Degaussing System Market Report

Market Insights

Degaussing System Market is likely to witness a healthy CAGR of 4.2% during the forecast period. Rising defense budgets of both developed and developing economies, increasing importance of degaussing system in naval warfare, and technological advancement in degaussing system are the major factors driving the growth of the market globally.

Segments' Analysis

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Degaussing System Market Share: By Vessel Type

Based on the vessel type, the market has been segmented as small vessels, medium vessels, and large vessels. The medium vessel segment is expected to lead the market during the forecast period. Growing need to protect submarines from enemy mines placed underwater by carrying out degaussing activities are the major factors behind the dominance of the medium vessel segment.

Degaussing System Market Share: By Solution Type

Based on the solution type, the market has been segmented as ranging, degaussing, and deperming. The degaussing solution segment is estimated to lead the market during the forecast period.  The adoption of degaussing systems in naval warfare to protect ships from enemy mines drives the growth of this segment.

Degaussing System Market Share: By End-User Type

Based on the end-user type, the degaussing system market is segmented as original equipment manufacturer, aftermarket, and services. It is estimated that the OEM segment will depict the highest growth during the forecast period, owing to the increase in the delivery of new ships across the globe.

Degaussing System Market Share: By Region

In terms of regions, North America is expected to register the highest growth during the forecast period. The rise in defense budgets and the need to safeguard vessels from the enemy are the drivers of the degaussing system market in the region. Asia-Pacific is the largest market for degaussing system and is expected to retain its position during the forecast period. Territorial dispute in the South China Sea has led to the increase in obtaining of advanced degaussing system in the Asia-Pacific region.

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Market Scope & segmentation

Degaussing System is the method that is used to decrease the magnetic field of anything such as the ships. It was initially being used in the magnetic structures of ships during World War II.

Degaussing System is used for small vessels, medium vessels, as well as the large vessels. Original equipment manufacturer, aftermarket, and services are some of the end-users for the degaussing system.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The degaussing system market is segmented into the following categories. 

Degaussing System Market Size, Share, & Forecast, by Vessel Type:

• Small Vessels 
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Vessel Type Analysis: OPV, MCMV, and FAC)
• Medium Vessel
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Vessel Type Analysis: Submarines, Corvettes, and Destroyers)
• Large Vessel 
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Vessel Type Analysis: Frigates, Aircraft Carriers, and Amphibious)

Degaussing System Market Size, Share, & Forecast, by Solution Type:

• Ranging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Fixed
  • Onboard
    • Transmitted Data Buoys
    • Magnetometers
    • Monitors
    • Software
    • Coils
    • Aerial Ranging Devices
• Degaussing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Products
    • Hardware
      • Degaussing Coil Units
      • Magnetometers
      • Degaussing Control Units
      • Bipolar Amplifiers
      • DC Generators
      • Conductors
      • Course Monitor Units
      • Compass Compensating Equipment
    • Software
  • Services
• Deperming (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Degaussing System Market Size, Share, & Forecast, by End-User Type:

• Original Equipment Manufacturer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Degaussing System Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the degaussing system market are-

• Larsen & Turbo Limited
• Polyamp AB
• Wartsila
• Ultra Electronics Holdings
• ECA Group
• IFEN S. p.A.
• Dayatech Merin Sdn. Bhd.
• American Superconductor
• STL Systems AG
• L3 Technologies

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vessel types by solution type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com