Dynamic Positioning System Industry Statistics

In this post, we explore key statistics and insights shaping the global Dynamic Positioning Systems industry, from market size estimations and regional revenue contributions to projected growth trends and market dynamics. Explore the data and trends that are influencing this rapidly evolving sector.

Statistic 1

"The global Dynamic Positioning System market size was estimated at USD 6.34 billion in 2020."

Statistic 2

"North America accounted for 27.3% of the total Dynamic Positioning Systems global market revenue in 2020."

Statistic 3

"The Dynamic Positioning Systems market in Asia-Pacific is expected to grow at a CAGR of 13.7% from 2021 to 2028."

Statistic 4

"The expected market size of the Dynamic Positioning Systems sector is about USD 10.5 billion by 2027."

Statistic 5

"The DP2 class system segment held over 40.0% of the global revenue in 2020."

Statistic 6

"The commercial application segment of Dynamic Positioning Systems is expected to expand at the fastest CAGR of 11.3% from 2021 to 2028."

Statistic 7

"The naval segment accounted for over 29.0% of the overall market revenue in 2020 in the Dynamic Positioning Systems market."

Statistic 8

"The marine segment of the Dynamic Positioning Systems market accounted for a value of USD 1.84 billion in 2020."

Statistic 9

"Dynamic Positioning System's demand in the oil & gas industry is expected to grow at a CAGR of 9% from 2021 to 2026."

Statistic 10

"In 2017, 62% of the overall Dynamic Positioning Systems market was occupied by vessel type DP1."

Statistic 11

"Europe held 25% of the Dynamic Positioning Systems overall market in 2017."

Statistic 12

"In 2017, Asia-Pacific witnessed a growth rate of 12% in the Dynamic Positioning Systems market."

Statistic 13

"In 2020, Kongsberg Gruppen, a leading player in the Dynamic Positioning Systems market, had an operating revenue of NOK 25,125 million."

Statistic 14

"As per MarketsandMarkets, the Dynamic Positioning Systems market is projected to reach USD 1,613.21 million by 2020."

Statistic 15

"The Global Dynamic Positioning Systems Market is expected to register a CAGR of approximately 4.77% during the forecast period of 2018-2023."

Statistic 16

"By 2023, the Dynamic Positioning Systems market in the US is expected to reach USD 489.5 million."

Statistic 17

"In 2018, the industry segment held the share of over 25% in the Dynamic Positioning Systems market."

Statistic 18

"The rise in offshore wind farms is expected to drive the Dynamic Positioning Systems market at a CAGR of 3.7%, during 2021-2026."

Statistic 19

"Passenger ships accounted for over 30% of the total market share in the Dynamic Positioning Systems industry."

Statistic 20

"From 2015-2020, the global Dynamic Positioning Systems market recorded a CAGR of 4.1%."

The statistics reveal a promising outlook for the Dynamic Positioning Systems industry, with steady growth projected across various regions and market segments. The market size has shown significant expansion, particularly in Asia-Pacific, driven by increasing demand in commercial applications and the oil & gas sector. Notable trends include the dominance of the DP2 class system and the rising significance of the marine and naval segments. The industry’s future growth is further bolstered by advancements in the offshore wind farms sector. Overall, these statistics underscore the sector’s resilience and potential for continued development in the coming years.