Dynamic Positioning System Market Share

Global Dynamic Positioning System Market Overview

Dynamic Positioning System Market Size was valued at USD 1957.84 Million in 2023. The Dynamic Positioning System Market industry is projected to grow from USD 2065.5212 Million in 2024 to USD 3,169.47 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.49% during the forecast period (2024 - 2032). The Dynamic Positioning System Market is expected to grow significantly over the forecast period due to several factors. The growth of the Dynamic Positioning System Market is expected to be driven by key factors such as rising focus on safety and efficiency drives the demand for dynamic positioning systems in maritime operations and increase in seaborne trade across the globe. However, factors such as high initial investment and operational costs restrict the adoption of dynamic positioning systems and complex systems are difficult to run by inexperienced operators are expected to restrict market growth. On the other hand, growing offshore renewable energy sector offers promising opportunities for dynamic positioning system market and growing autonomous shipping industry pose lucrative opportunities for the global market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

• Increase in Seaborne Trade Across the Globe

Dry bulk ships, containerships, and oil tankers comprise the global fleet that transports seaborne cargo. Each vessel type specializes in distinct product classes and can be divided into two types: those that run on fixed itineraries, like buses, and those that operate on flexible routes, similar to taxis. Containerships are classified as part of the first category, whereas gas/oil tankers and dry bulk ships are classified as part of the second.

Dry bulk ships are the primary form of transportation for commodities such as grain, ore, and coal, accounting for over half of seaborne trade and 45% of the total global fleet. They take flexible itineraries and are hence known as "ocean taxis”. The amount of bulk cargo handled and moved by maritime routes around the world has grown over time because ships are more cost effective than other modes of transportation. This, in turn, has resulted in an increase in worldwide seaborne trade. According to the International Chamber of Shipping, 90% of the world's trade is carried out by sea routes in 2019 since freight charges are competitive and excellent for the transportation of heavy items and goods in bulk.

According to the United Nations Conference on Trade and Development (UNCTAD), global seaborne trade reached approximately 12.8 billion tons in 2019 as a result of rising global population, rising global GDP, rising disposable incomes, particularly in Asian countries, and rising living standards. As a result, commodities movement by water is likely to fuel demand for shipbuilding, leading to an increase in demand for DPS.

Dynamic Positioning System Market Subsystem Insights

Based on Subsystem, the Dynamic Positioning System Market segmentation includes Control System, Thruster System, Power System and Others. The Control System segment held the majority share in 2022, contributing around ~41.3% to the market revenue. A control system enables a vessel to maintain its position and head automatically. It utilizes a combination of sensors, computer systems, and thrusters to counteract external forces such as wind, waves, and currents, ensuring the vessel stays in a desired location. The control system continuously receives information from position reference sensors, wind sensors, motion sensors, and gyrocompasses to calculate the necessary steering angles and thruster outputs for each thruster. The control system in dynamic positioning is essential for various applications, including offshore drilling, cable-laying vessels, cruise ships, research vessels, and many others. It allows for precise maneuverability and positioning, even in challenging conditions, making it a valuable tool in the maritime industry.

A power system refers to the generation and distribution of electrical power required to operate a vessel's propulsion and manoeuvring thrusters. It is one of the key sub-systems of a DP system. An ideal DP power system is designed to provide reliable and uninterrupted power to the thrusters even during failure conditions. It typically consists of multiple diesel generator sets which feed busbars and switchboards. The switchboards then distribute power to electric propulsion motors and thruster drives. The DP control system monitors the power system to ensure adequate power from the generators to maintain the vessel's position as required by environmental conditions. Having redundant power sources is crucial for dynamic positioning operations to withstand single generator or busbar failures.

Figure 1: Dynamic Positioning System Market, by Component, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Dynamic Positioning System Market Equipment Class Insights

Based on Equipment Class, the Dynamic Positioning System Market segmentation includes Class 1, Class 2 and Class 3. The Class 2 segment held the majority share in 2022 contributing around ~49.3% to the market revenue. Class 2 are designed for vessels that operate in more demanding environments. These systems have a redundant capability, meaning they can automatically compensate for equipment failures, ensuring the vessel's position is precisely maintained. Class 2 DP systems are required for operations in areas with more challenging weather conditions or critical operations. They provide increased reliability and safety compared to Class 1 systems, making them suitable for offshore construction, seismic surveys, and offshore supply vessels.

