Degaussing System Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Degaussing System Market: By Type (External Degaussing System and Shipborne Degaussing System), By Application (OEMs, Aftermarket and Services) and Geography

 

 

 

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Report

Description

Degaussing System Market size is valued at USD 783.5 million in 2021 and is expected to grow at a CAGR of 3.5% from 2022 to 2028. Degaussing System was first utilized in the Second World War when German forces established naval mines that used to explode after coming in connection with the magnetic field. The growing necessity for a system to refuge magnetic flux produced by naval vessels caused the innovation of Degaussing Systems by the Royal British Navy. Degaussing System aids in making a naval vessel hidden on traditional detection systems. However, the naval vessels mro are noticeable to the eyes; its long-term detection on monitoring tools is impossible, offering a sneakiness mode to the naval war vessel in the global open waters. The global market provides a detailed overview of the Degaussing System market, and that can be segmented by type and by application. By type, the Degaussing System market has been segmented into External Degaussing systems and Shipborne Degaussing systems. The Shipborne Degaussing System segment is likely to be the significant growing segment in terms of type. The rise of this segment is mainly because degaussing solutions bid numerous advantages, such as improved signature control, support in magnetic maps, and fault management. In naval warfare, to defend ships from rival mines, the degaussing solution systems are accepted. Due to this reason, the Shipborne degaussing solution segment will observe growth in the Degaussing System Market. Based on Application, the Degaussing System market is segmented into OEMs, Aftermarkets, and Services. Among these, the OEM segment is expected to have the fastest-growing market during the forecast period 2022-2028. The development of the OEM segment can be credited to factors such as progressive degaussing systems with functions such as automatic control, LED status indicators, and sensor measurements.

Key Developments:

In May 2021, American Superconductor purchased private Connecticut-based Neeltran, a manufacturer of rectifiers and transformers to industrial clients

In June 2021, The US Navy has presented an award to ASMC four contracts for its degaussing system.

Degaussing System Market

MARKET SUMMARY
-
3.5% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 3.5%
  • Largest Market– Asia pacific
  • Fastest Growing Market– Europe

Degaussing System Market

  • The degaussing system market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The degaussing system market is segmented based on type, application and geography.
Key Players
  • Larsen and Turbo
  • Polyamp
  • Wartsila
  • Ultra Electronics
  • ECA Group
  • IFEN
Degaussing System Market Drivers

The growing significance of degaussing systems in naval conflict worldwide is anticipated to propel market growth over the forecast years. Moreover, the growing defense budgets to update the naval vessels are burgeoning the market growth over the forecast years.


North American Got Significant Share

Degaussing System Market

North American market is expected to witness the highest market share during the forecast period

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Degaussing system market provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The Degaussing system market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The Degaussing system market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Degaussing system market tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Degaussing system market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Degaussing System Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The degaussing system market is projected to expand at a CAGR of 3.5% during the forecast period

Larsen and Turbo, Polyamp, Wartsila, Ultra Electronics, ECA Group, IFEN, Dayatech Merin, American Superconductor, STL Systems, Surma, L3 Technologies

