Dynamic Positioning System (DPS) Market was valued at USD 4.25 Billion in 2022 and is projected to reach USD 7.76 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The Dynamic Positioning System (DPS) market has undergone significant transformation between 2018 and 2022, driven by advances in technology, a surge in offshore activities, and the growing need for automation across industries such as oil and gas, shipping, and marine exploration. During this period, the DPS market demonstrated a steady growth rate, with an increase in demand for systems capable of providing precise control over the position of vessels and rigs. The 2018-2022 phase saw key developments in DPS technology, such as improved algorithms, integration of artificial intelligence (AI), and enhanced user interfaces. As a result, industries relying on offshore platforms, drilling rigs, and vessels increasingly adopted DPS solutions to ensure safety, efficiency, and operational stability, especially in harsh marine environments.
In terms of revenue generation, the market growth from 2018 to 2022 was primarily driven by the expanding oil and gas exploration activities, particularly in deepwater and ultra-deepwater drilling. High investments in offshore energy projects, including renewable energy sources like wind and tidal power, also contributed to the demand for more sophisticated DPS solutions. However, factors such as fluctuating oil prices and stringent regulatory standards impacted the rate of adoption in certain regions. Manufacturers and service providers focused on developing more reliable, scalable, and cost-effective systems to address these challenges. The period also witnessed the integration of hybrid systems and the growing use of advanced positioning technologies, such as satellite-based positioning systems, which further contributed to DPS market expansion.
The demand for DPS solutions in the market is expected to continue growing from 2023 to 2033, with a surge in offshore energy projects, increased focus on sustainable energy solutions, and the need for more efficient marine operations. As global energy demands continue to evolve, there is a noticeable shift towards offshore renewable energy installations, like floating wind farms, which require highly specialized DPS solutions. Additionally, advancements in AI and machine learning technologies are expected to revolutionize DPS systems by providing better real-time decision-making capabilities, predictive maintenance features, and enhanced safety protocols for personnel and equipment. Furthermore, the growing adoption of automation in maritime industries, particularly for unmanned vessels and drones, is expected to drive new opportunities in the DPS sector.
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Kongsberg Gruppen ASA
General Electric Company
Wartsila Oyj ABP
ABB Group
Rolls-Royce PLC
L-3 Communications Holdings
Inc
AB Volvo Penta
Navis Engineering
Marine Technologies LLC
Praxis Automation & Technology B.V.
NORR Systems Pte Ltd
Moxa Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dynamic Positioning System (DPS) Market
Passenger Ships
Merchant Vessels
Offshore Vessels
Naval Vessels
Based on Types the Market is categorized into Below types that held the largest Dynamic Positioning System (DPS) market share In 2023.
Class 1
Class 2
Class 3
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dynamic Positioning System (DPS) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dynamic Positioning System (DPS) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dynamic Positioning System (DPS) Market, By Type
6. Global Dynamic Positioning System (DPS) Market, By Application
7. Global Dynamic Positioning System (DPS) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dynamic Positioning System (DPS) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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