Attractive Growth Opportunities for Players in Degaussing System Market
The degaussing systems market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027. Rising technological advancement in degaussing system is expected to drive the market growth during the forecast period.
The application of degaussing systems started during World War II to protect naval vessels from magnetic mines and torpedoes. Degaussing equipment has since been used to retreat the magnetic signatures of vessels to make them invisible to mines.
These systems comprise coil loops installed onboard a vessel; when energized with proper currents, these loops generate magnetic fields in a direction (longitude, vertical, and athwartship) opposite to the magnetic fields of the vessel to minimize effective magnetic signature. Degaussing systems reduce a naval ship’s magnetic signature, making it difficult for mines to detect and damage the ship. Traditionally made of heavy copper wire, these systems are required for all naval combat ships.
High temperature superconductor (HTS) degaussing systems are lightweight and compact in design. HTS degaussing coils are estimated to enable a 50-80% reduction in the total weight of degaussing systems, offering significant potential for fuel savings or adding different payloads. Installation and calibration services are expensive for copper coils compared to HTS coils. In HTS degaussing systems, the number of coil turns is reduced by 20% than copper coils. Additionally, copper coils consume more power than HTS degaussing coils.
American Superconductor Corporation (US), Larsen & Turbo Limited (India), and ECA Group (France) are a few of the key manufacturers of HTS coils. In May 2019, American Superconductor Corporation, a global energy solutions provider serving wind and power grid industry leaders, received a contract from the Ingalls Shipbuilding division of Huntington Ingalls Industries (HII) (US) to deliver an HTS-based ship protection system for installation on the San Antonio class of amphibious transport dock ship, LPD 30. Technological advances in degaussing equipment will likely increase their future demand.
Based on solution, the ranging solution is anticipated to grow at the highest CAGR during the forecast period
Based on solution, the degaussing systems market has been segmented into ranging, degaussing and determining. The ranging segment is projected to grow at the highest CAGR during the forecast period. The ranging solution further segmented into onboard and fixed. Fixed ranging degaussing solutions make use of submerged magnetic probes and evaluation equipment to measure the magnetic interference field of naval vessels at specific water depths. These solutions are used to degauss naval vessels in the overrun range and stationery range. An overrun range is used for ranging of ferromagnetic vessels and submarines. Fixed ranging degaussing solutions help in the separation of the permanent magnetization of naval vessels from the induced magnetization. These solutions also help determine the magnetic range of naval vessels. A stationary range is mainly used for ranging of non-magnetic vessels, such as mine countermeasure vessels.
The Asia Pacific region dominated the market with largest share in 2022
The degaussing systems market in Asia Pacific registered the largest share in 2022. China, India, Japan, South Korea, and North Korea are considered for market analysis in the Asia Pacific region. Among these countries, the defense budget of China is the second-highest in the world, preceded by the US. China is increasing its defense spending for the modernization of its navy and warfare capabilities to uphold territorial integrity and national security. This, in turn, is expected to contribute to the increased production and procurement of advanced naval equipment, thereby driving the demand for degaussing systems in China. Moreover, the presence of key shipbuilding companies, such as the China Shipbuilding Industry, Jiangnan Shipyard, Dalian Shipbuilding Industry, and COMEC, has supported to boost degaussing system market growth in China.
Major players in the degaussing systems market are Wartsila (Finland), Ultra Electronics Holdings plc (UK), L3Harris Technologies, Inc. (US), Larsen & Turbo Limited (India), and American Superconductor Corporation (US). These companies adopted strategies including contracts, acquisitions, agreements, expansions, investments, and new product launches adopted by leading market players to sustain their position in the market. Also focusing on expanding distribution networks in North America, Europe, Asia Pacific and Rest of the World in turn driving the demand for degaussing system
Research Coverage
This research report categorizes the degaussing systems market into vessel type, solution, end user, and region. based on vessel type the market is divided into small vessel, medium vessel, and large vessel. Based on solution, the market is classified into ranging, degaussing, and deperming. On the basis of end user, the market is divided into OEM, aftermarket, and services. The degaussing systems market has been studied for North America, Europe, Asia Pacific, and Rest of the World based on geographics.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the degaussing systems market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the degaussing systems market. Competitive analysis of upcoming startups in the degaussing systems market ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall degaussing systems market and its segments. This study is also expected to provide region-wise information about the end-use industrial sectors, wherein degaussing systems is used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on degaussing systems offered by the top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the degaussing systems market
