Marine Dynamic Positioning System Market by Subsystem (Control Systems, Power System, Thruster System), Equipment (Class 1, Class2, and Class 3), Application (Naval Vessel, Offshore Vessel) - Global Opportunity Analysis & Industry Forecast, 2014 - 2022 Update Available On-Demand
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AU_171832
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Pages: 150
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Feb
2017 |
5477 Views
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Author(s) :
Priya Shahi & Komal Sharma
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Tables: 50
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Charts: 62
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Formats*:
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Marine Dynamic Positioning System Market Overview:
Global marine dynamic positioning system market size is expected to reach $2,127 million in 2022 from $1,594 million in 2015, growing at a CAGR of 3.8% from 2016 to 2022. The predetermined tracks in the deep waters for the vessels to be followed are maintained by the use of marine dynamic positioning system. The consistent calibration between the desired location and the measured location ensures accurate vessel positioning. This not only helps the vessels to maintain certain position and heading but also safeguards the ship.
Marine dynamic positioning system is vital for the offshore vessels so that a small envelop of position is maintained. Drilling vessels, diving support vessels, supply vessels, floating, production vessels, storage vessels, and offloading vessels (FPSOs) are some of the ships equipped with dynamic positioning systems.
The growth of the marine dynamic positioning system industry is driven by the growth in offshore windmill installations, increase in the number of offshore patrol vessels, and rise in deployment of research vessels. In addition, growth in international trade via sea routes and increase in operations in the offshore market fuel the growth of the market. However, the expected downturn in the shipbuilding & offshore industries, and high maintenance requirement for mechanical components of the dynamic positioning system restrain the market growth.
The offshore oil & gas refinery sector witnessed significant growth in the past few years, owing to growth in investments by the market players to develop advanced and innovative systems for efficient operations of vessels. For instance, Farstad Shipping used the latest generation of dynamic positioning systems in its newly constructed vessel, Far Sleipner. However, high implementation cost and dearth of reliable communication & operators are the major restraints that hamper the market growth
Market Segmentation
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Market Trends Related to the Ecosystem
The expected downturn in the offshore industry and the weakening shipbuilding industry are anticipated to impact the overall marine dynamic positioning system market in the coming years. The deterioration in the market conditions for offshore oil & gas industry and decline in oil prices are some of the reasons that restrain the market growth. In addition, global oversupply, recessions, and change in economic fundamentals limit the growth of the shipbuilding industry.
Geographical Scenario
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Europe was the highest contributor to the global marine dynamic positioning system market with around 32.0% of the total market share in 2015, and is anticipated to lose the dominance to Asia-Pacific by the end 2022. This shift in market share is primarily attributed to the decline in shipbuilding industry in Europe while the dependence on trade and utilizing sea route aggravates the importance of maritime industry in Asia-Pacific nations. The high focus of India on changing security strategies along with China is anticipated to fuel the deployment of naval vessels, thereby, supporting the dynamic positioning system market. Â
Top Investment Pockets
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The investment opportunities across various applications are identified by analyzing parameters such as ongoing developments, product availability, technological viability, growth in the revenue in the future, and the rate of adoption. Others include yacht, commercial, and passenger vessels that presents lucrative opportunities for dynamic positioning system market, thereby, becoming the most attractive market for DP systems in the forthcoming years.
The key players profiled in the report 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.
Key Benefits
- 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 projections in the report are based on analysis of the current trends and highlight the market potential for the period of 2016–2022, in terms of value.
- The report conducts extensive analysis of the market by closely following key product positioning and monitoring the top contenders within the industry.
- The report also provides quantitative and qualitative trends to help the stakeholders to understand the situations prevailing in the market.
Marine Dynamic Positioning System Market Key Segmentation
By Sub-system
- Control System
- Power System
- Thruster System
- Others (Sensing Systems and Measurement Systems)
By Equipment Class
- Class 1
- Class 2
- Class 3
By Application
- Naval Vessels
- Offshore Vessels
- Others (Commercial and Passenger)
By Geography
- North America
- Canada
- Mexico
- U.S.
- Europe
- Germany
- Netherlands
- UK
- Rest of Europe
- Asia-pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Rest of Asia-Pacific
- LAMEA
- Africa
- Latin America
- Middle East
Key Companies
- ABB
- AB Volvo Penta
- General Electric Co.
- Kongsberg Gruppen ASA
- Marine Technologies LLC
- Moxa Inc.
- Navis Engineering Oy
- Praxis Automation
- Rolls-Royce PLC
- Wartsila Corporation
Other Companies in Value Chain
- Guidance Marine
- JRC
- Master Boat Builders Inc.
- RH Marine
- Thrustmaster of Texas, Inc.
