The size of the dynamic positioning system market is projected to grow from USD 6.3 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 10.7% from 2021 to 2026. The rise in the global trade, shipbuilding industry and naval activities are some of the major factors driving this market.
Major 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). These players have adopted various strategies, such as new product launches, contracts, agreements, partnerships, and expansions, to increase their foothold in the dynamic positioning system market. Of these, new product launches, contracts, and agreements were majorly adopted by the market players between 2017 and 2021 to help them expand their dynamic positioning system offerings with innovative solutions and, consequently, enhance their customer base.
To know about the assumptions considered for the study download the pdf brochure
ABB Group is the leader in the dynamic positioning system market. The company is one of the leading manufacturers of dynamic positioning system for Cargo Vessel, Passenger Vessel, Offshore Vessel, Navy and Coast Guard Vessel, Ice going Vessel, Special Purpose Vessel, Short Distance Ships. The company has a strong presence in Europe.
Kongsberg Gruppen comes in second in the dynamic positioning system market. It is a marine technology and solution providing company operating in the fields of Marine and defense and aerospace. In the dynamic positioning system market, the company offers its dynamic positioning system product range. Kongsberg has a strong presence in North America, Norway, Asia and Rest of the Europe.
General Electric Company comes in third in the dynamic positioning system market. The company provides dynamic positioning systems such as SeaStream and SeaLyte to shipyards and OEMs globally. Dynamic Positioning systems for various ships such as Passenger vessel, Offshore vessel, Cargo vessel are offered by the company. General Electric Company has a strong presence in region such as US, Europe, Asia and rest of the world.
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
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE