Table of Content

1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 32
1.3 MARKET SCOPE 32
1.3.1 DYNAMIC POSITIONING SYSTEM MARKET SEGMENTATION 32
1.3.2 REGIONAL SCOPE 33
1.3.3 YEARS CONSIDERED FOR THE STUDY 33
1.4 INCLUSIONS AND EXCLUSIONS 33
TABLE 1 INCLUSIONS AND EXCLUSIONS IN THE DYNAMIC POSITIONING SYSTEM MARKET 33
1.5 CURRENCY 34
TABLE 2 USD EXCHANGE RATES 34
1.6 LIMITATIONS 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 35
FIGURE 1 MNM PRE-COVID-19 AND POST-COVID-19 ESTIMATES ON THE DYNAMIC POSITIONING SYSTEM MARKET 35
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 REPORT PROCESS FLOW 37
FIGURE 3 RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 38
2.1.2 PRIMARY DATA 39
2.1.2.1 Key primary sources 39
2.2 MARKET SIZE ESTIMATION 39
2.2.1 MARKET DEFINITION AND SCOPE 40
2.2.2 SEGMENTS AND SUBSEGMENTS 40
2.3 RESEARCH APPROACH AND METHODOLOGY 41
2.3.1 BOTTOM-UP APPROACH 41
2.3.2 DYNAMIC POSITIONING SYSTEM MARKET FOR OEM 41
FIGURE 4 MARKET SIZE CALCULATION FOR OEM 41
2.3.3 DYNAMIC POSITIONING SYSTEM RETROFIT 42
FIGURE 5 MARKET SIZE CALCULATION FOR RETROFIT 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.3.4 TOP-DOWN APPROACH 43
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.4 TRIANGULATION AND VALIDATION 44
FIGURE 8 DATA TRIANGULATION 44
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 45
2.5 GROWTH RATE ASSUMPTIONS 45
2.6 ASSUMPTIONS FOR THE RESEARCH STUDY 45
2.7 RISKS 46
3 EXECUTIVE SUMMARY 47
FIGURE 9 COMMERCIAL APPLICATION PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET FROM 2021 TO 2026 48
FIGURE 10 POSITION REFERENCE & TRACKING SYSTEMS SEGMENT BY SUBSYSTEM ESTIMATED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021 48
FIGURE 11 CONVENTIONAL SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD 49
FIGURE 12 RETROFIT SEGMENT ESTIMATED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021 49
FIGURE 13 CLASS 1 SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD 50
FIGURE 14 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE DYNAMIC POSITIONING SYSTEM MARKET IN 2021 50
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES IN THE DYNAMIC POSITIONING SYSTEM MARKET 51
FIGURE 15 INCREASING INVESTMENTS DRIVE THE DYNAMIC POSITIONING SYSTEM MARKET 51
4.2 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE 52
FIGURE 16 RETROFIT SEGMENT PROJECTED TO DOMINATE THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD 52
4.3 DYNAMIC POSITIONING SYSTEM MARKET, BY EQUIPMENT TYPE 52
FIGURE 17 CLASS 1 SEGMENT TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET DURING THE FORECAST PERIOD 52
4.4 DYNAMIC POSITIONING SYSTEM MARKET, BY COUNTRY 53
FIGURE 18 DYNAMIC POSITIONING SYSTEM MARKET IN CHINA PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 55
FIGURE 19 DYNAMIC POSITIONING SYSTEM MARKET DYNAMICS 55
5.2.1 DRIVERS 55
5.2.1.1 Increasing operations in the offshore shipping industry 55
5.2.1.2 Technological improvements in monitoring and dynamic positioning systems 56
5.2.1.3 Increase in seaborne trade across the globe 56
5.2.2 RESTRAINTS 57
5.2.2.1 Complex system and high cost of initial installation 57
5.2.2.2 High maintenance costs 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Laser-based dynamic positioning systems 57
5.2.3.2 Autonomous shipping industry 57
5.2.4 CHALLENGES 58
5.2.4.1 COVID-19 affecting the shipping industry 58
5.2.4.2 Complex systems difficult to be operated by unskilled operators 58
5.3 COVID-19 IMPACT SCENARIOS 59
FIGURE 20 IMPACT OF COVID-19 ON DYNAMIC POSITIONING SYSTEM MARKET: GLOBAL SCENARIOS 59
5.4 IMPACT OF COVID-19 ON THE DYNAMIC POSITIONING SYSTEM MARKET 60
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 60
5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR DYNAMIC POSITIONING SYSTEM MARKET 60
FIGURE 21 REVENUE SHIFT IN DYNAMIC POSITIONING SYSTEM MARKET 61
5.6 MARKET ECOSYSTEM 61
5.6.1 PROMINENT COMPANIES 61
5.6.2 PRIVATE AND SMALL ENTERPRISES 61
5.6.3 END USERS 62
FIGURE 22 MARKET ECOSYSTEM MAP: DYNAMIC POSITIONING SYSTEM MARKET 62
5.7 PRICING ANALYSIS 62
FIGURE 23 PRICING ANALYSIS – BY SHIP TYPE, 2020 62
5.8 VALUE CHAIN ANALYSIS 63
FIGURE 24 VALUE CHAIN ANALYSIS: DYNAMIC POSITIONING SYSTEM MARKET 63
5.9 TARIFF REGULATORY LANDSCAPE FOR AUTOMATION IN THE MARITIME INDUSTRY 64
5.10 TRADE DATA 65
5.10.1 INTERNATIONAL MARITIME TRADE DATA, 2010-2019 65
FIGURE 25 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE, (2010–2019) 65
5.10.2 WORLD SEABORNE TRADE, 2015-2019 65
TABLE 3 WORLD SEABORNE TRADE, 2015-2019 65
5.11 PORTER’S FIVE FORCES MODEL 66
5.12 TECHNOLOGY ANALYSIS 67
5.12.1 BIG DATA 67
5.12.2 DYNAMIC POSITIONING SYSTEM 67
