Global Dynamic Positioning Systems Market (2021 to 2026) - Laser-based Dynamic Positioning Systems Presents Opportunities - GlobeNewswire

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Dublin, May 31, 2021 (GLOBE NEWSWIRE) -- The "Global Dynamic Positioning Systems Market by Equipment type (Class 1, class 2, class 3), Application (Bulk Carrier, Gas Tanker, Ferries, Cruise, Amphibious, Destroyer, Frigate), End Use (OEM, Retrofit), Type, Sub-system, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

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 positioning system market.

Based on type, the next generation dynamic positioning system is projected to register the highest CAGR during the forecast period

Based on type, the next generation segment is projected to witness the highest CAGR during the forecast period. This segment will majorly be driven by the rise and development in the autonomous vessels. Currently, there are countries in many regions who are working on project to bring autonomous vessels into the commercial market. The dynamic positioning systems is essential for autonomous vessels because of the minimalistic human intervention gives rise to higher chances of error that could lead to accidents. Hence, shipowners and OEM manufacturers are working on next generation dynamic positioning system for autonomous vessels. So, this will be the major factors to drive growth in this segment for the forecasted period.

North America is estimated to lead the dynamic positioning system market in 2021

The growth of the global trade industry in North America is one of the most significant factors contributing to the demand for dynamic positioning system in this region. Increasing investments in the naval operations and increasing offshore shipping industry are additional factors driving the growth of the dynamic positioning system market in North America.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Dynamic Positioning System Market
4.2 Dynamic Positioning System Market, by End Use
4.3 Dynamic Positioning System Market, by Equipment Type
4.4 Dynamic Positioning System Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Operations in the Offshore Shipping Industry
5.2.1.2 Technological Improvements in Monitoring and Dynamic Positioning Systems
5.2.1.3 Increase in Seaborne Trade Across the Globe
5.2.2 Restraints
5.2.2.1 Complex System and High Cost of Initial Installation
5.2.2.2 High Maintenance Costs
5.2.3 Opportunities
5.2.3.1 Laser-Based Dynamic Positioning Systems
5.2.3.2 Autonomous Shipping Industry
5.2.4 Challenges
5.2.4.1 COVID-19 Affecting the Shipping Industry
5.2.4.2 Complex Systems Difficult to be Operated by Unskilled Operators
5.3 COVID-19 Impact Scenarios
5.4 Impact of COVID-19 on the Dynamic Positioning System Market
5.5 Trends/Disruptions Impacting Customers' Business
5.6 Market Ecosystem
5.7 Pricing Analysis
5.8 Value Chain Analysis
5.9 Tariff Regulatory Landscape for Automation in the Maritime Industry
5.10 Trade Data
5.11 Porter's Five Forces Model
5.12 Technology Analysis
5.13 Use Cases
5.14 Operational Data

6 Industry Trends

7 Dynamic Positioning System Market, by Application

8 Dynamic Positioning System Market, by End Use

9 Dynamic Positioning System Market, by Type

10 Dynamic Positioning System Market, by Subsystem

11 Regional Analysis

12 Competitive Landscape

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Kongsberg Gruppen ASA
13.2.2 ABB Group
13.2.3 General Electric Company
13.2.4 Wartsila OYJ ABP
13.2.5 Rolls-Royce plc.
13.2.6 A.B. Volvo
13.2.7 Twin Disc
13.2.8 L3Harris (US)
13.2.9 Navis Engineering (Finland)
13.2.10 Royal IHC
13.2.11 Marine Technologies LLC
13.2.12 Praxis Automation Technology Technology
13.2.13 Norr Systems
13.2.14 Moxa Inc.
13.2.15 Reygar
13.2.16 Comex
13.2.17 Sonardyne
13.2.18 Alphatron Marine
13.2.19 Undheim Systems
13.2.20 Wartsila Guidance Marine
13.2.21 Thrustmaster of Texas
13.2.22 Xenta Systems (Italy)
13.2.23 RH Marine
13.2.24 Raytheon Anschutz
13.2.25 Japan Radio Company Ltd.

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/qhk67b

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Asian markets fall after disappointing economic data from Japan, China - MarketWatch

The US Market for Home Automation and Security Technologies - GlobeNewswire

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New York, May 31, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "The U.S. Market for Home Automation and Security Technologies" - https://www.reportlinker.com/p02720120/?utm_source=GNW

- Energy management controls.
- Entertainment controls.
- Security controls.
- Integrated (i.e., multifunction) controls.

The study addresses the major enabling technologies for the various types of home automation products, such as -
- Controllers.
- User interface devices.
- Sensors.
- Actuators and output devices (e.g., dimmers, automated window coverings, dampers).
- Wiring and networking devices.

