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Degaussing System Market by Solution, End User, Vessel Type, and Region - Global Forecast to 2023

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    Report

  • 140 Pages
  • June 2018
  • Region: Global
  • Markets and Markets
  • ID: 4585976

The degaussing system market is projected to grow at a CAGR of 3.92% during the forecast period.





The degaussing system market is estimated to be USD 809.7 million in 2018 and is projected to reach USD 981.2 million 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%

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 subsegments are 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 micromarkets 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 2017 and projection of the market from 2018 to 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

Frequently Asked Questions about the Degaussing System Market

What is the estimated value of the Degaussing System Market?

The Degaussing System Market was estimated to be valued at $809.7 million in 2018.

What is the growth rate of the Degaussing System Market?

The growth rate of the Degaussing System Market is 3.9%, with an estimated value of $981.2 million by 2023.

What is the forecasted size of the Degaussing System Market?

The Degaussing System Market is estimated to be worth $981.2 million by 2023.

Who are the key companies in the Degaussing System Market?

Key companies in the Degaussing System Market include American Superconductor Corporation, Dayatech Merin Sdn. BHD., ECA Group, Ifen S.P.A., L3 Technologies, Larsen & Turbo Limited, Polyamp AB, STL Systems AG and Ultra Electronics Holdings PLC.

