Dynamic Positioning Systems Market

Dynamic Positioning Systems Market by Equipment type (Class 1, class 2, class 3), Application (Bulk Carrier, Gas Tanker, Ferries, Cruise, Amphibious, Destroyer, Frigate), End use (OEM, Retrofit), Type, Sub-system, and Region - Global Forecast to 2026

Report Code: AS 3466 May, 2021, by marketsandmarkets.com

[223 Pages Report] The dynamic positioning system market is estimated to be USD 6.3 billion in 2021 and is projected to reach USD 10.5 billion by 2026, at a CAGR of 10.7% from 2021 to 2026. The growing seaborne trade and growing cargo shipping industry are among the major factors driving the dynamic positioning system market.

Dynamic Positioning Systems Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 impact on the Dynamic Positioning Systems Market

Dynamic positioning system manufacturers are pushed to shut down production operations due to government-imposed lockdown to monitor the spread of COVID-19 worldwide. Ship and its component manufacturers are encountering operational problems due to supply chain disruption cause by the government restriction on transportation in the wake of COVID-19 pandemic. One of the major challenges faced by the shipping industry is the failure to maintain vessels which lead to operational failure. This results in delays and hindrances in the shipping industry due to irregular breakdowns. Travel restrictions due to the pandemic also was one of the major challenges for engineers in undertaking regular repairs. During the pandemic, key players such as ABB group (Switzerland), Wartsila (Finland), and General Electric Company (US) faced decline in revenue as compared to the previous fiscal year.

These challenges are being resolved in order to improve the current scenario in the industry. The cost of shipping is high due to low demand as well as the low availability of vessels. This trend is expected to continue till the end of the pandemic. The shipping industry is expected to make efforts to overcome the challenges caused due to COVID-19 as countries are now focusing on maintaining supply chains to enable running businesses.

Dynamic Positioning System Market Dynamics:

Driver: Increase in seaborne trade across the globe

The bulk cargo traded and transported through sea routes across the globe has increased over the years, as ships are economical as compared to other means of transportation. This, in turn, has led to the growth of global seaborne trade. For instance, as per the International Chamber of Shipping in 2019, 90% of the world’s trade is carried out through sea routes as the freight costs are competitive and ideal for the transport of heavy goods and goods in bulk. As per the publication of the United Nations Conference on Trade and Development (UNCTAD), the global seaborne trade reached approximately 12.8 billion tons in 2019 due to the rising global population, rising global gross domestic product (GDP), increasing disposable incomes, especially in Asian countries, and rising standards of living. Therefore, goods transport by sea is expected to drive the demand for shipbuilding, in turn, leading to the rise in demand for DPS.

Opportunity: Autonomous shipping industry

The marine industry has also undertaken groundbreaking innovations and is looking forward to enabling implementation. Various players in the maritime industry have undertaken significant efforts in developing autonomous ships. These projects are being developed to provide the scope of transporting cargo and passengers from one location to another without human intervention on navigable waters in future. Companies such as A. B. Volvo (Sweden) have been selected by Grovfjord Mek. Verksted (GMV) Shipyard (Norway) to produce a fleet of unmanned vessels for the commercial market.

Challenge: Complex systems difficult to be operated by unskilled operators

Dynamic positioning systems uses a computer controlled system which provides information about the effect of wind on the container and the position of the thrusters, which is not easy to operate for untrained personnel. DP systems are presently essential parts of operations in the offshore industry, and require specially trained and highly skilled operators in order to operate these systems. Operators play an important role as they are responsible for the smooth functioning of vessels installed with DP systems.

Dynamic Positioning System Market Ecosystem

Prominent companies providing dynamic positioning systems, private and small enterprises, distributors/suppliers/retailers, and end customers are the key stakeholders in the dynamic positioning  market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries also serve as major influencers in the market.

Dynamic Positioning Systems Market Ecosystem

To know about the assumptions considered for the study, download the pdf brochure

Next generation dynamic positioning system segment to register the highest CAGR during the forecast period

Based on type, the next generation segment is projected to witness the highest CAGR during the forecast period. This segment will majorly be driven by the rise and development in the autonomous vessels. Currently, there are countries in many regions who are working on project to bring autonomous vessels into the commercial market. The dynamic positioning systems is essential for autonomous vessels because of the minimalistic human intervention gives rise to higher chances of error that could lead to accidents. Hence, shipowners and OEM manufacturers are working on next generation dynamic positioning system for autonomous vessels. So, this will be the major factors to drive growth in this segment for the forecasted period.

