Dynamic positioning system (DPS) is a computer-controlled system installed in ships to maintain its position in the water body. The system utilizes thrusters, propellers, and rudders to withstand external forces such as wind, waves, and water current. It ensures the safety and security of vessels by maintaining the positioning accuracy and improves stability. Redundancy is the ability of a system to retain its functions in case of single failure or fault, which is a crucial factor considered while choosing the appropriate DPS for ships. The equipment class of a DPS is defined based on its redundancy. According to the standards of International Maritime Organization (IMO), the dynamically positioned ships are:
CLASS 1: No Redundancy
CLASS 2: Has redundancy so that single fault in an active system would lead to the failure of the overall system to fail
CLASS 3: Has redundancy with the ability to withstand fire or flood in any one compartment without system failure
Furthermore, the marine dynamic positioning system helps in automatically maintaining the position of vessels using subcomponents such as thrusters, control unit, and power management system. The dynamic positioning system market is segmented based on subsystem, equipment class, application, and geography. By subsystem, the dynamic positioning system market is categorized into control systems, power systems, thruster systems, and others. The equipment class includes class1, class 2, and class 3 systems. Applications covered in the study include naval vessels, offshore vessels, and others.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (including country-level analysis for each region).
The key players operating in the marine dynamic positioning system market are ABB, General Electric Co., Kongsberg Gruppen, Marine Technologies LLC, Moxa Inc, Navis Engineering Oy, AB Volvo Penta, Praxis Automation Technology B.V., Rolls Royce, and Wartsila Corporation. Other players in the value chain include Thrustmaster of Texas, Inc., JRC, Guidance Marine, and Master Boat Builders Inc.
The report provides an in-depth analysis of the marine dynamic positioning system market across major geographies and the estimated revenues generated during the forecast period.
The entire projections in the report are based on analysis of the current trends that highlight the market potential for the period of 2016–2022, in terms of value.
The report conducts extensive analysis by closely following key product positioning and monitoring the top contenders within the market framework.
The report also provides quantitative and qualitative trends to help the stakeholders to understand the situations prevailing in the market.
MARINE DYNAMIC POSITIONING SYSTEM SEGMENTATION
Others (Sensing Systems and Measurement Systems)
BY EQUIPMENT CLASS
Others (Commercial and Passenger)
Rest of Europe
Rest of Asia-Pacific
AB Volvo Penta
General Electric Co.
Kongsberg Gruppen ASA
Marine Technologies LLC
Navis Engineering Oy
Other Companies in Value Chain
Master Boat Builders Inc.
Thrustmaster of Texas, Inc.
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets
3.3. Porters Five Forces Analysis
3.4. Market Player Positioning, 2015
3.5. Market Dynamics
188.8.131.52. Growing Windmill Farm Industry
184.108.40.206. Increasing Number of Vessels in the Sea
220.127.116.11. Growing Security Concerns
18.104.22.168. Maintenance of Mechanical Components
22.214.171.124. Decline in Related Industry Verticals
126.96.36.199. Increasing Participation of Key Players for Integration of Improved Features
188.8.131.52. Growth Safety Concerns
CHAPTER 4 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM
4.1.1. Market Size and Forecast
4.2. Control System
4.2.1. Key Market Trends, Growth Factors & Opportunities
4.2.2. Market Size and Forecast
4.3. Power System
4.3.1. Key Market Trends, Growth Factors & Opportunities
4.3.2. Market Size and Forecast
4.4. Thruster System
4.4.1. Key Market Trends, Growth Factors & Opportunities
4.4.2. Market Size and Forecast
4.5.1. Key Market Trends, Growth Factors & Opportunities
4.5.2. Market Size and Forecast
CHAPTER 5 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS
5.1.1. Market Size & Forecast
5.2. Class 1
5.2.1. Key Market Trends, Growth Factors & Opportunities
5.2.2. Market Size and Forecast
5.3. Class 2
5.3.1. Key Market Trends, Growth Factors & Opportunities
5.3.2. Market Size and Forecast
5.4. Class 3
5.4.1. Key Market Trends, Growth Factors & Opportunities
5.4.2. Market Size and Forecast
CHAPTER 6 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION
6.1.1. Market Size and Forecast
6.2. Naval Vessels
6.2.1. Key Market Trends, Growth Factors & Opportunities
6.2.2. Market Size and Forecast
6.3. Offshore Vessel
6.3.1. Key Market Trends, Growth Factors & Opportunities
6.3.2. Market Size and Forecast
6.4.1. Key Market Trends, Growth Factors & Opportunities
6.4.2. Market Size and Forecast
CHAPTER 7 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY GEOGRAPHY
7.1.1. Market Size and Forecast
7.2. North America