North American is the fastest-growing region for degaussing system market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Degaussing System Market Introduction
    • Global Degaussing System Market – Taxonomy
    • Global Degaussing System Market –Definitions
      • Type
      • Application
  1. Global Degaussing System Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Degaussing System Market Dynamic Factors – Impact Analysis
    • Global Degaussing System Market – Competition Landscape
  2. Global Degaussing System Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis,2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Degaussing System Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • External Degaussing System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Shipborne Degaussing System
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Degaussing System Market, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • OEMs
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Aftermarket
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Services
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Degaussing System Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Degaussing System Market – Opportunity Analysis Index, By Type, Application and Region, 2020 – 2026
  2. North America Degaussing System Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • External Degaussing System
      • Shipborne Degaussing System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • OEMs
      • Aftermarket
      • Services
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Degaussing System Market – Opportunity Analysis Index, By Type, Application and Country, 2020 – 2026
    • North America Degaussing System Market Dynamics – Trends
  3. Europe Degaussing System Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • External Degaussing System
      • Shipborne Degaussing System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • OEMs
      • Aftermarket
      • Services
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Europe Degaussing System Market – Opportunity Analysis Index, By Type, Application and Country, 2020 – 2026
    • Europe Degaussing System Market Dynamics – Trends
  4. Asia-Pacific Degaussing System Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • External Degaussing System
      • Shipborne Degaussing System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • OEMs
      • Aftermarket
      • Services
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • Australia & New Zealand
      • Rest of APAC
    • Asia-Pacific Degaussing System Market – Opportunity Analysis Index, By Type, Application and Country,2020 – 2026
    • Asia-Pacific Degaussing System Market Dynamics – Trends
  5. Latin America Degaussing System Market Analysis,2015 – 2019and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • External Degaussing System
      • Shipborne Degaussing System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • OEMs
      • Aftermarket
      • Services
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Rest of LATAM
    • Latin America Degaussing System Market – Opportunity Analysis Index, By Type, Application and Country, 2020 – 2026
    • Latin America Degaussing System Market Dynamics – Trends
  6. Middle East and Africa Degaussing System Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • External Degaussing System
      • Shipborne Degaussing System
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • OEMs
      • Aftermarket
      • Services
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • GCC Countries
      • South Africa
      • Rest of MEA
    • MEA Degaussing System Market – Opportunity Analysis Index, By Type, Application and Country, 2020 – 2026
    • MEA Degaussing System Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application Type& Service Types, Key Developments, Strategies, and SWOT Analysis)
      • Larsen and Turbo
      • Polyamp
      • Wartsila
      • Ultra Electronics
      • ECA Group
      • IFEN
      • Dayatech Merin
      • American Superconductor
      • STL Systems
      • Surma
      • L3 Technologies
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Larsen and Turbo
  • Polyamp
  • Wartsila
  • Ultra Electronics
  • ECA Group
  • IFEN
  • Dayatech Merin
  • American Superconductor
  • STL Systems
  • Surma
  • L3 Technologies

Description

Degaussing System Market size is valued at USD 783.5 million in 2021 and is expected to grow at a CAGR of 3.5% from 2022 to 2028. Degaussing System was first utilized in the Second World War when German forces established naval mines that used to explode after coming in connection with the magnetic field. The growing necessity for a system to refuge magnetic flux produced by naval vessels caused the innovation of Degaussing Systems by the Royal British Navy. Degaussing System aids in making a naval vessel hidden on traditional detection systems. However, the naval vessels mro are noticeable to the eyes; its long-term detection on monitoring tools is impossible, offering a sneakiness mode to the naval war vessel in the global open waters. The global market provides a detailed overview of the Degaussing System market, and that can be segmented by type and by application. By type, the Degaussing System market has been segmented into External Degaussing systems and Shipborne Degaussing systems. The Shipborne Degaussing System segment is likely to be the significant growing segment in terms of type. The rise of this segment is mainly because degaussing solutions bid numerous advantages, such as improved signature control, support in magnetic maps, and fault management. In naval warfare, to defend ships from rival mines, the degaussing solution systems are accepted. Due to this reason, the Shipborne degaussing solution segment will observe growth in the Degaussing System Market. Based on Application, the Degaussing System market is segmented into OEMs, Aftermarkets, and Services. Among these, the OEM segment is expected to have the fastest-growing market during the forecast period 2022-2028. The development of the OEM segment can be credited to factors such as progressive degaussing systems with functions such as automatic control, LED status indicators, and sensor measurements.

Key Developments:

In May 2021, American Superconductor purchased private Connecticut-based Neeltran, a manufacturer of rectifiers and transformers to industrial clients

In June 2021, The US Navy has presented an award to ASMC four contracts for its degaussing system.

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