Table of Contents


1 Introduction2 Research Methodology3 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 Asia Pacific Degaussing System Market
4.7 Degaussing System Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Importance of Degaussing Systems in Naval Warfare
5.2.1.2 Technological Advancement in Degaussing Equipment
5.2.1.3 Increasing Defense Budgets
5.2.2 Restraints
5.2.2.1 Use of Composite Materials in Warships
5.2.3 Opportunities
5.2.3.1 Increase in Maritime Warfare Exercises
5.2.4 Challenges
5.2.4.1 High Cost of Retrofit, Installation, and Calibration Services
5.2.4.2 Lack of Skilled Professionals
5.2.4.3 Limited Number of Ranging and Deperming Stations
6 Industry Trends
6.1 Introduction
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
6.5 Strategic Benchmarking
7 Degaussing System Market, By Vessel Type
7.1 Introduction
7.2 Small Vessels
7.2.1 OPV
7.2.2 MCMV
7.2.3 FAC
7.3 Medium Vessel
7.3.1 Submarines
7.3.2 Corvettes
7.3.3 Destroyers
7.4 Large Vessel
7.4.1 Frigates
7.4.2 Aircraft Carriers
7.4.3 Amphibious
8 Degaussing System Market, By Solution
8.1 Introduction
8.2 Ranging
8.2.1 Fixed
8.2.2 Onboard
8.2.2.1 Transmitted Data Buoys
8.2.2.2 Magnetometers
8.2.2.3 Monitors
8.2.2.4 Software
8.2.2.5 Coils
8.2.2.6 Aerial Ranging Devices
8.3 Degaussing
8.3.1 Products
8.3.1.1 Hardware
8.3.1.1.1 Degaussing Coil Units
8.3.1.1.2 Magnetometers
8.3.1.1.3 Degaussing Control Units
8.3.1.1.4 Bipolar Amplifiers
8.3.1.1.5 DC Generators
8.3.1.1.6 Conductors
8.3.1.1.7 Course Monitor Units
8.3.1.1.8 Compass Compensating Equipment
8.3.1.2 Software
8.3.2 Services
8.4 Deperming
9 Degaussing System Market, By End User
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
9.4 Services
10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Russia
10.3.5 Italy
10.3.6 Spain
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 North Korea
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 ME&A
10.5.2 South America
11 Competitive Landscape
11.1 Introduction
11.2 Rank Analysis of Key Players in the Degaussing System Market
11.3 Competitive Scenario
11.3.1 Contracts
11.3.2 New Product Launches
12 Company Profile
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
12.10 Surma
12.11 L3 Technologies
13 Appendix
List of Tables
  • Table 1 Degaussing System Market, By Vessel Type Size, 2016-2023 (USD Million)
  • Table 2 Degaussing System Market, By Vessel Type, 2016-2023 (USD Million)
  • Table 3 Degaussing System Market for OPV, By Region, 2016-2023 (USD Million)
  • Table 4 Degaussing System Market for MCMV, By Region, 2016-2023 (USD Million)
  • Table 5 Degaussing System Market for FAC, By Region, 2016-2023 (USD Million)
  • Table 6 Degaussing System Market for Submarines, By Region, 2016-2023 (USD Million)
  • Table 7 Degaussing System Market for Corvettes, By Region, 2016-2023 (USD Million)
  • Table 8 Degaussing System Market for Destroyers, By Region, 2016-2023 (USD Million)
  • Table 9 Degaussing System Market for Frigates, By Region, 2016-2023 (USD Million)
  • Table 10 Degaussing System Market for Aircraft Carriers, By Region, 2016-2023 (USD Million)
  • Table 11 Degaussing System Market for Amphibious, By Region, 2016-2023 (USD Million)
  • Table 12 Degaussing System Market, By Solution, 2016-2023 (USD Million)
  • Table 13 Ranging Solution Market, By Region, 2016-2023 (USD Million)
  • Table 14 Ranging Solution Market, By Offering, 2016-2023 (USD Million)
  • Table 15 Onboard Ranging Solution Market, By Product, 2016-2023 (USD Million)
  • Table 16 Degaussing Solution Market, By Region, 2016-2023 (USD Million)
  • Table 17 Degaussing Solution Market, By Offering, 2016-2023 (USD Million)
  • Table 18 Onboard Degaussing System Market, By Hardware, 2016-2023 (USD Million)
  • Table 19 Deperming Solution Market, By Region, 2016-2023 (USD Million)
  • Table 20 Degaussing System Market, By End User, 2016-2023 (USD Million)
  • Table 21 Degaussing System OEM Market, By Region, 2016-2023 (USD Million)
  • Table 22 Degaussing System Aftermarket, By Region, 2016-2023 (USD Million)
  • Table 23 Degaussing System Services, By Region, 2016-2023 (USD Million)
  • Table 24 Degaussing System Market, By Region, 2016-2023 (USD Million)
  • Table 25 North America Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 26 North America Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 27 North America Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 28 North America Degaussing System Market, By Country, 2016-2023 (USD Million)
  • Table 29 US Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 30 US Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 31 US Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 32 Canada Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 33 Canada Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 34 Canada Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 35 Europe Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 36 Europe Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 37 Europe Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 38 Europe Degaussing System Market, By Country, 2016-2023 (USD Million)
  • Table 39 UK Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 40 UK Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 41 UK Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 42 Germany Degaussing System Market Size, By Solution, 2016–2023 (USD Million)
  • Table 43 Germany Degaussing System Market, By End User, 2016-2023 (USD Million)
  • Table 44 Germany Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 45 France Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 46 France Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 47 France Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 48 Russia Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 49 Russia Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 50 Russia Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 51 Italy Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 52 Italy Degaussing System Market Size, By End User, 2016–2023 (USD Million)
  • Table 53 Italy Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 54 Spain Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 55 Spain Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 56 Spain Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 57 Rest of Europe Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 58 Rest of Europe Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 59 Rest of Europe Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 60 Asia Pacific Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 61 Asia Pacific Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 62 Asia Pacific Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 63 Asia Pacific Degaussing System Market, By Country, 2016-2023 (USD Million)
  • Table 64 China Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 65 China Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 66 China Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 67 India Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 68 India Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 69 India Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 70 Japan Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 71 Japan Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 72 Japan Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 73 South Korea Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 74 South Korea Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 75 South Korea Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 76 North Korea Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 77 North Korea Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 78 North Korea Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 79 Rest of Asia Pacific Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 80 Rest of Asia Pacific Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 81 Rest of Asia Pacific Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 82 RoW Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 83 RoW Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 84 RoW Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 85 RoW Degaussing System Market, By Region, 2016-2023 (USD Million)
  • Table 86 ME&A: Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 87 ME&A Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 88 ME&A Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 89 South America Degaussing System Market, By Solution, 2016–2023 (USD Million)
  • Table 90 South America Degaussing System Market, By End User, 2016–2023 (USD Million)
  • Table 91 South America Degaussing System Market, By Vessel Type, 2016–2023 (USD Million)
  • Table 92 Contracts, 2014-2018
  • Table 93 New Product Launches, 2014-2018


