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Dynamic Positioning System Trends and Forecast

The future of the global dynamic positioning system market looks promising with opportunities in the passenger vessel, merchant vessel, platform supply vessel/offshore support vessel, and naval vessel & operation markets. The global dynamic positioning system market is expected to reach an estimated $11.9 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are expanding activities within the offshore shipping sector, rising global maritime trade, and rapid expansion of oil and gas refinery.
• Lucintel forecasts that, within the component cagtegory, power system is expected to witness the highest growth over the forecast period.
•Within the application category, merchant vessel is expected to witness the highest growth over the forecast period.
• In terms of regions, APAC will remain the largest region over the forecast period.

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Dynamic Positioning System Trends and Forecast

Dynamic Positioning System by Segment

Emerging Trends in the Dynamic Positioning System Market

The dynamic positioning system market is characterized by numerous emerging trends that drive innovation and growth. Such trends include technological advances, increasing need for environmental sensitivity as well as evolving maritime operational requirements. They range from artificial intelligence-machine learning integration, green technologies improvement, cybersecurity focus upsurge among others. Consequently a better understanding of these trends is important to exploit new possibilities and navigate through the changing market environment.
• Integration of Artificial Intelligence and Machine Learning: AI and ML augment predictive capabilities as well as automation of dynamic positioning systems. Real-time data analysis that allows optimization of vessel positioning and operation efficiency is possible through such technologies. Additionally AI & MI present an opportunity whereby human intervention can be reduced with a dynamic system that responds more quickly to changes in conditions possibly yielding a reliable system. Such trend necessitates development advanced dynamic positioning systems that shall be able to surmount complicated circumstances along with operational requests thus leading to more efficient maritime operations.
• Advancements in Green Technologies: In response to environmental issues concerning maritime sector there has been progress in green technology such as hybrid propulsion systems or renewable energy incorporation into dynamic positioning systems.These technologies help reduce emissions while also minimizing fuel consumption in line with global sustainability goals thereby meeting regulatory requirements.The emphasis on green technologies leads to enhanced environmental performances by the dynamic positioning systems thus making them attractive to stakeholders who want them with low ecological footprints which correspond with rigorous standards for environment preservation.
• Increased Focus on Cybersecurity: As a result of growing interdependence and reliance on digital technologies among the dynamic positioning systems, cyber-security concerns have become more prominent. This heightened attention to cybersecurity encompasses employing advanced protections including encryption and intrusion detection systems against hacking threats. Stronger security protocols must be implemented to safeguard information and maintain the functional integrity of dynamic positioning systems. It simply implies that there is need for more robust security measures for countering emerging Ciber attacks while at the same time ensuring that maritime operations are still reliable.
Increased Focus on Cybersecurity: As a result of growing interdependence and reliance on digital technologies among the dynamic positioning systems, cyber-security concerns have become more prominent. This heightened attention to cybersecurity encompasses employing advanced protections including encryption and intrusion detection systems against hacking threats. Stronger security protocols must be implemented to safeguard information and maintain the functional integrity of dynamic positioning systems. It simply implies that there is need for more robust security measures for countering emerging Ciber attacks while at the same time ensuring that maritime operations are still reliable.
Increased Focus on Cybersecurity: As a result of growing interdependence and reliance on digital technologies among the dynamic positioning systems, cyber-security concerns have become more prominent. This heightened attention to cybersecurity encompasses employing advanced protections including encryption and intrusion detection systems against hacking threats. Stronger security protocols must be implemented to safeguard information and maintain the functional integrity of dynamic positioning systems. It simply implies that there is need for more robust security measures for countering emerging Ciber attacks while at the same time ensuring that maritime operations are still reliable.