Class 1 Dynamic Positioning (DP) systems are designed for vessels that require position-keeping capabilities under normal weather conditions. These systems have a single failure tolerance, meaning that the system should remain operational and maintain its position in the event of a single failure. Class 1 DP systems generally have essential redundancy and are typically used in benign environments where failure poses no significant risk to human life or the environment. They are commonly used in offshore drilling, pipe laying, and diving operations.

Dynamic Positioning System Market Application Insights

Based on the Application, the Dynamic Positioning System Market segmentation includes Merchant Vessels, Passenger Vessels, Naval Vessels and Offshore Vessels. The Offshore Vessels segment hold the majority market share in 2022 contributing 49.4% of the market share. DPS significantly benefits offshore activities such as drilling, subsea construction, cable laying, and offshore platform maintenance. Firstly, it enhances safety by eliminating the need for anchors, reducing the risk of anchor dragging or damage to sensitive seafloor structures. This is especially crucial in harsh weather conditions or deep-water environments. Secondly, DPS allows for precise maneuvering and positioning, essential for intricate operations such as connecting subsea pipelines or conducting delicate repairs. It enables more efficient and accurate processes, reducing downtime and costs. Additionally, DPS allows vessels to maintain a fixed position during offshore drilling operations, ensuring precise wellbore placement. This is vital for optimizing hydrocarbon extraction and reducing environmental risks.

Naval operations enable precise positioning of vessels during sensitive processes such as mine clearance, underwater exploration, or launching and recovering unmanned vehicles. DPS enhances vessel stability, allowing for more accurate and stable weapon deployment increasing the accuracy of missile launches or naval gunfire support. Moreover, DPS improves the safety and effectiveness of maritime operations in challenging environmental conditions by compensating for wind, wave, and current effects. This technology allows vessels to stay on station during adverse weather conditions, making it valuable in search and rescue missions, offshore patrols, or extended surveillance operations. Overall, applying dynamic positioning systems in naval vessels provides enhanced operational capabilities, increased safety, and improved efficiency in accomplishing various naval tasks, contributing to the overall effectiveness of the maritime force.

Dynamic Positioning System Market Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and latin America. In terms of revenue, Asia Pacific held the largest share of 56.2% in the Dynamic Positioning System Market in 2022 and is expected to maintain its dominance during the forecast period. Asia Pacific is the largest market for Dynamic Positioning System Market. The Asia-Pacific region is expected to hold a significant share of the dynamic positioning system market during the forecast period. This is due to the increasing offshore exploration and production activities in China, India, Indonesia, Malaysia, and Australia. The growing demand for energy and rapid industrialization fuel offshore oil and gas exploration projects in the region. Additionally, the rising maritime trade and transportation across countries is propelling the growth of the offshore support vessel fleet in Asia-Pacific. The increasing investments by regional governments to develop offshore wind farms and expand their naval fleets are also driving the demand for dynamic positioning systems. Technological advancements in dynamic positioning control systems and the implementation of regulations regarding navigation safety are some of the key factors expected to boost the Asia-Pacific dynamic positioning system market.

Figure 2: DYNAMIC POSITIONING SYSTEM MARKET SIZE BY REGION 2022&2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

North America mainly implements and utilizes dynamic positioning systems in maritime operations. Its significant contribution to the region's offshore industry sets the North America Dynamic Positioning Market apart. This market supports various offshore activities such as oil and gas exploration, offshore wind farms, and research operations. With its vast coastlines and abundant offshore resources, North America offers immense potential for dynamic positioning applications. The market's uniqueness lies in its advanced technologies, stringent safety regulations, and skilled workforce. North American companies are known for their expertise in developing cutting-edge, dynamic positioning systems that ensure precise control and positioning of vessels in challenging offshore environments. Moreover, the region's environmental consciousness has led to the creation of dynamic positioning systems that minimize the impact on marine ecosystems. Additionally, the market is driven by a strong demand for energy resources, both traditional and renewable, making dynamic positioning a critical component of offshore operations.