Class 2 Dynamic Positioning segment to register the highest CAGR during the forecast period

By equipment type, the class 2 dynamic positioning system segment is expected to witness the highest growth rate during the forecast period. Class 2 dynamic positioning system are used in various types of vessels such as commercial vessels like passenger ferries, cargo ships, dredgers and others are the types of vessels in which class 2 dynamic positioning system is used. The class 2 dynamic positioning system is redundant hence a single fault in the active system will not cause the dynamic positioning system to fail.

Asia Pacific estimated to lead the dynamic positioning system market in 2020

The dynamic positioning system market is expected to witness substantial growth in Asia Pacific during the forecast period. 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. Increasing investments in offshore shipping industry and increasing recreational water activities in New Zealand are additional factors driving the growth of the dynamic positioning system market in Asia Pacific.

Dynamic Positioning Systems Market by Region

Key Market Players

The key players in the dynamic positioning system market include Kongsberg Gruppen (Norway), ABB Group (Switzerland), General Electric Company (US), Wartsila (Finland), Rolls Royce PLC. (UK), A.B Volvo (Sweden), Twin Disc (US), L3 Harris (US), Navis Engineering (Finland), Royal IHC (Netherlands), Marine Technologies LLC (US), Praxis Automation Technology (Netherlands), Norr Systems Pte Ltd. (Singapore), Moxa Inc. (Taiwan), Reygar (UK), Comex  (France), Sonardyne (UK), Alphatron Marine (Netherlands), Undheim Systems (Norway), Wartsila Guidance Marine (UK), Thrustmaster of Texas (US), Xenta Systems (Italy), RH Marine (Netherlands), Raytheon Anschutz (Germany), Japan Radio Company Ltd. (Japan)

Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2021, 2021–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD Million)

Segments Covered

Equipment Type, Sub-systems, type, application, end use, and Region

Geographies Covered

North America, Asia Pacific, Europe, and Rest of the World

Companies Covered

Kongsberg Gruppen (Norway), ABB Group (Switzerland), General Electric Company (US), Wartsila (Finland), Rolls Royce PLC. (UK), A.B Volvo (Sweden), Twin Disc (US), L3 Harris (US), Navis Engineering (Finland), Royal IHC (Netherlands), Marine Technologies LLC (US), Praxis Automation Technology (Netherlands), Norr Systems Pte Ltd. (Singapore), Moxa Inc. (Taiwan), Reygar (UK), Comex  (France), Sonardyne (UK), Alphatron Marine (Netherlands), Undheim Systems (Norway), Wartsila Guidance Marine (UK), Thrustmaster of Texas (US), Xenta Systems (Italy), RH Marine (Netherlands), Raytheon Anschutz (Germany), Japan Radio Company Ltd. (Japan)

This research report categorizes the dynamic positioning system market based on Equipment type, Type of dynamic positioning system, sub-system, end use, application, and region

Based on end use, the dynamic positioning system market has been segmented as follows:

  • OEM
  • Aftermarket

Based on equipment type, the dynamic positioning system market has been segmented as follows:

  • Class 1
  • Class 2
  • Class 3

Based on application, the dynamic positioning system market has been segmented as follows:

  • Commercial
  • Military

Based on sub-system, the dynamic positioning system market has been segmented as follows:

  • Position reference and tracking system
  • Power systems, motors, and Drives
  • DP control systems

Based on type, the dynamic positioning system market has been segmented as follows:

  • Conventional
  • Next-generation

Based on region, the dynamic positioning system market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In January 2021, Kongsberg received a contract from Wood PLC (UK) wherein Kongsberg is expected to provide key positioning and monitoring tools to Equinor’s Hywind Tampen floating wind farm as part of a contract with Wood PLC. It is expected to be the largest floating offshore wind farm and an important achievement in offshore wind power projects.
  • In June 2019, ABB launches the new product, the dynamic positioning 2 (DP2) functionality for ABB Ability Marine Pilot Control. The solution magnifies vessel command execution and enables operators to be attentive on safer manoeuvring.
  • In February 2019, GE, in partnership with Pukyong National University (PKNU) (South Korea) chooses GE’s Power Conversion business to supply the SeaStream Dynamic Positioning (DP) system for the training vessel for fisheries industry training. GE’s SeaStream DP is expected to power the ship to perform operations.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 DYNAMIC POSITIONING SYSTEM MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS AND EXCLUSIONS
        TABLE 1 INCLUSIONS AND EXCLUSIONS IN THE DYNAMIC POSITIONING SYSTEM MARKET
    1.5 CURRENCY
        TABLE 2 USD EXCHANGE RATES
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES
        FIGURE 1 MNM PRE-COVID-19 AND POST-COVID-19 ESTIMATES ON THE DYNAMIC POSITIONING SYSTEM MARKET

