Marine Dynamic Positioning System Market Set To Sail Past $17.6 Billion Globally By 2030, Riding A 12.5% CAGR Wave  AMR
Marine Dynamic Positioning System Market Set To Sail Past $17.6 Billion Globally By 2030, Riding A 12.5% CAGR Wave  AMR . (MENAFN - EIN Presswire) 
  Marine Dynamic Positioning System Market Growth
WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 25, 2024 /EINPresswire / -- According to a new report published by ...
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Marine Dynamic Positioning System Growth

WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 25, 2024 /EINPresswire / -- According to a new report published by Allied Market Research, titled,“Marine Dynamic Positioning System Market ," The marine dynamic positioning system market size was valued at $5.6 billion in 2020, and is estimated to reach $17.6 billion by 2030, growing at a CAGR of 12.54% from 2021 to 2030.🔰 Download Sample Pages -Leading Market PlayersABB Ltd.AB VolvoGeneral Electric CompanyKongsberg Gruppen ASAL3Harris Technologies, Inc.Marine Technologies, LLCNavis Engineering OyPraxis Automation Technology B.V.Reygar Ltd.Wärtsilä CorporationDrivers, Restraints, and OpportunitiesRise 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: /purchase-optionsThe thruster system segment to continue its leadership status throughout the forecast periodBased 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.The offshore vessels segment to maintain its lead position during the forecast periodBased on application, the offshore vessels segment accounted for the largest market share in 2020, accounting for nearly three-fifths of the global marine dynamic positioning system market, and is projected to maintain its lead position during the forecast period. This is due to specialization in operating in deep waters for anchoring, drilling, cable layering, and other applications along with rise in demand for platform supply vessels, anchor handling vessels, well intervention vessels, and construction vessels. However, the naval vessels segment is segment is projected to manifest the largest CAGR of 14.2% from 2021 to 2030. This is attributed to high accuracy in regards of position and heading provided by these vessels.Asia-Pacific, followed by Europe and North America, to offer lucrative opportunitiesBased 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 -KEY FINDINGS OF STUDYBy 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.About Us:Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research

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https://menafn.com/1108920542/Marine-Dynamic-Positioning-System-Market-Set-To-Sail-Past-176-Billion-Globally-By-2030-Riding-A-125-CAGR-Wave-AMR
2024-11-24
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  Marine Dynamic Positioning System Market Growth
WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 25, 2024 /EINPresswire / -- According to a new report published by ...
Marine Dynamic Positioning System Market Set To Sail Past $17.6 Billion Globally By 2030, Riding A 12.5% CAGR Wave  AMR