The global   dynamic positioning system market   was valued at USD 8.49 billion in 2023 and is projected to grow from USD 9.33 billion in 2024 to USD 17.48 billion by 2032, exhibiting a CAGR of 8.2% during the forecast period (2024–2032).

Dynamic Positioning (DP) is an advanced computer-controlled technology that enables vessels to automatically maintain their position and heading without the need for anchors. This capability is crucial for offshore operations, particularly in deepwater environments or areas with underwater obstructions where traditional anchoring is impractical. The system is widely adopted across various maritime sectors, with strong demand from the offshore oil and gas industry. Market growth is further driven by rapid advancements in sensor technologies and the increasing integration of artificial intelligence into DP systems.

F ortune Business Insights presents this information in their report titled " Dynamic Positioning System Market   Size, Share, And Forecast 2024–2032."

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List of Key Players Profiled in the Dynamic Positioning System Market Report

• Kongsberg Gruppen (Norway)
• Wartsila (Finland)
• ABB Group (Switzerland)
• Elcome International LLC (Dubai)
• B. Volvo (Sweden)
• Rolls Royce PLC (U.K.)
• Navis Engineering (Finland)
• Praxis Automation Technology B.V. (Netherlands)
• Thrustmaster of Texas (U.S.)
• Royal IHC (Netherlands)

Segmentation

DP Control Systems Led the Market with Their Increased Adoption in New Builds and Retro Fits for Vessels

By sub-system, the market is segregated into power system, thruster system, and DP control system. DP control system led the market as it comprises a series of hardware, software, and systems that keep a vessel in position. Rising demand for DP control systems in new builds and retro fits for vessels boosting segment growth.

Position Reference Sensors Commanded the Market Owing to Their Precision in Monitoring a Ship’s Horizontal Movements

On the basis of sensors, the market is categorized into position reference sensors, wind sensors, motion sensors, and gyro compass. Position reference sensors commanded the global market, owing to their precision in monitoring a ship’s movements on the horizontal plane and location. Integrated into DP systems, they enable automated control over the ship’s surge and sway, enhancing stability and maneuverability.

Growing Focus on Preventing a Single Fault in an Active System Boosted the Demand for Class 2 Equipment

In terms of equipment type, the market is classified into class 1, class 2, and class 3. The class 2 segment dominated the global market, driven by advancements in equipment and improved redundancy systems that safeguard against single-point failures, ensuring continuous position and heading control. With ongoing system upgrades, this segment is poised for further growth.

New Builds Dominated the Market Due to Rising Production of New Ships by OEMs Across Commercial and Defense Sectors

On the basis of solution, the dynamic positioning system market is bifurcated into new builds and retro fits. The new builds segment took the lead in the global market, driven by the rising production of new ships by OEMs across commercial and defense sectors, unlocking profitable prospects. In September 2022, Kongsberg Digital delivered DP simulators to MOL Marine & Engineering, enabling MOL’s Tokyo-based training center to become Japan’s first NI-accredited facility for dynamic positioning courses.

Rising Emphasis on Maintaining Precise Positioning in Marine Environments Boosted DPS Adoption in Commercial Vessels

In terms of application, the market is divided into commercial and military. The commercial segment captured the highest dynamic positioning system market share as DP systems play a key role in offshore vessels, pipelay, cable lay, trenching, and dredging, ensuring operational stability by maintaining precise positioning in marine environments.

From the regional ground, the market is classified into North America, Europe, Asia Pacific, and Rest of the World.

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Report Coverage

The dynamic positioning system market research report presents a complete market examination, highlighting essential elements, including the competitive environment and noticeable product categories. Furthermore, the report provides valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes several aspects that have fostered market expansion in recent times.

Drivers and Restraints

Rapid Innovations are Shaping the Future of Dynamic Positioning Systems

Dynamic positioning systems are advancing rapidly, driven by breakthroughs in technology and sustainability initiatives. As digitalization and automation become central to maritime and offshore sectors, these innovations promise safer, more efficient, and eco-friendly operations, including:

Sensor Fusion Technique : By combining inputs from various sensors, this method delivers a clearer environment picture, ensuring accurate and stable control.

Energy-Efficient Propulsion Systems:   Cutting-edge electric and hybrid propulsion solutions offer greater agility, reduce emissions, and bolster operational redundancy, making them essential to the future of DPS.

On the other hand, substantial initial capital investments are impeding the dynamic positioning system market growth.

