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Integrated Bridge Systems (IBS) Market Navigates Strong Growth on the Back of Maritime Modernization
As maritime industries embrace digital transformation and naval fleets modernize globally, the Integrated Bridge Systems (IBS) Market is emerging as a key pillar of innovation and operational safety. Designed to unify navigation, communication, and control systems into a single user interface, IBS platforms have revolutionized how commercial and defense vessels are operated. According to a newly published market report, the global Integrated Bridge Systems Market is poised for consistent growth, driven by increased shipbuilding activity, automation in maritime operations, and rising safety mandates.
The Integrated Bridge Systems Market was valued at USD 7.5 billion in 2023, and it is expected to grow to USD 11.2 billion by 2030, reflecting a CAGR of 5.8% over the forecast period. This upward trend is driven by demand for technologically advanced vessels—both commercial and military—and the need for streamlined navigation and situational awareness at sea.
IBS systems combine multiple subsystems such as radar, ECDIS (Electronic Chart Display and…