The Dynamic Positioning Systems Market is Estimated at $13.7 Billion in 2014

Dynamic positioning (DP) is a computer-controlled system to automatically maintain a vessel’s position and heading by using its own propellers and thrusters. Position reference sensors, combined with wind sensors, motion sensors and gyro compasses, provide information to the computer pertaining to the vessel’s position and the magnitude and direction of environmental forces affecting its position.  The computer program contains a mathematical model of the vessel that includes information pertaining to the wind and current drag of the vessel and the location of the thrusters. This knowledge, combined with the sensor information, allows the computer to calculate the required steering angle and thruster output for each thruster. This allows operations at sea where mooring or anchoring is not feasible due to deep water, congestion on the sea bottom (pipelines, templates) or other problems.

Examples of vessel types that employ DP include, but are not limited to, ships and semi-submersible mobile offshore drilling units (MODU), oceanographic research vessels and cruise ships.

About the report:

The dynamic positioning systems market is estimated at $13.7 Billion in 2014 and is expected to grow at a CAGR of 5.16%.

The dynamic positioning systems market report provides an in-depth market analysis for the next six years. The report provides qualitative and quantitative information on this market and provides analysis of the market dynamics that impact the industry. The report also provides the analysis of the sub-markets in the regions of North America, Latin America, Asia-Pacific, Europe, and the Middle-East.

The report segments the market on the basis of classes, sub systems, and position reference systems of dynamic positioning systems. Granular analysis of class 1, class 2, and class 3 dynamic positioning systems along with power systems, thruster systems, DP control systems and sensors is presented in this report. This report also provides the market size and forecast of the position reference systems: hydro acoustic position reference system, taut wire, DP control systems, DGPS, Laser based systems.

Report provides in depth market segmentation, value chain, detailed PEST analysis, market size & share, revenue projections for emerging markets, trend and competitive profiling of major players in Dynamic positioning systems.

Prebook Report @