Degaussing System 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 2023

Published: June 2018
No. of Pages: 138
Single User License: US $ 5650
Corporate User License: US $ 8150
ReportsandReports

The degaussing system market is estimated to be USD809.7million in 2018 and is projected to reach USD981.2million by 2023, at a CAGR of 3.92%from 2018 to 2023. Factors such as increasing importance of degaussing system in naval warfare, technological advancement in degaussing equipment, and increasing defense budgets are driving the degaussing system market. Degaussing systems are installed in existing and new warships to reduce the magnetic signature of vessels. Thus, there has been an increasing demand for the installation of degaussing systems in existing and new naval fleets. In addition, the rise in defense spending has propelled the procurement of degaussing systems by countries worldwide, which, in turn, is expected to influence the growth of the degaussing system market.

Based on solution, the ranging segment is expected to grow at the highest CAGR from 2018 to 2023.”

Based on solution, the ranging solution segment is projected at the highest CAGR during the forecast period. The growth of the ranging solution segment can be attributed to the increased use of portable ranging devices that are inexpensive and easily available in the market.

Asia Pacific is projected to lead the degaussing system market during the forecast period.” The degaussing system in Asia Pacific is expected to lead the degaussing system market during the forecast period. Territorial  disputes in the South China Sea has led to the increased procurement of advanced degaussing systems in this region. The polarization of military power along the East and West coast of the Pacific Ocean and the Asia Pacific region has led to increased defense spending on the modernization of defense equipment to strengthen the protection of naval vessels.

Break-up of the profile of primary participants for this report:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%,and Tier 3 – 20%
  • By Designation: C Level – 35% and Director Level – 25%, others – 40%
  • By Region: Asia – 30%, Europe – 200%, North America – 30%,and RoW – 10% , Middle East – 10%

Major players operating in the degaussing system market 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.

Research Coverage

The research study segments the degaussing system market based on solution (degaussing, ranging, deperming), end user (OEM, services, aftermarket), vessel type(MCMV,OPV,FAC,frigate,submarine,corvettes,destroyers,amphibious,aircraft carriers), and region. These segments and sub segment sare mapped across major regions, namely North America, Europe, Asia, and Rest of the World (RoW). The report provides in-depth market intelligence regarding the key factors influencing the growth of the degaussing system market (drivers, restraints, opportunities, and industry-specific challenges). It analyses micro markets with respect to individual growth trends, prospects, and their contribution to the degaussing system market.

Reasons to buy the report:

From an insight perspective, the degaussing system market report focuses on various levels of analysis — industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape, high-growth regions and countries, and their respective regulatory policies, drivers, restraints, and opportunities.

The degaussing system market report provides insights on the following pointers:

  • Market Penetration: Information regarding the competitive landscape of the degaussing system market
  • Market Sizing: Market size in 2017and projection of the market from 2018to 2023
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the degaussing system market
  • Market Overview: Market dynamics and subsequent analysis of associated trends, drivers, restraints, and opportunities in the degaussing system market
  • Market Development: Comprehensive information about lucrative markets in various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the degaussing system market
  • Regional Analysis: Factors influencing the growth of the degaussing system market in North America, Europe, Asia Pacific , and the Rest of the World
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players

Published By: MarketsandMarkets
Product Code: MarketsandMarkets1924


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy