23 June 2025, 04:19 PM
The global dynamic positioning system market was valued at USD 8.49 billion in 2023 and is expected to grow from USD 9.33 billion in 2024 to USD 17.48 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period. In 2023, Asia Pacific emerged as the leading region, accounting for a dominant 37.34% share of the market.
The dynamic positioning system market is experiencing steady growth, driven by increasing demand across offshore, marine, and energy sectors. These systems play a critical role in maintaining the position and heading of vessels using advanced computer-controlled systems and sensor technologies. Market expansion is supported by rising offshore exploration activities, technological advancements, and growing investments in maritime automation. With favorable market dynamics and increasing adoption across various regions, the industry is expected to witness substantial growth over the coming years.
Fortune Business Insights presents this information in its report, "Dynamic Positioning System Market Size, Share, 2024–2032."
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https://www.fortunebusinessinsights.com/...ket-103535
List of Key Players Profiled in the Dynamic Positioning System Market Report
DP Control Systems Led the Market with Their Increased Adoption in New Builds and Retro Fits for Vessels
By sub-system, the dynamic positioning system market is segregated into power system, thruster system, and DP control system. DP control system led the market as it comprises a series of hardware, software, and systems that keep a vessel in position. Rising demand for DP control systems in new builds and retro fits for vessels boosting segment growth.
Position Reference Sensors Commanded the Market Owing to Their Precision in Monitoring a Ship’s Horizontal Movements
On the basis of sensors, the market is categorized into position reference sensors, wind sensors, motion sensors, and gyro compass. Position reference sensors commanded the global market, owing to their precision in monitoring a ship’s movements on the horizontal plane and location. Integrated into DP systems, they enable automated control over the ship’s surge and sway, enhancing stability and maneuverability.
Growing Focus on Preventing a Single Fault in an Active System Boosted the Demand for Class 2 Equipment
In terms of equipment type, the market is classified into class 1, class 2, and class 3. The class 2 segment dominated the global market, driven by advancements in equipment and improved redundancy systems that safeguard against single-point failures, ensuring continuous position and heading control. With ongoing system upgrades, this segment is poised for further growth.
New Builds Dominated the Market Due to Rising Production of New Ships by OEMs Across Commercial and Defense Sectors
On the basis of solution, the dynamic positioning system market is bifurcated into new builds and retro fits. The new builds segment took the lead in the global market, driven by the rising production of new ships by OEMs across commercial and defense sectors, unlocking profitable prospects. In September 2022, Kongsberg Digital delivered DP simulators to MOL Marine & Engineering, enabling MOL’s Tokyo-based training center to become Japan’s first NI-accredited facility for dynamic positioning courses.
Rising Emphasis on Maintaining Precise Positioning in Marine Environments Boosted DPS Adoption in Commercial Vessels
In terms of application, the market is divided into commercial and military. The commercial segment captured the highest dynamic positioning system market share as DP systems play a key role in offshore vessels, pipelay, cable lay, trenching, and dredging, ensuring operational stability by maintaining precise positioning in marine environments.
From the regional ground, the market is classified into North America, Europe, Asia Pacific, and Rest of the World.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/...ket-103535
The dynamic positioning system market is experiencing steady growth, driven by increasing demand across offshore, marine, and energy sectors. These systems play a critical role in maintaining the position and heading of vessels using advanced computer-controlled systems and sensor technologies. Market expansion is supported by rising offshore exploration activities, technological advancements, and growing investments in maritime automation. With favorable market dynamics and increasing adoption across various regions, the industry is expected to witness substantial growth over the coming years.
Fortune Business Insights presents this information in its report, "Dynamic Positioning System Market Size, Share, 2024–2032."
Get A Free Sample PDF:
https://www.fortunebusinessinsights.com/...ket-103535
List of Key Players Profiled in the Dynamic Positioning System Market Report
- Kongsberg Gruppen (Norway)
- Wartsila (Finland)
- ABB Group (Switzerland)
- Elcome International LLC (Dubai)
- B. Volvo (Sweden)
- Rolls Royce PLC (U.K.)
- Navis Engineering (Finland)
- Praxis Automation Technology B.V. (Netherlands)
- Thrustmaster of Texas (U.S.)
- Royal IHC (Netherlands)
DP Control Systems Led the Market with Their Increased Adoption in New Builds and Retro Fits for Vessels
By sub-system, the dynamic positioning system market is segregated into power system, thruster system, and DP control system. DP control system led the market as it comprises a series of hardware, software, and systems that keep a vessel in position. Rising demand for DP control systems in new builds and retro fits for vessels boosting segment growth.
Position Reference Sensors Commanded the Market Owing to Their Precision in Monitoring a Ship’s Horizontal Movements
On the basis of sensors, the market is categorized into position reference sensors, wind sensors, motion sensors, and gyro compass. Position reference sensors commanded the global market, owing to their precision in monitoring a ship’s movements on the horizontal plane and location. Integrated into DP systems, they enable automated control over the ship’s surge and sway, enhancing stability and maneuverability.
Growing Focus on Preventing a Single Fault in an Active System Boosted the Demand for Class 2 Equipment
In terms of equipment type, the market is classified into class 1, class 2, and class 3. The class 2 segment dominated the global market, driven by advancements in equipment and improved redundancy systems that safeguard against single-point failures, ensuring continuous position and heading control. With ongoing system upgrades, this segment is poised for further growth.
New Builds Dominated the Market Due to Rising Production of New Ships by OEMs Across Commercial and Defense Sectors
On the basis of solution, the dynamic positioning system market is bifurcated into new builds and retro fits. The new builds segment took the lead in the global market, driven by the rising production of new ships by OEMs across commercial and defense sectors, unlocking profitable prospects. In September 2022, Kongsberg Digital delivered DP simulators to MOL Marine & Engineering, enabling MOL’s Tokyo-based training center to become Japan’s first NI-accredited facility for dynamic positioning courses.
Rising Emphasis on Maintaining Precise Positioning in Marine Environments Boosted DPS Adoption in Commercial Vessels
In terms of application, the market is divided into commercial and military. The commercial segment captured the highest dynamic positioning system market share as DP systems play a key role in offshore vessels, pipelay, cable lay, trenching, and dredging, ensuring operational stability by maintaining precise positioning in marine environments.
From the regional ground, the market is classified into North America, Europe, Asia Pacific, and Rest of the World.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/...ket-103535