Dynamic Positioning System (DPS) Market by Subsystem (Power Systems, Thruster Systems, DP Control Systems, and Sensors), Application (Passenger Ship, Merchant Vessel, Offshore Vessel, and Naval Vessel), Equipment Type, and Region - Global Forecast to 2021

The dynamic positioning systems market is projected to grow from USD 1.62 Billion in 2016 to USD 1.82 Billion by 2021, at a CAGR of 2.36% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.

Objectives of the Study:

The report analyzes the market on the basis of equipment type (Class 1, Class 2, and Class 3), application (passenger ships, merchant vessels, offshore vessels, and naval vessels), subsystem (power systems, thruster systems, DPS control systems, and sensors), and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, the Middle East, Africa, and the Rest of the World.

The report provides in-depth market intelligence regarding market dynamics and major factors influencing the growth of the dynamic positioning systems (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution.

The report also covers competitive developments, such as long-term contracts, new product launches and developments, and research & development activities in the market, in addition to business and corporate strategies adopted by key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the dynamic positioning systems market was arrived at through extensive secondary research sources, such as Kongsberg Gruppen ASA (Norway), ABB Group (Switzerland), L-3 Communications Holdings, Inc. (U.S.), market outlook, International Maritime Organization (IMO), corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

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

The ecosystem of the market comprises raw material suppliers, manufacturers, distributors, and end users. Some of the key market players in the dynamic positioning systems market are Kongsberg Gruppen ASA (Norway), ABB Group (Switzerland), L-3 Communications Holdings, Inc. (U.S.), and Wartsila Oyj Abp (Finland), among others. These players adopt strategies, such as contracts, new product developments, agreements, and collaborations to strengthen their position in the dynamic positioning systems. They are also investing heavily in R&D to focus on the development of new and better products with high accuracy rate in vessel positioning.

Target Audience

• Passenger Ship Carriers
• Freight Shipping Companies
• Dynamic Positioning System Suppliers
• Dynamic Positioning System Manufacturers
• Technology Support Providers
• Software/Hardware/Service and Solution Providers
• Regulatory Bodies
• Vessel Operators
• Dynamic Positioning System Consultants
• Dynamic Positioning System Research Centers

Scope of the Report

This research report categorizes the dynamic positioning systems market into the following segments and subsegments:

• Dynamic Positioning Systems Market, by Equipment Type
  • Class 1
  • Class 2
  • Class 3
• Dynamic Positioning Systems Market, by Application
  • Passenger Ships
  • Merchant Vessels
  • Offshore Vessels
  • Naval Vessels
• Dynamic Positioning Systems Market, by Subsystem
  • Power Systems
  • Thruster Systems
  • DP Control Systems
  • Sensors
• Dynamic Positioning Systems Market, by Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • Africa
  • Rest of the World

Customizations available for the report:

With the given market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

• Company Information
  • Detailed analysis and profiles of additional market players (Up to five)
  • Geographic Analysis: Further breakdown of market at country-level

Table of Content

1 Introduction (Page No. - 23)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 27)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand-Side Indicators
                    2.5.2.1 Increase in the Number of Passenger Vehicles
                    2.5.2.2 Vessel Tragedies

3 Executive Summary (Page No. - 40)

4 Premium Insights (Page No. - 43)
    4.1 Attractive Market Opportunities in the Dynamic Positioning Systems Market
    4.2 Market, By Application, 2014-2021
    4.3 Dynamic Positioning Systems Market
    4.4 Market, By Equipment Type
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 48)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Subsystem
           5.2.2 By Equipment Type
           5.2.3 By Application
    5.3 Dynamic Positioning System Modes
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in the Number of Offshore Patrol Vessels
                    5.4.1.2 Technological Advancements
                    5.4.1.3 Expansion of Oil & Gas Refineries
           5.4.2 Restraints
                    5.4.2.1 System Complexity
                    5.4.2.2 Lack of Competent Dynamic Positioning System Operators
                    5.4.2.3 High Maintenance of Mechanical Components
           5.4.3 Opportunities
                    5.4.3.1 Application of Dynamic Positioning Systems in FPSO Operations
           5.4.4 Challenges
                    5.4.4.1 Training and Certification of DPS Operators
                    5.4.4.2 High Installation Costs of Dynamic Positioning Systems

