Dynamic Positioning System Trends and Forecast
The future of the global dynamic positioning system market looks promising with opportunities in the passenger vessel, merchant vessel, platform supply vessel/offshore support vessel, and naval vessel & operation markets. The global dynamic positioning system market is expected to reach an estimated $11.9 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are expanding activities within the offshore shipping sector, rising global maritime trade, and rapid expansion of oil and gas refinery.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dynamic Positioning System by Segment
The study includes a forecast for the global dynamic positioning system by component, equipment type, application, and region.
Dynamic Positioning System Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Power System
• DP Control System
• Thruster System
Dynamic Positioning System Market by Equipment Type [Shipment Analysis by Value from 2018 to 2030]:
• Class 1
• Class 2
• Class 3
Dynamic Positioning System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Vessels
• Merchant Vessels
• Platform Supply Vessels/Offshore Support Vessels
• Naval Vessels & Operations
• Others
Dynamic Positioning System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dynamic Positioning System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dynamic positioning system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dynamic positioning system companies profiled in this report include-
• Moxa
• Kongsberg Gruppen
• Navis Engineering
• Praxis Automation Technology
• General Electric
• Norr Systems
• ABB
• Marine Technologies
• Wärtsilä
• Rolls-Royce
Dynamic Positioning System Market Insights
Lucintel forecasts that power system is expected to witness the highest growth over the forecast period.
Within this market, merchant vessel is expected to witness the highest growth over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Dynamic Positioning System Market
Market Size Estimates: Dynamic positioning system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dynamic positioning system market size by component, equipment type, application, and region in terms of value ($B).
Regional Analysis: Dynamic positioning system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, equipment types, applications, and regions for the dynamic positioning system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dynamic positioning system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dynamic positioning system market size?
Answer: The global dynamic positioning system market is expected to reach an estimated $11.9 billion by 2030.
Q2. What is the growth forecast for dynamic positioning system market?
Answer: The global dynamic positioning system market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dynamic positioning system market?
Answer: The major drivers for this market are expanding activities within the offshore shipping sector, rising global maritime trade, and rapid expansion of oil and gas refinery.
Q4. What are the major segments for dynamic positioning system market?
Answer: The future of the dynamic positioning system market looks promising with opportunities in the passenger vessel, merchant vessel, platform supply vessel/offshore support vessel, and naval vessel & operation markets.
Q5. Who are the key dynamic positioning system market companies?
Answer: Some of the key dynamic positioning system companies are as follows:
• Moxa
• Kongsberg Gruppen
• Navis Engineering
• Praxis Automation Technology
• General Electric
• Norr Systems
• ABB
• Marine Technologies
• Wärtsilä
• Rolls-Royce
Q6. Which dynamic positioning system market segment will be the largest in future?
Answer: Lucintel forecasts that power system is expected to witness the highest growth over the forecast period.
Q7. In dynamic positioning system market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dynamic positioning system market by component (power system, DP control system, and thruster system), equipment type (class 1, class 2, and class 3), application (passenger vessels, merchant vessels, platform supply vessels/offshore support vessels, naval vessels & operations, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dynamic Positioning System Market, Dynamic Positioning System Market Size, Dynamic Positioning System Market Growth, Dynamic Positioning System Market Analysis, Dynamic Positioning System Market Report, Dynamic Positioning System Market Share, Dynamic Positioning System Market Trends, Dynamic Positioning System Market Forecast, Dynamic Positioning System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.