- Market Development: Comprehensive information about lucrative markets - the report analyzes the degaussing systems market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the degaussing systems market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the degaussing systems market
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Degaussing System Market Segmentation
1.3.2 Years Considered
1.3.3 Regional Scope
1.4 Inclusions and Exclusions
Table 1 Degaussing System Market: Inclusions and Exclusions
1.5 Currency Considered
Table 2 USD Exchange Rates
1.6 Stakeholders
1.7 Limitations
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Research Process Flow
Figure 3 Degaussing System Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Primary Sources
2.1.2.3 Breakdown of Primaries
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.2 Recession Impact Analysis
2.2.1 Demand-Side Indicators
Figure 5 Naval Defense Budget by US
Figure 6 Breakdown of US Naval Defense Budget
2.2.2 Supply-Side Indicators
2.3 Market Size Estimation
2.4 Research Approach and Methodology
2.4.1 Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
2.5 Market Breakdown and Data Triangulation
Figure 9 Data Triangulation
2.6 Growth Rate Assumptions
2.7 Research Assumptions
Figure 10 Research Assumptions for Degaussing System Market
2.7.1 Market Size and Forecast
3 Executive Summary
Figure 11 Submarines Segment to Account for Largest Market Share During Forecast Period
Figure 12 Onboard Segment to Have Larger Market Share Than Fixed Segment
Figure 13 Degaussing Coil Units Segment to Dominate Market During Forecast Period
Figure 14 Asia-Pacific to Command Major Market Share from 2022 to 2027
4 Premium Insights
4.1 Attractive Growth Opportunities for Players in Degaussing System Market
4.2 Degaussing System Market, by Vessel Type
Figure 16 Submarines Segment to Lead Market During Forecast Period
4.3 Degaussing System Market, by Degaussing Solution
Figure 17 Products Segment to Have Higher CAGR During Forecast Period
4.4 Degaussing System Market, by End-user
Figure 18 Oem Segment to Dominate Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Degaussing System Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Importance of Degaussing Systems in Naval Warfare
5.2.1.2 Technological Advancements in Degaussing Equipment to Protect Naval Vessels
5.2.1.3 Increasing Defense Budget to Procure Advanced Warships
Figure 20 Defense Spending of Key Countries
5.2.2 Restraints
5.2.2.1 Use of Composite Material in Warships to Restrain Market Growth
5.2.3 Opportunities
5.2.3.1 Increase in Maritime Warfare Exercises to Protect Naval Vessels from Sea Mines
5.2.4 Challenges
5.2.4.1 High Cost of Retrofit, Installation, and Calibration Services to Affect Market Growth
5.2.4.2 Lack of Skilled Professionals to Pose Challenges for End-users
5.2.4.3 Limited Number of Ranging and Deperming Stations to Affect Deperming Services
5.3 Trends/Disruptions Impacting Customer Business
Figure 21 Revenue Shift in Degaussing System Market
5.4 Degaussing System Market Ecosystem
Figure 22 Ecosystem Map: Degaussing System Market
5.4.1 Prominent Companies
5.4.2 Private and Small Enterprises
5.4.3 End-users
Table 3 Degaussing System Market Ecosystem
5.5 Value Chain Analysis
Figure 23 Value Chain Analysis: Degaussing System Market
5.6 Porter's Five Forces Analysis
Table 4 Impact of Porter's Five Forces on Degaussing System Market
Figure 24 Degaussing System Market: Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Tariff and Regulatory Landscape
Table 5 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Asia-Pacific: Regulatory Bodies, Government Agencies, and Others
Table 8 Middle East: Regulatory Bodies, Government Agencies, and Others
Table 9 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.8 Key Stakeholders and Buying Criteria
5.8.1 Key Stakeholders in Buying Process
Figure 25 Influence of Stakeholders on Buying Degaussing Systems, by End-user
Table 10 Key Stakeholders Involved in Buying Degaussing Systems, by End-user (%)
5.8.2 Buying Criteria
Figure 26 Key Buying Criteria for Degaussing Systems, by End-user
Table 11 Influence of Key Buying Criteria on Degaussing Systems, by End-user
5.9 Use Cases
5.9.1 Magnetic Stealth Degaussing System
5.10 Recession Impact on Degaussing System Market
Figure 27 Recession Impact Analysis of Degaussing System Market
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
Figure 28 Technological Advancements in Degaussing Systems
6.4.1 Copper Coils
6.4.2 Hts Material
6.4.3 Onboard Aerial Ranging Device
6.4.4 Multi-Influence Ranging System
6.5 Strategic Benchmarking
Figure 29 Strategic Benchmarking
6.6 Innovations and Patent Registrations
Table 12 Innovations and Patent Registrations, 2019-2022
6.7 Key Conferences and Events, 2023
Table 13 Degaussing System Market: Conferences and Events
