Integrated Platform Management System Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The integrated platform management system market size is projected to reach US$ 4.81 billion by 2031 from US$ 3.01 billion in 2023. The market is expected to register a CAGR of 6.0% during 2023–2031. Growing integration with combat management system is expected to drive the market is likely to remain a key trend in the market.

Integrated Platform Management System Market Analysis

The naval forces across the globe are emphasizing anti-submarine warfare owing to rise in underwater threats. The usage of unmanned underwater vehicles (UUVs) are surging; however, integrated platform management systems are much more efficient in detecting and locating enemy submarines. The integrated platform management systems also have the benefit to be launched from maritime patrol vessels, which reduces the risk of collateral damage. Pertaining to these factors, the demand for integrated platform management systems are increase, and in order to increase the strength of respective navy’s maritime patrolling wing with enhanced capabilities, the naval forces are procuring higher volumes of MPA fitted with integrated platform management systems. Growing demand for integrated platform management systems with limited number of players operating in the integrated platform management systems market is showcasing higher bargaining power of buyers (vessels manufacturer) in the current scenario. Nevertheless, the demand for the same is anticipated to drop to moderate level in the future with the rise in number of integrated platform management systems market players.

Integrated Platform Management System Market Overview

The competition among the integrated platform management systems market is high owing to the fact that the products offered by the manufacturer are similar in technology. Additionally, the presence of well-established players such as L3Harris Technologies Inc., ECA group, Boeing, and Northrop Grumman Sperry Marine B.V. acquire majority of the contracts from the vessels and patrol boat manufacturers to supply integrated platform management systems. These players compete among each other on various parameters such as product type, lead/delivery time, after-sales services, and number of dispensing slots, among others. Thus, the competitive rivalry is expected to be remain high throughout the forecast period in the integrated platform management systems market.

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Integrated Platform Management System Market: Strategic Insights

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Integrated Platform Management System Market Drivers and Opportunities

Increasing Focus on the Deployment of Anti-Submarine Warfare Systems

The rising deployment of naval vessels such as frigates, corvettes, submarines, patrol vessels, and other boats/vessels is one of the major factors generating the demand for deployment of anti-submarine warfare systems across different regions. Further, this is also backed up by the high growth in naval warfare systems across different regions worldwide. Moreover, the rising tension among different countries is also pushing the government of several countries to invest large amount of funds into the procurement of anti-submarine warfare systems for different military forces. For instance:

• Damen Naval has commissioned RENK to supply eight gear units for the new Anti-Submarine Warfare (ASW) frigates. The Dutch yard is building four new frigates, two for the Royal Netherlands Navy and two for the Belgian Navy. (RENK, Press Release, Apr 2024)
• Kongsberg Maritime (KONGSBERG) will supply four shipsets of its controllable pitch propeller systems and associated equipment, including shaftlines. It is the second collaboration between Damen Naval and Kongsberg Maritime in the past 18 months. (KONGSBERG, Press Release, Apr 2024)
• Modus Operandi, a company that delivers Big Data analytics solutions for national security and commercial organizations, has been awarded a $1.5 million contract to develop an Anti-Submarine Warfare (ASW) system for the U.S. Navy. (Modus Operandi, Press Release, 2023)

Such factors are pushing the demand for integrated platform management systems market across different regions.

Continuous Focus on Development of Robust Vessel Control Solutions

The military forces are continuously seeking advanced solutions for naval vessels. Among the leading technologies or systems, the military troops are eyeing, integrated platform management systems are one of the crucial systems. This majorly pertains to the demand for modernizing the forces with robust weaponry and other systems. Pertaining to this, several military forces are compelling the technology, or system developers, including integrated platform management systems developers, to innovate and develop robust control solutions. This factor is foreseen to create lucrative opportunities in integrated platform management systems market in the coming years.

Integrated Platform Management System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the integrated platform management system market analysis are component, naval vessels, and application.

• Based on component, the integrated platform management system market is segmented into hardware and software. The hardware segment held a larger market share in 2023. Further the hardware segment has been sub-segmented into sensors, actuators, remote terminal units, display devices, and others.
• Based on naval vessels, the integrated platform management system market is segmented into frigates, aircraft carriers, and submarines. The submarines segment held a larger market share in 2023.
• Based on application, the integrated platform management system market is segmented into propulsion control, auxiliary machinery control, safety & damage control systems, alarm & event monitoring, and on-board trainer. The safety & damage control systems segment held a larger market share in 2023.

Integrated Platform Management System Market Share Analysis by Geography

The geographic scope of the integrated platform management system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is likely to witness highest CAGR in the coming years. The US accounted for the largest market share in North America integrated platform management system market in 2023. The country holds strong number of submarines and aircraft carriers which its territory which is expected to boost the deployment of IPMS in naval vessels. The US Navy has a maritime superpower as it has heavily armed warship that helps in managing sea control and maritime security. In addition, the country also witnessed projects related to submarine that will also impact the scope of integrated platform managemet systems. Further, the large pipelines of the US armed forces for the procurement of naval platforms is another major factor likely to generate new opportunities for integrated platform management system market vendors in the coming years.

Integrated Platform Management System Market Regional Insights

The regional trends and factors influencing the Integrated Platform Management System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Integrated Platform Management System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Integrated Platform Management System Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Integrated Platform Management System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Integrated Platform Management System Market are:

1. C2C DB Systems
2. ECA Group
3. L3HARRIES
4. Larsen & Toubro Limited
5. Logimatic

Disclaimer: The companies listed above are not ranked in any particular order.

Integrated Platform Management System Market News and Recent Developments

The integrated platform management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the integrated platform management system market are listed below:

• Damen Naval has signed a contract with RH Marine as the first Dutch supplier for the new Anti-Submarine Warfare (ASW) Frigates. RH Marine will supply the Integrated Mission Management System (IMMS), the Integrated Navigation Bridge System (INBS) and the Integrated Platform Management System (IPMS) for each of the four frigates for the Dutch and Belgian navies. The announcement of the cooperation follows the official contract signing on 29 June between the Dutch Ministry of Defence and Damen for the design, construction, and delivery of the new frigates. (Source: Damen Naval, Press Release, Jun 2023)
• Northrop Grumman Corporation (NYSE: NOC) in the UK (NGUK) has been awarded a contract for in-service support of the Astute Class Submarine Platform Management System (PMS) by the Submarine Delivery Agency (SDA), an executive agency of the Ministry of Defence. (Source: Northrop Grumman Corporation, Press Release, Mar 2022)

Integrated Platform Management System Market Report Coverage and Deliverables

The “Integrated Platform Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Integrated platform management system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Integrated platform management system market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Integrated platform management system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the integrated platform management system market
• Detailed company profiles