Europe Dynamic Positioning System DPS market emphasis on innovation and advanced technological solutions. European countries have a rich maritime history, and their expertise in shipbuilding, offshore operations, and naval technology has fostered the growth of the DP market. The region has several leading DP system manufacturers, service providers, and operators. European DP systems are known for their reliability, safety features, and compliance with stringent regulatory standards. With a focus on sustainability and environmental protection, Europe develops green DP technologies and integrates renewable energy sources in vessel operations. The Europe DP market benefits from diverse applications, including offshore oil and gas exploration, renewable energy projects, research vessels, and cruise ships. The collaborative efforts among European engineers, shipyards, and technology developers ensure continuous advancements in DP technology, making Europe a significant player in the global DP market.

The Middle East and Africa region has seen significant growth in the dynamic positioning system market due to rising offshore exploration and production activities in the oil gas industry. The discovery of new oil and gas reserves and investments in offshore infrastructure development projects drive demand for dynamic positioning systems in the region. Improving economies, growing populations, and increasing energy needs have led to more offshore drilling initiatives. This has propelled the demand for advanced dynamic positioning systems to carry out offshore operations safely. Additionally, government efforts to diversify economies away from oil and boost investments in other industries like renewable energy and shipping are expected to stimulate market growth further. Overall, the expanding offshore sector across Middle Eastern and African countries will continue promoting the adoption of dynamic positioning systems.

With a strong presence across different verticals and geographies, the Dynamic Positioning System Market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their Control Systems to meet the evolving needs of businesses by adopting new technologies to make business more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The Dynamic Positioning System Market is highly competitive, with many vendors offering similar products and services.

The major players in the market include Kongsberg Maritime (Kongsberg Gruppen), General Electric, ABB Ltd., L3Harris Technologies, Inc., Wärtsilä, Marine, Technologies, LLC, Navis Engineering, Rolls-Royce Holdings PLC, NORR Systems AS, Bosch Rexroth AG and Others. General Electric has been implementing various strategies to enhance its position in the market. General Electric key strategy is to leverage strategic partnerships and continuous technological advancements to provide cutting-edge, reliable, and efficient dynamic positioning systems that meet the evolving needs of the marine industry, while maintaining a strong focus on customer satisfaction and sustainability.

The Dynamic Positioning System Market is a consolidated market due to increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Dynamic Positioning System Market include.

• Kongsberg Maritime (Kongsberg Gruppen)


• General Electric


• ABB Ltd.


• L3Harris Technologies, Inc.


• Wärtsilä


• Marine Technologies, LLC


• Navis Engineering


• Rolls-Royce Holdings PLC


• NORR Systems AS


• Bosch Rexroth AG

Dynamic Positioning System Market Industry Developments

• In April 2022, Rolls-Royce has launched a new range of MTU Nautiq products incorporating Sea Machines technology to provide intelligent crew support systems for the marine industry. The integration of Sea Machines' autonomous technology with Rolls-Royce's MTU Nautiq products will enable vessels to operate with increased efficiency, safety, and reliability, while also reducing operating costs.


• In July 2023, L3Harris Technologies has completed its acquisition of Aerojet Rocketdyne, a leading supplier of propulsion systems for the aerospace and defense industries. The acquisition is expected to strengthen the defense industrial base and promote competition in the sector.

Dynamic Positioning System Market Segmentation

Dynamic Positioning System Market Subsystem Outlook

• Control System


• Thruster System


• Power System


• Others

Dynamic Positioning System Market Equipment Class Outlook

• Class 1


• Class 2


• Class 3

Dynamic Positioning System Market Application Outlook

• Merchant Vessels


• Passenger Vessels


• Naval Vessels


• Offshore Vessels

Dynamic Positioning System Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Russia
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Argentina
  
  
  • Rest of Latin America