• Expansion of Offshore Wind Energy Projects: Advanced dynamic positioning systems systems are needed for offshore wind energy projects’ expansion to support the installation, maintenance and operation of wind turbine generators. They are crucial in locating and stabilizing jack-up vessels in difficult marine conditions. There is therefore a growing demand for innovative dynamic positioning systems solutions that can tackle the unique challenges posed by the oceanic wind power industry, contributing to renewable sources of energy and enhancing overall sustainability of the maritime sector
• Rise of Autonomous Maritime Operations: The rise of autonomous vessels and operations in the sea has led to advances in dynamic positioning systems that rely on minimal human interventions. This means that such unmanned vehicles use Artificial Intelligence (AI) technologies together with advanced sensors to self-manage ship positioning and movement. Furthermore, this trend promotes efficient marine operations, which cut costs as well as ensuring safety at sea . The growth of these auto-operating devices is creating new market opportunities thus making it a game-changer in the dynamic positioning systems industry for decades.
Significant changes are occurring due to emerging trends in the dynamics positioning system market. Systems capabilities are being improved through integration with artificial intelligence (AI) and machine learning (ML), while environmental concerns are being addressed through green technology advancements. Securing Dynamic Positioning systems from cyberattacks has become increasingly important; additionally, there is an increasing demand resulting from offshore wind energy projects’ expansion. The advent of autonomous maritime operations has revolutionized the sector by introducing new technological innovations. All these contribute towards a more sophisticated, sustainable, and secured dynamic positioning systems market that meets new requirements set forth by the shipping industry.
Emerging Trends in the Dynamic Positioning System Market

Recent Developments in the Dynamic Positioning System Market

Evolving technologies and changing needs in diverse maritime applications, the dynamic positioning system market is undergoing rapid changes. Innovations pertaining to the automation of systems, environmentally friendly technology adoption, increased cyber threats as well as advances in sensor technology have been witnessed amongst others. They shape the future of dynamic positioning systems capabilities and target new operative problems. This overview provides an insight into five major developments within the DP system market emphasizing their effect on industry growth and performance.
• Enhanced Automation and AI Integration: The recent evolution of dynamic positioning systems involves better automation techniques that use artificial intelligence (AI). Vessel position optimization and operational efficiencies are among numerous parameters that are being optimized using this technology through the introduction of AI and machine learning concepts into dynamic positioning algorithms. Such innovations allow for real-time analysis by dynamic positioning systems in order to predict possible complications or make autonomous adjustments. This broadens the scope for application of these equipments as they become more accurate and reliable thereby minimizing human error hence improving overall safety. By doing so, these inventions propel dynamic positioning systems capabilities forward making them able to operate in ever more challenging marine environments.
• Adoption of Green Technologies: In the dynamic positioning system market, there is a notable development in green technology. In them, companies are incorporating energy efficient solutions and renewable sources of energy that help to mitigate environmental impacts. Reduction of emissions and compliance with stricter environmental regulations have been achieved through innovations including hybrid propulsion systems and alternative fuels. It shows that manufacturers are increasingly embracing sustainability as part of their corporate culture. The use of these technologies has contributed towards lowering the maritime industry’s carbon footprint and hastening adoption of cleaner energy throughout the globe.
• Improved Cybersecurity Measures: Improved cybersecurity measures represent a significant breakthrough for the dynamic positioning system market. There is an increased risk associated with cyber-attacks on dynamic positioning systems because they are becoming more connected and reliant on digital technologies. Recent advancements include adoption of sophisticated encryption techniques, intrusion detection systems, and regular security updates to shield away from cyber threats. These actions are critical in securing dynamic positioning systems’ data integrity by keeping it private. Enhanced protective protocols against cyber-attacks are conducive for maintaining continuous reliability in maritime operations which is a serious concern nowadays given digital age challenges.
• Advances in Sensor Technology: The development of sensor technology has had great implications on the dynamic positioning systems market. Today new sensors have higher precision, accuracy, and dependability compared to previous versions installed in dynamic positioning systems so as to enhance positioning accuracy and assist in marine environment monitoring. Within them include high-tech GPSs, motion sensors as well as environment sensors providing real-time information regarding sea situations . Such developments enable such dynamic positioning systems to perform better under challenging circumstances while supporting intricate maritime activities. The progress level at which this sensing equipment is evolving puts into perspective its impact upon dynamic positioning systems performance vis-a-vis safer operations at sea.
• Expansion into Emerging Markets: This indicates that dynamic positioning systems have expanded their business into emerging markets. The focus regions for these companies include Asia and Latin America due to the growing maritime industries. The expansion is as a result of increasing offshore exploration, development of maritime infrastructure and demand for advanced dynamic positioning systems . This presents huge opportunities for growth where local needs can be addressed by dynamic positioning systems providers and their technologies can be adapted to cater for specific regional requirements. The rise in the number of emerging markets has seen a corresponding increase in maritime activities, which have driven the growth of dynamic positioning systems systems in these varied markets.
The recent developments in the dynamic positioning system market signify key milestones such as automation, green technologies, cyber security measures, sensor technology and market expansion. These developments have enhanced dynamic positioning technology, evolving its abilities and targeting new challenges along dynamic positioning systems way. In this sense, stakeholders are taking steps towards enhancing operational efficiency and safety through embracing these innovations that are found in marine operations. Consequently continuous adaption and innovation geared towards realizing dynamic position has characterized this industry reflecting global trends globally at large with a view of meeting its objectives.

