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Dynamic Positioning System Comprehensive Study by Application (Offshore drilling vessels, Offshore support vessels, Pipe-laying and offshore construction vessels, Dredging vessels, Others), Reference System (Hydro Acoustic Position Reference, Taut Wire, Artemis, Laser-Based Systems, Disparity Global Positioning System), End User Vessel (Passenger Ships, Merchant Vessels, Offshore Vessels, Naval Vessels), Component (Power Systems, Thruster Systems, DP Control Systems, Sensors), Equipment Class (Class 1, Class 2, Class 3) Players and Region - Global Market Outlook to 2030
Dynamic Positioning System Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 11.35%
About Dynamic Positioning System
In most of the offshore activities, position and heading of the vessel play an important role. The dynamic positioning system is used to keep the vessel at a fix position and heading. The system automatically controls the position and heading of the vessel with the help of thrusters that are continuously active and balance the environmental forces such as wind, sea waves, current, and others. The key application of the DP system includes offshore drilling vessels, offshore support vessels, pipe-laying, and offshore construction vessels, dredging vessels and others. Rising the number of offshore patrol vessels and increasing import and export of oil & gas due to an expansion of oil & gas refineries are the key driver for the market. Additionally, rising use of dynamic positioning system in floating production storage and offloading can increases the market value in the coming years. However, high maintenance required for mechanical component, high system complexity, lack of DPS operators, huge installation and maintenance cost for dynamic positioning systems are the factors that have been limiting the growth of the market. | Attributes | Details |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2023 |
| Unit | Value (USD Billion) |
| CAGR | 11.35% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.The Manufacturers having a strong hold in the market are Kongsberg Gruppen ASA, ABB Group, L3 Communications Holdings, Inc., Wartsila Oyj Abp, General Electric. Analyst at AMA Research estimates that United States, European and Asian Manufacturers will contribute the maximum growth to Global Dynamic Positioning System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kongsberg Gruppen ASA (Norway), ABB Group (Switzerland), L-3 Communications Holdings, Inc. (U.S.), Wartsila Oyj Abp (Finland), General Electric (United States), Wartsila Oyj ABP (Finland), AB Volvo Penta (Sweden), Navis Engineering (Finland), Marine Technologies (India) and Praxis Automation & Technology (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Moxa Inc. (United States), Mitsui Energing & Shipbuilding (Japan) and Guidance Navigation (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Dynamic Positioning System market by , Application (Offshore drilling vessels, Offshore support vessels, Pipe-laying and offshore construction vessels, Dredging vessels and Others) and Region. On the basis of geography, the market of Dynamic Positioning System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Reference System, the sub-segment i.e. Hydro Acoustic Position Reference will boost the Dynamic Positioning System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Vessel, the sub-segment i.e. Passenger Ships will boost the Dynamic Positioning System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Power Systems will boost the Dynamic Positioning System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Equipment Class , the sub-segment i.e. Class 1 will boost the Dynamic Positioning System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Dynamic Positioning System in Floating production storage and offloadingMarket Growth Drivers:
Rising the Number of Offshore Patrol Vessels and Increasing Import and Export of Oil & Gas due to Expansion of Oil & Gas RefineriesChallenges:
High System Complexity and Lack of DPS Operators and High Installation and Maintenance Cost for Dynamic Positioning SystemRestraints:
High Maintenance Required for Mechanical ComponentOpportunities:
Continuously increasing Investment for Technological AdvancementMarket Leaders and their expansionary development strategies
In August 2023, Rolls-Royce and Kongsberg Maritime announced a partnership to develop and deliver integrated propulsion and DP solutions for offshore vessels. This collaboration brings together expertise in engine and thruster technology with advanced DP systems.In September 2023, iXblue unveiled the HydrO2S, a next-generation DP system featuring enhanced accuracy, redundancy, and cybersecurity. This system is designed for demanding offshore applications like wind farm installation and deep-sea operations.
Key Target Audience
Passenger Ship Carriers, Freight Shipping Companies, Dynamic Positioning System Suppliers, Regulatory Bodies, Vessel Operators, Dynamic Positioning System Consultants, Dynamic Positioning System Research Centers and OthersAbout Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.