5.12.3 PREDICTIVE MAINTENANCE 67
5.12.4 COLLISION AVOIDANCE TOOL 67
5.13 USE CASES 68
5.13.1 AUTONOMOUS CONTROL AND REMOTE COMMAND SYSTEMS 68
5.13.2 LASER-FOCUSED DYNAMIC POSITIONING SYSTEM IN OFFSHORE OPERATIONS 68
5.14 OPERATIONAL DATA 68
TABLE 4 COMPLETION OF SHIP ORDERS GLOBALLY, 2015-2020 68
TABLE 5 COMPLETION OF SHIP ORDERS BY JAPAN, 2015-2020 69
TABLE 6 COMPLETION OF SHIP ORDERS BY SOUTH KOREA, 2015-2020 69
TABLE 7 COMPLETION OF SHIP ORDERS BY CHINA, 2015-2020 69
TABLE 8 COMPLETION OF SHIP ORDERS IN EUROPE, 2015-2020 70
6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 TECHNOLOGY ROADMAP 71
FIGURE 26 TECHNOLOGY ROADMAP 71
6.3 TECHNOLOGICAL ADVANCEMENTS IN THE MARITIME INDUSTRY 72
6.3.1 LASER TECHNOLOGY 72
6.3.2 AUTONOMOUS VESSELS 72
6.3.3 DYNAMIC POSITIONING SYSTEM FOR MOTORBOATS AND YACHTS 72
6.3.4 LESS COMPLEX DYNAMIC POSITIONING SYSTEMS 72
6.3.5 INTEGRATED DYNAMIC POSITIONING SYSTEMS 73
6.3.6 PREDICTIVE SOFTWARE FOR DYNAMIC POSITIONING SYSTEMS 73
6.3.7 INCREASING FUNCTIONS OF DYNAMIC POSITIONING SYSTEMS 73
6.4 INNOVATIONS AND PATENT REGISTRATIONS, 2012-2020 74
TABLE 9 INNOVATIONS AND PATENT REGISTRATIONS 74
7 DYNAMIC POSITIONING SYSTEM MARKET, BY APPLICATION 75
7.1 INTRODUCTION 76
7.1.1 IMPACT OF COVID-19 ON APPLICATION 76
7.1.1.1 Most impacted segment, By application 76
7.1.1.2 Least impacted segment, By application 76
FIGURE 27 COMMERCIAL SEGMENT PROJECTED TO LEAD THE DYNAMIC POSITIONING SYSTEM MARKET FROM 2021 TO 2026 77
TABLE 10 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY APPLICATION
2017-2020 (USD MILLION) 77
TABLE 11 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY APPLICATION
2017-2020 (USD MILLION) 77
7.2 COMMERCIAL 78
TABLE 12 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COMMERCIAL APPLICATION 2017-2020 (USD MILLION) 78
TABLE 13 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COMMERCIAL APPLICATION 2021-2026 (USD MILLION) 78
7.2.1 BULK CARRIERS 79
7.2.1.1 Bulk carriers are majorly fitted with DP 1 category systems 79
7.2.2 GAS TANKERS 79
7.2.2.1 Most of the gas tankers are equipped DP 1 class DPS systems 79
7.2.3 TANKERS 79
7.2.3.1 Growing international trade for chemicals and liquid materials has led to the rise in demand for chemical tankers 79
7.2.4 CRUISE 79
7.2.4.1 That maritime tourism will increase in the future, leading to the rise in the demand for passenger cruises 79
7.2.5 PASSENGER FERRIES 79
7.2.5.1 Passenger ferries are vessels used to carry passengers across water bodies 79
7.2.6 DRY CARGO SHIPS 80
7.2.6.1 Dry cargo ships are majorly equipped with DP 1-based DPS systems 80
7.2.7 RESEARCH VESSELS 80
7.2.7.1 Research vessels are built to withstand highly harsh environmental conditions 80
7.2.8 DREDGERS 80
7.2.8.1 Dredgers are vessels which are used to remove debris and sediments 80
7.2.9 MOTORBOATS 80
7.2.9.1 Motor boats majorly installed with DPS systems include inboard spoiler boats 80
7.2.10 OTHERS 80
7.3 MILITARY 80
TABLE 14 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY MILITARY APPLICATION 2017-2020 (USD MILLION) 81
TABLE 15 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY MILITARY APPLICATION 2021-2026(USD MILLION) 81
7.3.1 FRIGATES 82
7.3.1.1 Frigates are warships that carry a variety of armaments 82
7.3.2 CORVETTES 82
7.3.2.1 Corvettes are the smallest vessel class among warships. 82
7.3.3 DESTROYERS 82
7.3.3.1 Destroyers are fast, long-endurance maneuverable ships intended to help large vessels 82
7.3.4 AMPHIBIOUS SHIPS 82
7.3.4.1 Amphibious ships are stationed on land to support ground forces by launching amphibious assaults 82
7.3.5 MINESWEEPERS 82
7.3.5.1 Majorly DP 3 category DPS systems are installed in these warships. 82
7.3.6 OTHERS 82
8 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE 83
8.1 INTRODUCTION 84
8.1.1 IMPACT OF COVID-19 ON END USE 84
8.1.1.1 Most impacted segment, by end use 84
8.1.1.2 Least impacted segment, by end use 84
FIGURE 28 DYNAMIC POSITIONING SYSTEM MARKET, BY END USE, 2021 & 2026 84
TABLE 16 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017-2020 (USD MILLION) 85
TABLE 17 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021-2026 (USD MILLION) 85
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8.2 OEM 85
8.2.1 INCREASING INSTALLATIONS OF ADVANCED AND AUTOMATED DPS SYSTEMS IN SHIPS ARE EXPECTED TO DRIVE THE MARKET 85
TABLE 18 DYNAMIC POSITIONING SYSTEM OEM MARKET, BY REGION,
2017-2020 (USD MILLION) 85
TABLE 19 DYNAMIC POSITIONING SYSTEM OEM MARKET, BY REGION,
2021-2026 (USD MILLION) 86
8.3 RETROFIT 86
8.3.1 MAINTENANCE AND REPAIR SERVICES OF SYSTEMS EXPECTED TO DRIVE THE GROWTH OF THIS SEGMENT 86
TABLE 20 DYNAMIC POSITIONING SYSTEM RETROFIT MARKET, BY REGION,
