Dynamic Positioning System Market to Register Stable Expansion During 2025 – 2033: Grand View Research Inc.

 Dynamic Positioning System Market Summary

The global dynamic positioning system market size was estimated at USD 6.25 billion in 2024 and is projected to reach USD 10.71 billion by 2033, growing at a CAGR of 6.3% from 2025 to 2033. The surge in deepwater and ultra-deepwater oil and gas exploration is a major factor driving the demand for dynamic positioning systems (DPS).

Key Market Trends & Insights

• Europe dominated the global dynamic positioning system market with the largest revenue share of over 34.10% in 2024.
• The dynamic positioning system industry in the U.S. is expected to grow significantly over the forecast period.
• By equipment class, the class 2 segment led the market with the largest revenue share of 59.50% in 2024.
• By fit, the linefit segment dominated the industry in 2024.
• By system, the DP control system segment dominated industry in 2024.

Market Size & Forecast

• 2024 Market Size: USD USD 6.25 Billion
• 2033 Projected Market Size: USD 10.71 Billion
• CAGR (2025-2033): 6.3%
• Europe: Largest market in 2024
• Asia Pacific: Fastest growing market

The growth of global maritime trade and expanding port infrastructure projects has increased the demand for specialized vessels used in dredging, construction, and offshore support. These operations often occur in constrained or busy waterways where precise positioning is essential. Dynamic positioning systems enable such vessels to maintain stability and accuracy during critical tasks, enhancing safety, efficiency, and operational control in complex maritime environments.

In these challenging offshore environments, conventional anchoring or mooring methods are often impractical or unsafe due to water depth and seabed conditions. Precise vessel positioning becomes essential for critical operations such as drilling, maintenance, well intervention, and subsea construction. DPS-equipped vessels ensure stability and exact positioning by automatically adjusting thrusters and propulsion systems in response to environmental forces like wind, waves, and currents. Regions such as the Gulf of Mexico, Brazil’s pre-salt basin, and offshore West Africa are witnessing strong offshore exploration activities, creating a significant need for advanced DPS technology to support complex and high-risk offshore energy projects.

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The expansion in emerging markets such as Southeast Asia, the Middle East, and West Africa is opening new growth avenues for dynamic positioning system (DPS) providers. These regions are experiencing a rise in offshore oil and gas exploration, driven by resource development initiatives and energy security needs. Additionally, naval modernization programs are boosting demand for advanced maritime technologies, including DPS. The growth of local shipbuilding industries in countries like Singapore, Indonesia, and the UAE is further fueling regional demand, as new offshore support vessels, naval ships, and specialized marine platforms are equipped with dynamic positioning capabilities. This emerging momentum offers significant opportunities for both DPS manufacturers and service providers seeking global expansion.

The high initial cost of installing dynamic positioning systems is a key restraint, particularly for Class 2 and Class 3 setups. These systems require costly components such as advanced thrusters, precision sensors, complex control units, and redundant power systems. For smaller operators or vessels with less critical operational needs, the significant capital expenditure may outweigh the perceived benefits, making DPS adoption financially challenging in cost-sensitive market segments.

Key Dynamic Positioning System Company Insights

Key players operating in the market are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

• In March 2025, Sonardyne introduced SPRINT‑Nav DP, a compact hybrid inertial and Doppler Velocity Log (DVL) positioning system tailored for shallow-water DP operations. It allows vessels to maintain precise station-keeping up to 230 meters depth even in GNSS-denied environments without deploying external reference sensors. This system will be factory pre-calibrated and ready to use, and ideal for offshore wind, nearshore construction, and subsea work.
• In April 2024, Wartsila Corporation introduced an advanced thruster and propulsion control package to enhance offshore dynamic positioning (DP) performance. The company unveiled a suite featuring its WST‑E embedded electric steerable thruster, new WST‑R retractable thrusters, and an enhanced ProTouch remote propulsion control interface. The retractable models include an 8° tilted propeller shaft, boosting effective thrust by 15–20%, reducing installed power needs, and lowering fuel consumption and emissions. The compact embedded electric design enables installation in constrained spaces, while ProTouch simplifies operator interaction through a cleaner interface for improved real‑time DP accuracy. This innovation enhances positioning precision, operational efficiency, and contributes to vessel decarbonization.
• In February 2023, Volvo Penta AB announced that it is now offering its GPS-based Dynamic Positioning System (DPS) across its twin V6 and V8 propulsion packages. The system enables precise, automatic station-keeping during docking and idling,allowing boats to hold position against wind and currentwith simple joystick control, enhancing ease and reliability.

Key Dynamic Positioning System Companies:

The following are the leading companies in the dynamic positioning system market. These companies collectively hold the largest market share and dictate industry trends.

• Kongsberg Gruppen ASA
• Wartsila Corporation
• ABB Ltd.
• GE Vernova
• L3Harris Technologies, Inc.
• Navis Engineering Oy
• Marine Technologies LLC
• Moxa Inc.
• Japan Radio Company Ltd.
• AB Volvo Penta
• Brunvoll AS
• Praxis Automation Technology B.V.
• Sirehna
• Twin Disc Inc.
• Sonardyne, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.