Dynamic Positioning System (DPS) Market expected to reach $1.82 Billion by 2021

1
Dynamic Positioning System (DPS) Market expected
to reach 1.82 Billion by 2021, at a CAGR of
2.36 from 2016 to 2021 Global Forecast by
MarketsandMarkets
The report "Dynamic Positioning System (DPS)
Market by Subsystem (Power Systems, Thruster
Systems, DP Control Systems, and
Sensors), Application (Passenger Ship, Merchant
Vessel, Offshore Vessel, and Naval Vessel),
Equipment Type, and Region - Global Forecast to
2021", The dynamic positioning systems market
is projected to grow from USD 1.62 Billion in
2016 to USD 1.82 Billion by 2021, at a CAGR of
2.36 during the forecast period. The base year
considered for the study is 2015 and the
forecast period is from 2016 to 2021. Browse 94
market data Tables and 94 Figures spread through
214 Pages and in-depth TOC on "Dynamic
Positioning System (DPS) Market" Early buyers
will receive 10 customization on this
report. Factors, such as increase in the number
of offshore patrol vessels, technological
advancements, and expansion in oil gas
refineries worldwide are expected to drive the
dynamic positioning systems market. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownloadNew.asp?id44881766 Based on equipment
type, the Class 3 segment of the dynamic
positioning systems market is expected to grow
at the highest CAGR during the forecast
period Class 3 dynamic positioning systems
provide accurate location of a vessel as compared
to other equipment types. Manufacturing
companies prefer Class 3 DP systems, as they are
high technologically advanced. This factor is
expected to fuel the growth of the Class 3
segment. Class 3 systems hold a vessel in its
exact position where it has to be even in
extreme conditions, such as high tides, fire
caused in the vessel, among others.
2
Based on application, the merchant vessels
segment is expected to grow at the highest rate
during the forecast period Based on application,
the merchant vessels segment of the dynamic
positioning systems market is estimated to grow
at the highest CAGR during the forecast period.
Increasing use of dynamic position (DP) vessels
for offshore drilling by oil industries is
fueling the growth of the merchant vessels
segment. Africa is projected to grow at the
highest CAGR during the forecast period Africa
is one of the fastest-growing markets for dynamic
positioning systems due to increase in the end
users of dynamic positioning systems. Africas
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. The marine port
will serve as a gateway for East African
landlocked countries, such as Uganda, Malawi,
Rwanda, Burundi, Zambia, and the Democratic
Republic of Congo. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id44881766 Key Market Players Major
players in the Dynamic Positioning System Market
are General Electric Company (U.S.), Rolls-Royce
plc. (U.K.), ABB Group (Switzerland), L-3
Communications Holdings, Inc. (U.S.), Wartsila
Oyj Abp (Finland), and Kongsberg Gruppen ASA
(Norway). Dont miss out on business
opportunities in Dynamic Positioning System
Market. Speak to our analyst and gain crucial
industry insights that will help your business
grow. About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 5000 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve.
3
MarketsandMarketss flagship competitive
intelligence and market research platform, "RT"
connects over 200,000 markets and entire value
chains for deeper understanding of the unmet
insights along with market sizing and forecasts
of niche markets. Contact Mr. Shelly
Singh MarketsandMarkets INC. 630 Dundee
Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email Newsletter_at_marketsandmarkets
.com