2017-2020 (USD MILLION) 86
TABLE 21 DYNAMIC POSITIONING SYSTEM RETROFIT MARKET, BY REGION,
2021-2026 (USD MILLION) 87
9 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE 88
9.1 INTRODUCTION 89
FIGURE 29 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE,
2021&2026 (USD MILLION) 89
TABLE 22 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE,
2017-2020 (USD MILLION) 89
TABLE 23 DYNAMIC POSITIONING SYSTEM MARKET, BY TYPE,
2021-2026 (USD MILLION) 90
9.1.1 CONVENTIONAL DYNAMIC POSITIONING SYSTEM 90
9.1.1.1 Conventional DPS are used on a wide variety of vessels such as offshore vessels, tugs and patrol vessels, passenger vessels, cargo vessels, etc. 90
9.1.2 NEXT-GENERATION DYNAMIC POSITIONING SYSTEM 90
9.1.2.1 Growth of next generation DPS is majorly driven due to the demand for autonomous vessels, and remote operation. 90
10 DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM 91
10.1 INTRODUCTION 92
FIGURE 30 DYNAMIC POSITIONING SYSTEM MARKET, BY SUBSYSTEM,
2021 & 2026 (USD MILLION) 92
TABLE 24 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SUBSYSTEM,
2017–2020 (USD MILLION) 92
TABLE 25 DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SUBSYSTEM,
2021–2026 (USD MILLION) 93
10.1.1 IMPACT OF COVID-19 ON THE INSTALLATION OF DYNAMIC POSITIONING SYSTEMS 93
10.1.2 POWER SYSTEMS, MOTORS, & DRIVES 93
10.1.2.1 Vessels equipped with DPS of class 2 and 3 require the installation of an automatic power management system. 93
10.1.3 POSITION REFERENCE AND TRACKING SYSTEMS 94
10.1.3.1 Hydro-acoustic position reference system 94
10.1.3.1.1 Hydro-acoustic position reference system used transponder to locate predetermine position in the seabed 94
10.1.3.2 Differential GPS reference system 94
10.1.3.2.1 Differential GPS reference systems have to be considered for errors from various atmospheric layers, and multipath distortions 94
10.1.3.3 Taut wire reference system 94
10.1.3.3.1 A taut wire reference system is highly favorable in shallow waters 94
10.1.3.4 Laser-based reference system 94
10.1.3.4.1 Laser reference system is used as a reference sensor to measure the position of the support vessel in the sea to a structure present in offshore 94
10.1.4 DP CONTROL SYSTEMS 95
10.1.4.1 The DP control system is the central controlling unit for the dynamic positioning system. 95
11 REGIONAL ANALYSIS 96
11.1 INTRODUCTION 96
FIGURE 31 NORTH AMERICA ESTIMATED TO HOLD LARGEST SHARE OF DYNAMIC POSITIONING SYSTEM MARKET IN 2021 96
TABLE 26 GLOBAL: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 96
TABLE 27 GLOBAL: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 97
11.2 NORTH AMERICA 97
11.2.1 PESTLE ANALYSIS: NORTH AMERICA 97
FIGURE 32 NORTH AMERICA DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT 98
TABLE 28 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION) 99
TABLE 29 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION) 99
TABLE 30 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 99
TABLE 31 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY SHIP TYPE, 2021–2026 (USD MILLION) 99
TABLE 32 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 100
TABLE 33 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 100
TABLE 34 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2017–2020 (USD MILLION) 100
TABLE 35 NORTH AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2021–2026 (USD MILLION) 100
11.2.1.1 Us 101
11.2.1.1.1 Increase in the naval, cargo, and offshore ship industry in the country is driving the growth of the market 101
TABLE 36 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 101
TABLE 37 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 101
TABLE 38 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 102
TABLE 39 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 102
TABLE 40 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 102
TABLE 41 US: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 102
11.2.1.2 Canada 103
11.2.1.2.1 Increase in commercial ferry and cargo ship industry in the country is driving the growth of the market 103
TABLE 42 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 103
TABLE 43 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 103
TABLE 44 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 104
TABLE 45 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 104
TABLE 46 CANADA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION) 104
TABLE 47 CANADA DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 104
11.2.1.3 Mexico 105
11.2.1.3.1 Growth of the cargo ship industry in the country is driving the market 105
