[email protected]   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Dynamic Positioning System Market Share

ID: MRFR//7281-CR | 128 Pages | Author: Priya Nagrale| February 2024

Introduction: Navigating the Competitive Landscape of Dynamic Positioning Systems

In the evolution of the dynamic positioning system, the competition is mainly influenced by the speed of technological adoption, the abolition of regulatory barriers and the rising expectations of consumers in terms of safety and efficiency. The main players, including car manufacturers, IT integrators, suppliers of industrial equipment and new AI players, are deploying the latest technological advances, such as data analysis, automation and IoT. These differentiating elements not only enhance the operational capabilities, but also the market positioning, which is reoriented towards a green and sustainable approach through green building projects. The geographical opportunities are mainly in Asia-Pacific and Europe, where strategic deployments are in line with government mandates for improved maritime safety and compliance. Looking ahead to 2024 and 2025, a better understanding of these market dynamics will be essential for C-level managers and strategic planners to anticipate market disruptions and maintain their competitive advantage.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions that integrate various aspects of dynamic positioning systems, providing end-to-end capabilities.

VendorCompetitive EdgeSolution FocusRegional Focus
Kongsberg Maritime (Kongsberg Gruppen) Strong legacy in maritime technology Dynamic positioning and automation Global
General Electric Broad industrial expertise and innovation Integrated DP systems and services North America, Europe, Asia
ABB Ltd. Advanced automation and control solutions DP systems and electrical solutions Global
Wärtsilä Comprehensive marine technology portfolio DP systems and marine services Global

Specialized Technology Vendors

These vendors focus on niche technologies within the dynamic positioning market, offering specialized solutions tailored to specific needs.

VendorCompetitive EdgeSolution FocusRegional Focus
L3Harris Technologies, Inc. Expertise in advanced communication systems Navigation and positioning technologies North America, Europe
Marine Technologies, LLC Innovative software solutions for DP Dynamic positioning software Global
Navis Engineering Focus on maritime software solutions DP software and systems Global

Infrastructure & Equipment Providers

These vendors supply the essential hardware and infrastructure components necessary for effective dynamic positioning systems.

VendorCompetitive EdgeSolution FocusRegional Focus
Rolls-Royce Holdings PLC Strong engineering and manufacturing capabilities Marine propulsion and DP systems Global
NORR Systems AS Specialized in marine control systems DP hardware and systems integration Europe
Bosch Rexroth AG Expertise in drive and control technology Hydraulic and electrical systems for DP Global

Emerging Players & Regional Champions

  • The Kongsberg Group (Norway) specializes in advanced marine technology, including dynamic positioning systems for offshore vessels. The company recently won a contract to supply dynamic positioning systems for new drill ships, competing with established players like Rolls-Royce by offering a more integrated solution.
  • Wärtsilä (Finland): A wide range of dp systems, with a focus on energy efficiency and sustainable development. Recent dp system implementation for a wind-power plant, a dp system that combines energy efficiency with the green credentials of the traditional dp system suppliers.
  • Navis (Australasia): Concentrates on developing software for marine traffic control and dynamic positioning. It has recently been working with a shipping company to improve the efficiency of its fleet. It is taking on the established suppliers with its software-driven approach.
  • MARINE TECHNOLOGIES (USA): Provides a variety of DP systems designed for smaller vessels and special applications. This company has launched a new product line for the fishing industry that complements the offerings of the larger vendors.

Regional Trends: In 2024, the use of dynamic positioning systems increases considerably in the Asia-Pacific region, because of the growth of offshore wind farms and increased maritime traffic. Artificial intelligence and machine learning are increasingly used to increase automation and safety. The trend towards sustainable solutions is also evident in the new players, who are putting greater emphasis on environmentally friendly solutions to meet the demands of the market and regulatory requirements.

Collaborations & M&A Movements

  • Kongsberg Gruppen and Rolls-Royce formed a partnership to develop advanced dynamic positioning systems for the maritime industry, aiming to enhance safety and efficiency in offshore operations.
  • DNV GL acquired the software company Veracity in early 2024 to strengthen its digital solutions portfolio, focusing on improving data management and analytics for dynamic positioning systems.
  • ABB and Wärtsilä entered into a collaboration to integrate their technologies for hybrid propulsion systems, enhancing the capabilities of dynamic positioning systems in reducing emissions and operational costs.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Biometric Self-Boarding Gemalto, SITA Gemalto has already implemented biometric self-boarding solutions in several major airports, improving passenger flow and reducing waiting times. SITA's Smart Path technology has been adopted by several carriers, proving its effectiveness in streamlining boarding.
AI-Powered Ops Mgmt IBM, Siemens IBM's Watson AI is utilized in operational management for predictive analytics, improving decision-making in real-time. Siemens has integrated AI into its Dynamic Positioning Systems, optimizing vessel movements and reducing operational costs.
Border Control Thales, Accenture Thales has developed border control solutions based on the most advanced facial recognition systems, which reduce the waiting time at border crossings. Accenture, in partnership with governments, has implemented solutions for intelligent border management which improve both security and efficiency.
Sustainability ABB, Kongsberg ABB's Dynamic Positioning System is designed to reduce fuel consumption and to meet the requirements of the world's sustainable development goals. Using eco-friendly solutions to optimize the operation of vessels, Kongsberg has shown its commitment to reducing the impact on the environment.
Passenger Experience Airbus, Boeing The resulting increased satisfaction with the aircraft’s performance has been a source of pride for Airbus. In its new aircraft, which are a great success with passengers, Boeing has also incorporated the latest technology.

Conclusion: Navigating Competitive Waters in 2024

The dynamic positioning system market in 2024 will be characterized by a highly fragmented, highly competitive environment. In the geographical regions, the trends towards automation and sustainability are increasing, especially in North America and Europe, where regulatory developments are driving innovation. The strategic positioning of the suppliers is to take advantage of new capabilities, such as artificial intelligence and flexibility, to enhance the operational efficiency and meet the changing needs of the customer. The suppliers of the existing system are mainly focused on introducing these new capabilities. New entrants will use their agility to launch disruptive solutions. Artificial intelligence, automation and sustainable practices will be the main indicators of market leadership and long-term success in this rapidly evolving market.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 8.34% (2023-2032)
Leading companies partner with us for data-driven Insights
clients
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.