Strategic Growth Opportunities for Dynamic Positioning System Market

Dynamic positioning system market is growing fast due to technological advancements and increasing demands in various maritime applications. As industries seek to improve operations, safety and sustainability, strategic growth opportunities are emerging. Evolving market needs, regulatory requirements, and technological innovations shape these opportunities. Capitalizing on the growth potential and shaping the future DP systems can be achieved through identifying and leveraging key applications. Five key growth opportunities by application that represent vital areas of development in the dynamic positioning systems system market are outlined in the following sections.
• Offshore Oil and Gas Exploration: The offshore oil and gas exploration industry remains an area of significant growth for dynamic positioning systems . High precision dynamic positioning systems are required by the industry to maintain position of vessels during drilling as well as production activities in difficult marine environments. The improved accuracy and reliability of dynamic positioning systems have been enabled by developments in automation and AI that answer complex operational needs. Moreover pushing further into deep waters exploration as well as more hostile environments has increased demand for advanced dynamic positioning solutions. This growth opportunity results from continuing search for additional reserves together with advancing technologies supporting safer offshore drilling operations.

• Offshore Wind Energy: Offshore wind energy sector represents a notable opportunity for the dynamic positioning systems market to grow. As such, more dynamic positioning systems need to be incorporated into these off-shore wind farms so that they can support installation, maintenance and operation of the turbines themselves. In turbulent marine conditions, installation vessels require accurate positioning accompanied by stability which is guaranteed only if it is equipped with these systems. Enhanced sensors among others have made this possible thus making it possible to achieve efficient installations on wind turbine using better automation associated with dynamic positioning systems among other things thereby enhancing their safety characteristics too.this aligns with global efforts towards renewable energy sources increase and reduction of carbon emissions.
• Marine Research and Exploration: Advanced dynamic positioning systems are increasingly becoming essential tools in conducting research studies at sea as well as underwater explorations Marine researchers rely heavily on high-tech dynamic positioning systems for conducting scientific studies and underwater explorations. The stability of a research vessel or even a submersible ship during the collection of data and exploration is something that only this kind of equipment can guarantee. Growth in marine research primarily emanates from the need to study marine ecosystems, discover new species, as well as understand climate change impacts. Innovations in sensors, among other things, have made it possible to achieve more precision in terms ofdynamic positioning systems operations thereby making it easy for researchers to carry out extensive studies and explore previously inaccessible areas in the ocean.
• Security and Surveillance Operations: The security and surveillance sectors are increasingly using DP systems due to maritime security threats. Vessels and platforms used for monitoring critical infrastructure such as ports and offshore facilities are positioned by dynamic positioning systems. Enhanced dynamic positioning systems enhance effective surveillance responses hence addressing security threats while ensuring safety of maritime assets. This growth opportunity is driven by increasing global maritime traffic levels associated with heightened security measures that necessitate advanced DP solutions supporting comprehensive security operations.
• Autonomous Maritime Operations: New growth opportunities are being developed by autonomous maritime operations which are transforming the market for dynamic positioning system. The advent of autonomous vessels having advanced dynamic positioning technology enables operation with minimal human interference. By use of AI as well as machine learning these systems independently manage their own position and navigation thus enhancing efficiency besides reducing operational expenses. Advancements based on automation technologies coupled with demand for cost-effective innovative solutions has facilitated the rise of autonomous ships together with drones in maritime operations thereby leading to significant growth prospects for dynamic positioning systems too.
The strategic opportunities for growth in the dynamic positioning system market are centred on these main applications: offshore oil and gas exploration, offshore wind energy, marine research, security and surveillance, and autonomous maritime operations. Each of these applications has different demands for dynamic positioning systems due to advancements in technology and changes in the industry. By capitalizing on them, stakeholders will improve their operational efficiency, safety and sustainability of maritime transport thus shaping future of the dynamic positioning system market.