Regional Insights

Rapid Growth of Seaborne Trade Augmented Market Growth in Asia Pacific

The dynamic positioning system market in Asia Pacific is valued at USD 3.17 billion in 2023 due to increased DPS adoption in several sectors and rapid growth of seaborne trade. Increasing investments in the offshore shipping sector, mainly in China, India, and Japan, are also fueling market expansion in the region.

The market in Europe is witnessing significant growth as a result of technological innovations, rise in maritime activities, and surge in defense expenditures. Furthermore, strict rules about safety and environmental standards are pushing operators to invest in markets.

Competitive Landscape

Top Players Focus on Strategic Partnerships to Strengthen Their Market Presence

Leading players focus on strategic partnerships and collaborations to share resources, reduce risks, and improve technological capacities. Recent contract awards to companies, including Praxis Automation, highlight a growing industry-wide push toward enhancing maritime safety and seamless technology integration. This trend reflects the increasing pressure on operations driven by current geopolitical challenges.

Key Industry Development

• September 2023 : Praxis Automation secured a long-term collaboration with Rawabi Vallianz Offshore Service (RVOS), a major Saudi offshore support provider. Under the agreement, Praxis will equip both existing and new vessels in the RVOS fleet with dynamic positioning systems and customized digital solutions. The fleet’s transformation will be executed in approved phases, making a pivotal step forward in advancing maritime innovation and safety across the Gulf region.

The global   gallium nitride device market   was valued at USD 20.56 billion in 2019 and is projected to reach USD 39.74 billion by 2032, growing from USD 21.18 billion in 2020 at a CAGR of 5.20% during the forecast period (2020–2032). In 2019, North America led the market, accounting for 35.89% of global revenue.

Steady market growth is being driven by increasing demand across key sectors such as telecommunications, automotive, and consumer electronics. GaN devices are preferred for their high efficiency, faster switching speeds, and superior thermal performance compared to traditional silicon components. The adoption of 5G technology, electric vehicles (EVs), and advancements in power electronics are key factors fueling expansion. North America's strong market position is supported by active research and development initiatives, contributing to continuous innovation. Overall, the GaN device market is expected to grow consistently, bolstered by rising investment in advanced semiconductor technologies.

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A list of all the prominent Gallium Nitride Device Market Key Players:

• Infineon Technologies AG (Germany)
• Efficient Power Conversion Corporation. (The U.S.)
• EPISTAR Corporation (Taiwan)
• GaN Systems (Canada)
• MACOM (The U.S.)
• Microsemi (The U.S.)
• Mitsubishi Electric Corporation (Japan)
• NICHIA CORPORATION (Japan)
• Northrop Grumman Corporation (The U.S.)
• NXP Semiconductors. (Netherland)
• Qorvo, Inc (The U.S.)
• Texas Instruments Incorporated. (The U.S.)
• Toshiba Corporation (Japan)

Drivers & Restraints

Expansion of the Telecommunications Sector to Boost Growth
The increasing demand for energy-efficient gallium nitride (GaN) devices is being driven by the rapid expansion of the telecommunications sector. Many internet service providers are now prioritizing lower latency through optical fiber connections, along with enhancing connectivity and network capacity. Additionally, the growing adoption of GaN devices in 5G infrastructure is expected to further accelerate gallium nitride device market growth in the coming years. However, the high costs associated with the maintenance and development of gallium nitride devices may pose a challenge to this growth.

Segmentation-   Gallium Nitride Device Market

Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers

Based on device type, the opto-semiconductor device segment procured the highest gallium nitride device market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.

Regional Insights- Gallium Nitride Device Market

High Demand for Wireless Devices to Favor Growth in Europe

Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.

Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.

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KEY INDUSTRY DEVELOPMENTS:

In May 2021:   Raytheon Technologies Corporation entered into partnership with GlobalFoundries to develop and commercialize a gallium nitride (GaN) on silicon process for 5G and 6G RF. The GaN process technology improves RF performance. It maintains operational and production costs and enables levels of power and power efficiency for 5G and 6G RF millimeter-wave operating frequency standards.

In January 2021:   Yaskawa Electric Corporation, a Japanese power electronics firm, entered into a partnership with Transphorm, a GaN-based power conversion product provider in California. Under the agreement, Yaskawa will use Transphorm’s GaN power devices for industrial power conversion applications that include variable frequency drives and servo motors.

In February 2021:   Northrop Grumman signed a contract worth USD 236.9 million with the U.S. Department of Defense to develop eight gallium nitride active electronically scanned array radar systems for the U.S. Marine Corps.