TABLE 48 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 105
TABLE 49 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 105
TABLE 50 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 105
TABLE 51 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 106
TABLE 52 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 106
TABLE 53 MEXICO: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 106
11.3 EUROPE 107
11.3.1 PESTLE ANALYSIS: EUROPE 107
FIGURE 33 EUROPE DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT 108
TABLE 54 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 108
TABLE 55 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 109
TABLE 56 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 109
TABLE 57 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 109
TABLE 58 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 109
TABLE 59 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 110
TABLE 60 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 110
TABLE 61 EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 110
11.3.1.1 Germany 110
11.3.1.1.1 Increase in naval vessel activities and export sector driving the growth of the market 110
TABLE 62 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 111
TABLE 63 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 111
TABLE 64 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 111
TABLE 65 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 111
TABLE 66 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION) 112
TABLE 67 GERMANY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION) 112
11.3.1.2 France 112
11.3.1.2.1 Shipbuilding and naval vessel equipment replacement industries driving market growth 112
TABLE 68 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 112
TABLE 69 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 113
TABLE 70 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 113
TABLE 71 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 113
TABLE 72 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 113
TABLE 73 FRANCE: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 114
11.3.1.3 Italy 114
11.3.1.3.1 Increase in commercial ferries and recreational ship industry is driving the growth of the market 114
TABLE 74 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 114
TABLE 75 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 114
TABLE 76 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 115
TABLE 77 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 115
TABLE 78 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 115
TABLE 79 ITALY: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 115
11.3.1.4 Spain 116
11.3.1.4.1 Growth of the shipbuilding and cargo ship industries is driving market growth 116
TABLE 80 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 116
TABLE 81 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 116
TABLE 82 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 116
TABLE 83 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 117
TABLE 84 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 117
TABLE 85 SPAIN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 117
11.3.1.5 UK 117
11.3.1.5.1 Rise in the defense sector and offshore ship industry in the country is driving market growth 117
TABLE 86 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 118
TABLE 87 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 118
TABLE 88 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 118
TABLE 89 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 118
TABLE 90 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 119
TABLE 91 UK: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 119
11.3.1.6 Rest of Europe 119
11.3.1.6.1 Increase in shipbuilding and new technology in the shipping industry in the region are driving market growth 119
TABLE 92 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY SHIP TYPE, 2017–2020 (USD MILLION) 119
TABLE 93 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY SHIP TYPE, 2021–2026 (USD MILLION) 120
TABLE 94 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 120
TABLE 95 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 120
TABLE 96 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2017–2020 (USD MILLION) 120
TABLE 97 REST OF EUROPE: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2021–2026 (USD MILLION) 121
11.4 ASIA PACIFIC 121
11.4.1 PESTLE ANALYSIS: ASIA PACIFIC 121
FIGURE 34 ASIA PACIFIC DYNAMIC POSITIONING SYSTEM MARKET SNAPSHOT 123
TABLE 98 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 124
TABLE 99 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 124
