Dynamic Positioning Systems Market – Trends Forecast Till 2028

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 Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: May, 2021

Base Year Estimate: 2020

Report ID: D-AD-DPSM-158

Format:  

Number of Pages: 348

Domain: Aerospace & Defense

Dynamic Positioning Systems Market – Trends Forecast Till 2028

The dynamic positioning system market is estimated to be USD 6.3 billion in 2021 and is projected to reach USD 10.5 billion by 2026, at a CAGR of 10.7% from 2021 to 2028.

The growing seaborne trade and growing cargo shipping industry are some of the factors that have supported long-term expansion for the Dynamic Positioning Systems Market.

Dynamic Positioning Systems Market Report

Dynamic Positioning Systems market is segmented into application, end-use, type, subsystem, and geography.

The application segment is segmented into commercial and military.

The end-user segment is segmented into OEM and retrofit.

The type segment is segmented into conventional dynamic positioning systems and next-generation positioning systems.

Geographically, Dynamic Positioning Systems Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in the Dynamic Positioning Systems 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)

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Research Methodology

Secondary Research

n the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and marine battery databases.

Primary Research

The dynamic positioning system market comprises several stakeholders, such as dynamic positioning system manufacturers, shipbuilders, and regulatory organizations, in the supply chain. The demand side of this market is characterized by various end-users, such as OEM and aftermarket. The supply side is characterized by technological advancements in marine batteries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The primary Respondent breakdown is given below:

Dynamic Positioning Systems Market Primary Respondents

Market Sizing

Both top-down and bottom-up approaches were used to estimate and validate the total size of the dynamic positioning system market. These methods were also used extensively to estimate the size of various subsegments of the market.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for dynamic positioning systems market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 6.3 billion

Growth Rate

CAGR of 10.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Application, end-use, type, subsystem, and geography.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

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)

Available Customization

In addition to the market data for Dynamic Positioning Systems Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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