The global   aircraft sensors market   was valued at USD 2.23 billion in 2019 and is expected to reach USD 12.97 billion by 2032, growing at a CAGR of 14.50% during the forecast period. In 2019, North America led the market, accounting for 39.91% of the global share.

An aircraft sensor is a device that detects changes or events in its environment and converts them into interpretable signals, playing a critical role in ensuring flight safety by alerting pilots to potential irregularities. Even minor discrepancies in aircraft systems can lead to serious consequences, making sensors essential for monitoring and reliability. The growing adoption of automation in aviation has led to an increase in the number of sensors used, enhancing the accuracy and performance of aircraft functions. Technological advancements, particularly in microelectromechanical systems (MEMS), have significantly influenced the market by enabling the development of compact, efficient sensors. Moreover, the rising use of sensors in unmanned aerial vehicles (UAVs) is expected to create new market opportunities. Key drivers of market growth include the development of advanced sensor technologies and the increasing demand for wireless sensors in both commercial and military aviation applications.

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List of companies profiled in the report:

• Honeywell International, Inc. (The U.S.)
• Ametek, Inc. (The U.S.)
• General Electric Company (The U.S.)
• Meggitt PLC (The U.K.)
• Safran S.A. (France)
• Woodward Inc. (The U.S.)
• Thales Group (France)
• Zodiac Aerospace (France)
• Curtiss-Wright Corporation (The U.S.)
• Schneider Electric SE (France)
• General Atomics Corporation (The U.S.)
• The Raytheon Company (The U.S.)
• TE Connectivity (Switzerland)
• Lockheed Martin Corporation (The U.S.)

Increasing Number of Company Mergers and Acquisitions Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the overall aircraft sensors market size in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on market growth. Accounting to the constantly rising demand for real-time and automated applications, tech-companies are emphasizing on the development of collaborative systems that will allow applications across diverse domains. The aerospace and defense sector holds a massive potential for companies in the aircraft sensor market. This is consequential to the favorable properties of sensors and their abilities to enhance aircraft activities. The variations in sensors have also proved beneficial of late; a factor that is attributable to the flexibility offered by various sensors in aircraft applications. Due to the rising demand and applications of aircraft sensors, there are several large companies operating in numerous countries across the world. Large scale businesses have the luxury to invest on innovations and experiments and these factors will ultimately yield attractive products. The healthy market competition will bode well for the growth of the overall aircraft sensors market in the foreseeable future.

North America to Emerge Dominant; Rising Aircraft Sensors Industry Will Aid Growth

The report analyses the latest aircraft sensors market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The United States is a manufacturing capital of the aerospace industry due to the presence of several large scale companies in this region. The presence of numerous aircraft OEMs and sensor manufacturers will bode well for the growth of the regional market. As of 2019, the market in North America was worth USD 0.89 billion and this value is projected to increase at a considerable pace in the coming years.

The aircraft sensors market in Asia Pacific is expected to rise at the highest CAGR driven by the rising air passenger traffic and the growing aviation industry. The rising demand for newer aircraft deliveries will present several growth opportunities for the companies operating in the market. The Aircraft Sensors Market Size in Europe will rise at a considerable pace, deriving growth from high investments in UAV manufacturing and development.

The Aircraft Sensors Market can be segmented as follows:

The Aircraft Sensors Market Segmentation is typically categorized based on sensor type, platform, application, and region.

By sensor type , the market includes pressure sensors, temperature sensors, proximity sensors, flow sensors, and others. Each sensor type serves specific functions within an aircraft, contributing to the overall performance and safety of the aircraft.

By platform , the segmentation covers commercial aviation, military aviation, business jets, and unmanned aerial vehicles (UAVs). This categorization helps in understanding the varying sensor requirements and adoption rates across different types of aircraft.

By application , the market is segmented into engine control, flight control, landing gear, airframe, and environmental control systems, among others. This segmentation highlights the diverse uses of sensors within various aircraft systems, which are critical for ensuring operational efficiency and safety.

By region , the Aircraft Sensors Market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. This regional segmentation provides insights into the demand and growth patterns of aircraft sensors in different parts of the world, driven by factors such as increasing air travel, military expenditure, and advancements in aerospace technology.

This segmentation framework allows for a detailed analysis of the Aircraft Sensors Market Size, identifying key growth areas and opportunities for stakeholders.

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Industry Developments:

In May 2021-   L3Harris Technologies was awarded a contract worth USD 96.4 million by the U.S. Special Operations Command (SOCOM) to modernize the forward-looking infrared systems on military-rotary wing aircraft. The SOCOM is expecting to invest USD 7.6 million in initial defense-wide funds to procure sensors and program management services.

