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Dynamic Positioning Systems Market

Dynamic Positioning Systems Market Forecasts to 2028 – Global Analysis By Type (Conventional, Next-generation), End User (Aftermarket, Original Equipment Manufacturer (OEM)) and By Geography

4.7 (19 reviews)
Published: September 2021 ID: SMRC20925
4.7 (19 reviews)
Published: September 2021 ID: SMRC20925

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Dynamic Positioning Systems Market is accounted for $5.64 billion in 2020 and is expected to reach $13.75 billion by 2028 growing at a CAGR of 11.8% during the forecast period. High growth rate of the offshore shipping industry and increasing demand for dynamic positioning system across the globe, technological improvements in monitoring are the major factors propelling the market growth. However, scarcity of reliable communication & complexity in system and high implementation cost of system are hampering the market growth.

Dynamic positioning system is the system that is controlled by the computer to maintain automatically the position of a vessel. It uses options such as power systems, thruster systems, DPS control systems, and sensors for the balancing and heading of the vessel. Vessels installed with dynamic positioning systems have ability to operate with reliability, positioning accuracy, and safety. Dynamic positioning system includes position reference sensors, combined with motion sensors, wind sensors, and gyrocompasses which provide information to the computer system about the position, magnitude and direction of environment forces in order to maintain vessels position and balance.

Based on type, the next-generation segment is estimated to have a lucrative growth due to increasing inclination and developments in the autonomous vessels. There are countries in many regions who are working on project to bring autonomous vessels into the commercial market. The dynamic positioning systems are essential for autonomous vessels because of the minimalistic human intervention which gives rise to higher chances of error that could lead to accidents. Owing to this, the ship owners and OEM manufacturers are working on next generation dynamic positioning system for autonomous vessels. Therefore, this will be the major factor to drive growth of this segment.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing investments in offshore shipping industry and rising recreational water activities in New Zealand. The growth of the shipbuilding industry in Asia Pacific is one of the most significant factors contributing to the demand for ships with increasing seaborne trade in the region.

Some of the key players profiled in the Dynamic Positioning Systems Market include AB Volvo Penta, ABB Group, Comex, General Electric, Kongsberg Gruppen ASA, L-3 Communications Holdings, Inc, Marine Technologies LLC, Mitsui Energing & Shipbuilding, Moxa Inc, Navis Engineering, NORR Systems, Norr Systems Pte Ltd, Praxis Automation & Technology, Reyga, Rolls Royce PLC, Sonardyne, Twin Disc, and Wartsila Oyj Abp.
 
Types Covered:
• Conventional
• Next-generation

Reference Systems Covered:
• Artemis
• Disparity Global Positioning System
• Hydro Acoustic Position Reference
• Laser-Based Systems
• Taut Wire

Fit Types Covered:
• Line Fit
• Retro Fit

Equipment Types Covered:
• Class 1
• Class 2
• Class 3

Subsystems Covered:
• Dynamic Positioning (DP) Control Systems
• Environmental & Motion Sensors
• Operator Control Stations
• Position Reference and Tracking System
• Power Systems, Motors, and Drives
• Thruster System

Applications Covered:
• Passenger Vessels
• Platform Supply Vessel/Offshore Support Vessels
• Naval Vessels and Operations
• Merchant Vessel

End Users Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary       
         
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Application Analysis     
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Dynamic Positioning Systems Market, By Type   
 5.1 Introduction      
 5.2 Conventional      
 5.3 Next-generation      
         
6 Global Dynamic Positioning Systems Market, By Reference System  
 6.1 Introduction      
 6.2 Artemis       
 6.3 Disparity Global Positioning System    
 6.4 Hydro Acoustic Position Reference    
 6.5 Laser-Based Systems     
 6.6 Taut Wire      
         
7 Global Dynamic Positioning Systems Market, By Fit Type   
 7.1 Introduction      
 7.2 Line Fit       
 7.3 Retro Fit       
         
8 Global Dynamic Positioning Systems Market, By Equipment Type  
 8.1 Introduction      
 8.2 Class 1       
 8.3 Class 2       
 8.4 Class 3       
         
9 Global Dynamic Positioning Systems Market, By Subsystem   
 9.1 Introduction      
 9.2 Dynamic Positioning (DP) Control Systems   
 9.3 Environmental & Motion Sensors    
 9.4 Operator Control Stations     
 9.5 Position Reference and Tracking System    
 9.6 Power Systems, Motors, and Drives    
 9.7 Thruster System      
         
10 Global Dynamic Positioning Systems Market, By Application   

 10.1 Introduction      
 10.2 Passenger Vessels      
  10.2.1 Mega Yachts     
  10.2.2 Cruise Ships     
 10.3 Platform Supply Vessel/Offshore Support Vessels   
  10.3.1 Cable Laying Vessels    
  10.3.2 Pipe Laying Vessels     
  10.3.3 Dredgers      
  10.3.4 Drill      
  10.3.5 Floating Production     
  10.3.6 Shuttle Tanker     
 10.4 Naval Vessels and Operations     
  10.4.1 Mine Sweepers     
  10.4.2 Survey ships     
 10.5 Merchant Vessel      
  10.5.1 Shuttle Tankers     
  10.5.2 Container Vessels     
  10.5.3 Bulk Carriers     
         
11 Global Dynamic Positioning Systems Market, By End User   
 11.1 Introduction      
 11.2 Aftermarket      
 11.3 Original Equipment Manufacturer (OEM)    
         
12 Global Dynamic Positioning Systems Market, By Geography   
 12.1 Introduction      
 12.2 North America      
  12.2.1 US       
  12.2.2 Canada      
  12.2.3 Mexico      
 12.3 Europe       
  12.3.1 Germany      
  12.3.2 UK      
  12.3.3 Italy      
  12.3.4 France      
  12.3.5 Spain      
  12.3.6 Rest of Europe     
 12.4 Asia Pacific      
  12.4.1 Japan       
  12.4.2 China      
  12.4.3 India      
  12.4.4 Australia      
  12.4.5 New Zealand     
  12.4.6 South Korea     
  12.4.7 Rest of Asia Pacific     
 12.5 South America      
  12.5.1 Argentina     
  12.5.2 Brazil      
  12.5.3 Chile       
  12.5.4 Rest of South America    
 12.6 Middle East & Africa     
  12.6.1 Saudi Arabia     
  12.6.2 UAE      
  12.6.3 Qatar      
  12.6.4 South Africa     
  12.6.5 Rest of Middle East & Africa    
         
13 Key Developments       
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 13.2 Acquisitions & Mergers     
 13.3 New Product Launch     
 13.4 Expansions      
 13.5 Other Key Strategies     
         
14 Company Profiling       
 14.1 AB Volvo Penta       
 14.2 ABB Group      
 14.3 Comex        
 14.4 General Electric      
 14.5 Kongsberg Gruppen ASA     
 14.6 L-3 Communications Holdings, Inc    
 14.7 Marine Technologies LLC     
 14.8 Mitsui Energing & Shipbuilding    
 14.9 Moxa Inc       
 14.10 Navis Engineering      
 14.11 NORR Systems      
 14.12 Norr Systems Pte Ltd     
 14.13 Praxis Automation & Technology    
 14.14 Reyga       
 14.15 Rolls Royce PLC      
 14.16 Sonardyne      
 14.17 Twin Disc       
 14.18 Wartsila Oyj Abp      


List of Tables        
1 Global Dynamic Positioning Systems Market Outlook, By Region (2019-2028) ($MN) 
2 Global Dynamic Positioning Systems Market Outlook, By Type (2019-2028) ($MN) 
3 Global Dynamic Positioning Systems Market Outlook, By Conventional (2019-2028) ($MN)
4 Global Dynamic Positioning Systems Market Outlook, By Next-generation (2019-2028) ($MN)
5 Global Dynamic Positioning Systems Market Outlook, By Reference System (2019-2028) ($MN)
6 Global Dynamic Positioning Systems Market Outlook, By Artemis (2019-2028) ($MN)
7 Global Dynamic Positioning Systems Market Outlook, By Disparity Global Positioning System (2019-2028) ($MN)
8 Global Dynamic Positioning Systems Market Outlook, By Hydro Acoustic Position Reference (2019-2028) ($MN)
9 Global Dynamic Positioning Systems Market Outlook, By Laser-Based Systems (2019-2028) ($MN)
10 Global Dynamic Positioning Systems Market Outlook, By Taut Wire (2019-2028) ($MN)
11 Global Dynamic Positioning Systems Market Outlook, By Fit Type (2019-2028) ($MN)
12 Global Dynamic Positioning Systems Market Outlook, By Line Fit (2019-2028) ($MN)
13 Global Dynamic Positioning Systems Market Outlook, By Retro Fit (2019-2028) ($MN)
14 Global Dynamic Positioning Systems Market Outlook, By Equipment Type (2019-2028) ($MN)
15 Global Dynamic Positioning Systems Market Outlook, By Class 1 (2019-2028) ($MN) 
16 Global Dynamic Positioning Systems Market Outlook, By Class 2 (2019-2028) ($MN) 
17 Global Dynamic Positioning Systems Market Outlook, By Class 3 (2019-2028) ($MN) 
18 Global Dynamic Positioning Systems Market Outlook, By Subsystem (2019-2028) ($MN)
19 Global Dynamic Positioning Systems Market Outlook, By Dynamic Positioning (DP) Control Systems (2019-2028) ($MN)
20 Global Dynamic Positioning Systems Market Outlook, By Environmental & Motion Sensors (2019-2028) ($MN)
21 Global Dynamic Positioning Systems Market Outlook, By Operator Control Stations (2019-2028) ($MN)
22 Global Dynamic Positioning Systems Market Outlook, By Position Reference and Tracking System (2019-2028) ($MN)
23 Global Dynamic Positioning Systems Market Outlook, By Power Systems, Motors, and Drives (2019-2028) ($MN)
24 Global Dynamic Positioning Systems Market Outlook, By Thruster System (2019-2028) ($MN)
25 Global Dynamic Positioning Systems Market Outlook, By Application (2019-2028) ($MN)
26 Global Dynamic Positioning Systems Market Outlook, By Passenger Vessels (2019-2028) ($MN)
27 Global Dynamic Positioning Systems Market Outlook, By Mega Yachts (2019-2028) ($MN)
28 Global Dynamic Positioning Systems Market Outlook, By Cruise Ships (2019-2028) ($MN)
29 Global Dynamic Positioning Systems Market Outlook, By Platform Supply Vessel/Offshore Support Vessels (2019-2028) ($MN)
30 Global Dynamic Positioning Systems Market Outlook, By Cable Laying Vessels (2019-2028) ($MN)
31 Global Dynamic Positioning Systems Market Outlook, By Pipe Laying Vessels (2019-2028) ($MN)
32 Global Dynamic Positioning Systems Market Outlook, By Dredgers (2019-2028) ($MN)
33 Global Dynamic Positioning Systems Market Outlook, By Drill (2019-2028) ($MN) 
34 Global Dynamic Positioning Systems Market Outlook, By Floating Production (2019-2028) ($MN)
35 Global Dynamic Positioning Systems Market Outlook, By Shuttle Tanker (2019-2028) ($MN)
36 Global Dynamic Positioning Systems Market Outlook, By Naval Vessels and Operations (2019-2028) ($MN)
37 Global Dynamic Positioning Systems Market Outlook, By Mine Sweepers (2019-2028) ($MN)
38 Global Dynamic Positioning Systems Market Outlook, By Survey ships (2019-2028) ($MN)
39 Global Dynamic Positioning Systems Market Outlook, By Merchant Vessel (2019-2028) ($MN)
40 Global Dynamic Positioning Systems Market Outlook, By Shuttle Tankers (2019-2028) ($MN)
41 Global Dynamic Positioning Systems Market Outlook, By Container Vessels (2019-2028) ($MN)
42 Global Dynamic Positioning Systems Market Outlook, By Bulk Carriers (2019-2028) ($MN)
43 Global Dynamic Positioning Systems Market Outlook, By End User (2019-2028) ($MN)
44 Global Dynamic Positioning Systems Market Outlook, By Aftermarket (2019-2028) ($MN)
45 Global Dynamic Positioning Systems Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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