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Degaussing System Market

Degaussing System Market Forecasts to 2028 – Global Analysis By Power (Static, Rotating), Type (Shipborne, External), Solution (Deperming, Ranging), Application (Biosensors, Catalysis) and By Geography

4.8 (25 reviews)
Published: August 2021 ID: SMRC20910
4.8 (25 reviews)
Published: August 2021 ID: SMRC20910

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Degaussing System Market is accounted for $1,184.79 million in 2020 and is expected to reach $1,877.00 million by 2028 growing at a CAGR of 5.9% during the forecast period. Growing demand for naval warfare and technological advancements in degaussing equipment are driving the market growth. However, unavailability of skilled professionals is hampering the growth of the market.

Degaussing system is used to reduce or eliminate unwanted magnetic field of anything such as the ships and these systems provide precise current control, overheating protection and LED status indicators which enable users to experience enhanced efficiency and safety.

Based on the solution, the degaussing segment is going to have lucrative growth during the forecast period as degaussing solutions offer various advantages such as enhanced signature control, assist in fault management, and magnetic maps. In naval warfare to protect ships from enemy mines, the degaussing solution systems are adopted, due to this reason the degaussing solution segment will have favorable growth in the during the time period.

By geography, North America is going to have high growth during the forecast period due to the rise in defense budgets and the need to safeguard vessels from the enemy are the drivers for the degaussing system market in the region.

Some of the key players profiled in the Degaussing System Market include L3 Technologies, Inc, American Superconductor, Ultra Electronic, Surma LTD, Polyamp, Dayatech Meri, Larsen & Turbo Limited, STL Systems AG, Ifen S.P.A., ECA Group, Dayatech Merin Sdn. BHD and Wartsila Corporation.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1,184.79 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

5.9%

Predicted 2028 Value:

USD 1,877.00 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

197

Chapters Covered:

Power, Type, Vessel Type, Solution, End User and Region

Core Drivers and Opportunities:

  • Growing demand for naval warfare
  • Increasing Defense Budgets
  • Technological advancements in degaussing equipment

Restraining Factors & Market Threats:

  • Unavailability of skilled professionals
  • Cost of retrofit and calibration services


Powers Covered:
• Static Power
• Rotating Power   

Types Covered:
• Shipborne Degaussing System
• External Degaussing System

Vessel Types Covered:
• Small Vessels (< 100 M)
• Medium Vessels (100-200 M)
• Large Vessels (>200 M)

Solutions Covered:
• Deperming
• Ranging
• Degaussing   

End Users Covered:
• Aftermarket
• Services
• Original Equipment Manufacturer (OEM)   

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Degaussing System Market is majorly driven by growing demand for naval warfare and technological advancements in degaussing equipment.

The degaussing segment is growing at a highest CAGR as degaussing solutions offer various advantages such as enhanced signature control; assist in fault management, and magnetic maps.

Asia Pacific dominated with a significant market share due to the factors such as increasing defense spending on the modernization of defense equipment to strengthen the protection of naval vessels and the need to modernize naval fleets has contributed to the integration and development of degaussing systems in Asia Pacific countries.

North America market is growing at a highest CAGR due to the rise in defense budgets and the need to safeguard vessels from the enemy contributes importantly in sustaining the market growth of North America.

Key players in Degaussing System Market include L3 Technologies, Inc, American Superconductor, Ultra Electronic, Surma LTD, Polyamp, Dayatech Meri, Larsen & Turbo Limited, STL Systems AG, Ifen S.P.A., ECA Group, Dayatech Merin Sdn. BHD and Wartsila Corporation.

1 Executive Summary     
      
2 Preface   
  
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 End User Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19     
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Degaussing System Market, By Power     
 5.1 Introduction    
 5.2 Static Power    
 5.3 Rotating Power    
      
6 Global Degaussing System Market, By Type     
 6.1 Introduction    
 6.2 Shipborne Degaussing System    
 6.3 External Degaussing System    
      
7 Global Degaussing System Market, By Vessel Type     
 7.1 Introduction    
 7.2 Small Vessels (< 100 M)    
  7.2.1 Offshore Patrol Vessel (OPV)   
  7.2.2 Fast Attack Craft (FAC)   
  7.2.3 Mine Counter Measure Vessel (MCMV)   
 7.3 Medium Vessels (100-200 M)    
  7.3.1 Destroyers   
  7.3.2 Corvettes   
  7.3.3 Submarine   
 7.4 Large Vessels (>200 M)    
  7.4.1 Amphibious   
  7.4.2 Aircraft Carriers   
  7.4.3 Frigate   
      