Report Objectives / Segmentation Covered
By Application
- Offshore drilling vessels
- Offshore support vessels
- Pipe-laying and offshore construction vessels
- Dredging vessels
- Others
By Reference System
- Hydro Acoustic Position Reference
- Taut Wire
- Artemis
- Laser-Based Systems
- Disparity Global Positioning System
By End User Vessel
- Passenger Ships
- Merchant Vessels
- Offshore Vessels
- Naval Vessels
By Component
- Power Systems
- Thruster Systems
- DP Control Systems
- Sensors
By Equipment Class
- Class 1
- Class 2
- Class 3
By Regions
- South America
- Brazil
- Argentina
- Rest of South America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- Italy
- United Kingdom
- Netherlands
- Rest of Europe
- MEA
- Middle East
- Africa
- North America
- United States
- Canada
- Mexico
- 1. Market Overview
- 1.1. Introduction
- 1.2. Scope/Objective of the Study
- 1.2.1. Research Objective
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising the Number of Offshore Patrol Vessels
- 3.2.2. Increasing Import and Export of Oil & Gas due to Expansion of Oil & Gas Refineries
- 3.3. Market Challenges
- 3.3.1. High System Complexity and Lack of DPS Operators
- 3.3.2. High Installation and Maintenance Cost for Dynamic Positioning System
- 3.4. Market Trends
- 3.4.1. Rising Use of Dynamic Positioning System in Floating production storage and offloading
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 5. Global Dynamic Positioning System, by Application, Reference System, End User Vessel, Component , Equipment Class and Region (value) (2018-2023)
- 5.1. Introduction
- 6. Dynamic Positioning System: Manufacturers/Players Analysis
- 6.1. Company Profile
- 6.1.1. Kongsberg Gruppen ASA (Norway)
- 6.1.1.1. Business Overview
- 6.1.1.2. Products/Services Offerings
- 6.1.1.3. Financial Analysis
- 6.1.1.4. SWOT Analysis
- 6.1.2. ABB Group (Switzerland)
- 6.1.2.1. Business Overview
- 6.1.2.2. Products/Services Offerings
- 6.1.2.3. Financial Analysis
- 6.1.2.4. SWOT Analysis
- 6.1.3. L-3 Communications Holdings, Inc. (U.S.)
- 6.1.3.1. Business Overview
- 6.1.3.2. Products/Services Offerings
- 6.1.3.3. Financial Analysis
- 6.1.3.4. SWOT Analysis
- 6.1.4. Wartsila Oyj Abp (Finland)
- 6.1.4.1. Business Overview
- 6.1.4.2. Products/Services Offerings
- 6.1.4.3. Financial Analysis
- 6.1.4.4. SWOT Analysis
- 6.1.5. General Electric (United States)
- 6.1.5.1. Business Overview
- 6.1.5.2. Products/Services Offerings
- 6.1.5.3. Financial Analysis
- 6.1.5.4. SWOT Analysis
- 6.1.6. Wartsila Oyj ABP (Finland)
- 6.1.6.1. Business Overview
- 6.1.6.2. Products/Services Offerings
- 6.1.6.3. Financial Analysis
- 6.1.6.4. SWOT Analysis
- 6.1.7. AB Volvo Penta (Sweden)
- 6.1.7.1. Business Overview
- 6.1.7.2. Products/Services Offerings
- 6.1.7.3. Financial Analysis
- 6.1.7.4. SWOT Analysis
- 6.1.8. Navis Engineering (Finland)
- 6.1.8.1. Business Overview
- 6.1.8.2. Products/Services Offerings
- 6.1.8.3. Financial Analysis
- 6.1.8.4. SWOT Analysis
- 6.1.9. Marine Technologies (India)
- 6.1.9.1. Business Overview
- 6.1.9.2. Products/Services Offerings
- 6.1.9.3. Financial Analysis
- 6.1.9.4. SWOT Analysis
- 6.1.10. Praxis Automation & Technology (Netherlands)
- 6.1.10.1. Business Overview
- 6.1.10.2. Products/Services Offerings
- 6.1.10.3. Financial Analysis
- 6.1.10.4. SWOT Analysis
- 6.1.1. Kongsberg Gruppen ASA (Norway)
- 6.1. Company Profile
- 7. Global Dynamic Positioning System Sale, by Application, Reference System, End User Vessel, Component , Equipment Class and Region (value) (2025-2030)
- 7.1. Introduction
- 8. Appendix
- 8.1. Acronyms
- 9. Methodology and Data Source
- 9.1. Methodology/Research Approach
- 9.1.1. Research Programs/Design
- 9.1.2. Market Size Estimation
- 9.1.3. Market Breakdown and Data Triangulation
- 9.2. Data Source
- 9.2.1. Secondary Sources
- 9.2.2. Primary Sources
- 9.3. Disclaimer
- 9.1. Methodology/Research Approach
List of Tables
- Table 1. Company Basic Information, Sales Area and Its Competitors
- Table 2. Company Basic Information, Sales Area and Its Competitors
- Table 3. Company Basic Information, Sales Area and Its Competitors
