Dublin, March 11, 2025 (GLOBE NEWSWIRE) -- The "Dynamic Positioning Systems Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The dynamic positioning systems market size has grown strongly in recent years. It will grow from $7.15 billion in 2024 to $7.62 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to marine exploration and offshore activities, offshore energy industry expansion, demand for precision and safety, increased deepwater exploration, commercial shipping requirements.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. North America was the largest region in the dynamic positioning systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The dynamic positioning systems market size is expected to see strong growth in the next few years. It will grow to $10.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rise in offshore renewable energy, offshore infrastructure development, and growth in autonomous vessels, focus on environmental sustainability, maritime safety and risk mitigation. Major trends in the forecast period include focus on operational performance, continuous R&D and innovation, market expansion into emerging economies, cost-efficiency in operations, collaboration and industry partnerships.
Major companies in the drug discovery services market are concentrating on product innovations and developing new solutions to strengthen their market positions. An example is Fujitsu's launch of the bio drug design accelerator platform in May 2023. This platform supports peptide drug discovery scientists in pharmaceutical companies by streamlining the 'design, make, test, analyze' (DMTA) cycles. It aims to contribute to faster and more efficient drug discovery by visualizing amino acid sequences and organizing research results for peptide drug development, showcasing the industry's commitment to innovative solutions.
In January 2023, Sygnature Discovery, a prominent UK-based integrated Drug Discovery firm, successfully concluded the acquisition of SB Drug Discovery for an undisclosed sum. This strategic move is expected to provide mutual strategic advantages, facilitating the expansion of both companies and enhancing their respective capabilities. The acquisition aligns with Sygnature's strategic plan, demonstrating a commitment to ongoing investment in the expansion of its leading integrated drug discovery solutions. SB Drug Discovery, the acquired company, is a UK-based entity specializing in providing crucial data for novel drug development through services such as cell line generation, assay development, and compound screening.
Report Scope
Markets Covered:
1) by Equipment Type: Class 1; Class 2; Class 3
2) by Component: Power System; DP Control System; Thruster System
3) by Application: Passenger Vessels; Merchant Vessels; Platform Supply Vessels or Offshore Support Vessels; Naval Vessels and Operations
4) by End Use: OEM; Aftermarket
Subsegments:
1) by Class 1: Positioning Systems For Offshore Supply Vessels; Basic DP Systems With Manual Backup
2) by Class 2: Positioning Systems For Drilling Units; Enhanced DP Systems With Automated Backups
3) by Class 3: Positioning Systems For Critical Operations; Fully Redundant DP Systems With No Manual Backup
Key Companies Profiled: Kongsberg Gruppen AS; Praxis Automation Technology B.V.; Norr Systems Pte. Ltd.; ABB Ltd.; Marine Technologies LLC
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2025-2029 |
| Estimated Market Value (USD) in 2025 | $7.62 Billion |
| Forecasted Market Value (USD) by 2029 | $10.66 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
Some of the major companies featured in this Dynamic Positioning Systems market report include:
- Kongsberg Gruppen AS
- Praxis Automation Technology B.V.
- Norr Systems Pte. Ltd.
- ABB Ltd.
- Marine Technologies LLC
- Wartsila Oyj Abp
- Rolls-Royce Holdings PLC
- RH Marine Group
- Twin Disc Incorporated
- Koninklijke IHC
- Reygar Ltd.
- Sonardyne International Ltd.
- Navis Engineering LLP
- Advanced Navigation Pty. Ltd.
- Teledyne Technologies Inc.
- Applanix Corporation
- C-Nav Positioning Solutions
- Alphatron Marine BV
- L3Harris Technologies Inc.
- Wartsila Guidance Marine BV
- Thrustmaster of Texas Inc.
For more information about this report visit https://www.researchandmarkets.com/r/fqwe71
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