The study format includes the following major elements -
- Executive summary.
- Definitions.
- Home automation functions.
- Enabling technologies.
- Market environment (e.g., economic conditions, consumer attitudes).
- Current (2020) and projected markets for home automation technologies and products through 2026.
- Developers and suppliers of home automation products.
- Key patents.
- The report focuses on the U.S. market.

Report Includes
- 24 tables
- An overview of the U.S. market for home automation and security technologies
- Estimation of the market size and analyses of market trends, with data from 2020, estimates for 2021, 2023 and projection of CAGR through 2026
- Evaluation of market size and forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth
- Explanation of home automation functions and enabling technologies for home automation, and description of controllers along with comparison between hardware-based controllers and software-based controllers
- Description of small stand-alone devices and complex smart home networks, and discussion on their ability to tie numerous electric devices located around the house to a programmable computer brain
- Details about devices and technologies of automated energy management systems and information on wireless technologies such as ZigBee, Z-Wave, Wi-Fi and INSTEON
- Market share analysis of the key companies of the industry and comprehensive company profiles of major players including Powerline Control Systems Inc., Echelon Corp., General Electric Co., Microsoft Corp., and Honeywell International Inc.

Summary
The broadest definition of home automation includes any device that provides remote or automatic control of electric or other energy-consuming devices around the home. Thus, home automation devices range from small stand-alone devices that control a single unit to complex smart home networks that link several electric devices in the home to a central, programmable computer brain.

Most U.S. consumers implement home automation solutions for their ease of use, affordability, features offered, security and energy management. Millennials perhaps represent the most tech-savvy of consumers. These consumers are willing to pay for innovation that supports their need for convenience and staying connected. Also, millennials as home buyers seek flexibility in home ownership, another key factor that is driving the market for U.S. home automation and security technologies.

Consumers of home automation solutions seek the following -
- Smoke and carbon monoxide detectors to protect against fire and carbon monoxide.
- Flood sensors to protect against potential water damage.
- Door sensors and glass-break break sensors to notify homeowners of attempted forced entry.
- Indoor and outdoor security cameras to monitor homes, view video footage, and be notified of suspicious activity.
- 24/7 monitoring to assist in an emergency or crisis, keeping the home and the people safe and protected.

According to NAHB’s 2021, buyers continue to value home technology that makes them feel safer and more comfortable in their homes. Most users prefer programmable thermostats, rating this feature as "essential" or "desirable." Other popular features included security cameras, video doorbells, wireless home security systems, and multi-zone HVAC systems, among others.

Companies such as Google and Comcast are moving more aggressively to capture a share of the home automation market. The home automation market in U.S. is very competitive, the players are constantly and aggressively developing solutions to suit the user needs. The players are adopting various strategies such as mergers and acquisitions, partnerships, product development and launch, among others to sustain and grow in the market. For example, in January 2020, Vivint Smart Home, Inc. and Mosaic Acquisition Corp. entered a merger that resulted in Vivint becoming a publicly traded company.

The top priority for the businesses is to safeguard consumer and workers health.Partial or full plant closures could continue for manufacturers in regions that have been hard-hit for extended periods.

COVID-19 has impacted nearly all regions, but especially in the U.S., which has experienced a sharp increase in diagnosed cases. COVID-19 has critically impacted nearly all global industries, which includes the market for U.S. Home Automation and Security Technologies.

The COVID-19 pandemic has substantially impacted the residential real estate market in the U.S. Despite the economy’s recovery, increased unemployment and economic uncertainty may continue to affect the housing market through 2020 and beyond. The pandemic’s impact on the U.S. housing market significantly affected the market of home automation and security technologies in 2020.
Read the full report: https://www.reportlinker.com/p02720120/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Is the Stock Market Open Today? Here Are the Memorial Day 2021 Hours. - Barron's

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Memorial Day, which honors those who died while serving in the U.S. military, became a national holiday in 1971.

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Memorial Day 2021 is here, bringing with it a long weekend for U.S. traders and others.

Since it became a national holiday in 1971, Memorial Day has been the last Monday of May, honoring those who died while serving in the U.S. military. In this case, Memorial Day falls on the last day of the month.

U.S. equities had a mostly dull week, with the S&P 500 index rising 1.2% and the Dow Jones Industrial Average rising 0.9%. The S&P 500 and Dow ended the month 2% and 0.6% higher, respectively.

The majority of the action this week was in more speculative areas of the market: Cryptocurrencies were on a roller-coaster ride and shares of Reddit favorites AMC Entertainment (ticker: AMC) and GameStop (GME) surged. Shares of AMC closed out the week 116% higher.

Is the Stock Market Open on Memorial Day 2021?

