The report “Dynamic Positioning System Market by Equipment Class (Class 1, Class 2, Class 3), System (Position Reference & Tracking, Thruster & Propulsion, Power Management, DP Control, Motion & Environment Sensor), Fit, Ship Type & Region – Global Forecast to 2030” The dynamic positioning system market is projected to grow from USD 6.36 billion in 2025 to USD 8.65 billion by 2030, registering a CAGR of 6.3%. The dynamic positioning system market is experiencing significant growth due to major changes in the marine industry. There is an increase in offshore oil & gas projects, which require vessels capable of maintaining a steady position, even in deep waters and harsh weather conditions. The rise of offshore wind energy and other marine renewable projects also necessitates the use of DP systems to install and maintain equipment at sea. Furthermore, the adoption of smart and autonomous technologies in shipping is driving demand for advanced DP systems that enhance safety, control, and operational performance.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44881766
Browse 296 market data Tables and 67 Figures spread through 288 Pages and in-depth TOC on “Dynamic Positioning System Market”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/dynamic-positioning-systems-market-44881766.html
Based on equipment class, the Class 3 segment is expected to record the highest CAGR during the forecast period.
Class 3 is the fastest-growing segment in the Dynamic Positioning System Industry due to its high level of safety and reliability. These systems are specifically designed for offshore operations, where maintaining position is crucial to prevent accidents or damage. DP Class 3 systems are capable of keeping vessels in place even during emergencies, such as fire or flooding, by utilizing backup systems for power, control, and propulsion. They comply with strict international safety standards, making them essential for high-risk operations. As offshore energy projects, including deepwater drilling and subsea construction, continue to expand, the demand for DP Class 3 systems is increasing. These systems are vital for ensuring safe operations in complex and hazardous environments. Although DP Class 3 systems can be expensive, their advanced safety features are essential for critical marine tasks, driving the growth of this segment in the market.
Based on ship type, the commercial vessels segment is expected to be larger than the defense vessels segment during the forecast period.
The commercial vessels segment is dominant in the dynamic positioning system market, as these vessels play a pivotal role in offshore operations. Vessels like offshore support vessels, cable-laying ships, cruise liners, passenger ferries, and tugs require precise station-keeping for offshore construction, wind farm support, cable installation, and transporting passengers. DP systems allow these vessels to operate safely without anchors. As environmental rules get stricter, many companies are upgrading their vessels with improved automation, energy-saving technologies, and hybrid propulsion systems. The growing demand for offshore energy projects and safer marine operations is driving the need for advanced DP systems in commercial vessels.
Asia Pacific is expected to be the second-largest market for dynamic positioning systems during the forecast period.
Asia Pacific is witnessing significant growth in the dynamic positioning system market due to the rise of offshore work. Countries such as China, India, South Korea, Indonesia, and Australia are increasing oil & gas production in deep waters. This necessitates advanced DP systems to keep vessels steady while working. Meanwhile, Japan, South Korea, Taiwan, and Vietnam are building offshore wind farms, which require DP-enabled vessels for setup and repairs. The region also has a robust shipbuilding industry. Shipyards in China, South Korea, and Japan are making many offshore vessels with modern DP systems and upgrading old ones. Governments in the region are helping by pushing safety rules, using digital systems, and upgrading their fleets.
Kongsberg Maritime (Norway), Wärtsilä (Finland), GE Vernova (US), ABB (Switzerland), Sirehna (France), NAVIS (Russia), Rolls-Royce plc (UK), RH Marine Netherlands B.V. (Netherlands), Praxis Automation Technology B.V. (Netherlands), Japan Radio Co. (Japan), Royal IHC (Netherlands), Brunvoll AS (Norway) , Twin Disc, Inc. (US), AB Volvo Penta (Sweden), and L3Harris Technologies, Inc. (US) are the major players in the Dynamic Positioning System Companies. These players have strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Latin America & Africa.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Rohan SalgarkarEmail: Send EmailPhone: 18886006441Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445City: Delray BeachState: FloridaCountry: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/dynamic-positioning-systems-market-44881766.html