TABLE 100 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 124
TABLE 101 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 125
TABLE 102 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 125
TABLE 103 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 125
TABLE 104 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION) 125
TABLE 105 ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION) 126
11.4.1.1 China 126
11.4.1.1.1 Increase in global trade and cargo ship industry driving market growth 126
TABLE 106 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 126
TABLE 107 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 126
TABLE 108 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 127
TABLE 109 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 127
TABLE 110 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 127
TABLE 111 CHINA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 127
11.4.1.2 South Korea 128
11.4.1.2.1 Growth of the shipbuilding industry is driving market growth 128
TABLE 112 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 128
TABLE 113 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 128
TABLE 114 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 128
TABLE 115 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 129
TABLE 116 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION) 129
TABLE 117 SOUTH KOREA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION) 129
11.4.1.3 Japan 129
11.4.1.3.1 Increase in commercial sea trade and shipbuilding industry driving market growth 129
TABLE 118 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 130
TABLE 119 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 130
TABLE 120 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 130
TABLE 121 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 130
TABLE 122 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 131
TABLE 123 JAPAN: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 131
11.4.1.4 Australia 131
11.4.1.4.1 Increase in container operations and sea trade driving market growth 131
TABLE 124 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017–2020 (USD MILLION) 131
TABLE 125 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 132
TABLE 126 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 132
TABLE 127 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 132
TABLE 128 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017–2020 (USD MILLION) 132
TABLE 129 AUSTRALIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION) 133
11.4.1.5 India 133
11.4.1.5.1 Increase in global sea trade and offshore ship industry driving market growth 133
TABLE 130 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 133
TABLE 131 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE,
2021–2026 (USD MILLION) 133
TABLE 132 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 134
TABLE 133 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 134
TABLE 134 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2017–2020 (USD MILLION) 134
TABLE 135 INDIA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE,
2021–2026 (USD MILLION) 134
11.4.1.6 Rest of Asia pacific 135
11.4.1.6.1 Increase in recreational maritime activities and sea trade are driving market growth 135
TABLE 136 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY SHIP TYPE, 2017–2020 (USD MILLION) 135
TABLE 137 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY SHIP TYPE, 2021–2026 (USD MILLION) 135
TABLE 138 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2017–2020 (USD MILLION) 135
TABLE 139 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 136
TABLE 140 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2017–2020 (USD MILLION) 136
TABLE 141 REST OF ASIA PACIFIC: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY END USE, 2021–2026 (USD MILLION) 136
11.5 REST OF THE WORLD 136
11.5.1 PESTLE ANALYSIS: REST OF THE WORLD 137
TABLE 142 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2017-2020 (USD MILLION) 138
TABLE 143 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY SHIP TYPE, 2021–2026 (USD MILLION) 138
TABLE 144 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2017-2020 (USD MILLION) 138
TABLE 145 MIDDLE EAST & LATIN AMERICA: DYNAMIC POSITIONING SYSTEM MARKET SIZE, BY END USE, 2021–2026 (USD MILLION) 139
TABLE 146 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2017-2020 (USD MILLION) 139
TABLE 147 REST OF THE WORLD: DYNAMIC POSITIONING SYSTEM MARKET SIZE,
BY EQUIPMENT TYPE, 2021–2026 (USD MILLION) 139
TABLE 148 REST OF THE WORLD: DYNAMIC POSITIONING SY