Dynamic positioning system is the system that is controlled by the computer to maintain automatically the position of a vessel. It uses options such as power systems, thruster systems, DPS control systems, and sensors for the balancing and heading of the vessel. Vessels installed with dynamic positioning systems have ability to operate with reliability, positioning accuracy, and safety. Dynamic positioning system includes position reference sensors, combined with motion sensors, wind sensors, and gyrocompasses which provide information to the computer system about the position, magnitude and direction of environment forces in order to maintain vessels position and balance.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing investments in offshore shipping industry and rising recreational water activities in New Zealand. The growth of the shipbuilding industry in Asia Pacific is one of the most significant factors contributing to the demand for ships with increasing seaborne trade in the region.

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Some of the key players profiled in the Dynamic Positioning Systems Market include AB Volvo Penta, ABB Group, Comex, General Electric, Kongsberg Gruppen ASA, L-3 Communications Holdings, Inc, Marine Technologies LLC, Mitsui Energing & Shipbuilding, Moxa Inc, Navis Engineering, NORR Systems, Norr Systems Pte Ltd, Praxis Automation & Technology, Reyga, Rolls Royce PLC, Sonardyne, Twin Disc, and Wartsila Oyj Abp.

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