/PRNewswire/ The "Europe Automatic Identification System Market 2021-2031 by Class, Component, Platform, Application, and Country: Trend Forecast and Growth.
/PRNewswire/ The "North America Automatic Identification System Market 2021-2031 by Class, Component, Platform, Application, and Country: Trend Forecast and.
/PRNewswire/ The "Global Automatic Identification System Market 2021-2031 by Class, Component, Platform, Application, and Region: Trend Forecast and Growth.
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The dynamic positioning system market is projected to grow from USD 6.3 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 10.7% between 2021 and 2026.
The increase in seaborne trade across the globe, cargo ship industry and shipbuilding industries are driving the market growth of the dynamic positioning system market.
Based on end user, the OEM segment is anticipated to grow at a higher CAGR during the forecast period
Based on end user, the OEM segment is anticipated to grow at a higher CAGR than the aftermarket segment during the forecast period. Original equipment manufacturers (OEMs) offer line fit and new product demand, thereby saving the time consumed in the installation of components post-delivery. Shipowners are preferring OEM segment over aftermarket segment as the OEM segment offers valuable post Purchase maintenance and training which is considered to be very essential for the dynamic po