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    Degaussing System Market Report

    Degaussing System Market Report
    Report code - SRAD273 Delivery - 2 Weeks
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    Degaussing System Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Degaussing System Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Degaussing System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    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.

    Degaussing System Market - Snapshot

    Growth

    4.2% for the next five years

    Major Vessel Type

    Medium vessel

    Major Solution Type

    Degaussing solution

    Dominant End-User Type

    Original equipment manufacturer

    Region with the highest demand

    North America

    Key Players

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

    Segments' Analysis

    Degaussing-System-Market-Dominant-Segments

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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.

    Degaussing-System-Market-By-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.

    Degaussing System Market Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    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)