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Dynamic Positioning System Market Share

Report ID: GMI10602
Published Date: Aug 2024
Report Format: PDF

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Dynamic Positioning System Market Share

A.B Volvo and ABB Group hold a significant share of the market. A.B. Volvo, a prominent player in the automotive and transport solutions sector, extends its technological prowess to bolster the dynamic positioning system (DPS) market. Operating through its arm, Volvo Penta, the company delivers comprehensive marine propulsion systems, integrating cutting-edge DPS technology. A.B. Volvo's unwavering commitment to innovation, reliability, and sustainability ensures its offerings not only boost vessel maneuverability but also elevate safety standards. With its suite of advanced marine engines and DPS solutions, A.B. Volvo is pivotal in propelling the efficiency and capabilities of contemporary marine navigation and positioning systems, catering to a spectrum of maritime sectors, from commercial shipping to offshore operations.

ABB Group stands as a key player in the dynamic positioning system (DPS) sector. ABB's lineup boasts the ABB Ability™ Marine Pilot Control, a pivotal component that seamlessly integrates with DPS, elevating vessel control and positioning. Renowned for their precision, reliability, and energy efficiency, ABB's solutions cater to a broad spectrum of maritime needs, spanning from offshore support vessels to luxurious cruise liners. By amalgamating state-of-the-art automation, control systems, and digital advancements, ABB not only champions safer and more efficient maritime operations but also spearheads innovations in the DPS realm, underscoring its dedication to sustainable marine technologies.

Dynamic Positioning System Market Companies

Major players operating in the Dynamic Positioning System industry are:

ABB
Alphatron Marine
GE Vernova
Japan Radio Company
Kongsberg
L3 Harris
Marine Technologies
Navis Engineering
Norr Systems
Praxis Automation Technology
RH Marine
Rolls Royce
Royal IHC
Sonardyne
Thrustmaster of Texas
Twin Disc
Veethree
Volvo Penta
Wartsila
Xenta Systems

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global industry size for dynamic positioning system was valued at USD 8.31 billion in 2023 and is anticipated to register over 11.2% CAGR between 2024 and 2032, driven by advancements in maritime technology and the rising demand for precision in vessel operations.

The commercial segment in the dynamic positioning system market is predicted to record 10% CAGR through 2032, fueled by the escalating volume of maritime trade along with the amplified emphasis on navigational safety and efficiency.

Asia Pacific market accounted for 33% revenue share in 2023, driven by the extensive shipbuilding sector and significant investments in maritime infrastructure.

A.B Volvo, ABB Group, General Electric Company, Kongsberg Gruppen, Rolls Royce PLC., Twin Disc, and Wartsila.