The global dynamic positioning system market was valued at USD 8.49 billion in 2023 and is expected to grow from USD 9.33 billion in 2024 to USD 17.48 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period (2024–2032).

Dynamic Positioning (DP) systems are sophisticated computer-controlled technologies that allow vessels to maintain their position and heading automatically, without the use of anchors. This functionality is essential for offshore operations, especially in deepwater environments or locations where anchoring is not feasible due to underwater obstructions. The adoption of DP systems is prominent across multiple maritime industries, with particularly strong demand from the offshore oil and gas sector. Market expansion is further fueled by ongoing advancements in sensor technology and the growing incorporation of artificial intelligence into DP systems.

These insights are part of the report titled "Dynamic Positioning System Market Size, Share, and Forecast 2024–2032" by Fortune Business Insights.

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List of Key Players Profiled in the Dynamic Positioning System Market Report

• Kongsberg Gruppen (Norway)
• Wartsila (Finland)
• ABB Group (Switzerland)
• Elcome International LLC (Dubai)
• B. Volvo (Sweden)
• Rolls Royce PLC (U.K.)
• Navis Engineering (Finland)
• Praxis Automation Technology B.V. (Netherlands)
• Thrustmaster of Texas (U.S.)
• Royal IHC (Netherlands)

Segmentation

DP Control Systems Led the Market with Their Increased Adoption in New Builds and Retro Fits for Vessels