List of Figures
  • Figure 1 Research Process Flow
  • Figure 2 Degaussing System Market: Research Design
  • Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
  • Figure 4 Market Size Estimation Methodology: Top-Down Approach
  • Figure 5 Data Triangulation
  • Figure 6 Asia Pacific Estimated to Account for the Largest Share of the Degaussing System Market in 2018
  • Figure 7 Degaussing Solution Segment Projected to Lead the Degaussing System Market From 2018 to 2023
  • Figure 8 OEM End User Segment Projected to Grow at the Highest CAGR During the Forecast Period
  • Figure 9 Submarines Subsegment Projected to Lead the Degaussing System Market for Vessel Type During the Forecast Period
  • Figure 10 Increase in Defense Spending is Anticipated to Drive the Growth of the Degaussing System Market During the Forecast Period
  • Figure 11 The Degaussing Solution Segment Projected to Lead the Degaussing System Market During the Forecast Period
  • Figure 12 The Degaussing Control Units Segment Projected to Lead the Degaussing System Hardware Market During the Forecast Period
  • Figure 13 The OEM Segment Projected to Lead the Degaussing System Market During the Forecast Period
  • Figure 14 The Submarines Subsegment Projected to Lead the Degaussing System Market for Vessel Type During the Forecast Period
  • Figure 15 China Estimated to Account for the Largest Share of the Asia Pacific Degaussing System Market in 2018
  • Figure 16 The Degaussing System Market in North America Projected to Grow at the Highest CAGR During the Forecast Period
  • Figure 17 Market Dynamics for the Degaussing System Market
  • Figure 18 Defense Spending, By Country, 2017
  • Figure 19 Maritime War Exercise (2005-2018)
  • Figure 20 Technological Advancements in Degaussing Systems
  • Figure 21 Strategic Benchmarking
  • Figure 22 Medium Vessels Segment Expected to Lead the Degaussing System Market From 2018 to 2023
  • Figure 23 Submarines Segment Expected to Lead the Degaussing System Market From 2018 to 2023
  • Figure 24 Degaussing Solution Segment Estimated to Lead Degaussing System Market From 2018 to 2023
  • Figure 25 OEM Segment Expected to Lead the Degaussing System Market From 2018 to 2023
  • Figure 26 Degaussing System Market in North America is Projected to Grow at the Highest CAGR During the Forecast Period
  • Figure 27 North America Degaussing System Market Snapshot
  • Figure 28 Europe Degaussing System Market Snapshot
  • Figure 29 Asia Pacific Degaussing System Market Snapshot
  • Figure 30 Companies Adopted Contracts and New Product Launches as Key Growth Strategies Between 2014 and 2018
  • Figure 31 Ranking of Key Players in the Degaussing System Market in 2017
  • Figure 32 Regional Presence of Leading Companies in the Degaussing System Market
  • Figure 33 Larsen & Turbo Ltd.: Company Snapshot
  • Figure 34 Wartsila Corporation: Company Snapshot
  • Figure 35 Ultra Electronics Holdings PLC: Company Snapshot
  • Figure 36 ECA Group: Company Snapshot
  • Figure 37 American Superconductor Corporation: Company Snapshot
  • Figure 38 L3 Technologies: Company Snapshot

Executive Summary

Companies Mentioned

  • American Superconductor Corporation
  • Dayatech Merin Sdn. BHD.
  • ECA Group
  • Ifen S.P.A.
  • L3 Technologies
  • Larsen & Turbo Limited
  • Polyamp AB
  • STL Systems AG
  • Surma
  • Ultra Electronics Holdings PLC
  • Wartsila Corporation