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
        FIGURE 2 REPORT PROCESS FLOW
        FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 MARKET DEFINITION AND SCOPE
           2.2.2 SEGMENTS AND SUBSEGMENTS
    2.3 RESEARCH APPROACH AND METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 DYNAMIC POSITIONING SYSTEM MARKET FOR OEM
                 FIGURE 4 MARKET SIZE CALCULATION FOR OEM
           2.3.3 DYNAMIC POSITIONING SYSTEM RETROFIT
                 FIGURE 5 MARKET SIZE CALCULATION FOR RETROFIT
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.4 TOP-DOWN APPROACH
                 FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 TRIANGULATION AND VALIDATION
        FIGURE 8 DATA TRIANGULATION
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.5 GROWTH RATE ASSUMPTIONS
    2.6 ASSUMPTIONS FOR THE RESEARCH STUDY
    2.7 RISKS

3 EXECUTIVE SUMMARY (Page No. - 47)
  FIGURE 9 COMMERCIAL APPLICATION PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET FROM 2021 TO 2026
  FIGURE 10 POSITION REFERENCE & TRACKING SYSTEMS SEGMENT BY SUBSYSTEM ESTIMATED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021
  FIGURE 11 CONVENTIONAL SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD
  FIGURE 12 RETROFIT SEGMENT ESTIMATED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021
  FIGURE 13 CLASS 1 SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD
  FIGURE 14 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE DYNAMIC POSITIONING SYSTEM MARKET
        FIGURE 15 INCREASING INVESTMENTS DRIVE THE DYNAMIC POSITIONING SYSTEM MARKET
    4.2 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE
        FIGURE 16 RETROFIT SEGMENT PROJECTED TO DOMINATE THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD
    4.3 DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT TYPE
        FIGURE 17 CLASS 1 SEGMENT TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD
    4.4 DYNAMIC POSITIONING SYSTEM MARKET, BY COUNTRY
        FIGURE 18 DYNAMIC POSITIONING SYSTEM MARKET IN CHINA PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 DYNAMIC POSITIONING SYSTEM MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing operations in the offshore shipping industry
                    5.2.1.2 Technological improvements in monitoring and dynamic positioning systems
                    5.2.1.3 Increase in seaborne trade across the globe
           5.2.2 RESTRAINTS
                    5.2.2.1 Complex system and high cost of initial installation
                    5.2.2.2 High maintenance costs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Laser-based dynamic positioning systems
                    5.2.3.2 Autonomous shipping industry
           5.2.4 CHALLENGES
                    5.2.4.1 COVID-19 affecting the shipping industry
                    5.2.4.2 Complex systems difficult to be operated by unskilled operators
    5.3 COVID-19 IMPACT SCENARIOS
        FIGURE 20 IMPACT OF COVID-19 ON DYNAMIC POSITIONING SYSTEM MARKET: GLOBAL SCENARIOS
    5.4 IMPACT OF COVID-19 ON THE DYNAMIC POSITIONING SYSTEM MARKET
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
           5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR DYNAMIC POSITIONING SYSTEM MARKET
                 FIGURE 21 REVENUE SHIFT IN DYNAMIC POSITIONING SYSTEM MARKET
    5.6 MARKET ECOSYSTEM
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 END USERS
                 FIGURE 22 MARKET ECOSYSTEM MAP: DYNAMIC POSITIONING SYSTEM MARKET
    5.7 PRICING ANALYSIS
        FIGURE 23 PRICING ANALYSIS – BY SHIP TYPE, 2020
    5.8 VALUE CHAIN ANALYSIS
        FIGURE 24 VALUE CHAIN ANALYSIS: DYNAMIC POSITIONING SYSTEM MARKET
    5.9 TARIFF REGULATORY LANDSCAPE FOR AUTOMATION IN THE MARITIME INDUSTRY
    5.10 TRADE DATA
           5.10.1 INTERNATIONAL MARITIME TRADE DATA, 2010-2019
                  FIGURE 25 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE, (2010–2019)
           5.10.2 WORLD SEABORNE TRADE, 2015-2019
                  TABLE 3 WORLD SEABORNE TRADE, 2015-2019
    5.11 PORTER’S FIVE FORCES MODEL
    5.12 TECHNOLOGY ANALYSIS
           5.12.1 BIG DATA
           5.12.2 DYNAMIC POSITIONING SYSTEM
           5.12.3 PREDICTIVE MAINTENANCE
           5.12.4 COLLISION AVOIDANCE TOOL
    5.13 USE CASES
           5.13.1 AUTONOMOUS CONTROL AND REMOTE COMMAND SYSTEMS
           5.13.2 LASER-FOCUSED DYNAMIC POSITIONING SYSTEM IN OFFSHORE OPERATIONS
    5.14 OPERATIONAL DATA
         TABLE 4 COMPLETION OF SHIP ORDERS GLOBALLY, 2015-2020
         TABLE 5 COMPLETION OF SHIP ORDERS BY JAPAN, 2015-2020
         TABLE 6 COMPLETION OF SHIP ORDERS BY SOUTH KOREA, 2015-2020
         TABLE 7 COMPLETION OF SHIP ORDERS BY CHINA, 2015-2020
         TABLE 8 COMPLETION OF SHIP ORDERS IN EUROPE, 2015-2020

