Degaussing System Market - Global Forecast to 2024
Market by Solution (Degaussing, Ranging, Deperming), End User (OEM, Services, Aftermarket), Vessel Type (MCMV, OPV, FAC, Submarines, Frigates, Corvettes, Destroyers, Aircraft Carriers, Amphibious), and Region - Global Forecast to 2024
Date : 2020-01-13
Price Single User:
Price Multiple User:
The Degaussing System market, in terms of value, is projected to grow at a CAGR of XX% from 2019 to 2024. The market is estimated to be USD XX Billion in 2018, and is projected to reach XX Billion by 2024. In this study, 2018 has been considered the base year, and 2019 to 2024 the forecast period, for estimating the market size of the global market.
OBJECTIVES OF THE STUDY
- To define, describe, and forecast the Degaussing System market in different segmentations
- To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
- To provide detailed information regarding the major factors influencing the growth of the Degaussing System market (drivers, restraints, opportunities, and industry-specific challenges)
- To provide a detailed overview of the value chain in the Degaussing System market and analyze the market trends with Porter’s five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Degaussing System market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Degaussing System market
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Degaussing System Market
4.2 Degaussing System Market, By Solution
4.3 Degaussing System Hardware Market, By Type
4.4 Degaussing System Market, By End User
4.5 Degaussing System Market for Vessel Type
4.6 Degaussing System Market, By Region
5 Market Overview
5.2 Market Dynamics
6 Industry Trends
6.2 Power Supply Architecture
6.2.1 Fully Distributed Degaussing System:
6.2.2 Semi-Distributed Degaussing System:
6.2.3 Centralized Degaussing System:
6.3 Control Mode
6.3.1 Current Controller Magnetometer:
6.4 Technological Trends
6.4.1 Copper Coils
6.4.2 Hts Material
6.4.3 Onboard Aerial Ranging
6.4.4 Multi Influence Range System
7 Degaussing System Market, By Vessel Type
7.2 Small Vessels
7.3 Medium Vessel
7.4 Large Vessel
7.4.2 Aircraft Carriers
8 Degaussing System Market, By Solution
9 Degaussing System Market, By End User
9.2 Original Equipment Manufacturer (OEM)
10 Regional Analysis
10.2 North America
10.4 Asia Pacific
11 Competitive Landscape
12 Company Profile
(Business Overview, Products Offered, Recent Developments)*
12.1 Larsen & Turbo Limited
12.2 Polyamp AB
12.3 Wartsila Corporation
12.4 Ultra Electronics Holdings PLC
12.5 ECA Group
12.6 IFEN S.P.A.
12.7 Dayatech Merin Sdn. Bhd.
12.8 American Superconductor Corporation
12.9 STL Systems AG
12.11 L3 Technologies
*Details on Business Overview, Products Offered, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
Based on end user, the OEM segment is projected to grow at the highest CAGR during the forecast period.
Based on end user, the OEM segment of the degaussing system market is projected to grow at the highest CAGR from 2019 to 2024. This growth can be attributed to the rise in the delivery of new ships worldwide.
Based on vessel type, the submarines segment is estimated to lead the degaussing system market in 2019.
Based on vessel type, the submarines segment is estimated to lead the degaussing system market in 2019. The growth of the submarines segment can be attributed to the need to protect submarines from enemy mines placed underwater by carrying out degaussing activities to completely demagnetize their magnetic signatures.
Based on solution, the ranging segment is expected to witness the highest growth during the forecast period.
Based on solution, the ranging segment of the degaussing system market is projected to grow at the highest CAGR during the forecast period. The growth of the degaussing segment is primarily driven by the increasing adoption of this systems in new and old vessels to protect them from enemy mines.
The degaussing system market in North America is expected to witness the highest growth during the forecast period.
The degaussing system market in North America is projected to grow at the highest CAGR from 2019 to 2024 The rise in defense spending in North America is one of the most significant factors contributing to the increased demand for degaussing systems in the region. In addition, need to protect combat and surface vessels from new and leftover enemy mines are additional factors driving the degaussing system market in North America.
Major companies profiled in the degaussing system market report include L&T (India), Polyamp (Sweden), ECA (France), Ultra Electronic (UK), Ifen SpA (Italy), Dayatech Merin (Malaysia), AMSC (US), STL System AG (Switzerland), and Surma LTD. (Switzerland), among others.