Degaussing System Market Forecast Receive a Fillip Owing to...

Degaussing System Market Forecast Receive a Fillip Owing to Burgeoning Demand During the Forecast Period 2027

Posted 2022-05-10 09:23:19

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Degaussing System Market: Information by Solution (Degaussing, Ranging, and Deperming), by Vessel Type (Small Vessel, Medium Vessel, and Large Vessel), by End User (OEM, Aftermarket, and Services) and by Region — Global Forecast till 2027

Market Highlights

Degaussing Systems prevent generation of magnetic disturbances which assist in reducing the ship’s effect on earth’s magnetic field. Factors such as demand degaussing systems in naval warfare and development of advanced degaussing systems are bolstering the market growth.

The global Degaussing System Market has been segmented based on solution, vessel type, end user and region. On the basis of solution, the degaussing system market is divided into degaussing, ranging, and deperming. In 2017, the degaussing segment dominated the global market as they offer enhanced signature control, magnetic maps, and assist in fault managements. On the basis of vessel type, the market has been segmented into small vessel, medium vessel, and large vessel. The medium vessel segment is anticipated to grow at the fast CAGR over the forecast period owing to increasing investments made by governments of various countries in submarines and destroyers. On the basis of end user, the market has been segmented into OEM, aftermarket and services. The OEM segment dominated the market in 2017. Factors such as advanced degaussing systems with functionalities such as sensor measurements, automatic control, and LED status indicators among others provided by OEMs is driving the market growth.

On the basis of region, the global degaussing system market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2017, North America dominated the global market. Presence of prominent players such as L3 Technologies, Inc., and American Superconductor among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to factors such as increasing defense expenditure by developing economies such as China and India. Additionally, increasing adoption of degaussing systems by countries such as Japan for promoting oceanography is bolstering the market growth in the region.

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Key Players

The key players in the global degaussing system market are L3 Technologies, Inc. (US), American Superconductor (US), Polyamp AB (Sweden), LARSEN & TOUBRO LIMITED (India), Wärtsilä (Finland), Ultra Electronics (UK), Groupe Gorgé (France), IFEN SpA (Spain), STL Systems AG (Switzerland) and Surma Ltd (Finland).

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Table Of Contents

Executive Summary
Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Takeaways

2.5. Key Buying Criteria

Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

3.7. Limitations

Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat Of New Entrants

4.1.2. Bargaining Power Of Buyers

4.1.3. Threat Of Substitutes

4.1.4. Segment Rivalry

4.1.5. Bargaining Power Of Supplies

4.2. Value Chain/Supply Chain Analysis

Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

Industry Dynamics

6.1. Technology Trend

6.2. Regulatory Landscape

6.3. Patent Analysis Outlook

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