6 INDUSTRY TRENDS (Page No. - 71)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY ROADMAP
        FIGURE 26 TECHNOLOGY ROADMAP
    6.3 TECHNOLOGICAL ADVANCEMENTS IN THE MARITIME INDUSTRY
           6.3.1 LASER TECHNOLOGY
           6.3.2 AUTONOMOUS VESSELS
           6.3.3 DYNAMIC POSITIONING SYSTEM FOR MOTORBOATS AND YACHTS
           6.3.4 LESS COMPLEX DYNAMIC POSITIONING SYSTEMS
           6.3.5 INTEGRATED DYNAMIC POSITIONING SYSTEMS
           6.3.6 PREDICTIVE SOFTWARE FOR DYNAMIC POSITIONING SYSTEMS
           6.3.7 INCREASING FUNCTIONS OF DYNAMIC POSITIONING SYSTEMS
    6.4 INNOVATIONS AND PATENT REGISTRATIONS, 2012-2020
        TABLE 9 INNOVATIONS AND PATENT REGISTRATIONS

7 DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION (Page No. - 75)
    7.1 INTRODUCTION
           7.1.1 IMPACT OF COVID-19 ON APPLICATION
                    7.1.1.1 Most impacted segment, By application
                    7.1.1.2 Least impacted segment, By application
                            FIGURE 27 COMMERCIAL SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET FROM 2021 TO 2026
                            TABLE 10 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY APPLICATION 2017-2020 (USD MILLION)
                            TABLE 11 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY APPLICATION 2017-2020 (USD MILLION)
    7.2 COMMERCIAL
        TABLE 12 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COMMERCIAL APPLICATION 2017-2020 (USD MILLION)
        TABLE 13 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COMMERCIAL APPLICATION 2021-2026 (USD MILLION)
           7.2.1 BULK CARRIERS
                    7.2.1.1 Bulk carriers are majorly fitted with DP 1 category systems
           7.2.2 GAS TANKERS
                    7.2.2.1 Most of the gas tankers are equipped DP 1 class DPS systems
           7.2.3 TANKERS
                    7.2.3.1 Growing international trade for chemicals and liquid materials has led to the rise in demand for chemical tankers
           7.2.4 CRUISE
                    7.2.4.1 That maritime tourism will increase in the future, leading to the rise in the demand for passenger cruises
           7.2.5 PASSENGER FERRIES
                    7.2.5.1 Passenger ferries are vessels used to carry passengers across water bodies
           7.2.6 DRY CARGO SHIPS
                    7.2.6.1 Dry cargo ships are majorly equipped with DP 1-based DPS systems
           7.2.7 RESEARCH VESSELS
                    7.2.7.1 Research vessels are built to withstand highly harsh environmental conditions
           7.2.8 DREDGERS
                    7.2.8.1 Dredgers are vessels which are used to remove debris and sediments
           7.2.9 MOTORBOATS
                    7.2.9.1 Motor boats majorly installed with DPS systems include inboard spoiler boats
           7.2.10 OTHERS
    7.3 MILITARY
        TABLE 14 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY MILITARY APPLICATION 2017-2020 (USD MILLION)
        TABLE 15 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY MILITARY APPLICATION 2021-2026(USD MILLION)
           7.3.1 FRIGATES
                    7.3.1.1 Frigates are warships that carry a variety of armaments
           7.3.2 CORVETTES
                    7.3.2.1 Corvettes are the smallest vessel class among warships.
           7.3.3 DESTROYERS
                    7.3.3.1 Destroyers are fast, long-endurance maneuverable ships intended to help large vessels
           7.3.4 AMPHIBIOUS SHIPS
                    7.3.4.1 Amphibious ships are stationed on land to support ground forces by launching amphibious assaults
           7.3.5 MINESWEEPERS
                    7.3.5.1 Majorly DP 3 category DPS systems are installed in these warships.
           7.3.6 OTHERS

