SHIP BRIDGE SIMULATOR MARKET Challenges and Opportunities

One of the major challenges faced by the global ship bridge simulator market is security and privacy concerns with the increased adoption of advanced technologies in ship simulators. As simulators are getting integrated with advanced VR/AR technologies and connected with other IoT devices, it is raising security risks related to data breaches and cyber-attacks or instance, In 2021, the European Data Protection Supervisor investigated complaints against major European ship operators and ports for their lack of transparency in processing crew biometric data without consent during trial phases.

Market Opportunity - Integration of biometrics with payment apps

The growing integration of biometrics with digital payment applications and e-commerce platforms presents a major opportunity for the global ship bridge simulator market players. According to data from the International Maritime Organization, over 95% of world trade is transported by commercial ships. Biometric authentication provides a hassle-free and secure way for simulator operators and training institutions to manage financial transactions related to training programs, infrastructure services and procurement of simulator parts/upgrades.

What Growth in Ship Bridge Simulator Industry mean for Different Stakeholders?

The ship bridge simulator industry has multiple players with varied designations and offers multiple opportunities based on their scope of operations, including customization of training solutions, advancements in simulation technology, collaborations with maritime academies, expansion into emerging markets, and integration with virtual reality (VR) and augmented reality (AR) to enhance user experiences.