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2021
Naval Vessels Dynamic Positioning Systems (dps) Market

Naval Vessels Dynamic Positioning Systems (DPS) Market by Sub-System Type (Power Systems, Thruster System, DPS Control Systems, and Sensors), by Equipment Class (Class 1, Class 2, and Class 3), and by End-User (Naval Forces, Coast Guards, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2021 | 993 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Naval Vessels Dynamic Positioning Systems (DPS) Market Outlook - 2027

Dynamic positioning (DP) enables a vessel to maintain a predetermined heading and position, fixed or moving, by use of propulsion units to counteract the effects of displacing forces such as wind, current, and wave action. This technique allows the ship’s position and orientation to be safely and efficiently controlled during both routine and complex operations.Dynamic positioning systems are commonly used in the navy, shipping industry for a variety of purposes.It enables a ship to maintain its balance automatically. To maintain vessel location and balance, the dynamic positioning system requires a location reference sensor, together with a motion sensor, wind sensor, and gyrocompass, which provides computer information about the position, magnitude, and direction of environmental forces. It offers the following benefits such as effective maritime activities, an energy-saving network, among others, and helps reduce operating costs and pollution.

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Sub-system type, equipment class, and end-user

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa

Companies covered

ABB Group, AB Volvo Penta, General Electric Company, Kongsberg Gruppen ASA, L-3 Communications Holdings, Marine Technologies LLC, Navis Engineering, Praxis Automation & Technology, Rolls-Royce PLC, and Wartsila Oyj ABP.

 

COVID-19 Scenario Analysis:

  • Major powers like the U.S. have already halted all troop movement, missions, and exercises.

Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential.

  • Even while the world is tackling COVID-19 pandemic, still all the military procurement and maintenance and manufacturing related to the defense sector is continuing in almost every country, because national safety is foremost important and safeguarding soldiers is a prime requirement.
  • Supply-side shocks are indeed some of the most noticeable impacts on the defense sector from the consequences of the pandemic. The immediate victims of the pandemic are businesses that are based in countries badly affected by the virus or those reliant on supply chain operations based in the affected countries.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in maritime trade in Asia-Pacific and Middle East Africa along with deep-sea excavations is the fundamental driver of growth in the market for the naval vessels dynamic positioning system market.The demand for extraordinarily advanced maritime vessels with unrivaled observation capabilities is growing. Big and long-standing military and country-to-country jurisdiction debates bring about the strengthening of maritime forces equipped with dynamic position systems which can be automatically operated along with the creation of sea bases over international waters are some of the factors favoring the market growth.Ensuring security operations and push from the government side also helps increase awareness among the users. Besides, shipping industry growth is also surging with significant opportunities in this market. However, the major drawback of the dynamic positioning system market is the high cost of implementation, lack of effective communication, and complexity in the system.

The global naval vessels dynamic positioning system market trends are as follows:

New product launches and deals to flourish the market

ABB introduced a feature of dynamic positioning 2 (DP2) to Ability Marine Pilot Control in 2019, that improves vessel command execution and enables operators to concentrate on safer maneuver.In February 2019, General electric provided the SeaStream Dynamic Positioning System to the training vessel for Pukyong National University. It is a mariner-focused approach that increases the understanding of the situation and balances attention between device management and true seamanship.

Growing military modernization and adoption of artificial intelligence and automation integrated solutions

Various navies of countries are undergoing modernization to include advanced dynamic positioning systems to improve maneuverability and safety in maritime operations and reduce human intervention, with technological developments in the field of automation and robotics. Also, these systems assist in regular functioning by providing additional support during complex operations onboard. Also, unmanned underwater vehicles (UUVs) are increasingly being deployed by various nations to reinforce their defense which has reflected positively on the growth of the market for naval vessels. Such naval battle systems of the next generation have gained enormous prominence in the navies of multiple countries such as the U.S., France, Russia, and the UK where they are used for oceanic warfare to stop and locate underwater mines.

Segments

Sub-segments

Sub-system type

  • Power Systems
  • Thruster Systems
  • DPS Control Systems
  • Sensors

Equipment class

  • Class 1
  • Class 2
  • Class 3

End-user

  • Naval forces
  • Coast guard
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Naval vessels dynamic positioning system industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the naval vessels dynamic positioning system market research report:

  • What are the leading market players active in the naval vessels dynamic positioning systemmarket?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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