8 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE (Page No. - 83)
    8.1 INTRODUCTION
           8.1.1 IMPACT OF COVID-19 ON END USE
                    8.1.1.1 Most impacted segment, by end use
                    8.1.1.2 Least impacted segment, by end use
                            FIGURE 28 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE, 2021 & 2026
                            TABLE 16 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017-2020 (USD MILLION)
                            TABLE 17 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021-2026 (USD MILLION)
    8.2 OEM
           8.2.1 INCREASING INSTALLATIONS OF ADVANCED AND AUTOMATED DPS SYSTEMS IN SHIPS ARE EXPECTED TO DRIVE THE MARKET
                 TABLE 18 DYNAMIC POSITIONING SYSTEM OEM MARKET, BY REGION, 2017-2020 (USD MILLION)
                 TABLE 19 DYNAMIC POSITIONING SYSTEM OEM MARKET, BY REGION, 2021-2026 (USD MILLION)
    8.3 RETROFIT
           8.3.1 MAINTENANCE AND REPAIR SERVICES OF SYSTEMS EXPECTED TO DRIVE THE GROWTH OF THIS SEGMENT
                 TABLE 20 DYNAMIC POSITIONING SYSTEM RETROFIT MARKET, BY REGION, 2017-2020 (USD MILLION)
                 TABLE 21 DYNAMIC POSITIONING SYSTEM RETROFIT MARKET, BY REGION, 2021-2026 (USD MILLION)

9 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE (Page No. - 88)
    9.1 INTRODUCTION
        FIGURE 29 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE, 2021&2026 (USD MILLION)
        TABLE 22 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE, 2017-2020 (USD MILLION)
        TABLE 23 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE, 2021-2026 (USD MILLION)
           9.1.1 CONVENTIONAL DYNAMIC POSITIONING SYSTEM
                    9.1.1.1 Conventional DPS are used on a wide variety of vessels such as offshore vessels, tugs and patrol vessels, passenger vessels, cargo vessels, etc.
           9.1.2 NEXT-GENERATION DYNAMIC POSITIONING SYSTEM
                    9.1.2.1 Growth of next generation DPS is majorly driven due to the demand for autonomous vessels, and remote operation.

10 DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM (Page No. - 91)
     10.1 INTRODUCTION
          FIGURE 30 DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2021 & 2026 (USD MILLION)
          TABLE 24 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SUBSYSTEM, 2017–2020 (USD MILLION)
          TABLE 25 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SUBSYSTEM, 2021–2026 (USD MILLION)
             10.1.1 IMPACT OF COVID-19 ON THE INSTALLATION OF DYNAMIC POSITIONING SYSTEMS
             10.1.2 POWER SYSTEMS, MOTORS, & DRIVES
                        10.1.2.1 Vessels equipped with DPS of class 2 and 3 require the installation of an automatic power management system.
             10.1.3 POSITION REFERENCE AND TRACKING SYSTEMS
                        10.1.3.1 Hydro-acoustic position reference system
                                     10.1.3.1.1 Hydro-acoustic position reference system used transponder to locate predetermine position in the seabed
                        10.1.3.2 Differential GPS reference system
                                     10.1.3.2.1 Differential GPS reference systems have to be considered for errors from various atmospheric layers, and multipath distortions
                        10.1.3.3 Taut wire reference system
                                     10.1.3.3.1 A taut wire reference system is highly favorable in shallow waters
                        10.1.3.4 Laser-based reference system
                                     10.1.3.4.1 Laser reference system is used as a reference sensor to measure the position of the support vessel in the sea to a structure present in offshore
             10.1.4 DP CONTROL SYSTEMS
                        10.1.4.1 The DP control system is the central controlling unit for the dynamic positioning system.

