is readjusted to a revised 1.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 2% CAGR
The Integrated Bridge Systems market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.2% and 0.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR.
Select Competitors (Total 42 Featured):
- Consilium AB
- Furuno Electric Co., Ltd.
- Kongsberg Gruppen ASA
- L3 Communications Mapps Inc.
- Marine Technologies, LLC.
- Northrop Grumman Sperry Marine
- Praxis Automation Technology B.V.
- Raytheon Company
- Rolls-Royce Holdings PLC
- Tokyo Keiki, Inc.
- Wartsila Valmarine AS
Frequently Asked Questions about the Global Market for Integrated Bridge Systems
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 42
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