Market Size Of Marine Dynamic Positioning System Industry is Set to Garner Staggering Revenues of $17.6 Billion By 2030 | CAGR 12.54%

𝐌𝐚𝐫𝐢𝐧𝐞 𝐃𝐲𝐧𝐚𝐦𝐢𝐜 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 by Subsystem (Control System, Power System, Thruster System), by Equipment Class (Class 1, Class 2, Class 3), by Application (Naval Vessels, Offshore Vessels, Others), by Sales Channel (Oem, Retrofit): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the market size of global marine dynamic positioning system industry generated $5.6 billion in 2020, and is expected to reach $17.6 billion by 2030, witnessing a CAGR of 12.5% from 2021 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/1832

Introduction of laser-based dynamic positioning systems, increase in development of autonomous ships, and technological advancements are factors expected to create new growth opportunities for marine dynamic positioning system market during the forecast period. However, factors such as complexity associated with the system and high maintenance costs are expected to hamper the market growth.

𝐓𝐨𝐩 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐀𝐁𝐁 𝐋𝐭𝐝.
𝐀𝐁 𝐕𝐨𝐥𝐯𝐨
𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
𝐊𝐨𝐧𝐠𝐬𝐛𝐞𝐫𝐠 𝐆𝐫𝐮𝐩𝐩𝐞𝐧 𝐀𝐒𝐀
𝐋𝟑𝐇𝐚𝐫𝐫𝐢𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐈𝐧𝐜.
𝐌𝐚𝐫𝐢𝐧𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐋𝐋𝐂
𝐍𝐚𝐯𝐢𝐬 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐎𝐲
𝐏𝐫𝐚𝐱𝐢𝐬 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐁.𝐕.
𝐑𝐞𝐲𝐠𝐚𝐫 𝐋𝐭𝐝.
𝐖ä𝐫𝐭𝐬𝐢𝐥ä 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧

On the basis of subsystem, the marine dynamic positioning system industry is segmented into control system, power system, and thruster system. In 2020, the thruster system accounted for a major share. The thruster system is a vital component of a dynamic positioning system, and is responsible for maintaining the heading and position of the vessels by acting against the changes occurring underneath the water surface. These systems function by the means of thrust force and thrust direction.

Drivers, Restraints, and Opportunities

Rise in seaborne trade across the globe, increase in number of dynamic position ships such as survey and research vessels, advancements in offshore drilling technology, and deployment of offshore patrol vessels drive the growth of the global marine dynamic positioning system market. However, complexities associated with marine dynamic positioning systems and high maintenance costs restrain the market growth. On the other hand, rise in development of autonomous ships, introduction of laser-based dynamic positioning systems, and technological advancements create new opportunities in the coming years.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.alliedmarketresearch.com/marine-dynamic-positioning-systems-market/purchase-options

The application segment has been divided into naval vessels, offshore vessels, and others. The naval vessels are are used in applications such as mine countermeasures, amphibious landing, submarine rescue, and pollution control. Installation of dynamic positioning system on these aid the vessel to gain accuracy, thereby enhancing security. Various advanced nations such as the U.S., China, and Japan use dynamically positioned vessels within their naval, coast guard, and auxiliary fleets.

Based on subsystem, the thruster system segment contributed to the largest market share in 2020, accounting for more than two-fifths of the global marine dynamic positioning system market, and is estimated to continue its leadership status throughout the forecast period. This is due to its vital role in maintaining the heading and position of the vessels and long life span. However, the control system segment is expected to witness the highest CAGR of 13.7% from 2021 to 2030, owing to innovation in display systems, technological advancements, and integration of advanced features.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Based on region, Asia-Pacific, followed by Europe and North America, held the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global dynamic positioning system market, and is expected to maintain its dominance by 2030. Moreover, this segment is projected to register the fastest CAGR of 13.7% during the forecast period. This is due to increase in new ship building & repair activities in China, Japan, and South Korea along with rise in demand for sea-based logistics & trade.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1832

On the basis of equipment class, the marine dynamic positioning system market is segregated into class 1, class 2, and class 3. Class 2 dynamic positioning system are utilized in several types of vessels, such as commercial vessels, including container ships, ferries, cruise, and cargo ships. The class 2 dynamic positioning system has redundancy, so that no single fault in active system can cause dynamic positioning system to fail.

𝐕𝐢𝐬𝐢𝐭 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨: https://www.prnewswire.com/news-releases/marine-dynamic-positioning-system-market-to-reach-17-6-billion-globally-by-2030-at-12-5-cagr-allied-market-research-301535328.html

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By subsystem, the control system segment is anticipated to exhibit significant growth in the near future.

By equiment class, the class 3 segment is expected to register a significant growth during the forecast period.

By application, the naval vessel segment is expected to register a significant growth during the forecast period.

By sales channel, the original equipment manufacturer segment is anticipated to exhibit significant growth in the near future.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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