Dynamic Positioning System Market Driver and Challenges

The dynamic positioning system market is influenced by a combination of complex technological, economic and regulatory dynamics. Some major drivers include technologies advancement , increasing off shore activities , demand for operational safety which is increasing . Conversely high costs , compliance with regulations , as well as cyber risks present difficulties among other competitors . This paper will examine some key drivers together with challenges affecting dynamic positioning systems as they try to explore what it means for industry growth and development.
The factors responsible for driving the dynamic positioning system market include:
1. Technological Advancements: Technological advancements act as major drivers behind rapid expansion in dynamic positioning systems markets. Innovations that include AI or artificial intelligence, machine learning or ML as well as improved sensors have made dynamic positioning systems more accurate , reliable a d efficient . These improvements have enabled vessels be positioned more accurately within narrow margins under dynamic oceanic conditions automatically . Cutting edge technologies being developed all time are responsible for increased adoption rates that have enhanced features meeting various needs of maritime operations.
2. Increase in Offshore Activities: Increased offshore activities s such s oil & gas exploration wind energy projects as well as marine research have led to an escalated demand for advanced dynamic positioning systems. Dynamic positioning systems are essential in delivering high precision positioning and stability required for offshore operations . Growing need to find new resources together with robust renewable energy sectors has contributed to rapid expansion of off shore activities creating a strong market for dynamic positioning systems that support these crucial activities.
3. Emphasis on Operational Safety: As the most important driver, operational safety in the dynamic positioning system market is a critical factor that must be considered at all times. In this case, enhanced safety requirements and regulations make it necessary to use advanced DP systems capable of maintaining vessel stability and reliability even under extreme conditions . The growing concern regarding the safety standards and reduction of maritime accidents necessitates the use of sophisticated dynamic positioning systems that can handle complex and hazardous environments effectively.
4. Regulatory Compliance: Since regulatory compliance is one of the major drivers for the dynamic positioning system market this plays a significant role. These strict regulations and requirements concerning safety, emissions, efficiency among other aspects make companies invest into highly advanced dynamic positioning systems meeting these criteria. Dynamic positioning system users are therefore , required to abide by international and regional regulations that ensures they remain modernized enough to operate under present day maritime demands while being compliant with both legal and environmental measures.
5. Increasing Need for Autonomous Operations: The advancement of autonomous technology and the need to innovate maritime operations have resulted in the increase in dynamic positioning systems that support autonomous navigation and positioning hence improving effectiveness and decreasing operational costs. The growing demand for this kind of operation is stimulating development of modern dynamic positioning systems.
Challenges in the dynamic positioning system market are:
1. Expensive Transaction Costs: A key problem faced by developers, installers as well as maintainers of dynamic positioning systems are high costs. It may be a barrier to smaller operators and projects with limited budgets due to the complexity and sophistication needed for advanced dynamic positioning systems resulting in substantial investment requirements. It is important that cost management be done without compromising system performance and reliability over time when it comes to stakeholders operating within the DP market.
2. Complex Regulations: The regulatory landscape represents considerable complexity hurdles within the dynamic positioning market. Different regions or countries have different regulations directing how dynamic positioning systems operate which can pose challenges to ensuring compliance across multiple jurisdictions. This factor adds complexity, potentially slowing down the development and deployment associated with dynamic positioning systems because they must meet versatile regulatory needs.
3. Data Vulnerability: Data vulnerability has become an increasing concern in relation to this particular market segment. With increased digitization of these systems, they are prone to being hacked into or breached by cybercriminals posing various risks such as cybercrime compared to before. Protecting against any potential liabilities calls for robust cybersecurity measures that would ensure system integrality while maintaining its reliability and safety.
Technological advancements, offshore expansion, operational safety, regulatory compliance, and autonomy need are among major drivers while challenges include expensive transaction costs, complex regulations, data vulnerability and cybersecurity risk. These drivers helped grow this sector but at the same time issues like cost implications are affecting it adversely hence leading it towards negative development path; but nevertheless there is need to go through some aspects so as align growth vectors with emerging business trends on the market.

