Degaussing System Market

Plastic Optic Fiber Market Report Thumbnail

Degaussing System Market by Solution (Degaussing, Ranging, and Deperming), by Vessel Type (MCMV, Submarines, Aircraft Carriers, OPV, Frigates, Corvettes, Destroyers, FAC, and Amphibious), by End User (Services, OEM, and Aftermarket), and by Application (External and Shipborne) – Global Opportunity Analysis and Industry Forecast 2022-2030

  • Facebook
  • Linkedin
  • Whatsapp

Market Definition:

Global Degaussing System Market size was valued at USD 1.07 billion in 2021 and is predicted to reach USD 1.47 billion by 2030 with a CAGR of 3.6% from 2022-2030.

Degaussing system refers to a type of system that helps in reducing unwanted magnetic fields stored in reels, hard drives, diskettes, computers, and cartridge tapes. The magnetic data on a hard disc or tape is either neutralized or erased when exposed to the strong magnetic field of a degausser. This system is widely used by navy of different countries to mask their ship’s magnetic signature, making it difficult to be detected by external magnetic devices. Steel being the basic construction material of warships, causes disturbances in the earth’s magnetic field that can be detected by powerful magnetic sensors. As a countermove, degaussing systems are deployed to reduce or nullify the threat of magnetically activated mines and thus increase ship’s survivability. This system is operated by installing electrical cables that carry measured electric current around the circumference of the ship’s hull. This electric current runs from bow to stern on both sides of the vessel, resulting in the elimination of the ship’s magnetic field.

Market Dynamics and Trends:

The demand for degaussing system is increasing due to its growing significance in naval warfare and increasing adoption by the maritime forces of several countries such as China, the U.S, Russia, and others owing to its demagnetizing properties that defend ships from underwater mines.

Also, factors such as increasing defense spending to modernize the naval fleets along with the use of superconductors that reduce the weight of the vessel and energy consumption of the degaussing equipment are expected to propel the growth of the market during the forecast period.

However, the high cost of installation and calibration services are factors, expected to restrain the growth of the market during the forecast period. On the other hand, increasing maritime warfare exercises among various countries such as the U.S, India, and Russia as well as the development of the High-Temperature Superconducting (HTS) Degaussing System are expected to create lucrative growth opportunities for the degaussing system manufacturers in the future.

 

Market Segmentations and Scope of the Study:

The degaussing system market has been segmented based on solution, end-use, vessel type, application, and geography. Based on solution, the market is bifurcated into degaussing, ranging, and deperming. The degaussing market is sub-segmented into hardware and software. The hardware segment is further divided into degaussing coil units, degaussing control units, bipolar amplifiers, conductors, compass compensating equipment, DC generators, magnetometers, and course monitor units. The ranging segment is sub-segmented into fixed and onboard. The onboard segment is further classified into transmitted data buoys, coils, aerial ranging devices, software, monitors, and magnetometers. Based on end-user, the market is bifurcated into services, OEM, and aftermarket. Based on vessel type, the market is classified into MCMV, OPV, FAC, submarines, frigates, corvettes, destroyers, aircraft carriers, and amphibious.  On the basis of application, the market is divided into external and shipborne. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis:

North America holds the lion’s share of degaussing system market and is expected to continue dominating the market throughout the forecast period. This is attributed to factors such as the need to safeguard vessels from enemies, and rising investments in the defense sector. Moreover, technological advancements made by several government and non-government organizations to improve the effectiveness of degaussing systems, particularly in the U.S are further driving the market growth in this region. For instance, in June 2021, the American Society of Military Comptrollers (ASMC) introduced its degaussing system in Special Purpose Ships (SPS), with a 90% lighter degaussing technology than conventional degaussing products, which is designed to defend warships.

However, Asia Pacific is expected to show a steady rise in the degaussing system market due to escalated maritime border tensions between the countries such as India, China, Japan, and the Philippines among others in this region that have led to an increase in their military spending. These countries are also expected to build, develop, and procure new naval vessels that will in turn drive the market growth of degaussing systems in the near future.

 

Competitive Landscape:

The degaussing system market comprises of various players such as L&T, Polyamp, ECA, Ultra Electronic, Ifen SPA, Dayatech Merin, AMSC, STL System AG, Surma LTD, and American Superconductor Corporation.

These market players are making various agreements and securing big ticket orders to maintain their dominance in the global market.

For instance, in January 2021, American Superconductor Corporation (AMSC) received a $14.94 million contract from the U.S. Naval Surface Warfare Center to supply equipment and services for a high temperature superconducting (HTS) degaussing system.

Key Benefits:

  • The degaussing system market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assist in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the degaussing system market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the degaussing system market is provided in the report.

  • The competitive analysis of the market players along with their market share in the degaussing system market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments:

By Product Type

  • Degaussing

    • Hardware

      • Degaussing Coil Units

      • Degaussing Control Units

      • Bipolar Amplifiers

      • Conductors

      • Compass Compensating Equipment

      • DC Generators

      • Magnetometers

      • Course Monitor Units

    • Software

  • Ranging

    • Fixed

    • Onboard

      • Transmitted Data Bouys

      • Coils

      • Aerial Ranging Devices

      • Software

      • Monitors

      • Magnetometers

  • Deperming

By Vessel Type

  • Small Vessels

    • MCMV

    • OPV

    • FAC

  • Medium Vessels

    • Submarines

    • Corvettes

    • Destroyers

  • Large Vessels

    • Aircraft Carriers

    • Frigates

    • Amphibious

By End Use

  • OEM

  • Services

  • Aftermarket

By Application

  • External

  • Shipborne

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Rest of Asia-Pacific

    • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining countries

KEY PLAYERS

  • L&T

  • Polyamp

  • ECA

  • Ultra-Electronic

  • Ifen SPA

  • Dayatech Merin

  • AMSC

  • STL System AG

  • Surma LTD

  • American Superconductor Corporation

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Solution (Degaussing, Ranging, and Deperming), by Vessel Type (MCMV, Submarines, Aircraft Carriers, OPV, Frigates, Corvettes, Destroyers, FAC, and Amphibious), by End User (Services, OEM, and Aftermarket), and by Application (External and Shipborne)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining Countries)

Companies Profiled

L&T, Polyamp, ECA, Ultra Electronic, Ifen SPA, Dayatech Merin, AMSC, STL System AG, Surma LTD, and American Superconductor Corporation.

Bar chart Pie chart Pie chart

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

Frequently Asked Questions

According to the report published by Next Move Strategy Consulting, the Degaussing System market business is expected to hit at $1.47 billion (USD) by 2030.

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

L&T, Polyamp, ECA, Ultra Electronic, Ifen SPA, Dayatech Merin, AMSC, STL System AG, Surma LTD, and American Superconductor Corporation.

The global Degaussing System market share analysis is based on solution, end-use, vessel type, application, and geography.

Currently (in 2020), the market value stands at USD 1.07 billion and it is anticipated to reach USD 1.47 billion by 2030.
popular
$4,975
$3,975
$6,975
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more