11 REGIONAL ANALYSIS (Page No. - 96)
     11.1 INTRODUCTION
          FIGURE 31 NORTH AMERICA ESTIMATED TO HOLD LARGEST SHARE OF DYNAMIC POSITIONING SYSTEM MARKET IN 2021
          TABLE 26 GLOBAL: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 27 GLOBAL: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
             11.2.1 PESTLE ANALYSIS: NORTH AMERICA
                     FIGURE 32 NORTH AMERICA DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT
                     TABLE 28 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                     TABLE 29 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                     TABLE 30 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                     TABLE 31 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                     TABLE 32 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                     TABLE 33 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                     TABLE 34 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                     TABLE 35 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.2.1.1 Us
                                     11.2.1.1.1 Increase in the naval, cargo, and offshore ship industry in the country is driving the growth of the market
                                                TABLE 36 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 37 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 38 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 39 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 40 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 41 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.2.1.2 Canada
                                     11.2.1.2.1 Increase in commercial ferry and cargo ship industry in the country is driving the growth of the market
                                                TABLE 42 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 43 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 44 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 45 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 46 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 47 CANADA DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.2.1.3 Mexico
                                     11.2.1.3.1 Growth of the cargo ship industry in the country is driving the market
                                                TABLE 48 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 49 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 50 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 51 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 52 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 53 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
     11.3 EUROPE
             11.3.1 PESTLE ANALYSIS: EUROPE
                     FIGURE 33 EUROPE DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT
                     TABLE 54 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                     TABLE 55 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                     TABLE 56 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                     TABLE 57 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                     TABLE 58 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                     TABLE 59 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                     TABLE 60 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,  2017–2020 (USD MILLION)
                     TABLE 61 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.1 Germany
                                     11.3.1.1.1 Increase in naval vessel activities and export sector driving the growth of the market
                                                TABLE 62 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 63 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 64 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 65 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 66 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 67 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.2 France
                                     11.3.1.2.1 Shipbuilding and naval vessel equipment replacement industries driving market growth
                                                TABLE 68 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 69 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 70 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 71 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 72 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 73 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.3 Italy
                                     11.3.1.3.1 Increase in commercial ferries and recreational ship industry is driving the growth of the market
                                                TABLE 74 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 75 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 76 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 77 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 78 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 79 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.4 Spain
                                     11.3.1.4.1 Growth of the shipbuilding and cargo ship industries is driving market growth
                                                TABLE 80 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 81 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 82 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 83 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 84 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 85 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.5 UK
                                     11.3.1.5.1 Rise in the defense sector and offshore ship industry in the country is driving market growth
                                                TABLE 86 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 87 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 88 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 89 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 90 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 91 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.3.1.6 Rest of Europe
                                     11.3.1.6.1 Increase in shipbuilding and new technology in the shipping industry in the region are driving market growth
                                                TABLE 92 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 93 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,  BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 94 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 95 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 96 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 97 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
     11.4 ASIA PACIFIC
             11.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                    FIGURE 34 ASIA PACIFIC DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT
                    TABLE 98 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 99 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 100 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                    TABLE 101 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                    TABLE 102 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                    TABLE 103 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                    TABLE 104 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                    TABLE 105 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.1 China