7.2.1. Key Market Trends, Growth Factors & Opportunities
7.2.2. Market Size and Forecast
184.108.40.206. Market Size and Forecast
220.127.116.11. Market Size and Forecast
18.104.22.168. Market Size and Forecast
7.3.1. Key Market Trends, Growth Factors & Opportunities
7.3.2. Market Size and Forecast
22.214.171.124. Market Size and Forecast
7.3.4. The Netherlands
126.96.36.199. Market Size and Forecast
188.8.131.52. Market Size and Forecast
7.3.6. Rest of Europe
184.108.40.206. Market Size and Forecast
7.4.1. Key Market Trends, Growth Factors & Opportunities
7.4.2. Market Size and Forecast
220.127.116.11. Market Size and Forecast
18.104.22.168. Market Size and Forecast
22.214.171.124. Market Size and Forecast
7.4.6. South Korea
126.96.36.199. Market Size and Forecast
188.8.131.52. Market Size and Forecast
7.4.8. Rest of Asia-Pacific
184.108.40.206. Market Size and Forecast
7.5. LAMEA (Latin America Middle-East and Africa)
7.5.1. Key Market Trends, Growth Factors & Opportunities
7.5.2. Market Size and Forecast
220.127.116.11. Market Size and Forecast
7.5.4. Latin America
18.104.22.168. Market Size and Forecast
7.5.5. Middle East
22.214.171.124. Market Size and Forecast
CHAPTER 8 RELATED INDUSTRY INSIGHTS
8.1. Global Machine Vision System Market
8.1.1. Executive Summary
8.2. Global Power Line Communication (Plc.) Systems Market
8.2.1. Executive Summary
CHAPTER 9 COMPANY PROFILES
9.1.1. Company Overview
9.1.2. Operating Business Segments
9.1.3. Business Performance
9.1.4. Key Strategic Moves and Developments
9.2. AB VolvPenta
9.2.1. Company Overview
9.2.2. Operating Business Segments
9.2.3 Business Performance
9.2.4. Key Strategic Moves and Developments
9.3. General Electric Co.
9.3.1. Company Overview
9.3.2. Operating Business Segments
9.3.3. Business Performance
9.3.4. Key Strategic Moves and Developments
9.4. Kongsberg Gruppen
9.4.1. Company Overview
9.4.2. Operating Business Segments
9.4.3. Business Performance
9.4.4. Key Strategic Moves and Developments
9.5. Marine Technologies LLC
9.5.1. Company Overview
9.5.2. Operating Business Segments
9.5.3. Business Performance
9.5.4. Key Strategic Moves and Developments
9.6. Moxa Inc.
9.6.1. Company Overview
9.6.2. Operating Business Segments
9.6.3. Business Performance
9.6.4. Key Strategic Moves and Development
9.7. Navis Engineering Oy
9.7.1. Company Overview
9.7.2. Operating Business Segments
9.7.3. Business Performance
9.7.4. Key Strategic Moves and Development
9.8. Praxis Automation
9.8.1. Company Overview
9.8.2. Operating Business Segments
9.8.3. Business Performance
9.8.4. Key Strategic Moves and Development
9.9. Rolls-Royce PLC
9.9.1. Company Overview
9.9.2. Operating Business Segments
9.9.3. Business Performance
9.9.4. Key Strategic Moves and Development
9.10. Wartsila Corporation
9.10.1. Company Overview
9.10.2. Operating Business Segments
9.10.3. Business Performance
9.10.4. KEY Strategic Moves and Development
The growth of the global marine dymic positioning system market is driven by increase in number of offshore patrol vessels, growth in offshore windmill farms, and rise in deployment of research vessels. In addition, increase in seaborne trade in terms of volume and value fuels the growth of the market. However, the anticipated downturn in the shipbuilding & offshore industries and high maintence requirement for the mechanical components of the dymic positioning system limit the market growth.
By subsystem segment, thruster systems accounted for the major market share in 2015, and is expected to maintain this trend during the forecast period. This is attributed to the higher cost of the thruster systems and its long replacement cycle span. The control system and power system held second and third largest market share, respectively, in 2015.
Geographically, Europe accounted for the maximum revenue in 2015, and is anticipated to reach $609 million by 2022, owing to strong manufacturing base of dymic positioning systems along with technical expertise. Moreover, Asia-Pacific is expected to lead the market by the end of forecast period. The future growth trends presented by Chi and other emerging countries of Asia-Pacific in terms of shipbuilding industry substantiates the anticipated lead of the region post 2020.
Key findings of the Marine Dymic Positioning System Market
In 2015, thruster systems generated the highest revenue, accounting for over 34.0% of the global marine dymic positioning system market.
Class 3 segment is are expected to grow at the highest CAGR of 5.7% from 2016 to 2022.
Offshore vessels held the major market share of around 44.0% in 2015, while val vessels is expected to grow at 4.6% by 2022, owing to the increasing usage of DP systems.
Europe accounted for the highest revenue, with UK domiting the market in 2015, accounting 32.0% of total revenue.
The key players profiled in the report are ABB, General Electric Co., Kongsberg Gruppen, Marine Technologies LLC, Moxa Inc, vis Engineering Oy, AB Volvo Penta, Praxis Automation Technology B.V., Rolls Royce, and Wartsila Corporation.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.