6 Industry Trends (Page No. - 61)
    6.1 Introduction
    6.2 Future Scenario of the Dynamic Positioning Systems Market
    6.3 Technological Trends
           6.3.1 Design & Integration of Condition-Based Monitoring Systems Into A Dynamic Positioning System
           6.3.2 Design & Integration of Operator Support Into A Dynamic Positioning System
           6.3.3 Emerging Computer Technologies
           6.3.4 Reference System
                    6.3.4.1 Hydroacoustic Position Reference
                    6.3.4.2 Taut Wire
                    6.3.4.3 Differential Gps
                    6.3.4.4 Laser-Based Systems and Artemis
    6.4 Patent Listing
    6.5 Key Trend Analysis

7 Dynamic Positioning Systems Market, By Sub-Systems (Page No. - 69)
    7.1 Power Systems
    7.2 Thruster Systems
    7.3 DPS Control Systems
    7.4 Sensors

8 Dynamic Positioning Systems Market, By Equipment Type (Page No. - 72)
    8.1 Introduction
    8.2 Class 1
    8.3 Class 2
    8.4 Class 3

9  Dynamic Positioning Systems Market, By Application (Page No. - 80)
    9.1 Introduction
    9.2 Merchant Vessels
           9.2.1 Bulk Carriers
           9.2.2 Shuttle Tankers
           9.2.3 Container Vessels
    9.3 Offshore Vessels
           9.3.1 Drill Ships
           9.3.2 Platform Supply Vessels
           9.3.3 DSV (Diving Support Vessels)
           9.3.4 Dredging Ships
           9.3.5 AHTS (Anchor Handling TUG  Supply)
           9.3.6 FPSO (Floating Production, Storage & Offloading)
           9.3.7 Offshore Construction Vessels
           9.3.8 Cable-Laying Vessels
           9.3.9 Pipe Laying Vessels
           9.3.10 Accommodation Barges
    9.4 Passenger Ships
           9.4.1 Mega Yachts
           9.4.2 Cruise Ships
    9.5 Naval Vessels
           9.5.1 Survey Ships
           9.5.2 Mine Sweepers

10 Regional Analysis (Page No. - 109)
     10.1 Introduction
             10.2.1 By Equipment Type
             10.2.2 By Application
                        10.2.2.1 By Passenger Ships
                        10.2.2.2 By Merchant Vessels
                        10.2.2.3 By Offshore Vessels
                        10.2.2.4 By Naval Vessels
             10.2.3 By Country
                        10.2.3.1 U.S.
                                     10.2.3.1.1 By Equipment Type
                                     10.2.3.1.2 By Application
                        10.2.3.2 Canada
                                     10.2.3.2.1 By Equipment Type
                                     10.2.3.2.2 By Application
     10.3 Europe
             10.3.1 By Equipment Type
             10.3.2 By Application
                        10.3.2.1 By Passenger Ships
                        10.3.2.2 By Merchant Vessels
                        10.3.2.3 By Offshore Vessels
                        10.3.2.4 By Naval Vessels
             10.3.3 By Country
                        10.3.3.1 U.K.
                                     10.3.3.1.1 By Equipment Type
                                     10.3.3.1.2 By Application
                        10.3.3.2 Germany
                                     10.3.3.2.1 By Equipment Type
                                     10.3.3.2.2 By Application
                        10.3.3.3 Russia
                                     10.3.3.3.1 By Equipment Type
                                     10.3.3.3.2 By Application
     10.4 Asia-Pacific
             10.4.1 By Equipment Type
             10.4.2 By Application
                        10.4.2.1 By Passenger Ships
                        10.4.2.2 By Merchant Vessels
                        10.4.2.3 By Offshore Vessels
                        10.4.2.4 By Naval Vessels
             10.4.3 By Country
                        10.4.3.1 China
                                     10.4.3.1.1 By Equipment Type
                                     10.4.3.1.2 By Application
                        10.4.3.2 Japan
                                     10.4.3.2.1 By Equipment Type
                                     10.4.3.2.2 By Application
                        10.4.3.3 South Korea
                                     10.4.3.3.1 By Equipment Type
                                     10.4.3.3.2 By Application
     10.5 Middle East
             10.5.1 By Equipment Type
             10.5.2 By Application
                        10.5.2.1 By Passenger Ships
                        10.5.2.2 By Merchant Vessels
                        10.5.2.3 By Offshore Vessels
                        10.5.2.4 By Naval Vessels
             10.5.3 By Country
     10.6 Africa
             10.6.1 By Equipment Type
             10.6.2 By Application
                        10.6.2.1 By Passenger Ships
                        10.6.2.2 By Merchant Vessels
                        10.6.2.3 By Offshore Vessels
                        10.6.2.4 By Naval Vessels
             10.6.3 By Country
     10.7 Rest of the World (RoW)
             10.7.1 By Equipment Type
             10.7.2 By Application
                        10.7.2.1 By Passenger Ships
                        10.7.2.2 By Merchant Vessels
                        10.7.2.3 By Offshore Vessels
                        10.7.2.4 By Naval Vessels
             10.7.3 By Country