                                     11.4.1.1.1 Increase in global trade and cargo ship industry driving market growth
                                                TABLE 106 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 107 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 108 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 109 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 110 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 111 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.2 South Korea
                                     11.4.1.2.1 Growth of the shipbuilding industry is driving market growth
                                                TABLE 112 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 113 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 114 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 115 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 116 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 117 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.3 Japan
                                     11.4.1.3.1 Increase in commercial sea trade and shipbuilding industry driving market growth
                                                TABLE 118 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 119 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 120 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 121 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 122 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 123 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.4 Australia
                                     11.4.1.4.1 Increase in container operations and sea trade driving market growth
                                                TABLE 124 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 125 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 126 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 127 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 128 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 129 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.5 India
                                     11.4.1.5.1 Increase in global sea trade and offshore ship industry driving market growth
                                                TABLE 130 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 131 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 132 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 133 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 134 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 135 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                        11.4.1.6 Rest of Asia pacific
                                     11.4.1.6.1 Increase in recreational maritime activities and sea trade are driving market growth
                                                TABLE 136 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION)
                                                TABLE 137 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 138 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION)
                                                TABLE 139 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                                                TABLE 140 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION)
                                                TABLE 141 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
     11.5 REST OF THE WORLD
             11.5.1 PESTLE ANALYSIS: REST OF THE WORLD
                    TABLE 142 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017-2020 (USD MILLION)
                    TABLE 143 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                    TABLE 144 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017-2020 (USD MILLION)
                    TABLE 145 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                    TABLE 146 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE,  BY EQUIPMENT TYPE, 2017-2020 (USD MILLION)
                    TABLE 147 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
                    TABLE 148 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION, 2016-2019 (USD MILLION)
                    TABLE 149 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION, 2021-2026 (USD MILLION)
                        11.5.1.1 Middle east
                                     11.5.1.1.1 Increasing shipbuilding activities are expected to drive the market in the Middle East region
                                                TABLE 150 MIDDLE EAST: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017-2020 (USD MILLION)
                                                TABLE 151 MIDDLE EAST: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                                                TABLE 152 MIDDLE EAST: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017-2020 (USD MILLION)
                                                TABLE 153 MIDDLE EAST DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                                                TABLE 154 MIDDLE EAST: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017-2020 (USD MILLION)
                                                TABLE 155 MIDDLE EAST: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)
             11.5.2 LATIN AMERICA
                    TABLE 156 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017-2020 (USD MILLION)
                    TABLE 157 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION)
                    TABLE 158 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017-2020 (USD MILLION)
                    TABLE 159 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION)
                    TABLE 160 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017-2020 (USD MILLION)
                    TABLE 161 LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 144)
     12.1 INTRODUCTION
     12.2 RANKING OF LEADING PLAYERS, 2020
          FIGURE 35 MARKET RANKING OF LEADING PLAYERS IN THE DYNAMIC POSITIONING SYSTEM MARKET, 2020
     12.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2020
          FIGURE 36 MARKET SHARE ANALYSIS OF LEADING PLAYERS IN THE DYNAMIC POSITIONING SYSTEM MARKET, 2020
     12.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2020
          FIGURE 37 REVENUE ANALYSIS OF LEADING PLAYERS IN THE DYNAMIC POSITIONING SYSTEM MARKET, 2020
     12.5 COMPETITIVE OVERVIEW
          TABLE 162 KEY DEVELOPMENTS BY LEADING PLAYERS IN THE DYNAMIC POSITIONING SYSTEM MARKET BETWEEN 2016 AND 2020
     12.6 COMPANY PRODUCT FOOTPRINT ANALYSIS
          TABLE 163 COMPANY PRODUCT FOOTPRINT
          TABLE 164 COMPANY APPLICATION FOOTPRINT
          TABLE 165 COMPANY INDUSTRY FOOTPRINT
          TABLE 166 COMPANY REGION FOOTPRINT
     12.7 COMPANY EVALUATION QUADRANT
             12.7.1 STAR
             12.7.2 EMERGING LEADER
             12.7.3 PERVASIVE
             12.7.4 PARTICIPANT
                    FIGURE 38 DYNAMIC POSITIONING SYSTEM MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     12.8 DYNAMIC POSITIONING SYSTEM MARKET COMPETITIVE LEADERSHIP MAPPING (STARTUPS)
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
                    FIGURE 39 DYNAMIC POSITIONING SYSTEM MARKET (STARTUPS) COMPETITIVE LEADERSHIP MAPPING, 2020
     12.9 COMPETITIVE SCENARIO
             12.9.1 DEALS
                     TABLE 167 DEALS, 2016-2021
             12.9.2 PRODUCT LAUNCHES
                     TABLE 168 PRODUCT LAUNCHES, 2017-2020

