Dynamic Positioning Systems Market 2021 Global Analysis By Equipment type, Application, End use, Sub-system, Region and Key Players Kongsberg Gruppen (Norway), ABB Group (Switzerland), General Electric Company (US), Wartsila (Finland)

Dynamic Positioning Systems Market analysis report contains a wide-ranging study of the product specifications, revenue, cost, price, gross capacity, and production. Businesses can make out the response of consumers to an already existing product in the market with the help of this product. This market research document incorporates various parameters of the market. In addition to a thorough competitive analysis, the Dynamic Positioning Systems Market report also contains company profiles and contact information of the key market players in the key manufacturer’s section. All the data covered in this report ultimately aids in defining superior business strategies.

Dynamic Positioning Systems Market by Equipment Type (Class 1, class 2, class 3), Application (Bulk Carrier, Gas Tanker, Ferries, Cruise, Amphibious, Destroyer, Frigate), End-use (OEM, Retrofit), Type, Sub-system, and Region - Global Forecast to 2026 The dynamic positioning system market is projected to grow from USD 6.3 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 10.7% between 2021 and 2026 period. The increase in seaborne trade across the globe, cargo ship industry, and shipbuilding industries are driving the market growth of the dynamic positioning system market.

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Key players in the dynamic positioning system market are: Kongsberg Gruppen (Norway), ABB Group (Switzerland), General Electric Company (US), Wartsila (Finland), Rolls Royce PLC. (UK), A.B Volvo (Sweden), Twin Disc (US), L3 Harris (US), Navis Engineering (Finland), Royal IHC (Netherlands), Marine Technologies LLC (US), Praxis Automation Technology (Netherlands), Norr Systems Pte Ltd. (Singapore), Moxa Inc. (Taiwan), Reygar (UK), Comex (France), Sonardyne (UK), Alphatron Marine (Netherlands), Undheim Systems (Norway), Wartsila Guidance Marine (UK), Thrustmaster of Texas (US), Xenta Systems (Italy), RH Marine (Netherlands), Raytheon Anschutz (Germany), Japan Radio Company Ltd. (Japan)

Based on end user, the OEM segment is anticipated to grow at a higher CAGR during the forecast period

Based on end user, the OEM segment is anticipated to grow at a higher CAGR than the aftermarket segment during the forecast period. Original equipment manufacturers (OEMs) offer line fit and new product demand, thereby saving the time consumed in the installation of components post-delivery. Shipowners are preferring OEM segment over aftermarket segment as the OEM segment offers valuable post Purchase maintenance and training which is considered to be very essential for the dynamic positioning system market.

Based on type, the next generation dynamic positioning system is projected to register the highest CAGR during the forecast period

Based on type, the next generation segment is projected to witness the highest CAGR during the forecast period. This segment will majorly be driven by the rise and development in the autonomous vessels. Currently, there are countries in many regions who are working on project to bring autonomous vessels into the commercial market. The dynamic positioning systems is essential for autonomous vessels because of the minimalistic human intervention gives rise to higher chances of error that could lead to accidents. Hence, shipowners and OEM manufacturers are working on next generation dynamic positioning system for autonomous vessels. So, this will be the major factors to drive growth in this segment for the forecasted period.

North America is estimated to lead the dynamic positioning systemn market in 2021

The growth of the global trade industry in North America is one of the most significant factors contributing to the demand for dynamic positioning system in this region. Increasing investments in the naval operations and increasing offshore shipping industry are additional factors driving the growth of the dynamic positioning system market in North America.

The break-up of profiles of primary participants in the dynamic positioning system market:

By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, Rest of the World – 5%

Research Coverage:

The report covers the dynamic positioning system market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as equipment type, type of dynamic positioning system, sub-system, end use, and application. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Reasons to buy this report:

This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall dynamic positioning system market and its sub segments. The report covers the entire ecosystem of the maritime industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Dynamic Positioning System Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered For The Study
1.4 Inclusions And Exclusions
Table 1 Inclusions And Exclusions In The Dynamic Positioning System Market
1.5 Currency
Table 2 Usd Exchange Rates
1.6 Limitations
1.7 Stakeholders
1.8 Summary Of Changes
Figure 1 Mnm Pre-Covid-19 And Post-Covid-19 Estimates On The Dynamic Positioning System Market