8 Global Degaussing System Market, By Solution     
 8.1 Introduction    
 8.2 Deperming    
 8.3 Ranging    
  8.3.1 Onboard   
   8.3.1.1 Coils  
   8.3.1.2 Transmitted Data Bouys  
   8.3.1.3 Monitors  
   8.3.1.4 Aerial Ranging Devices  
  8.3.2 Fixed   
 8.4 Degaussing    
  8.4.1 Services   
  8.4.2 Product   
   8.4.2.1 Software  
   8.4.2.2 Hardware  
    8.4.2.2.1 Magnetometers 
    8.4.2.2.2 Direct-Current (DC) Generators 
    8.4.2.2.3 Conductors 
    8.4.2.2.4 Degaussing Coil Units 
    8.4.2.2.5 Degaussing Control Units 
    8.4.2.2.6 Course Monitor Units 
    8.4.2.2.7 Bipolar Amplifiers 
    8.4.2.2.8 Compass Compensating Equipment 
      
9 Global Degaussing System Market, By End User     
 9.1 Introduction    
 9.2 Aftermarket    
 9.3 Services    
 9.4 Original Equipment Manufacturer (OEM)    
      
10 Global Degaussing System Market, By Geography     
 10.1 Introduction    
 10.2 North America    
  10.2.1 US   
  10.2.2 Canada   
  10.2.3 Mexico   
 10.3 Europe    
  10.3.1 Germany   
  10.3.2 UK   
  10.3.3 Italy   
  10.3.4 France   
  10.3.5 Spain   
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan   
  10.4.2 China   
  10.4.3 India   
  10.4.4 Australia   
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil   
  10.5.3 Chile   
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE   
  10.6.3 Qatar   
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa   
      
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
      
12 Company Profiling     
 12.1 L3 Technologies, Inc    
 12.2 American Superconductor    
 12.3 Ultra Electronic    
 12.4 Surma LTD    
 12.5 Polyamp    
 12.6 Dayatech Meri    
 12.7 Larsen & Turbo Limited    
 12.8 STL Systems AG    
 12.9 Ifen S.P.A.    
 12.10 ECA Group    
 12.11 Dayatech Merin Sdn. BHD    
 12.12 Wartsila Corporation         


List of Tables      
1 Global Degaussing System Market Outlook, By Region (2019-2028) ($MN)     
2 Global Degaussing System Market Outlook, By Power (2019-2028) ($MN)     
3 Global Degaussing System Market Outlook, By Static Power (2019-2028) ($MN)     
4 Global Degaussing System Market Outlook, By Rotating Power (2019-2028) ($MN)     
5 Global Degaussing System Market Outlook, By Type (2019-2028) ($MN)     
6 Global Degaussing System Market Outlook, By Shipborne Degaussing System (2019-2028) ($MN)     
7 Global Degaussing System Market Outlook, By External Degaussing System (2019-2028) ($MN)     
8 Global Degaussing System Market Outlook, By Vessel Type (2019-2028) ($MN)     
9 Global Degaussing System Market Outlook, By Small Vessels (< 100 M) (2019-2028) ($MN)     
10 Global Degaussing System Market Outlook, By Offshore Patrol Vessel (OPV) (2019-2028) ($MN)     
11 Global Degaussing System Market Outlook, By Fast Attack Craft (FAC) (2019-2028) ($MN)     
12 Global Degaussing System Market Outlook, By Mine Counter Measure Vessel (MCMV) (2019-2028) ($MN)     
13 Global Degaussing System Market Outlook, By Medium Vessels (100-200 M) (2019-2028) ($MN)     
14 Global Degaussing System Market Outlook, By Destroyers (2019-2028) ($MN)     
15 Global Degaussing System Market Outlook, By Corvettes (2019-2028) ($MN)     
16 Global Degaussing System Market Outlook, By Submarine (2019-2028) ($MN)     
17 Global Degaussing System Market Outlook, By Large Vessels (>200 M) (2019-2028) ($MN)     
18 Global Degaussing System Market Outlook, By Amphibious (2019-2028) ($MN)     
19 Global Degaussing System Market Outlook, By Aircraft Carriers (2019-2028) ($MN)     
20 Global Degaussing System Market Outlook, By Frigate (2019-2028) ($MN)     
21 Global Degaussing System Market Outlook, By Solution (2019-2028) ($MN)     
22 Global Degaussing System Market Outlook, By Deperming (2019-2028) ($MN)     
23 Global Degaussing System Market Outlook, By Ranging (2019-2028) ($MN)     
24 Global Degaussing System Market Outlook, By Onboard (2019-2028) ($MN)     
25 Global Degaussing System Market Outlook, By Fixed (2019-2028) ($MN)     
26 Global Degaussing System Market Outlook, By Degaussing (2019-2028) ($MN)     
27 Global Degaussing System Market Outlook, By Services (2019-2028) ($MN)     
28 Global Degaussing System Market Outlook, By Product (2019-2028) ($MN)     
29 Global Degaussing System Market Outlook, By End User (2019-2028) ($MN)     
30 Global Degaussing System Market Outlook, By Aftermarket (2019-2028) ($MN)     
31 Global Degaussing System Market Outlook, By Services (2019-2028) ($MN)     
32 Global Degaussing System Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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