Global Marine Dynamic Positioning System Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Marine Dynamic Positioning System market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Marine Dynamic Positioning System market."
Dynamic positioning (DP) is a computer-controlled system to automatically maintain a vessels position and heading by using its own propellers and thrusters. Position reference sensors, combined with wind sensors, motion sensors and gyrocompasses, provide information to the computer pertaining to the vessels position and the magnitude and direction of environmental forces affecting its position.
The expected downturn in the offshore industry and the weakening shipbuilding industry are anticipated to impact the overall marine dynamic positioning system market in the coming years. The deterioration in the market conditions for offshore oil & gas industry and decline in oil prices are some of the reasons that restrain the market growth. In addition, global oversupply, recessions, and change in economic fundamentals limit the growth of the shipbuilding industry.
The growth of the marine dynamic positioning system industry is driven by the growth in offshore windmill installations, increase in the number of offshore patrol vessels, and rise in deployment of research vessels. 
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 global Marine Dynamic Positioning System market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Marine Dynamic Positioning System volume and value at global level, regional level and company level. From a global perspective, this report represents overall Marine Dynamic Positioning System market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    Kongsberg Maritime
    General Electric
    W„RTSIL„
    Marine Technologies
    Moxa
    Navis Engineering
    Volvo Penta
    Praxis Automation Technology
    Rolls-Royce
    Twindisc
    Reygar
    Guidance Marine
    NAUDEQ Company
    Comex

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Thruster Systems
    DP Control Systems
    Sensors
    Power Systems

Segment by Application
    Passenger Ship
    Merchant Vessel
    Offshore Vessel
    Naval Vessel