2 Research Methodology
2.1 Research Data
Figure 2 Report Process Flow
Figure 3 Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Primary Sources
2.2 Market Size Estimation
2.2.1 Market Definition And Scope
2.2.2 Segments And Subsegments
2.3 Research Approach And Methodology
2.3.1 Bottom-Up Approach
2.3.2 Dynamic Positioning System Market For Oem
Figure 4 Market Size Calculation For Oem
2.3.3 Dynamic Positioning System Retrofit
Figure 5 Market Size Calculation For Retrofit
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.3.4 Top-Down Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
2.4 Triangulation And Validation
Figure 8 Data Triangulation
2.4.1 Triangulation Through Primary And Secondary Research
2.5 Growth Rate Assumptions
2.6 Assumptions For The Research Study
2.7 Risks

3 Executive Summary
Figure 9 Commercial Application Projected To Lead The Dynamic Positioning System Market From 2021 To 2026
Figure 10 Position Reference & Tracking Systems Segment By Subsystem Estimated To Lead The Dynamic Positioning System Market In 2021
Figure 11 Conventional Segment Projected To Lead The Dynamic Positioning System Market During The Forecast Period
Figure 12 Retrofit Segment Estimated To Lead The Dynamic Positioning System Market In 2021
Figure 13 Class 1 Segment Projected To Lead The Dynamic Positioning System Market During The Forecast Period
Figure 14 North America Estimated To Account For The Largest Share Of The Dynamic Positioning System Market In 2021

4 Premium Insights
4.1 Attractive Opportunities In The Dynamic Positioning System Market
Figure 15 Increasing Investments Drive The Dynamic Positioning System Market
4.2 Dynamic Positioning System Market, By End Use
Figure 16 Retrofit Segment Projected To Dominate The Dynamic Positioning System Market During The Forecast Period
4.3 Dynamic Positioning System Market, By Equipment Type
Figure 17 Class 1 Segment To Lead The Dynamic Positioning System Market During The Forecast Period
4.4 Dynamic Positioning System Market, By Country
Figure 18 Dynamic Positioning System Market In China Projected To Grow At The Highest Cagr During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Dynamic Positioning System Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Operations In The Offshore Shipping Industry
5.2.1.2 Technological Improvements In Monitoring And Dynamic Positioning Systems
5.2.1.3 Increase In Seaborne Trade Across The Globe
5.2.2 Restraints
5.2.2.1 Complex System And High Cost Of Initial Installation
5.2.2.2 High Maintenance Costs
5.2.3 Opportunities
5.2.3.1 Laser-Based Dynamic Positioning Systems
5.2.3.2 Autonomous Shipping Industry
5.2.4 Challenges
5.2.4.1 Covid-19 Affecting The Shipping Industry
5.2.4.2 Complex Systems Difficult To Be Operated By Unskilled Operators
5.3 Covid-19 Impact Scenarios
Figure 20 Impact Of Covid-19 On Dynamic Positioning System Market: Global Scenarios
5.4 Impact Of Covid-19 On The Dynamic Positioning System Market
5.5 Trends/Disruptions Impacting Customers’ Business
5.5.1 Revenue Shift And New Revenue Pockets For Dynamic Positioning System Market
Figure 21 Revenue Shift In Dynamic Positioning System Market
5.6 Market Ecosystem
5.6.1 Prominent Companies
5.6.2 Private And Small Enterprises
5.6.3 End Users
Figure 22 Market Ecosystem Map: Dynamic Positioning System Market
5.7 Pricing Analysis
Figure 23 Pricing Analysis – By Ship Type, 2020
5.8 Value Chain Analysis
Figure 24 Value Chain Analysis: Dynamic Positioning System Market
5.9 Tariff Regulatory Landscape For Automation In The Maritime Industry
5.10 Trade Data
5.10.1 International Maritime Trade Data, 2010-2019
Figure 25 Development Of International Maritime Trade, (2010–2019)
5.10.2 World Seaborne Trade, 2015-2019
Table 3 World Seaborne Trade, 2015-2019
5.11 Porter’s Five Forces Model
5.12 Technology Analysis
5.12.1 Big Data
5.12.2 Dynamic Positioning System
5.12.3 Predictive Maintenance
5.12.4 Collision Avoidance Tool
5.13 Use Cases
5.13.1 Autonomous Control And Remote Command Systems
5.13.2 Laser-Focused Dynamic Positioning System In Offshore Operations
5.14 Operational Data
Table 4 Completion Of Ship Orders Globally, 2015-2020
Table 5 Completion Of Ship Orders By Japan, 2015-2020
Table 6 Completion Of Ship Orders By South Korea, 2015-2020
Table 7 Completion Of Ship Orders By China, 2015-2020
Table 8 Completion Of Ship Orders In Europe, 2015-2020

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