The global   avionics market   was valued at USD 91.32 billion in 2023 and is expected to grow from USD 99.33 billion in 2024 to USD 179.44 billion by 2032, registering a compound annual growth rate (CAGR) of 7.67% during the forecast period. In 2023, North America led the market, accounting for a 37.25% share.

The global avionics market is experiencing steady growth, driven by advancements in aircraft technology, increasing demand for modernized flight systems, and the rising production of commercial and military aircraft. Avionics systems play a critical role in enhancing flight safety, navigation, communication, and overall operational efficiency. As the aviation industry continues to evolve, the integration of next-generation avionics solutions is becoming essential. Growing investments in aerospace innovation and the rising emphasis on fuel efficiency and automation are further supporting market expansion across various regions.

Fortune Business Insights™   provides this information in its research report, titled   “Avionics Market Size, Share, Forecast, and 2024-2032”.

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Segmentation:

Hardware Segment to Exhibit Substantial Growth Due to Trajectory Projection Capabilities

On the basis of system, the market is fragmented into software and hardware. The hardware segment is poised to expand at a considerable CAGR over the projected period. The segment held a leading share in the market in 2022 impelled by the multitasking capability of the system.

Commercial Segment to Gain Traction Considering the Rising Product Demand

By platform, the market is categorized into helicopters, general aviation, business jets, military, and commercial. The commercial segment accounted for a large market share and is estimated to record a substantial CAGR over the study period. The expansion is driven by the soaring demand for commercial aircraft.

Aftermarket Segment to Lead Impelled by Increase in Aircraft Upgradation Opportunities

By end-use, the market is segmented into aftermarket and original equipment manufacturers. The aftermarket segment accounted for a key market share in 2022 and is set to expand at an appreciable pace over the forecast period. The rise is driven by an increase in upgradation programs from numerous commercial airlines.

Based on geography, the market for avionics is segregated into North America, Europe, Asia Pacific, and Rest Of The World.

Report Coverage:

The report offers a comprehensive analysis of the vital trends impelling industry expansion over the projected period. It further gives an overview of the major factors fueling market growth over the forthcoming years. Additional aspects of the report comprise an impact of the COVID-19 pandemic and an account of the significant steps undertaken by leading companies for strengthening their industry positions.

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https://www.fortunebusinessinsights.com/industry-reports/avionics-market-101819

List of Key Players Mentioned in the Report:

• BAE Systems PLC (U.K.)
• Cobham PLC (U.K.)
• Raytheon Technologies Corporation (U.S.)
• Garmin Ltd. (U.S.)
• General Electric Company (U.S.)
• Honeywell International Inc. (U.S.)
• L3Harris Technologies Inc.(U.S.)
• Meggitt Ltd. (U.K.)
• Safran S.A. (France)
• Teledyne Technologies Incorporated. (U.S.)
• Thales Group (France)
• Transdigm Group Inc. (U.S.)

Drivers and Restraints:

Rising Adoption of Flight Management System to Impel Industry Expansion

One of the key factors impelling avionics market growth is the soaring adoption of flight management and aircraft computing systems. These solutions provide surveillance systems, integrated cabin electronics solutions, navigation systems, proline fusion capabilities, and others.

However, the industry expansion may be hampered by the high cost associated with the maintenance of avionics systems.

Regional Insights:

North America to Emerge as Key Region Owing to Increasing Commercial Aircraft Demand

North America avionics market share is anticipated to expand at a substantial rate over the study period. The region accounted for a dominating share in 2022 owing to the presence of key manufacturers.

The Europe market is poised to grow at a considerable CAGR over the estimated period. The rise is driven by the extensive portfolios of key companies in the region.

Competitive Landscape:

Major Companies Enter Strategic Deals to Strengthen Industry Foothold

Leading industry players devise various strategies for strengthening their market positions. These comprise merger agreements, partnerships, and the launch of new products. Other initiatives include acquisitions, collaborations, R&D activities, and the formation of alliances.

Key Industry Development:

• April 2023 –   GE Aerospace inked an agreement with AJW Group for supporting electrical power systems and avionics across the B737, B777, and A320/30/40 family of aircraft.

The global   space launch services market   was valued at USD 4.28 billion in 2023 and is expected to grow from USD 4.91 billion in 2024 to USD 10.98 billion by 2032, reflecting a compound annual growth rate (CAGR) of 10.6% during the forecast period. North America led the market in 2023, accounting for a 42.06% share. In particular, the U.S. market is poised for substantial expansion, with its value projected to reach approximately USD 7,480.1 million by 2030. This growth is supported by favorable government regulations that promote the development and deployment of launch services.

