According to a new market research report published by Global Insight Services “ Dynamic Positioning Systems Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Dynamic Positioning Systems (DPS) is a computer-controlled system used to automatically maintain a vessel’s position and heading by using its propellers and thrusters. DPS is commonly used by offshore oil rigs, construction vessels, and cruise ships.DPS uses sensors to constantly monitor the vessel’s position and heading, as well as the surrounding water conditions. If the vessel begins to drift off course, the DPS will activate the propellers and thrusters to correct the vessel’s heading and maintain its position.
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Top Key Players in Dynamic Positioning Systems market: ABB Ltd, AB Volvo, Kongsberg Gruppen ASA, Marine Technologies, LLC, Navis Engineering Oy, Reygar Ltd, Wärtsilä Corporation
Key Trends
The key trends in Dynamic Positioning Systems (DPS) market are:Increasing accuracy and reliability: DPS technology is constantly improving in terms of accuracy and reliability. This is thanks to advances in sensors, processors and software.
Key Drivers
The key drivers of the Dynamic Positioning Systems market include the increasing demand for maritime transportation, the need for safer and more efficient maritime operations, and the stringent regulations regarding maritime safety.
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Market Segments
The dynamic positioning systems market report is bifurcated on the basis of subsystem, equipment class, application, sales channel, and region. On the basis of subsystem, it is segmented into control system, power system, thruster system, and others. Based on equipment class it is analyzed across class 1, class 2, and class 3. By application, it is categorized into naval vessels, offshore vessels, and others. By sales channel, it is divided into OEM and aftermarket. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy Dynamic Positioning Systems Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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