List of Dynamic Positioning System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dynamic positioning system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dynamic positioning system companies profiled in this report include-
• Moxa
• Kongsberg Gruppen
• Navis Engineering
• Praxis Automation Technology
• General Electric
• NORR Systems
• ABB
• Marine Technologies
• Wärtsilä
• Rolls-Royce

Dynamic Positioning System by Segment

The study includes a forecast for the global dynamic positioning system by component, equipment type, application, and region.

Dynamic Positioning System Market by Component [Analysis by Value from 2018 to 2030]:


• Power System
• DP Control System
• Thruster System

Dynamic Positioning System Market by Equipment Type [Analysis by Value from 2018 to 2030]:


• Class 1
• Class 2
• Class 3

Dynamic Positioning System Market by Application [Analysis by Value from 2018 to 2030]:


• Passenger Vessels
• Merchant Vessels
• Platform Supply Vessels/Offshore Support Vessels
• Naval Vessels & Operations
• Others

Dynamic Positioning System Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Dynamic Positioning System Market

There has been rapid growth and change in the dynamic positioning (DP) system market due to technological advancements, regulatory changes, and increased demand from key global regions. DP systems are critical for maintaining vessels’ exact positioning in complex marine environments, with recent developments indicating improvements in technology as well as safety and efficiency. This survey presents an overview of recent transformations and innovations in the DP market across the United States, Germany, China, India and Japan highlighting how each region is adjusting to meet the growing offshore requirements of maritime industries.
• United States: In USA, improved automation and integration with artificial intelligence (AI) have been achieved within DP system market. In order to make their operations more efficient and safe, American companies are increasingly adopting advanced DP systems that integrate AI as well as machine learning components. Furthermore, there has been a strong emphasis on cyber security awareness resulting into new protocols alongside technologies aimed at countering any forms of cyber threats.
• China: The Chinese DP system market has grown rapidly due to the country’s increasing offshore oil/gas exploration activities. For example, this evolution entails introducing reasonably-priced DP solutions customized for specific requirements of Chinese shipping industry. Underpinning these advancements is supportive government policy through increased funding and initiatives targeted at domestic development of indigenous DP technology thereby reducing reliance on foreign made systems.
• Germany: Sustainability along with technology innovation are the two major pillars of Germany DP system market. For example, this progress entails incorporation of green technologies and energy efficient solutions in DP systems thereby aligning with the goals of this country on environment. Furthermore, German companies have been at the forefront in development of hybrid propulsion systems as well as renewable energy integration for reducing environmental impact.
• India: This is because of increasing focus on offshore exploration and maritime security that India DP system market is growing. This includes recent developments like scalable and cost-effective DP systems suitable for a variety of marine applications. Local manufacturing capabilities’ investments plus homegrown technology development by Indian companies are some efforts towards reducing reliance on imports.
• Japan: Japanese dynamic positioning market is witnessing technological advancements driven by the need for enhanced maritime safety and efficiency. With a strong emphasis on disaster response and recovery, Japanese firms are developing innovative DP systems that incorporate advanced sensor technology and automation. The country is also investing in offshore renewable energy, leading to increased demand for reliable DP systems. Collaborations between government, industry, and research institutions are fostering innovation, ensuring Japan remains at the forefront of DP technology development in the Asia-Pacific region.

Features of the Global Dynamic Positioning System Market

Market Size Estimates: Dynamic positioning system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dynamic positioning system market size by component, equipment type, application, and region in terms of value ($B).
Regional Analysis: Dynamic positioning system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, equipment types, applications, and regions for the dynamic positioning system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dynamic positioning system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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FAQ

