Dynamic positioning (DP) is a computer-controlled system to automatically maintain a vessel's position and heading by using its own propellers and thrusters. Position reference sensors, combined with wind sensors, motion sensors and gyrocompasses, provide information to the computer pertaining to the vessel's position and the magnitude and direction of environmental forces affecting its position.
The expected downturn in the offshore industry and the weakening shipbuilding industry are anticipated to impact the overall marine dynamic positioning system market in the coming years. The deterioration in the market conditions for offshore oil & gas industry and decline in oil prices are some of the reasons that restrain the market growth. In addition, global oversupply, recessions, and change in economic fundamentals limit the growth of the shipbuilding industry.
The growth of the marine dynamic positioning system industry is driven by the growth in offshore windmill installations, increase in the number of offshore patrol vessels, and rise in deployment of research vessels.
Africa is one of the fastest-growing markets for dynamic positioning systems due to increase in the end users of dynamic positioning systems. Africa’s economic development was fueled by activities related to extraction of massive energy sources. Due to the presence of a significant number of natural resources, various non-African companies are willing to contribute towards the development of the African maritime sector.
In 2019, the market size of Marine Dynamic Positioning System is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Marine Dynamic Positioning System.
This report studies the global market size of Marine Dynamic Positioning System, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Marine Dynamic Positioning System production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Kongsberg Maritime
General Electric
WÄRTSILÄ
Marine Technologies
Moxa
Navis Engineering
Volvo Penta
Praxis Automation Technology
Rolls-Royce
Twindisc
Reygar
Guidance Marine
NAUDEQ Company
Comex
Market Segment by Product Type
Thruster Systems
DP Control Systems
Sensors
Power Systems
Market Segment by Application
Passenger Ship
Merchant Vessel
Offshore Vessel
Naval Vessel
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Marine Dynamic Positioning System status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Marine Dynamic Positioning System manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Marine Dynamic Positioning System are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Marine Dynamic Positioning System. Industry analysis & Market Report on Marine Dynamic Positioning System is a syndicated market report, published as Global (United States, European Union and China) Marine Dynamic Positioning System Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Marine Dynamic Positioning System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.