Investors must wait until Tuesday to see if those trends continue. The New York Stock Exchange and Nasdaq are both closed on Monday, May 31. The same is true for U.S. over-the-counter markets. They’ll be back open on Tuesday at 9:30 a.m. EDT. U.S. bond markets will also be closed.

What About International Markets?

Since Memorial Day is an American holiday, international markets are mostly open. An exception is the London Stock Exchange, which will be closed for a bank holiday. The Toronto Stock Exchange, Shanghai Stock Exchange, Hong Kong stock exchange, and Tokyo Stock Exchange will be open.

How Will Covid-19 Impact the Holiday?

Memorial Day events were largely restricted or canceled last year due to the Covid-19 pandemic. This year, the Centers for Disease Control and Prevention has said vaccinated Americans can travel and enjoy the holiday with other vaccinated friends.

“If you are vaccinated, you are protected, and you can enjoy your Memorial Day,” said CDC Director Dr. Rochelle P. Walensky, according to the New York Times. “If you are not vaccinated, our guidance has not changed for you, you remain at risk of infection. You still need to mask and take other precautions.”

While the U.S. is reopening, some things will be closed on Memorial Day because it’s a federal holiday. Mail, for example, will not be delivered.

Memorial Day is a popular weekend for sales at home-improvement retailers such as Lowe’s (LOW) and Home Depot (HD), which both benefited during the pandemic from consumers spending more on their homes.

How Have Stocks Performed Historically During the Week After Memorial Day?

The S&P 500 has posted gains 31 out of 50 times in the four-day weeks following Memorial Days since 1971. Its average percentage change is 0.5%. The Dow has gained 27 out of 50 times over the same period. It averaged a percentage change of 0.4%.

Write to editors@barrons.com

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Oil Market: OPEC+ Expected to Stick with July Output Boost - Bloomberg

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Oil edged higher in Asian trading with the market focused on an OPEC+ supply policy meeting early this week and any commentary around the prospect for returning Iranian supply.

Futures in New York rose toward $67 a barrel after falling 0.8% on Friday. OPEC and its allies are expected to stick with a decision to boost output in July when the group gathers Tuesday, according to a Bloomberg survey last week. While rebounding demand is driving prices higher, the possibility of more barrels from Iran should a nuclear deal be revived is clouding the outlook.

Iran and world powers have resumed discussions, Russia’s envoy to the United Nations in Vienna said in a tweet, adding that there was an understanding among the countries involved that “the current round should be final.”

Oil is poised for a second straight monthly gain as the U.S., China and parts of Europe lead a robust demand recovery from the Covid-19 pandemic, despite a virus comeback across Asia. American gasoline stockpiles have declined and consumption gained in the lead up to the Memorial Day weekend, which heralds the start of the summer driving season and peak fuel demand.

“The best course of action for the alliance tomorrow may be to stay on an even keel, maintaining the current pace of tapering,” said Vandana Hari, founder of oil consultancy Vanda Insights. “The latest waves driven by virus variants and a slow pace of vaccinations suggests it will be a very gradual exit from the pandemic through the second half.”

Prices
West Texas Intermediate for July delivery gained 0.4% to $66.57 a barrel on the New York Mercantile Exchange at 9:42 a.m. Singapore time after advancing 4.3% last week. Futures are up 4.7% this month. Brent for August settlement rose 0.3% to $68.89 on the ICE Futures Europe exchange after losing 0.7% in the previous session.

The prompt timespread for Brent was 38 cents a barrel in backwardation -- a bullish market structure where near-dated contracts are more expensive than later-dated ones. That compares with 9 cents a week earlier.

See also: Last Week Was When the World Changed for Big Oil: Julian Lee

When OPEC+ meets on Tuesday, investors will also be looking for any clues on the next stage of the group’s supply policy amid growing expectations for demand to accelerate through the end of the year. As for July, all but four of 24 analysts and traders surveyed by Bloomberg predicted the alliance would ratify a planned increase of 840,000 barrels a day.

A gauge of China’s manufacturing industry slipped in May, meanwhile, adding to concerns that the recovery momentum in manufacturing might be peaking. The services and construction sectors strengthened. Indian data later Monday is forecast to show the nation’s gross domestic product during the first quarter posted a slight pickup in growth year-on-year.

Other market news:

Iran started its first transfer of crude oil via its strategic Goreh-Jask pipeline, allowing the country to bypass the Strait of Hormuz, the state-run Islamic Republic News Agency reported. Total SE shareholders gave broad endorsement to Chief Executive Officer Patrick Pouyanne’s plan to reduce carbon emissions by gradually scaling back oil-product sales in favor of renewables and liquefied natural gas.