Q1. What is the dynamic positioning system market size?
Answer: The global dynamic positioning system market is expected to reach an estimated $11.9 billion by 2030.
Q2. What is the growth forecast for dynamic positioning system market?
Answer: The global dynamic positioning system market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dynamic positioning system market?
Answer: The major drivers for this market are expanding activities within the offshore shipping sector, rising global maritime trade, and rapid expansion of oil and gas refinery.
Q4. What are the major segments for dynamic positioning system market?
Answer: The future of the dynamic positioning system market looks promising with opportunities in the passenger vessel, merchant vessel, platform supply vessel/offshore support vessel, and naval vessel & operation markets.
Q5. Who are the key dynamic positioning system market companies?
Answer: Some of the key dynamic positioning system companies are as follows:
• Moxa
• Kongsberg Gruppen
• Navis Engineering
• Praxis Automation Technology
• General Electric
• NORR Systems
• ABB
• Marine Technologies
• Wärtsilä
• Rolls-Royce
Q6. Which dynamic positioning system market segment will be the largest in future?
Answer: Lucintel forecasts that, within the component cagtegory, power system is expected to witness the highest growth over the forecast period.
Q7. In dynamic positioning system market, which region is expected to be the largest in next 5 years?
Answer: In terms of regions, APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the dynamic positioning system market by component (power system, DP control system, and thruster system), equipment type (class 1, class 2, and class 3), application (passenger vessels, merchant vessels, platform supply vessels/offshore support vessels, naval vessels & operations, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dynamic Positioning System Market, Dynamic Positioning System Market Size, Dynamic Positioning System Market Growth, Dynamic Positioning System Market Analysis, Dynamic Positioning System Market Report, Dynamic Positioning System Market Share, Dynamic Positioning System Market Trends, Dynamic Positioning System Market Forecast, Dynamic Positioning System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.

                                                            Table of Contents

            1. Executive Summary

            2. Global Dynamic Positioning System Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2018 to 2030
                        3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
                        3.2. Global Dynamic Positioning System Market Trends (2018-2023) and Forecast (2024-2030)
                        3.3: Global Dynamic Positioning System Market by Component
                                    3.3.1: Power System
                                    3.3.2: DP Control System
                                    3.3.3: Thruster System
                        3.4: Global Dynamic Positioning System Market by Equipment Type
                                    3.4.1: Class 1
                                    3.4.2: Class 2
                                    3.4.3: Class 3
                        3.5: Global Dynamic Positioning System Market by Application
                                    3.5.1: Passenger Vessels
                                    3.5.2: Merchant Vessels
                                    3.5.3: Platform Supply Vessels/Offshore Support Vessels
                                    3.5.4: Naval Vessels & Operations
                                    3.5.5: Others

            4. Market Trends and Forecast Analysis by Region from 2018 to 2030
                        4.1: Global Dynamic Positioning System Market by Region
                        4.2: North American Dynamic Positioning System Market
                                    4.2.1: North American Dynamic Positioning System Market by Component: Power System, DP Control System, and Thruster System
                                    4.2.2: North American Dynamic Positioning System Market by Application: Passenger Vessels, Merchant Vessels, Platform Supply Vessels/Offshore Support Vessels, Naval Vessels & Operations, and Others
                        4.3: European Dynamic Positioning System Market
                                    4.3.1: European Dynamic Positioning System Market by Component: Power System, DP Control System, and Thruster System
                                    4.3.2: European Dynamic Positioning System Market by Application: Passenger Vessels, Merchant Vessels, Platform Supply Vessels/Offshore Support Vessels, Naval Vessels & Operations, and Others
                        4.4: APAC Dynamic Positioning System Market
                                    4.4.1: APAC Dynamic Positioning System Market by Component: Power System, DP Control System, and Thruster System
                                    4.4.2: APAC Dynamic Positioning System Market by Application: Passenger Vessels, Merchant Vessels, Platform Supply Vessels/Offshore Support Vessels, Naval Vessels & Operations, and Others
                        4.5: ROW Dynamic Positioning System Market
                                    4.5.1: ROW Dynamic Positioning System Market by Component: Power System, DP Control System, and Thruster System
                                    4.5.2: ROW Dynamic Positioning System Market by Application: Passenger Vessels, Merchant Vessels, Platform Supply Vessels/Offshore Support Vessels, Naval Vessels & Operations, and Others

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Dynamic Positioning System Market by Component
                                    6.1.2: Growth Opportunities for the Global Dynamic Positioning System Market by Equipment Type
                                    6.1.3: Growth Opportunities for the Global Dynamic Positioning System Market by Application
                                    6.1.4: Growth Opportunities for the Global Dynamic Positioning System Market by Region
                        6.2: Emerging Trends in the Global Dynamic Positioning System Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Dynamic Positioning System Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Dynamic Positioning System Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: Moxa
                        7.2: Kongsberg Gruppen
                        7.3: Navis Engineering
                        7.4: Praxis Automation Technology
                        7.5: General Electric
                        7.6: NORR Systems
                        7.7: ABB 7.8: Marine Technologies                       
7.9: Wärtsilä                       
7.10: Rolls-Royce                       
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.