Market Overview:
The global marine dynamic positioning system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger ships, merchant vessels, offshore vessels and naval vessels across the globe. Additionally, technological advancements in thruster systems, DP control systems and sensors are also contributing to the growth of this market. However, fluctuations in oil prices may restrain the growth of this market during the forecast period. Based on type, thruster systems accounted for majority of share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their ability to provide high thrust force and directional stability along with low power consumption as compared DP control systems or sensors.
Product Definition:
A Marine Dynamic Positioning System is a computerized system used on boats and ships to maintain their position and heading, even in rough seas. It is important for safety reasons, as it allows the ship to stay in one place while workers are performing tasks on or near the deck.
Thruster Systems:
Thruster systems are propulsion engines that generate force and move the ship. There are two types of thrusters, namely; gas-turbine and diesel-electric. Gas turbine is powered by combustion of one or more gases which may be natural (such as hydrogen) or manufactured (such as propane).
DP Control Systems:
DP Control Systems are used in marine dynamic positioning system to provide accurate and efficient control of vessel. DP systems consist of sensors, controls, and effectors which help in maintaining the position of a ship or boat in spite of changing winds directions.
The primary function performed by DP system is to maintain the heading (direction) and speed (distance). It also helps to keep track on-board activities such as fishing or cargo operations.
Application Insights:
The market is segmented by application into passenger ship, merchant vessel, offshore vessel and naval vessel. The DP control system was the largest revenue-generating segment in 2017 owing to its extensive use in commercial ships for maneuvering at ports and anchorages. The need for efficient DP systems that can handle large payloads with high precision while reducing operational costs is expected to drive the demand over the forecast period.
The sensors segment is estimated to register a significant CAGR during the forecast period owing to its wide applications across various industries including oil & gas, marine transportation and defense among others. Advanced positioning technology uses radar or ultrasound waves that enable vessels operating at long distances from land masses to maintain their precise position so as not to deviate from their intended course unintentionally thereby driving product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing investments from various governments for developing marine infrastructure, such as ports, offshore vessels, and coastal areas. Increasing demand for passenger ships due to growing population along with rising disposable income is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific regional market was followed by Europe in terms of revenue generation in 2017 owing to high maritime activities across countries such as U.K., Germany, Italy, France among others which are major consumers of dynamic positioning systems globally.
Growth Factors:
- Increasing demand for marine vessels for offshore oil and gas exploration and production is expected to drive the market growth.
- Growing popularity of dynamic positioning systems in small boats, recreational crafts, and ferries is projected to boost the market growth over the forecast period.
- Proliferation of autonomous marine vessels is anticipated to create new opportunities for the market growth during the forecast period.
- Development of advanced sensors and communication technologies is expected to fuel the demand for Marine Dynamic Positioning System (MDPS) over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Dynamic Positioning System Market Research Report
By Type
Thruster Systems, DP Control Systems, Sensors, Power Systems
By Application
Passenger Ship, Merchant Vessel, Offshore Vessel, Naval Vessel
By Companies
Kongsberg Maritime, General Electric, WÄRTSILÄ, Marine Technologies, Moxa, Navis Engineering, Volvo Penta, Praxis Automation Technology, Rolls-Royce, Twindisc, Reygar, Guidance Marine, NAUDEQ Company, Comex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Marine Dynamic Positioning System Market Report Segments:
The global Marine Dynamic Positioning System market is segmented on the basis of:
Types
Thruster Systems, DP Control Systems, Sensors, Power Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Ship, Merchant Vessel, Offshore Vessel, Naval Vessel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kongsberg Maritime
- General Electric
- WÄRTSILÄ
- Marine Technologies
- Moxa
- Navis Engineering
- Volvo Penta
- Praxis Automation Technology
- Rolls-Royce
- Twindisc
- Reygar
- Guidance Marine
- NAUDEQ Company
- Comex
Highlights of The Marine Dynamic Positioning System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thruster Systems
- DP Control Systems
- Sensors
- Power Systems
- By Application:
- Passenger Ship
- Merchant Vessel
- Offshore Vessel
- Naval Vessel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Dynamic Positioning System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine Dynamic Positioning System (MDS) is a navigation system that uses data from an inertial measurement unit and global positioning system to determine the vessel's position and motion.
Some of the major companies in the marine dynamic positioning system market are Kongsberg Maritime, General Electric, Wƒâ€žRTSILƒâ€ž, Marine Technologies, Moxa, Navis Engineering, Volvo Penta, Praxis Automation Technology, Rolls-Royce, Twindisc, Reygar, Guidance Marine, NAUDEQ Company, Comex.
The marine dynamic positioning system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Dynamic Positioning System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Dynamic Positioning System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Dynamic Positioning System Market - Supply Chain
4.5. Global Marine Dynamic Positioning System Market Forecast
4.5.1. Marine Dynamic Positioning System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Dynamic Positioning System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Dynamic Positioning System Market Absolute $ Opportunity
5. Global Marine Dynamic Positioning System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Dynamic Positioning System Market Size and Volume Forecast by Type
5.3.1. Thruster Systems
5.3.2. DP Control Systems
5.3.3. Sensors
5.3.4. Power Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Dynamic Positioning System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Dynamic Positioning System Market Size and Volume Forecast by Application
6.3.1. Passenger Ship
6.3.2. Merchant Vessel
6.3.3. Offshore Vessel
6.3.4. Naval Vessel
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Dynamic Positioning System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Dynamic Positioning System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Dynamic Positioning System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Dynamic Positioning System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Dynamic Positioning System Demand Share Forecast, 2019-2026
9. North America Marine Dynamic Positioning System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Dynamic Positioning System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Dynamic Positioning System Market Size and Volume Forecast by Application
9.4.1. Passenger Ship
9.4.2. Merchant Vessel
9.4.3. Offshore Vessel
9.4.4. Naval Vessel
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Dynamic Positioning System Market Size and Volume Forecast by Type
9.7.1. Thruster Systems
9.7.2. DP Control Systems
9.7.3. Sensors
9.7.4. Power Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Dynamic Positioning System Demand Share Forecast, 2019-2026
10. Latin America Marine Dynamic Positioning System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Dynamic Positioning System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Dynamic Positioning System Market Size and Volume Forecast by Application
10.4.1. Passenger Ship
10.4.2. Merchant Vessel
10.4.3. Offshore Vessel
10.4.4. Naval Vessel
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Dynamic Positioning System Market Size and Volume Forecast by Type
10.7.1. Thruster Systems
10.7.2. DP Control Systems
10.7.3. Sensors
10.7.4. Power Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Dynamic Positioning System Demand Share Forecast, 2019-2026
11. Europe Marine Dynamic Positioning System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Dynamic Positioning System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Dynamic Positioning System Market Size and Volume Forecast by Application
11.4.1. Passenger Ship
11.4.2. Merchant Vessel
11.4.3. Offshore Vessel
11.4.4. Naval Vessel
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Dynamic Positioning System Market Size and Volume Forecast by Type
11.7.1. Thruster Systems
11.7.2. DP Control Systems
11.7.3. Sensors
11.7.4. Power Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Dynamic Positioning System Demand Share, 2019-2026
12. Asia Pacific Marine Dynamic Positioning System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Dynamic Positioning System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Dynamic Positioning System Market Size and Volume Forecast by Application
12.4.1. Passenger Ship
12.4.2. Merchant Vessel
12.4.3. Offshore Vessel
12.4.4. Naval Vessel
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Dynamic Positioning System Market Size and Volume Forecast by Type
12.7.1. Thruster Systems
12.7.2. DP Control Systems
12.7.3. Sensors
12.7.4. Power Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Dynamic Positioning System Demand Share, 2019-2026
13. Middle East & Africa Marine Dynamic Positioning System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Dynamic Positioning System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Dynamic Positioning System Market Size and Volume Forecast by Application
13.4.1. Passenger Ship
13.4.2. Merchant Vessel
13.4.3. Offshore Vessel
13.4.4. Naval Vessel
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Dynamic Positioning System Market Size and Volume Forecast by Type
13.7.1. Thruster Systems
13.7.2. DP Control Systems
13.7.3. Sensors
13.7.4. Power Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Dynamic Positioning System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Dynamic Positioning System Market: Market Share Analysis
14.2. Marine Dynamic Positioning System Distributors and Customers
14.3. Marine Dynamic Positioning System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kongsberg Maritime
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. WÄRTSILÄ
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Marine Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Moxa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Navis Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volvo Penta
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Praxis Automation Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rolls-Royce
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Twindisc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Reygar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guidance Marine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NAUDEQ Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Comex
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