11 Competitive Landscape (Page No. - 162)
     11.1 Introduction
     11.2 Market Share Analysis
     11.3 Competitive Situation and Trends
             11.3.1 Contracts
             11.3.2 New Product Launches
             11.3.4 Collaborations

12 Company Profiles (Page No. - 173)
     12.1 Financial Highlights of Major Players in the Dynamic Positioning Systems Market
     12.2 Kongsberg Gruppen ASA
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 General Electric Company
             12.3.1 Business Overview
             12.3.2 Product Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Wartsila Oyj ABP
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 ABB Group
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.5 MnM View
     12.6 Rolls-Royce PLC
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 L-3 Communications Holdings, Inc.
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 SWOT Analysis
     12.8 AB Volvo Penta
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
     12.9 Navis Engineering
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 Marine Technologies LLC
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
     12.11 Praxis Automation & Technology B.V.
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
     12.12 NORR Systems Pte Ltd
             12.12.1 Business Overview
             12.12.2 Products Offered
     12.13 Moxa Inc.
             12.13.1 Business Overview
             12.13.2 Products Offered

13 Appendix (Page No. - 206)
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
             13.5.1 42430
             13.5.2 42339

List of Tables (94 Tables)

Table 1 Number of Passengers Carried By Cruise Ships, 2015-2019
Table 2 Total Losses, By Vessel Type, 2005-2014
Table 3 Offshore Patrol Vehicles, By Country, 2014
Table 4 Summary: Increase in the Number of Offshore Patrol Vessels is Propelling the Growth of the Dynamic Positioning Systems Market
Table 5 Summary: Lack of Competent Dynamic Positioning System Operators is Restraining the Growth of the Dynamic Positioning Systems Market
Table 6 Summary: Training and Certification for DPS Operator is the Major Challenge in DPS Market
Table 7 Market Size, By Equipment Type, 2014–2021 (USD Million)
Table 8 Market Size, By Class 1, 2014-2021 (USD Million)
Table 9 Market Size, By Class 2, 2014-2021 (USD Million)
Table 10 Market Size, By Class 3, 2014-2021 (USD Million)
Table 11 Market Size, By Application, 2014–2021 (USD Million)
Table 12 Market Size, By Merchant Vessels, 2014-2021 (USD Million)
Table 13 Bulk Carriers: Market Size, By Region, 2014-2021 (USD Million)
Table 14 Shuttle Tankers: Market Size, By Region, 2014-2021 (USD Million)
Table 15 Container Vessels: Market Size, By Region, 2014-2021 (USD Million)
Table 16 Market Size, By Offshore Vessels, 2014-2021 (USD Million)
Table 17 Drill Ships: Dynamic Positioning Systems Size, By Region, 2014-2021 (USD Million)
Table 18 Platform Supply Vessels: Market Size, By Region, 2014-2021 (USD Million)
Table 19 DSV (Diving Support Vessels): Market Size, By Region, 2014-2021 (USD Million)
Table 20 Dredging Ships: Market Size, By Region, 2014-2021 (USD Million)
Table 21 AHTS (Anchor Handling TUG Supply): Market Size, By Region, 2014-2021 (USD Million)
Table 22 FPSO (Floating Production, Storage & Offloading): Systems Market Size, By Region, 2014-2021 (USD Million)
Table 23 Offshore Construction Vessels: Systems Market Size, By Region, 2014-2021 (USD Million)
Table 24 Cable-Laying Vessels: Market Size, By Region, 2014-2021 (USD Million)
Table 25 Pipe Laying Vessels: Market Size, By Region, 2014-2021 (USD Million)
Table 26 Accommodation Barges: Market Size, By Region, 2014-2021 (USD Million)
Table 27 Size, By Passenger Ships, 2014-2021 (USD Million)
Table 28 Mega Yachts: Systems Market Size, By Region, 2014-2021 (USD Million)
Table 29 Cruise Ships: Systems Market Size, By Region, 2014-2021 (USD Million)
Table 30 Systems Market Size, By Naval Vessels, 2014-2021 (USD Million)
Table 31 Survey Ships: Market Size, By Region, 2014-2021 (USD Million)
