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Dynamic positioning systemsare computer driven system which automatically maintain a vessel’s heading and positionwith the help of its ownthrusters and propellers. It allows a vessel to automatically maintain its balance. Vessels installed with dynamic positioning systems have ability to operate with reliability, positioning accuracy, and safety. Due to which, such systems have been successfully accepted worldwide across various industries and the international maritime organizations such as General Electric Co. and Marine Technologies LLC. However, the deployment of these systems might be restricted due to the previously installed subsea structures on the seabed. But, for certain deepwater production and exploration scenarios, dynamic positioning operated vessels might be the only viable solution due to the length and depth of mooring lines required.  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. The dynamic positioning system is also used in combination with mooring and anchoring to form position mooring systems for energy efficiency.

The dynamic positioning system market has been experiencing accelerated growth in recent years due to increase in number of dynamic position vessels like survey vessels, drilling ships, supply vessels, diving support vessels and many more. Moreover, technological improvement and usage of dynamic positioning vessels for offshore drilling by oil industries is also boosting the demand of dynamic positioning systems. But at the same time, lack of competent dynamic position operators and system complexity is restraining the market growth. In addition, installation and operation of a dynamic positioning system are major challenges restraining the DPS market growth.Application of dynamic positioning system in floating production storage and offloading vessel operations creates new opportunities to the dynamic positioning system manufacturer. It is also expected that advancements in the usage of condition-based monitoring systems as a part of vessel maintenance strategies would shape and influence the dynamic positioning system market.

The dynamic positioning systems market has been segmented by sub-system, by reference system, by equipment type, by application and by region. In terms of the equipment type, the dynamic positioning system market is segmented into equipment class 1, class 2 and class 3. The sub-system segmentation covers thruster systems, power systems, sensors and dynamic positioning control systems. On the basis of reference system, the market is segmented into Artemis, taut wire, differential global positioning systemhydro acoustic position reference, and laser based systems. The market is also segmented on the basis of applications, such as merchant vessels, passenger ships, naval vessels, and offshore vessels. Based on the geographic regions, the dynamic positioning systems market is categorized into Latin America, Europe, Middle East and Africa, Asia-Pacific (APAC), and North America. The increasing deep-sea excavations and the rising maritime trade with the Asia-Pacific and Africa regions is boosting the market growth. Moreover, safety operations across deep ocean waters during offshore oil and gas operations is accelerating the demand for dynamic positioning systems in Asia-Pacific region.

Some of the key players in dynamic positioning systems market are Rolls-Royce PLC, Marine Technologies LLC, Kongsberg Gruppen ASA, L-3 Communications corp., General Electric Co.,NORR Systems Pvt. Ltd., Navis Engineering Oy, AB Volvo Penta, and Praxis Automation and Technology B.V.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Dynamic Positioning Systems Market

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