DUBLIN, June 23, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/jzqd4z/dynamic) has announced the addition of the "Dynamic Positioning Systems (DPS) Market by Equipment Type, Sub-system, Application, and Region - Forecasts to 2020" report to their offering.
The dynamic positioning systems (DPS) market is expected to reach $1.48 Billion by 2020, growing at a CAGR of 4.36%.
The growth in the DPS market is expected to be driven by the increasing deep-sea excavations and the rising maritime trade with the Asia-Pacific and African regions. The dynamic positioning systems market is expected to witness remarkable growth during the forecast period. Countries such as China, Saudi Arabia, UAE, South Korea, Japan, and Russia are identified as revenue hotspots, which are expected to witness an upsurge in the demand for DP systems. Ensuring safety operations across deep ocean waters during offshore oil & gas operations will accelerate the demand for DP systems in these countries.
The worldwide merchant fleet expanded by 78% between 2004 and 2013, and within this aggregation, bulk carriers and container ship tonnage dramatically multiplied. Owing to this, the DPS market is expected to witness an increase in the demand for merchant vessels, such as shuttle tankers, container vessels, and bulk carriers. Also, with the rising demand for mega yachts and cruise ships, the demand for DP systems is projected to increase over the next five years.
The primary interest for the stakeholders in the dynamic positioning systems market is for systems' ability to withstand harsh environmental conditions, especially for offshore vessels such as drill ships, accommodation barges, AHTS, dredging ships, and so on.
The necessity for technologically advanced and an automated DP system is driving the design and manufacturing of dynamic positioning systems. Manufacturers are significantly investing in research and development to bring the best-in-class DP systems, which can be used across the desired naval applications.
The report identifies the market application gaps, emerging technologies, the need for new product launches, along with high-potential regions and countries. The report provides a granular segmentation of the market, tracks the market size, market share, revenue projections, and financial portfolio, thereby covering a broad spectrum of the market. Kongsberg Gruppen ASA (Norway), Navis Engineering OY (Finland), Marine Technologies LLC (U.S.), Rolls-Royce Holdings PLC (U.K.), General Electric Company (U.S.), and Volvo Penta Corporation (Sweden) are projected to be the market leaders and are expected to occupy a significant market share.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Dynamic Positioning Systems Market, By Sub-System
8 Dynamic Positioning Systems Market, By Reference System
9 Dynamic Positioning Systems Market, By Equipment Type
10 Dynamic Positioning System, By Application
11 Dynamic Positioning Systems Market, By Region
12 Competitive Landscape
13 Company Profiles
- AB Volvo Penta (Sweden)
- General Electric Company (U.S.)
- Kongsberg Gruppen ASA (Norway)
- L-3 Communications Corporation (U.S.)
- Navis Engineering, Oy (Finland)
- Norr Systems Pte. Ltd. (Singapore).
- Marine Technologies LLC (U.S.)
- Praxis Automation & Technology B.V. (The Netherlands)
- Rolls-Royce Plc (U.K.)
For more information visit http://www.researchandmarkets.com/research/jzqd4z/dynamic
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SOURCE Research and Markets