— With assistance by Keith Gosman

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Stock Market Today: Dow, S&P Live Updates for May 31 - Bloomberg

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Most Asian stocks retreated Monday and U.S. equity futures were steady as investors continue to weigh inflation risks and the strength of the economic recovery.

Equities slipped in Japan, Hong Kong and China, where a gauge of the manufacturing industry suggested the economy’s recovery momentum might have peaked. U.S. contracts fluctuated after the S&P 500 notched its fourth-straight monthly advance. Treasury yields ticked back below 1.60% on Friday. There’s no Treasuries cash trading in Asia amid holidays in the U.S. and U.K.

The offshore yuan fell back in the wake of comments leaning against its climb. Two state-run newspapers flagged risks fueled by rapid gains in the currency. China also set its daily reference rate at a weaker-than-expected level.

Bitcoin traded around $35,000 after a Friday slump as Bank of Japan Governor Haruhiko Kuroda warned about the token’s volatility and speculative trading.

Summer Loving

Global stocks have seen positive performance in June and July in recent years

Source: Bloomberg

Global stocks remain near a record, lifted by the ongoing economic recovery from the pandemic and injections of stimulus. The rally has so far weathered concerns that price pressures could force an earlier-than-expected reduction in central bank support.

But investors remain sensitive to the risk, and this week’s U.S. non-farm payrolls report could buffet markets if it changes perceptions of the rebound’s strength. A purchasing managers’ index report in China showed input costs for manufacturers jumped to the highest in about a decade.

“Policy makers have committed to accepting a higher level of inflation, higher volatility in inflation and as that happens you will see inflation moving structurally higher,” Mixo Das, JPMorgan Asia equity strategist, said on Bloomberg TV. “I don’t think this is in the prices yet.”

Here are key events to watch this week:

• U.S. markets will be closed for the Memorial Day holiday. U.K. markets will be closed for the Spring Bank holiday
• Reserve Bank of Australia policy decision Tuesday
• OPEC+ meets to review oil production levels Tuesday
• Philadelphia Fed President Patrick Harker, Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan speak Wednesday
• U.S. employment report for May on Friday

These are some of the main moves in markets:

Stocks

• S&P 500 futures rose 0.1% as of 10:49 a.m. in Tokyo. The S&P 500 rose 0.1% Friday
• Nasdaq 100 contracts climbed 0.1%. The Nasdaq 100 rose 0.2%
• Topix index fell 0.6%
• Australia’s S&P/ASX 200 Index was steady
• Kospi index was little changed
• Hang Seng Index fell 0.4%
• Shanghai Composite Index fell 0.3%

Currencies

• The Japanese yen was at 109.70 per dollar, up 0.1%
• The offshore yuan was at 6.3670 per dollar, down 0.1%
• The Bloomberg Dollar Spot Index was little changed
• The euro traded at $1.2198

Bonds

• The yield on 10-year Treasuries declined one basis point to 1.59% Friday. Futures were little changed
• Australia’s 10-year bond yields was steady at 1.69%

Commodities

• West Texas Intermediate crude rose 0.4% to $66.61 a barrel
• Gold was at $1,906.72 an ounce

— With assistance by Cormac Mullen

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Special events planned as Latrobe Farmers Market season begins - TribLIVE

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Latrobe Farmers Market opens for a new season Tuesday, with some new vendors on board and plans ahead for special activities.

The market will be open — rain or shine — from noon until 4 p.m., through Oct. 12 near the wooden playground at Legion Keener Park.

It’s open to vendors selling their own produce or homemade food or wares.

“They have to make it, grow it or bake it,” said Craig Shevchik, executive director of Latrobe-GLSD Parks and Recreation.

The local recreation board, which organizes the market, is expanding to include Unity Township, along with existing members the City of Latrobe, Youngstown and Greater Latrobe School District.

New to the market this year are Valkyrie Doughnuts, from Sewickley, and two Latrobe vendors: Silver Rain jewelry and Murray’s Collars, which offers handmade dog collars.

Special events planned

Shevchik plans to include special events at the market. First up will be a June 8 children’s storytime, provided by Adams Memorial Library and WQED as part of a week of Mister Rogers Family Days activities, June 7-12 in Latrobe.

Space is limited, so registration is required for either 12:30 p.m. or 1:30 p.m. Visit the Latrobe Art Center website, at latrobeartcenter.org, and click on Special Events under the “Programs and Events” heading.

Continuing a popular program, thanks to sponsorship from the local Dairy Queen, the Latrobe Farmers Market will offer regular drawings for $5 in market dollars that can be spent with market vendors. Visit the booth of market manager Jim Mikula to enter.

Jeff Himler is a Tribune-Review staff writer. You can contact Jeff at 724-836-6622, jhimler@triblive.com or via Twitter .

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