Table 32 Mine Sweepers: Market Size, By Region, 2014-2021 (USD Million)
Table 33 By Region, 2014–2021 (USD Million)
Table 34 North America Market, By Equipment Type, 2014-2021 (USD Million)
Table 35 North America Market, By Application, 2014-2021 (USD Million)
Table 36 North America Market, By Passenger Ships, 2014-2021 (USD Million)
Table 37 North America Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 38 North America Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 39 North America Market, By Naval Vessels, 2014-2021 (USD Million)
Table 40 North America Market, By Country, 2014-2021 (USD Million)
Table 41 U.S. Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 42 U.S. Market, By Application, 2014-2021 (USD Million)
Table 43 Canada Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 44 Canada Market, By Application, 2014-2021 (USD Million)
Table 45 Europe Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 46 Europe Market, By Application, 2014-2021 (USD Million)
Table 47 Europe Market, By Passenger Ships, 2014-2021 (USD Million)
Table 48 Europe Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 49 Europe Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 50 Europe Market, By Naval Vessels, 2014-2021 (USD Million)
Table 51 Europe Market, By Country, 2014-2021 (USD Million)
Table 52 U.K. Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 53 U.K. Market, By Application, 2014-2021 (USD Million)
Table 54 Germany Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 55 Germany Market, By Application, 2014-2021 (USD Million)
Table 56 Russia Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 57 Russia Market, By Application, 2014-2021 (USD Million)
Table 58 Asia-Pacific Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 59 Asia-Pacific Market, By Application, 2014-2021 (USD Million)
Table 60 Asia-Pacific Market, By Passenger Ships, 2014-2021 (USD Million)
Table 61 Asia-Pacific Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 62 Asia-Pacific Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 63 Asia-Pacific Market, By Naval Vessels, 2014-2021 (USD Million)
Table 64 Asia-Pacific Market, By Country, 2015-2021 (USD Million)
Table 65 China Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 66 China Market, By Application, 2014-2021 (USD Million)
Table 67 Japan Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 68 Japan Market, By Application, 2014-2021 (USD Million)
Table 69 South Korea Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 70 South Korea Market, By Application, 2014-2021 (USD Million)
Table 71 Middle East Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 72 Middle East Market, By Application, 2014-2021 (USD Million)
Table 73 Middle East Market, By Passenger Ships, 2014-2021 (USD Million)
Table 74 Middle East Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 75 Middle East Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 76 Middle East Market, By Naval Vessels, 2014-2021 (USD Million)
Table 77 Africa Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 78 Africa Market, By Application, 2014-2021 (USD Million)
Table 79 Africa Market, By Passenger Ships, 2014-2021 (USD Million)
Table 80 Africa Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 81 Africa Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 82 Africa Market, By Naval Vessels, 2014-2021 (USD Million)
Table 83 Africa Market, By Country, 2015-2021 (USD Million)
Table 84 RoW Dynamic Positioning Systems Market, By Equipment Type, 2014-2021 (USD Million)
Table 85 RoW Market, By Application, 2014-2021 (USD Million)
Table 86 RoW Market, By Passenger Ships, 2014-2021 (USD Million)
Table 87 RoW Market, By Merchant Vessels, 2014-2021 (USD Million)
Table 88 RoW Market, By Offshore Vessels, 2014-2021 (USD Million)
Table 89 RoW Market, By Naval Vessels, 2014-2021 (USD Million)
Table 90 RoW Market, By Country, 2014-2021 (USD Million)
Table 91 Contracts, September 2014 - July 2016
Table 92 New Product Launches, October 2014 - September 2016
Table 93 Agreements, September 2014-September 2016
Table 94 Collaborations, July 2016

