News:Global Degaussing System Market is projected to reach a value of over USD 1.1 billion by 2027

Degaussing System Market: Summary

The Global Degaussing System Market is projected to reach a value of over USD 1.1 billion by 2027 at a CAGR of around 3.7%.

The Degaussing system refers to a steel hulled ship, large floating magnet covered by a large magnetic field. It is used for the metal parts as well as for the electronic devices which are at risk of magnetic device. However, the system prevents magnetic disturbance which helps for reducing the ship effect on the earth magnetic field.

Hence, to avoid the interference of magnetic compasses through the degaussing coil’s magnetic field, the degaussing control unit is use to manage and detect coil current and also compass compensating components.

Degaussing System Market: Drivers & Challenges

Market Driver:

  • Growing Technological Advancement in Degaussing System

With the growing the technological advancement is witness to increase scalability and performance of the market in the forecast period. Also with the rapid development of technology in the degaussing system will lead to boost the maritime technology in submersible vehicle. However, it provides new opportunities for the naval architect for designing the advance degaussing systems. Moreover, increasing the warfare threat will help to reduce the risk of navel mine strikes with the technology adoption which will enhance the market growth.

Hence, the increasing growth in technology in degaussing equipment and also the advancement of degaussing system in the navel welfare is projected to fuel the overall market for the degaussing system in the forecast period.

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Market Challenges:

  • High Cost Issues

One of the major key concern of the degaussing system market is the high cost of retrofit, calibration services, and installation. As well as the short number of ranging and deperming stations and usage of composite materials in the warship will also lead to hamper the growth of the market. However, the installation of this unique equipment is very expensive as well as its difficult to services all the ships which is need to serve will create a major restraining factor in the growth of the market in the forecast period.

Hence, the lack of skilled professionals in the field of the systems is also perform as a threat for the market growth.

Degaussing System Market: Key Segments

  • Segmentation based on Vessel Type: Small Vessels, Medium Vessel and Large Vessels.
  • Segmentation based on Product: Hardware and Software.
  • Segmentation based on Component: Solution and Services.
  • Segmentation based on End-Use: Original Equipment Manufacturer (OEM) and Aftermarket.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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Degaussing System Market: Report Scope

The report on the degaussing system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Vessel Type, Product, Component, End-Use, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • LARSEN & TOUBRO LIMITED (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Polyamp AB
  • Ultra Electronics
  • Wärtsilä
  • ECA GROUP
  • Dayatech Merin Sdn Bhd
  • IFEN S.P.A.
  • American Superconductor
  • STL Systems AG
  • L3Harris Technologies, Inc.
  • Other Key Companies
  • Surma Ltd
  • Vallon GmbH

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Degaussing System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Degaussing System Market, by Vessel Type

  • Small Vessels
  • Medium Vessel
  • Large Vessels

Degaussing System Market, by Product

  • Hardware
  • Conductors
  • Magnetometers
  • Bipolar Amplifiers
  • Magnetometers
  • Degaussing Coil Units
  • Software

Degaussing System Market, by Component

  • Solution
  • Degaussing
  • Ranging
  • Services

Degaussing System Market, by End-Use

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Degaussing System Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL DEGAUSSING SYSTEM MARKET BY VESSEL TYPE, Market Size in USD Million (2019–2027)

7 GLOBAL DEGAUSSING SYSTEM MARKET PRODUCT, Market Size in USD Million (2019–2027)

8 GLOBAL DEGAUSSING SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2019–2027)

9 GLOBAL DEGAUSSING SYSTEM MARKET BY END-USE, Market Size in USD Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

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