*Profiles of these players are not included. The same will be included on request
CHAPTER 1 INTRODUCTION
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
2.1. CXPerspective
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
3.5.1. Drivers
3.5.1.1. Growing Windmill Farm Industry
3.5.1.2. Increasing Number of Vessels in the Sea
3.5.1.3. Growing Security Concerns
3.5.2. Restraints
3.5.2.1. Maintenance of Mechanical Components
3.5.2.2. Decline in Related Industry Verticals
3.5.3. Opportunities
3.5.3.1. Increasing Participation of Key Players for Integration of Improved Features
3.5.3.2. Growth Safety Concerns
CHAPTER 4 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM
4.1. Overview
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. Others
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. Overview
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. Overview
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. Others
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. Overview
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
7.2.3. U.S.
7.2.3.1. Market Size and Forecast
7.2.4. Canada
7.2.4.1. Market Size and Forecast
7.2.5. Mexico
7.2.5.1. Market Size and Forecast
7.3. Europe
7.3.1. Key Market Trends, Growth Factors & Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany
7.3.3.1. Market Size and Forecast
7.3.4. The Netherlands
7.3.4.1. Market Size and Forecast
7.3.5. UK
7.3.5.1. Market Size and Forecast
7.3.6. Rest of Europe
7.3.6.1. Market Size and Forecast
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors & Opportunities
7.4.2. Market Size and Forecast
7.4.3. China
7.4.3.1. Market Size and Forecast
7.4.4. Japan
7.4.4.1. Market Size and Forecast
7.4.5. India
7.4.5.1. Market Size and Forecast
7.4.6. South Korea
7.4.6.1. Market Size and Forecast
7.4.7. Taiwan
7.4.7.1. Market Size and Forecast
7.4.8. Rest of Asia-Pacific
7.4.8.1. 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
7.5.3. Africa
7.5.3.1. Market Size and Forecast
7.5.4. Latin America
7.5.4.1. Market Size and Forecast
7.5.5. Middle East
7.5.5.1. 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. ABB
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
*OTHER PLAYERS IN THE VALUE CHAIN INCLUDE
- Guidance Marine
- JRC
- Master Boat Builders Inc.
- RH Marine
- Thrustmaster of Texas, Inc
*PROFILES OF THESE PLAYERS ARE NOT INCLUDED. THE SAME WILL BE INCLUDED ON REQUES
LIST OF TABLES
TABLE 1 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
TABLE 2 CONTROL SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 3 POWER SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 4 THRUSTER SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 5 OTHERS MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 6 CLASS 1 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 7 CLASS 2 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 8 CLASS 3 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 9 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 10 NAVAL VESSEL MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 11 NAVAL VESSEL MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 12 OTHERS MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY REGION 2014-2022 ($MILLION)
TABLE 13 MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14 NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
TABLE 15 NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS
TABLE 16 NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 17 NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18 EUROPE MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
TABLE 19 EUROPE MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS, 2014-2022 ($MILLION)
TABLE 20 EUROPE MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 21 EUROPE MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22 APAC MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
TABLE 23 APAC MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS, 2014-2022 ($MILLION)
TABLE 24 APAC MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 25 APAC MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 26 LAMEA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
TABLE 27 LAMEA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS, 2014-2022 ($MILLION)
TABLE 28 LAMEA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 29 LAMEA MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY GEOGRAPHICAL REGION, 2014-2022 ($MILLION)
TABLE 30 ABB: COMPANY SNAPSHOT
TABLE 31 ABB: OPERATING SEGMENTS
TABLE 32 AB VOLVPENTA: COMPANY SNAPSHOT
TABLE 33 AB VOLVPENTA: OPERATING SEGMENTS
TABLE 34 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 35 GENERAL ELECTRIC CO.: OPERATING SEGMENTS
TABLE 36 KONGSBERG GRUPPEN: COMPANY SNAPSHOT
TABLE 37 KONGSBERG GRUPPEN: OPERATING SEGMENTS
TABLE 38 MARINE TECHNOLOGIES LLC: COMPANY SNAPSHOT
TABLE 40 MARINE TECHNOLOGIES LLC: OPERATING SEGMENTS
TABLE 41 MOXA INC: COMPANY SNAPSHOT
TABLE 42 MOXA INC: OPERATING SEGMENTS
TABLE 43 NAVIS ENGINEERING OY: COMPANY SNAPSHOT
TABLE 44 NAVIS ENGINEERING OY: OPERATING SEGMENTS
TABLE 45 PRAXIS AUTOMATION: COMPANY SNAPSHOT
TABLE 46 PRAXIS AUTOMATION: OPERATING SEGMENTS
TABLE 47 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
TABLE 48 ROLLS-ROYCE PLC: OPERATING SEGMENTS
TABLE 49 WARTSILA CORPORATION: COMPANY SNAPSHOT
TABLE 50 WARTSILA CORPORATION: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. KEY TRENDS FOLLOWED BY MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 2. EVOLUTION OF MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013 - 2016)
FIGURE 4. THE TOP INVESTMENT POCKETS FOR MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 5. BARGAINING POWER OF BUYERS
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. THREAT OF SUBSTITUTION
FIGURE 8. THREAT OF NEW ENTRANT
FIGURE 9. COMPETITIVE RIVALRY
FIGURE 10. MARKET PLAYER POSITIONING, 2015
