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
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
Table of Contents
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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