- Table 4. Company Basic Information, Sales Area and Its Competitors
- Table 5. Company Basic Information, Sales Area and Its Competitors
- Table 6. Company Basic Information, Sales Area and Its Competitors
- Table 7. Company Basic Information, Sales Area and Its Competitors
- Table 8. Company Basic Information, Sales Area and Its Competitors
- Table 9. Company Basic Information, Sales Area and Its Competitors
- Table 10. Company Basic Information, Sales Area and Its Competitors
- Table 11. Research Programs/Design for This Report
- Table 12. Key Data Information from Secondary Sources
- Table 13. Key Data Information from Primary Sources
List of Figures
- Figure 1. Porters Five Forces
- Figure 2. Supply/Value Chain
- Figure 3. PESTEL analysis
- Figure 4. Kongsberg Gruppen ASA (Norway) Revenue, Net Income and Gross profit
- Figure 5. Kongsberg Gruppen ASA (Norway) Revenue: by Geography 2023
- Figure 6. ABB Group (Switzerland) Revenue, Net Income and Gross profit
- Figure 7. ABB Group (Switzerland) Revenue: by Geography 2023
- Figure 8. L-3 Communications Holdings, Inc. (U.S.) Revenue, Net Income and Gross profit
- Figure 9. L-3 Communications Holdings, Inc. (U.S.) Revenue: by Geography 2023
- Figure 10. Wartsila Oyj Abp (Finland) Revenue, Net Income and Gross profit
- Figure 11. Wartsila Oyj Abp (Finland) Revenue: by Geography 2023
- Figure 12. General Electric (United States) Revenue, Net Income and Gross profit
- Figure 13. General Electric (United States) Revenue: by Geography 2023
- Figure 14. Wartsila Oyj ABP (Finland) Revenue, Net Income and Gross profit
- Figure 15. Wartsila Oyj ABP (Finland) Revenue: by Geography 2023
- Figure 16. AB Volvo Penta (Sweden) Revenue, Net Income and Gross profit
- Figure 17. AB Volvo Penta (Sweden) Revenue: by Geography 2023
- Figure 18. Navis Engineering (Finland) Revenue, Net Income and Gross profit
- Figure 19. Navis Engineering (Finland) Revenue: by Geography 2023
- Figure 20. Marine Technologies (India) Revenue, Net Income and Gross profit
- Figure 21. Marine Technologies (India) Revenue: by Geography 2023
- Figure 22. Praxis Automation & Technology (Netherlands) Revenue, Net Income and Gross profit
- Figure 23. Praxis Automation & Technology (Netherlands) Revenue: by Geography 2023
List of companies from research coverage that are profiled in the study
- Kongsberg Gruppen ASA (Norway)
- ABB Group (Switzerland)
- L-3 Communications Holdings, Inc. (U.S.)
- Wartsila Oyj Abp (Finland)
- General Electric (United States)
- Wartsila Oyj ABP (Finland)
- AB Volvo Penta (Sweden)
- Navis Engineering (Finland)
- Marine Technologies (India)
- Praxis Automation & Technology (Netherlands)
Additional players considered in the study are as follows:
Moxa Inc. (United States)
,
Mitsui Energing & Shipbuilding (Japan)
,
Guidance Navigation (United Kingdom)
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Key Highlights of Report
Jan 2024
211 Pages
96 Tables
Base Year: 2023
Coverage: 15+ Companies; 18 Countries
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"We employ Market statistics, Industry benchmarking, Patent analysis, and Technological Insights to derive requirements and provide customize scope of work."
Frequently Asked Questions (FAQ):
The standard version of the report profiles players such as Kongsberg Gruppen ASA (Norway), ABB Group (Switzerland), L-3 Communications Holdings, Inc. (U.S.), Wartsila Oyj Abp (Finland), General Electric (United States), Wartsila Oyj ABP (Finland), AB Volvo Penta (Sweden), Navis Engineering (Finland), Marine Technologies (India) and Praxis Automation & Technology (Netherlands) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Rising Use of Dynamic Positioning System in Floating production storage and offloading" is seen as one of major influencing trends for Dynamic Positioning System Market during projected period 2023-2030.
The Dynamic Positioning System market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.
Analysts at AMA estimates Dynamic Positioning System Market to reach USD1.99 Billion by 2030.