Degaussing System Market by Vessel Type (Small, Medium, Large), by Component (Solution, Services), by Product (Hardware, Software), by End-Use (OEM, Aftermarket), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Degaussing System Market - Global Industry Analysis and Forecast 2020 to 2027

Degaussing System Market: Summary

The Global Degaussing System Market is projected to reach a value of over USD 1.1 billion by 2027 at a CAGR of around 3.7%.

The Degaussing system refers to a steel hulled ship, large floating magnet covered by a large magnetic field. It is used for the metal parts as well as for the electronic devices which are at risk of magnetic device. However, the system prevents magnetic disturbance which helps for reducing the ship effect on the earth magnetic field.

Hence, to avoid the interference of magnetic compasses through the degaussing coil’s magnetic field, the degaussing control unit is use to manage and detect coil current and also compass compensating components.

Degaussing System Market

Degaussing System Market: Drivers & Challenges

Market Driver:

  • Growing Technological Advancement in Degaussing System

With the growing the technological advancement is witness to increase scalability and performance of the market in the forecast period. Also with the rapid development of technology in the degaussing system will lead to boost the maritime technology in submersible vehicle. However, it provides new opportunities for the naval architect for designing the advance degaussing systems. Moreover, increasing the warfare threat will help to reduce the risk of navel mine strikes with the technology adoption which will enhance the market growth.

Hence, the increasing growth in technology in degaussing equipment and also the advancement of degaussing system in the navel welfare is projected to fuel the overall market for the degaussing system in the forecast period.

Market Challenges:

  • High Cost Issues

One of the major key concern of the degaussing system market is the high cost of retrofit, calibration services, and installation. As well as the short number of ranging and deperming stations and usage of composite materials in the warship will also lead to hamper the growth of the market. However, the installation of this unique equipment is very expensive as well as its difficult to services all the ships which is need to serve will create a major restraining factor in the growth of the market in the forecast period.

Hence, the lack of skilled professionals in the field of the systems is also perform as a threat for the market growth.

Degaussing System Market: Key Segments

  • Segmentation based on Vessel Type: Small Vessels, Medium Vessel and Large Vessels.
  • Segmentation based on Product: Hardware and Software.
  • Segmentation based on Component: Solution and Services.
  • Segmentation based on End-Use: Original Equipment Manufacturer (OEM) and Aftermarket.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Degaussing System Market: Report Scope

The report on the degaussing system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Vessel Type, Product, Component, End-Use, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • LARSEN & TOUBRO LIMITED (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Polyamp AB
  • Ultra Electronics
  • Wärtsilä
  • ECA GROUP
  • Dayatech Merin Sdn Bhd
  • IFEN S.P.A.
  • American Superconductor
  • STL Systems AG
  • L3Harris Technologies, Inc.
  • Other Key Companies
    • Surma Ltd
    • Vallon GmbH

Degaussing System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Degaussing System Market, by Vessel Type

  • Small Vessels
  • Medium Vessel
  • Large Vessels

Degaussing System Market, by Product

  • Hardware
    • Conductors
    • Magnetometers
    • Bipolar Amplifiers
    • Magnetometers
    • Degaussing Coil Units
  • Software

Degaussing System Market, by Component

  • Solution
    • Degaussing
    • Ranging
  • Services

Degaussing System Market, by End-Use

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Degaussing System Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Degaussing System Market  Providers
  • Degaussing System Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Degaussing System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE DEGAUSSING SYSTEM MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Technological Advancement in Degaussing System
      2. Increase in Maritime Warfare
    3. Restraint
      1. Usage of Complex Materials in Warships
    4. Opportunities
      1. Rising Demand in Naval Welfare
      2. Increasing Defense Budgets
    5. Challenges
      1. Lack of Skilled Professionals
      2. High Cost Issues
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL DEGAUSSING SYSTEM MARKET BY VESSEL TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Small Vessels
    3. Medium Vessel
    4. Large Vessels
  7. GLOBAL DEGAUSSING SYSTEM MARKET PRODUCT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
      1. Conductors
      2. Magnetometers
      3. Bipolar Amplifiers
      4. Magnetometers
      5. Degaussing Coil Units
    3. Software
  8. GLOBAL DEGAUSSING SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Solution
      1. Ranging
      2. Degaussing
    3. Services
  9. GLOBAL DEGAUSSING SYSTEM MARKET BY END-USE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Original Equipment Manufacturer (OEM)
    3. Aftermarket
  10. GLOBAL DEGAUSSING SYSTEM MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. LARSEN & TOUBRO LIMITED
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Polyamp AB
    3. Ultra Electronics
    4. Wärtsilä
    5. ECA GROUP
    6. Dayatech Merin Sdn Bhd
    7. IFEN S.P.A.
    8. American Superconductor
    9. STL Systems AG
    10. L3Harris Technologies, Inc.
    11. Other Key Companies
      1. Surma Ltd
      2. Vallon GmbH
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AnD 075

Published : July, 2020


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