Dynamic Positioning System Market Research Report - Global Forecast till 2027

Global Dynamic Positioning System Market Research Report: By Subsystem (Control System, Thruster System, Power System, and others), Equipment Class (Class 1, Class 2 and Class 3), Application (Merchant Vessels, Passenger Vessels, Naval Vessels, and Offshore Vessels) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/E&P/7281-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of the report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Dynamic positioning systems automatically controls the position and heading of a vessel by deploying thrusters that are constantly active and balance the environmental forces such as wind, waves, and current. Dynamic positioning systems usually is used by offshore vessels for accurate maneuvering in order to maintain a fixed position or for track keeping. The types of vessel which use dynamic positioning system include offshore drilling vessels, pipe-laying & offshore construction vessels, offshore support vessel, shuttle tankers, and dredging vessels.


The Global Dynamic Positioning System Market size is projected to reach USD 685 Million by 2025, at an approximate CAGR of 4.02% between 2019 and 2025.   


The major factors driving the growth of the global dynamic positioning system market include an increasing number of offshore patrol vessels and technological advancements.  Additionally, the growing application of dynamic positioning systems in FPSO operations would create opportunities for the global dynamic positioning system industry. However, system complexity and high maintenance of mechanical components is likely to hinder the growth of the global dynamic positioning system market.


Many major players such as Volvo Penta, ABB, General Electric, Kongsberg Gruppen, and Wartsila Corporation are focusing on developing new products related to the dynamic positioning systems. Such players are actively focusing on market entry strategy by developing new products in order to offer the best suitable dynamic positioning systems. For instance, in September 2018, ABB launched a new product namely Marine Pilot Control which reduces the workload on automating navigational tasks. This new product launch has helped the company in order to enhance its product portfolio.    


The global dynamic positioning system market has been segmented based on subsystem, equipment class, application, and region. By subsystem, the global market includes a control system, a thruster system, a power system, and others. The control system segment is expected to hold the largest share as control components and systems, being an integral part of the control system is necessary to dynamically position the vessel.  On the basis of the dynamic positioning equipment class, the global market is segmented into class 1, class 2, and class 3. The class 3 segment is expected to register the highest CAGR during the forecast period as this segment includes a dynamic positioning system that provides accuracy in a vessel’s position as compared to other class types. By application, the global dynamic positioning system market has been segmented into merchant vessels, passenger vessels, naval vessels, and offshore vessels. The offshore vessel segment is expected to hold the largest share within the global dynamic positioning system market owing to increasing offshore drilling by the oil & gas industry.


The Global Dynamic Positioning System Market is expected to register an approximate CAGR of 4.02% during the forecast period.


Market Segmentation  Dynamic Positioning System Market


The global dynamic positioning system market is expected to witness high growth during the forecast period owing to the increasing number of offshore patrol vessels, as a part of dynamic positioning vessel and expansion of oil & gas refineries.  


By region, the global dynamic positioning system market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest and fastest-growing regional dynamic positioning system market, owing to the rising number of offshore patrol vessels and technological advancements in the region.  


Key Players


The key players operating in the global dynamic positioning system market are Volvo Penta, ABB, General Electric, Kongsberg Gruppen, Moxa Inc., Marine Technologies LLC, Rolls-Royce PLC, Praxis Automation, Wartsila Corporation, Navis Engineering Oy, L-3 Communications Holdings, Inc., NORR Systems Pte Ltd, Guidance Marine, JRC, and Master Boat Builders Inc.


Intended Audience



  • Government and research organization

  • Consulting companies in the dynamic positioning system market

  • Raw material suppliers

  • Research consultants

  • Investors and shareholders



Frequently Asked Questions (FAQ) :


The global dynamic positioning system market is estimated to value USD 685 million by the end of 2025.

The global positioning system market is estimated to thrive at a CAGR of 4.02% during the forecast period from 2019 to 2025.

The increasing number of offshore patrol vessels and technological advancements are the most significant factor leading to market expansion.

The most distinguished players of the global dynamic positioning system market are Volvo Penta, ABB, General Electric, Kongsberg Gruppen, Moxa Inc., Marine Technologies LLC, Rolls-Royce PLC, Praxis Automation, Wartsila Corporation, Navis Engineering Oy, L-3 Communications Holdings, Inc., NORR Systems Pte Ltd, Guidance Marine, JRC, and Master Boat Builders Inc.

The global dynamic positioning system market has been segmented into North America, Asia-Pacific, Europe, and the Middle East. Among all. The APAC region is estimated to be the fastest-growing regional market.