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The global integrated bridge systems market is experiencing a significant growth due to demand for advance maritime navigation system. Integrated bridge system (IBS) is a combination of systems designed to allow centralized access to information from various nodes in the system through a workstation. Moreover, IBS relays information such as navigation, control & monitoring, and propulsion on interconnected grouped screens to ensure safe & efficient management of a ship. In addition, integrated bridge system collects information from a number of sensors on-board, subsystems, and navigational system of a ship. IBS allows real-time data monitoring for enhanced situational awareness and efficient decision-making.

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COVID-19 scenario analysis: 

Integrated bridge system manufacturers are facing operational issues & lac of workforce due to government-imposed lockdown to slow the spread of COVID-19.

Ship builders are forced to shutdown production operations due to government-imposed lockdown in the wake of COVID-19.

International travel bans imposed by authorities to control the COVID-19 outbreak have adversely affected the maritime trade & tourism activity.

Integrated bridge system manufacturers are unable to procure production related equipment as well as raw materials due to supply chain disruption caused by the restrictions on transportation by government in the wake of COVID-19 pandemic.

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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Surge in seaborne trade & marine tourism, increase in demand for optimized navigation system, and rise in adoption of wireless sensors are some of the factors that drive the global integrated bridge systems market. However, vulnerability of digital systems to cyber-attacks hinder the market growth. On the contrary, increase in maritime safety norms, development of maritime economic corridors for import & export, and advancement in military-based IBS for coastal protection present new pathways in the industry.

The global integrated bridge systems market trends are as follows:

Surge in seaborne trade & marine tourism

According to UN Conference on Trade & Development (UNCTAD), 2019 international maritime trade will at an average rate of 3.5 % annually for next five years. Increasing trade volume will create demand for new ships such as cargo, oil & gas tanker, and bilk carriers. In addition, research vessels such as RV Belgica (a state-of-art oceanographic research vessel) utilizes advanced integrated bridge system to help operate in extreme weather conditions. Such extensive use of integrated bridge system in marine trade & tourism as well as ocean search is expected to boost the global integrated bridge system market.

Demand for optimized navigation system

Modern ships require real-time bridge navigation tracking and display of ship control on integrated bride system. Recently, in 2020, Northrop Grumman received an order worth 27.4 million USD by US Navy to build integrated bridge & navigation system (IBNS) for Arleigh Burke DDG-51 (a class of guided missile destroyer). IBNS will include sub-systems such as voyage management system (VMS), automated radar plotting aid (ARPA), and ship control system (SCS) to enhance bridge watch efficiency & ship control safety. Such investment in optimized navigation systems will drive the global integrated bridge systems market. 

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Key benefits of the report:

• This study presents the analytical depiction of the global integrated bridge systems industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global integrated bridge systems market share.
• The current market is quantitatively analyzed to highlight the global integrated bridge systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global integrated bridge systems market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the integrated bridge systems market research report:

• Which are the leading market players active in the integrated bridge systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

Integrated Bridge Systems Market Report Highlights

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According to a new report published by Allied Market Research, titled, “Greenhouse Horticulture Market,” The greenhouse horticulture market size was $32.3 billion in 2021, and is estimated to reach $65.0 billion by 2030, growing at a CAGR of 7.8% from 2022 to 2030. 

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Greenhouse horticulture is another name for protected cropping. Protected cropping involves the use of a greenhouse, glasshouse, shade house, or screen house. During this process, crops such as vegetables, fruits, and flowers are grown within or under shelter. The greenhouse provides crops with a controlled environment that protects them from harsh climatic conditions and pests. Furthermore, a controlled environment boosts crop yield, which is why greenhouses are becoming more popular in Africa, India, and the Middle East.   

Global Key Players: 

• Richel Group,  
• Rough Brothers, Inc.,  
• Certhon,  
• Poly-Tex, Inc.,  

• Europrogress,  
• Luiten Greenhouses,  
• Sotrafa, Netafim,  
• Dalsem,  
• Van der Hoeven Horticultural Projects BV.,  

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The global greenhouse horticulture industry is segmented on the basis of product, type, and region. By product the market is classified into fruits & vegetables, nursery crops, flowers & ornamentals, and others. By type, the market is classified into plastic greenhouse and glass greenhouse. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The report focuses on the global greenhouse horticulture market share, greenhouse horticulture market trends, and the major products & applications, where greenhouse horticulture is practiced. It further highlights numerous factors that influence the greenhouse horticulture market growth market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on greenhouse horticulture market demand in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices. 

IMPACT OF COVID-19 ON THE GLOBAL ORGANIC FOODMARKET 

During the COVID-19 pandemic, the global demand for greenhouse horticulture grew in a measurable way. Beginning in 2020, people modified their food purchasing and consumption routines during COVID-19. 

COVID-19 impacted almost all industries by hindering various industrial operations. However, as fewer people leave their homes for errands and purchases, the supply of agriculture products is becoming increasingly scarce. Consumers have rushed to grocery stores and retailers, necessitating frequent deliveries to replenish their shelves.   

Furthermore, many greenhouse producers are finding it difficult to ship out their stock as a result of the supply-chain interruption. Countries around the world are facing a lockdown and mandatory social separation imposed by government authorities in order to prevent the spread of the pandemic, resulting in limited and delayed imports and exports. 

Key Findings of the Study 

• On the basis of type, the fruits and vegetable segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period. 
• On the basis of region, Asia-Pacific registered the highest market share and is projected to maintain the position during the forecast period. 

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According to a new report published by Allied Market Research, titled, “Energy Drinks Market, by Type and End User: Global Opportunity Analysis and Industry Forecast, 2022-2031,” The energy drinks market was valued at $45.80 billion in 2020, and is estimated to reach $108.40 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.  

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The adults segment accounted for maximum share in 2020. Energy drinks are beverages that contain caffeine, taurine, vitamins, & other stimulants, and are marketed as products that boost mental alertness and physical stamina. They may or may not be carbonated. The demand for energy drinks and related items has increased at an alarming rate, according to reports. This is due to the advantages that these beverages provide, such as improved performance, focus, weight loss, stamina, and so on. Furthermore, consumers, particularly men, positively link energy drink intake with risk-taking activities and masculinity. Furthermore, energy drinks have more caffeine than a cup of coffee and can help with alertness and concentration. Owing to surge in demand for items that provide rapid energy, manufacturers create a variety of products with distinct flavors and tastes. This, in turn, is expected to support the global energy drinks market growth. 

Global Key Players: 

• Red Bull,  

• Monster Beverage Corporation,  
• Rockstar Inc.,  
• The Coca-Cola Company,  
• PepsiCo,  
• Arizona Beverage Company,  

• National Beverage Corp.,  
• Dr. Pepper Snapple Group,  
• Living Essentials, and Cloud 9.  

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The nonalcoholic segment accounted for the highest energy drinks market share in 2020, garnering a share of 53.9%, owing to the fact that such products boost the energy by improving physical and cognitive performance. This segment is also estimated to witness a healthy growth in the energy drinks market in the future. 

The alcoholic energy drinks segment accounted for 46.1% of the total market in 2020, due to increase in consumption of alcoholic beverages by regular party goers. This has led to surge in demand for alcoholic energy drinks. In addition, it has turned into a status symbol, especially for teenagers; therefore, consumption of alcoholic energy drinks has witnessed increased popularity, thereby boosting the energy drinks market opportunities. 

In 2020, by end user, the adult segment acquired the maximum market share of around 46.1%, and is anticipated to grow with the highest CAGR of 8.5% during the energy drinks market forecast period. This has attributed to rise in trend among corporates and athletes, who consume energy drinks for an extra dose of energy to enhance their performance. In addition, surge in riboflavin content helps to minimize cramps in muscles and blood disorders. Energy drinks are popular among athletes as they provide an extra boost of energy, aid with sleep deprivation, raise alertness, improve cognition, and elevate mood. Athletes also use energy drinks to combat the depressing effects of drinking by boosting the central nervous system. 

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However, caffeine overdose may cause hypertension, nausea, restlessness, and other associated health risks that may limit the energy drinks industry growth during the forecast period. The caffeine level of energy drinks is primarily responsible for the primary health concerns linked with their usage. Caffeine can cause hypertension, palpitation, dieresis nausea, central nervous system stimulations, and vomiting if used in excess. Adults are also at a higher risk of developing arterial hypertension and diabetes. Furthermore, pregnant women who consume a lot of caffeine are more likely to have late miscarriages and stillbirths. 

Furthermore, adolescent usage of energy drinks is linked to a number of potentially dangerous health and behavioral effects, including the use of nicotine and other toxic substances, sensation seeking, and a higher risk of accidents & depression that may necessitate medical treatment. Such unfavorable characteristics function as impediments to the expansion of the market. Moreover, implementation of stringent government regulations on increased caffeine content in energy drinks hinders the growth of the market at global level. Excess consumption of caffeine by teens and young population may result in ill effects.  

Therefore, such factors negatively impact the growth of the global energy drinks market. Energy drinks provide a much-needed boost to the working population and consumers during their working hours; unfortunately, such beverages include caffeine and other dangerous ingredients. As a result, the market for energy drinks is hampered by the availability of alternative beverages such as green tea, ginger root tea, coffee, fresh juice, and others. In addition, coffee drinking lowers the effect of caffeine in energy beverages. Although espresso coffee has a richer flavor, it usually has less caffeine than drip coffee. Furthermore, omitting sugar from coffee or substituting stevia or honey for it prevents sugar overdose. As a result, such alternatives stifle the expansion of the global energy drink market. 

According to energy drinks market analysis, by region, Asia-Pacific is expected to witness the highest growth rate of 8.8% during the forecast period, owing to increase in disposable income and change in consumption & lifestyle pattern as well as demographics and energy drinks market trends. 

KEY FINDINGS OF THE STUDY 

• Region wise, Asia-Pacific is anticipated to lead the market in 2031, growing at a CAGR of 8.8%, from 2022 to 2031. 

• By type, the nonalcoholic segment occupied nearly 53.9% of the energy drink market share in 2020. 

• By end user, the adult segment dominated the overall energy drinks market size in 2020, and is expected to grow at a CAGR of 46.1% during the forecast period. 

• The kids segment is anticipated to grow at asignificant CAGR of 14.4%. 

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