Global Dynamic Positioning System Market

Dynamic Positioning System Market Size, Share, Growth Analysis, By Type (Conventional Dynamic Positioning System, Next-Generation Dynamic Positioning System), By Subsystem (Power Systems, Motors, & Drives), By Class, By Application, By Fitting, By Region -Industry Forecast 2024-2031.

Report ID: SQMIG20A2042 | Region: Global | Published Date: November, 2024
Pages: 242 | Tables: 88 | Figures: 72

Dynamic Positioning System Market Regional Insights

North America dominated the global dynamic positioning systems market in 2021. All over growth of the bulk cargo traded and transported through sea routes has increased over the past few years, as ships are economical as compared to other means of transportation.

Throughout the projected period, Asia Pacific is anticipated to experience significant expansion in the dynamic positioning system market. With rising seaborne trade in the region, one of the most important factors influencing the demand for ships is the expansion of the shipbuilding sector in Asia-Pacific. Additional factors influencing the growth of the dynamic positioning system market in Asia Pacific include rising investments in the offshore shipping sector and rising water recreation in New Zealand.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Dynamic Positioning System Market size was valued at USD 6.70 billion in 2022 and is poised to grow from USD 7.88 billion in 2023 to USD 16.86 billion by 2031, growing at a CAGR of 10.6% during the forecast period (2024-2031). 

Global dynamic positioning system market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Kongsberg Gruppen ASA   ', 'ABB Group   ', 'General Electric Company   ', 'Wartsila Oyj ABP   ', 'Rolls-royce Plc.   ', 'A.B. Volvo   ', 'Twin Disc   ', 'L3harris  ', 'Marine Technologies LLC   ', 'Praxis Automation Technology   ', 'Norr Systems   ', 'Moxa Inc.   ', 'Comex   ', 'Sonardyne  ', 'RTX Corporation  ', 'Thrustmaster Of Texas   ', 'Navtor AS  ', 'Furuno Electric Co., Ltd.  ', 'Schottel GmbH '

The use of water got increased for doing trade has resulted in a rise in naval problems between countries; the increase in naval boundaries issues such as the quarrel between China and Japan, the Philippines and China, and Ireland and UK; and due to that it rises the demand for dynamic positioning systems which provide exact information related to the location of the vessel present in the air or water. Moreover, the increase in the naval defence budgets by governments around the world turned the market growth.

The growing seaborne trade coupled with the expansion of the cargo shipping industry are increasing the trend for using dynamic positioning systems in the upcoming years.

North America dominated the global dynamic positioning systems market in 2021. All over growth of the bulk cargo traded and transported through sea routes has increased over the past few years, as ships are economical as compared to other means of transportation.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Patient Positioning Systems Market
Buy Now GET FREE SAMPLE
Position Sensor Market
Buy Now GET FREE SAMPLE
Location Based Services Market
Buy Now GET FREE SAMPLE
Player Tracking System Market
Buy Now GET FREE SAMPLE
GPS Market
Buy Now GET FREE SAMPLE
Optical Position Sensor Market
Buy Now GET FREE SAMPLE
Robotic Total Station Market
Buy Now GET FREE SAMPLE
Flight Tracking System Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Dynamic Positioning System Market

Report ID: SQMIG20A2042

$5,300
BUY NOW GET FREE SAMPLE