List of Figures (94 Figures)

Figure 1 Market Scope: Dynamic Positioning Systems Market
Figure 2 Market: Study Years
Figure 3 Research Flow
Figure 4 Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Assumptions of the Research Study
Figure 10 Global Increase in the Number of Passengers Carried By Cruise Ships, 1990-2019
Figure 11 Vessel Tragedies, 2005-2014
Figure 12 Regional Analysis: Systems Market
Figure 13 Demand for Class 3 DP Systems Will Increase in the Near Future
Figure 14 Contracts: the Key Growth Strategy Adopted By Market Players
Figure 15 Increase in Offshore Patrol Vessels Expected to Drive the Growth of the Market Between 2016 and 2021
Figure 16 Merchant Vessels Segment Expected to Lead the Market During the Forecast Period
Figure 17 South Korea Estimated to Account for the Largest Share of the Asia-Pacific Market in 2016
Figure 18 Class 2 Segment Projected to Lead the Market During the Forecast Period
Figure 19 Africa Projected to Be the Fastest-Growing Region in the Market
Figure 20 Market Segmentation: By Subsystem
Figure 21 Market Segmentation: By Equipment Type
Figure 22 Market Segmentation: By Application
Figure 23 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 24 Market (2015) & Compounded Annual Growth Rate (2016-2021)
Figure 25 Market Size, By Equipment Type, 2016–2021 (USD Million)
Figure 26 RoW is Projected to Grow at the Highest Rate By 2021
Figure 27 Africa is Projected to Grow at the Highest Rate By 2021
Figure 28 Africa is Projected to Grow at the Highest Rate By 2021
Figure 29 Market Size, By Application, 2016–2021 (USD Million)
Figure 30 Bulk Carriers is Projected to Grow at the Highest Rate By 2021
Figure 31 Africa is Projected to Grow at the Highest Rate By 2021
Figure 32 RoW is Projected to Grow at the Highest Rate By 2021
Figure 33 Africa is Projected to Grow at the Highest Rate By 2021
Figure 34 Dredging Ships is Projected to Grow at the Highest Rate By 2021
Figure 35 Africa is Projected to Grow at the Highest Rate By 2021
Figure 36 Middle East is Projected to Grow at the Highest Rate By 2021
Figure 37 RoW is Projected to Grow at the Highest Rate By 2021
Figure 38 RoW is Projected to Grow at the Highest Rate By 2021
Figure 39 RoW is Projected to Grow at the Highest Rate By 2021
Figure 40 Middle East is Projected to Grow at the Highest Rate By 2021
Figure 41 RoW is Projected to Grow at the Highest Rate By 2021
Figure 42 Middle East is Projected to Grow at the Highest Rate By 2021
Figure 43 Africa is Projected to Grow at the Highest Rate By 2021
Figure 44 Middle East is Projected to Grow at the Highest Rate By 2021
Figure 45 Cruise Ships is Projected to Grow at the Highest Rate By 2021
Figure 46 RoW is Projected to Grow at the Highest Rate By 2021
Figure 47 Africa is Projected to Grow at the Highest Rate By 2021
Figure 48 Mine Sweepers is Projected to Grow at the Highest Rate By 2021
Figure 49 Middle East & Africa are Projected to Grow at the Highest Rate By 2021
Figure 50 Middle East & Africa are Projected to Grow at the Highest Rate By 2021
Figure 51 Geographic Snapshot: the Dynamic Positioning Systems Market in the Asia-Pacific Region to Grow at the Highest CAGR During the Forecast Period
Figure 52 North America Market Snapshot
Figure 53 Class 2 Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 54 Merchant Vessels Application Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 55 Europe Market Snapshot
Figure 56 Equipment Class 2 Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 57 Merchant Vessels Application Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 58 Asia-Pacific Market Snapshot
Figure 59 Equipment Class 2 Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 60 Class 2 Application Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 61 The Middle East Market Snapshot
Figure 62 Equipment Class 3 Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 63 Offshore Vessels Application Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 64 Middle East Market, By Country, 2014-2021 (USD Million)
Figure 65 Africa Market Snapshot
Figure 66 Equipment Class 1 Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 67 Passenger Ships Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 68 RoW Market Snapshot
Figure 69 Class 1 Equipment Type Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 70 Passenger Ships Segment Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 71 Companies Adopted New Product Development as the Key Growth Strategy Between 2014 and 2016
Figure 72 Region-Wise Key Players in the Dynamic Positioning Systems Market
Figure 73 Market Evolution Framework, 2014-2016
Figure 74 Contracts Was the Key Growth Strategy Adopted By Market Players Between 2014 and 2016
Figure 75 Geographic Revenue Mix, 2016
Figure 76 Financial Highlights of Major Players in the Dynamic Positioning Systems Market
Figure 77 Kongsberg Gruppen ASA: Company Snapshot
Figure 78 Kongsberg Gruppen ASA: SWOT Analysis
Figure 79 General Electric Company: Company Snapshot
Figure 80 General Electric Company: SWOT Analysis
Figure 81 Wartsila Oyj ABP: Company Snapshot
Figure 82 Wartsila Oyj ABP : SWOT Analysis
Figure 83 ABB Group: Company Snapshot
Figure 84 ABB Group: SWOT Analysis
Figure 85 Rolls-Royce PLC: Company Snapshot
Figure 86 Rolls-Royce PLC.: SWOT Analysis
Figure 87 L-3 Communications Holdings, Inc.: Company Snapshot
Figure 88 L-3 Communications Holdings, Inc.: SWOT Analysis
Figure 89 AB Volvo Penta: Company Snapshot
Figure 90 Navis Engineering: Company Snapshot
Figure 91 Marine Technologies LLC: Company Snapshot
Figure 92 Praxis Automation & Technology B.V.: Company Snapshot
Figure 93 NORR Systems Pte Ltd.: Company Snapshot
Figure 94 Moxa Inc.: Company Snapshot

The market is projected to grow from USD 1.62 Billion in 2016 to USD 1.82 Billion by 2021, at a CAGR of 2.36% during the forecast period. Various factors, such as increase in the number of offshore patrol vessels, technological advancements, and expansion in oil & gas refineries are expected to drive the growth of the dynamic positioning systems market.

The market is segmented on the basis of equipment type, application, subsystem, and region. The equipment type segment is further divided into Class 1, Class 2, and Class 3 dynamic positioning systems. Of these, the Class 3 segment is estimated to grow at the highest CAGR during the forecast period. Class 3 includes dynamic positioning systems that provide accuracy in a vessel’s position as compared to other class types. Companies prefer Class 3 dynamic positioning systems as they are technologically advanced and this is expected to fuel the demand for Class 3 DP systems.

Based on application, the dynamic positioning systems market is segmented into passenger ships, merchant vessels, offshore vessels, and naval vessels. Merchant vessels is the largest application segment. Increasing use of dynamic position (DP) vessels for offshore drilling by oil industries are responsible for the high growth of this segment.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East, Africa, and the Rest of the World. Asia-Pacific is estimated to lead the market 2016. Emerging economies, such as China and India is estimated to drive the Asia-Pacific dynamic positioning systems market. Increase in the number of offshore patrol vessels and technological advancements are expected to fuel the demand for dynamic positioning systems in the region.

However, factors, such as lack of training given to operators for efficient use of dynamic positioning systems and fluctuations in the exchange rate of USD limit the growth of this market. Products offered by various companies in the market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2014 and 2016. Major players in the are General Electric Company (U.S.), Rolls-Royce plc. (U.K.), ABB Group (Switzerland), L-3 Communications Holdings, Inc. (U.S.), Wartsila Oyj Abp (Finland), and Kongsberg Gruppen ASA (Norway). Contracts accounted for a major share of the total growth strategies adopted by the leading players in the dynamic positioning systems market. This strategy has enabled companies to strengthen their position in the market.

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