FIGURE 11. IMPACT ANALYSIS OF THE FACTORS IMPACTING THE GLOBAL MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 12. MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY PRODUCT
FIGURE 13. MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM, 2014-2022 ($MILLION)
FIGURE 14. CONTROL SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 15. POWER SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 16. THRUSTER SYSTEM MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 17. OTHERS MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 18. SNAPSHOT OF MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT CLASS
FIGURE 19. CLASS 1 MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 20. CLASS 2 MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 21. CLASS 3 MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 22. SNAPSHOT OF MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION
FIGURE 23. KEY MARKET TRENDS FOR NAVAL VESSELS
FIGURE 24. NAVAL VESSEL MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 25. OFFSHORE VESSEL MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 26. OTHERS MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE AND FORECAST, 2014-2022 ($MILLION)
FIGURE 27. SNAPSHOT OF MARINE DYNAMIC POSITIONING SYSTEM MARKET, BY GEOGRAPHY
FIGURE 28. SNAPSHOT OF NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 29. KEY MARKET TRENDS FOR NORTH AMERICA
FIGURE 30. NORTH AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 31. U.S. MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 32. CANADA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 33. MEXICMARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 34. SNAPSHOT OF EUROPE MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 35. KEY MARKET TRENDS FOR EUROPE
FIGURE 36. GERMANY MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 37. THE NETHERLANDS MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 38. UK MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 39. ROE MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 40. SNAPSHOT OF ASIA-PACIFIC MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 41. KEY MARKET TRENDS FOR ASIA-PACIFIC
FIGURE 42. CHINA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 43. JAPAN MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 44. INDIA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 45. SOUTH KOREA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 46. TAIWAN MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 47. REST OF ASIA-PACIFIC MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 48. SNAPSHOT OF LAMEA MARINE DYNAMIC POSITIONING SYSTEM MARKET
FIGURE 49. KEY MARKET TRENDS FOR LAMEA
FIGURE 50. AFRICA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 51. LATIN AMERICA MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 52. MIDDLE EAST MARINE DYNAMIC POSITIONING SYSTEM MARKET REVENUE & FORECAST, 2014-2022 ($MILLION)
FIGURE 53. ABB: COMPANY SNAPSHOT
FIGURE 54. AB VOLVPENTA: COMPANY SNAPSHOT
FIGURE 55. GENERAL ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 56. KONGSBERG GRUPPEN: COMPANY SNAPSHOT
FIGURE 57. MARINE TECHNOLOGIES LLC: COMPANY SNAPSHOT
FIGURE 58. MOXA INC: COMPANY SNAPSHOT
FIGURE 59. NAVIS ENGINEERING OY: COMPANY SNAPSHOT
FIGURE 60. PRAXIS AUTOMATION: COMPANY SNAPSHOT
FIGURE 61. ROLLS-ROYCE PLC: COMPANY SNAPSHOT
FIGURE 62. WARTSILA CORPORATION: COMPANY SNAPSHOT
The dynamic positioning system was first introduced in 1960s to track predetermined routes in the deep waters. It evolved with the notion to suppress the first-order wave-induced motion created by high currents. With the help of advancement in technology and participation of the some of the early innovators in the field of dynamic positioning such as Honeywell and Kongsberg, higher level of sophistication in vessel control was achieved. Introduction of control system with advanced features such as DP-assisted position mooring systems, automatic maneuvering in shallow water & harbor areas, formation sailing, and automatic collision avoidance provided lucrative opportunities for the industry.
Presently, all the offshore vessels being deployed in the sea are equipped with dynamic positioning system. The ability to operate with positioning accuracy fuels the adoption of dynamic positioning system in vessels. In addition, restriction offered by the existing subsea structure on the seabed for anchoring is another factor that necessitates the installation of these systems.
As per the directive of various association such as International Maritime Organization (IMO), American Bureau of Shipping (ABS), and others, the offshore ships need to be equipped with dynamic positioning systems. The overall international trade volume is expected to grow in the coming years owing to growth in seaborne shipment. This is anticipated to have a positive impact on the volume of vessels being deployed in the sea, thus driving the growth of the market. Ships that are integrated with dynamic positioning systems include drilling vessels; diving support vessels; supply vessels; floating, production, storage, and offloading vessels (FPSOs); and others.
The major players operating in the market are General Electric Co., Kongsberg Gruppen, Marine Technologies LLC, Moxa Inc, Navis Engineering Oy, AB Volvo Penta, Praxis Automation Technology B.V., Rolls Royce, and others. These players are now focusing on providing integrated products with improved specification and functionality for certain operations under one system itself. For instance, in December 2016, Navis Engineering launched updates for its product AP4000, which include capability to interface with voyage data recorder (VDR), bridge alert management (BAM), bridge navigational watch alarm system (BNWAS), and external alarm system in main control unit, so no separate interface box is needed.
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