The space launch services market encompasses the commercial and governmental activities involved in transporting payloads—such as satellites, cargo, and crew—into space. This market is driven by growing demand for satellite-based services, increased interest in space exploration, and rising investments from both public and private sectors. Key players range from established aerospace giants to emerging private companies, all competing to offer cost-effective, reliable, and innovative launch solutions. Technological advancements, including reusable rockets and miniaturized satellites, are also reshaping the market landscape, making space more accessible than ever before.

Fortune Business Insights™   provides this information in its research report, titled   “Space Launch Services Market Size, Share, Forecast, and 2024-2032”.

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/space-launch-services-market-101931

List of Key Players Mentioned in the Space Launch Services Market Report:

• Antrix Corporation Limited (India)
• ArianeGroup SAS (France)
• Rocket Lab (U.S.)
• United Launch Alliance (U.S.)
• Space Exploration Technologies Corp . (SpaceX) (U.S.)
• Mitsubishi Heavy Industries, LTD. (Japan)
• Northrop Grumman Systems Corporation (U.S.)
• Roscosmos (Russia)
• NASA (U.S.)
• Jaxa (Japan)
• CNSA (China)
• China Aerospace Science and Technology Corporation (China)

Segmentation:

LEO Segment Accounted for Prominent Share Due to Increasing Launch of Satellites

On the basis of orbit type, the market for space launch services is subdivided into GEO, LEO, and others. The LEO segment registered a dominating share in the market. This is driven by the growing initiatives focused on the launch of satellites in this orbit.

Heavy Lift Launch Vehicle Segment Garnered Key Share Owing to Soaring Number of Rideshare Missions

Based on launch vehicle, the market is segmented into medium lift launch vehicle, small lift launch vehicle, and heavy lift launch vehicle. The heavy lift launch vehicle segment captured a leading share in the global market. An escalation in the number of ride share missions at the global level is anticipated to drive the dominance of the segment.

Commercial Segment to Expand at the Fastest Pace Impelled by Increasing Launch of Commercial Offerings

Based on end user, the market for space launch services is bifurcated into civil & military and commercial. The commercial segment is set to emerge as the fastest growing segment. Private organizations are directing their efforts toward the launch of commercial space-based services, which is one of the vital factors driving the segmental growth.

Human Spacecraft Segment to Surge at the Fastest Rate Due to Rise in Space Tourism

By payload, the market is segmented into human spacecraft, cargo, satellite, and testing probes. The human spacecraft segment is slated to grow at the fastest rate over the study period. This can be attributed to an escalation in space tourism and a rise in the number of manned space missions.

Based on geography, the market for space launch services has been studied across Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

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Report Coverage:

The report presents an account of the pivotal initiatives undertaken by major industry participants to gain a strong space launch services market footing. An account of the market scenario based on various segments has also been provided in the report. The industry has been analyzed on the basis of orbit type, launch vehicle, end user, payload, and geography.

Drivers and Restraints:

Industry Value to Rise with Increased Emergence of Private Players

Several startups have emerged in the space industry which are keen to provide low cost and advanced technologies for facilitating a range of space services. These startups are operational in the areas of remote sensing, navigation, earth observation, communication, and others. This places a greater emphasis on the need for satellite constellations, which is expected to favor space launch services market growth.

However, issues pertaining to space debris could create challenges for industry expansion.

Regional Insights:

North America Emerged as Leading Region Due to Increasing Product Deployment for Commercial Purposes

The North America market accounted for a dominant position in the space launch services market. The rising deployment of services offered by private players for a range of commercial purposes is one of the key factors boosting the dominance of the segment.

The Asia Pacific space launch services market share is poised to expand at the fastest growth rate over the analysis period. The increasing demand for launch services from the surveillance, communication satellites, and telecommunication industries from China, India, Japan, and South Korea is set to drive the regional expansion.

Competitive Landscape:

Industry Players Focus on Optimizing the Cost of Offerings to Gain an Edge over Competitors

Companies are engaged in collaborations and optimizing the cost of per-kg launch. These steps are being adopted for outpacing their competitors in the space launch services sector. Some of the key market players are SpaceX and Antrix Corporation Limited.

Key Industry Development:

July 2023 –   Rocket Lab USA, Inc., announced its launch of seven satellites. The satellites were launched for NASA, Spire Global, and Space Flight Laboratory from New Zealand.