Industry Background:
Dynamic positioning system is a computer-driven system used to controls a vessel’s position and heading completely by means of its own thrust, rudders and propellers. This allows the vessel to maintain its balance and vessel installed with dynamic positioning system allows operating with positioning accuracy, safety and reliability.This growth is primarily driven by Increasing Demand For Dynamic Positioning System Across The Globe and High Growth Rate Of The Shipping Industry.
Globally, a noticeable market trend is evident Emerging Computer Technologies. Major Manufacturers, such as L-3 Communications Holdings, Inc. (United States), Kongsberg Gruppen ASA (Norway), ABB Group (Switzerland), Wartsila Oyj Abp (Finland), NORR Systems (Singapore), Marine Technologies (India), Navis Engineering (Finland), Praxis Automation & Technology (Netherlands), Mitsui Energing & Shipbuilding (Japan), AB Volvo Penta (Sweden) and General Electric (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In September 2018, ABB launched its Ability Marine Pilot Control (MPC) dynamic positioning (DP) system. It has a touchscreen-based interface, MPC fulfils the same role and functionality as a traditional DP system while allowing for simplified operation.
Market Drivers
- Increasing Demand For Dynamic Positioning System Across The Globe
- High Growth Rate Of The Shipping Industry
Market Trend
- Emerging Computer Technologies
Restraints
- High Implementation Cost Of System
- Scarcity Of Reliable Communication And Complexity In System
Opportunities
Application of Dynamic Positioning Systems in FPSO Operations
Challenges
Training and Certification of DPS Operators and High Installation and Maintenance Cost for Dynamic Positioning System
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dynamic Positioning Systems Study Sheds Light on
The Dynamic Positioning Systems Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dynamic Positioning Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dynamic Positioning Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.