13 COMPANY PROFILES (Page No. - 163)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 KONGSBERG GRUPPEN ASA
                     FIGURE 40 KONGSBERG GRUPPEN ASA: COMPANY SNAPSHOT
                     TABLE 169 KONGSBERG GRUPPEN ASA.: BUSINESS OVERVIEW
             13.2.2 ABB GROUP
                     FIGURE 41 ABB GROUP: COMPANY SNAPSHOT
                     TABLE 170 ABB GROUP: BUSINESS OVERVIEW
             13.2.3 GENERAL ELECTRIC COMPANY
                     FIGURE 42 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
                     TABLE 171 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW
             13.2.4 WARTSILA OYJ ABP
                     FIGURE 43 WARTSILA OYJ ABP: COMPANY SNAPSHOT
                     TABLE 172 WARTSILA OYJ ABP: BUSINESS OVERVIEW
             13.2.5 ROLLS-ROYCE PLC.
                     FIGURE 44 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
                     TABLE 173 ROLLS-ROYCE PLC: BUSINESS OVERVIEW
             13.2.6 A.B. VOLVO
                     FIGURE 45 A.B. VOLVO: COMPANY SNAPSHOT
                     TABLE 174 A.B. VOLVO: BUSINESS OVERVIEW
             13.2.7 TWIN DISC
                     FIGURE 46 TWIN DISC: COMPANY SNAPSHOT
                     TABLE 175 TWIN DISC: BUSINESS OVERVIEW
             13.2.8 L3HARRIS (US)
                     FIGURE 47 L3HARRIS: COMPANY SNAPSHOT
                     TABLE 176 L3 HARRIS TECHNOLOGIES: BUSINESS OVERVIEW
             13.2.9 NAVIS ENGINEERING (FINLAND)
                     TABLE 177 NAVIS ENGINEERING: BUSINESS OVERVIEW
             13.2.10 ROYAL IHC
                     TABLE 178 ROYAL IHC: BUSINESS OVERVIEW
             13.2.11 MARINE TECHNOLOGIES LLC
                     TABLE 179 MARINE TECHNOLOGIES LLC: BUSINESS OVERVIEW
             13.2.12 PRAXIS AUTOMATION TECHNOLOGY TECHNOLOGY
                     TABLE 180 PRAXIS AUTOMATION TECHNOLOGY: BUSINESS OVERVIEW
             13.2.13 NORR SYSTEMS
                     TABLE 181 NORR SYSTEMS PTE LTD: BUSINESS OVERVIEW
             13.2.14 MOXA INC.
                     TABLE 182 MOXA INC: BUSINESS OVERVIEW
             13.2.15 REYGAR
                     TABLE 183 REYGAR: BUSINESS OVERVIEW
             13.2.16 COMEX
                     TABLE 184 COMEX: BUSINESS OVERVIEW
             13.2.17 SONARDYNE
                     TABLE 185 SONARDYNE: BUSINESS OVERVIEW
             13.2.18 ALPHATRON MARINE
                     TABLE 186 ALPHATRON MARINE: BUSINESS OVERVIEW
             13.2.19 UNDHEIM SYSTEMS
                     TABLE 187 UNDHEIM SYSTEMS.: BUSINESS OVERVIEW
             13.2.20 WARTSILA GUIDANCE MARINE
                     TABLE 188 WARTSILA GUIDANCE MARINE: BUSINESS OVERVIEW
             13.2.21 THRUSTMASTER OF TEXAS
                     TABLE 189 THRUSTMASTER OF TEXAS: BUSINESS OVERVIEW
             13.2.22 XENTA SYSTEMS (ITALY)
                     TABLE 190 XENTA SYSTEMS: BUSINESS OVERVIEW
             13.2.23 RH MARINE
                     TABLE 191 RH MARINE: BUSINESS OVERVIEW
             13.2.24 RAYTHEON ANSCHUTZ
                     TABLE 192 RAYTHEON ANSCHUTZ: BUSINESS OVERVIEW
             13.2.25 JAPAN RADIO COMPANY LTD.
                     TABLE 193 JAPAN RADIO COMPANY LTD.: BUSINESS OVERVIEW

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 217)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATION
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size for the dynamic positioning system market. Exhaustive secondary research was undertaken to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and marine battery databases.

Primary Research

The dynamic positioning system market comprises several stakeholders, such as dynamic positioning system manufacturers, shipbuilders, and regulatory organizations, in the supply chain. The demand side of this market is characterized by various end users, such as OEM and aftermarket. The supply side is characterized by technological advancements in marine batteries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Dynamic Positioning Systems Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the dynamic positioning system market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following steps:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the dynamic positioning system market in the maritime industry.

Report Objectives

  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the dynamic positioning system market
  • To analyze the impact of macro and micro indicators on the market
  • To forecast the market size of segments for four regions, namely, North America, Europe, Asia Pacific, and Rest of the World, along with major countries in each of these regions
  • To strategically analyze micromarkets with respect to individual technological trends, prospects, and their contributions to the overall market
  • To strategically profile key market players and comprehensively analyze their market ranking and core competencies
  • To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, expansions, and new product launches
  • To identify detailed financial positions, key products, and key developments of leading companies in the market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs.

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Dynamic Positioning Systems Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Dynamic Positioning Systems Market

Request For Special Pricing
Report Code
AS 3466
Published ON
May, 2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Dynamic Positioning Systems Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home