7 Degaussing System Market, by Vessel Type
7.1 Introduction
Figure 30 Medium Vessels Segment to Dominate Degaussing System Market from 2022 to 2027
Table 14 Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 15 Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
7.2 Small Vessels
7.2.1 Growing Adoption of Opvs for Strengthening Naval Security to Drive Market
Table 16 Small Vessels: Degaussing System Market, by Type, 2019-2021 (USD Million)
Table 17 Small Vessels: Degaussing System Market, by Type, 2022-2027 (USD Million)
7.2.2 Mcmv
7.2.3 Opv
7.2.4 Fac
7.3 Medium Vessels
7.3.1 Rising Maritime Border Disputes to Drive Demand for Modern Warships
Table 18 Medium Vessels: Degaussing System Market, by Type, 2019-2021 (USD Million)
Table 19 Medium Vessels: Degaussing System Market, by Type, 2022-2027 (USD Million)
7.3.2 Submarines
7.3.3 Destroyers
7.3.4 Corvettes
7.4 Large Vessels
7.4.1 Rising Investments in Large Warships to Strengthen Naval Forces
Table 20 Large Vessels: Degaussing System Market, by Type, 2019-2021 (USD Million)
Table 21 Large Vessels: Degaussing System Market, by Type, 2022-2027 (USD Million)
7.4.2 Frigates
7.4.3 Aircraft Carriers
7.4.4 Amphibious Vessels
8 Degaussing System Market, by Solution
8.1 Introduction
Figure 31 Degaussing Segment Estimated to Dominate Market in 2022
Table 22 Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 23 Degaussing System Market, by Solution, 2022-2027 (USD Million)
8.2 Degaussing
8.2.1 Rising Integration of Degaussing Systems in Advanced Warships to Drive Segment
Table 24 Degaussing Solution: Degaussing System Market, by Offering, 2019-2021 (USD Million)
Table 25 Degaussing Solution: Degaussing System Market, by Offering, 2022-2027 (USD Million)
8.2.2 Products
Table 26 Degaussing Offering: Degaussing System Market, by Product, 2019-2021 (USD Million)
Table 27 Degaussing Offering: Degaussing System Market, by Product, 2022-2027 (USD Million)
8.2.2.1 Hardware
Table 28 Degaussing Product: Degaussing System Market, by Hardware, 2019-2021 (USD Million)
Table 29 Degaussing Product: Degaussing System Market, by Hardware, 2022-2027 (USD Million)
8.2.2.1.1 Degaussing Coil Units
8.2.2.1.2 Magnetometers
8.2.2.1.3 Degaussing Control Units
8.2.2.1.4 Bipolar Amplifiers
8.2.2.1.5 Dc Generators
8.2.2.1.6 Conductors
8.2.2.1.7 Course Monitor Units
8.2.2.1.8 Compass Compensating Equipment
8.2.2.2 Software
8.2.3 Services
8.3 Ranging
8.3.1 Rising Demand for Advanced Onboard-Ranging Solutions to Boost Segment Growth
Table 30 Ranging: Degaussing System Market, by Offering, 2019-2021 (USD Million)
Table 31 Ranging: Degaussing System Market, by Offering, 2022-2027 (USD Million)
8.3.2 Fixed
8.3.3 Onboard
Table 32 Ranging Onboard: Degaussing System Market, by Product, 2019-2021 (USD Million)
Table 33 Ranging Onboard: Degaussing System Market, by Product, 2022-2027 (USD Million)
8.3.3.1 Transmitted Data Buoys
8.3.3.2 Magnetometers
8.3.3.3 Monitors
8.3.3.4 Software
8.3.3.5 Coils
8.3.3.6 Aerial Ranging Devices
8.4 Deperming
8.4.1 Demand for Improved Safety of Ships During Operations to Drive Segment
9 Degaussing System Market, by End-user
9.1 Introduction
Figure 32 Oem Segment to Lead Degaussing System Market from 2022 to 2027
9.2 Oem
9.2.1 Rising Investment in Developing Defense Ships to Drive Segment
9.3 Aftermarket
9.3.1 Rising Focus on Modernizing Naval Warfare Systems to Drive Segment
9.4 Services
9.4.1 Maintenance Requirement for Degaussing System Products to Drive Segment
10 Degaussing System Market, by Region
10.1 Introduction
Figure 33 Degaussing System Market in North America to Register Highest CAGR During Forecast Period
10.1.1 Regional Recession Impact Analysis
Figure 34 Naval Budget Trend, by Region, 2019-2022
Figure 35 Recession Impact Analysis, by Region
Table 34 Degaussing System Market, by Region, 2019-2021 (USD Million)
Table 35 Degaussing System Market, by Region, 2022-2027 (USD Million)
10.2 North America
10.2.1 PESTLE Analysis: North America
Figure 36 North America: Degaussing System Market Snapshot
Table 36 North America: Degaussing System Market, by Country, 2019-2021 (USD Million)
Table 37 North America: Degaussing System Market, by Country, 2022-2027 (USD Million)
Table 38 North America: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 39 North America: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 40 North America: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 41 North America: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 42 North America: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 43 North America: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 44 North America: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 45 North America: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.2.2 US
10.2.2.1 Increasing Naval Budget to Fuel Demand for Degaussing Systems
Table 46 Us: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 47 Us: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 48 Us: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 49 Us: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 50 Us: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 51 Us: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 52 Us: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 53 Us: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.2.3 Canada
10.2.3.1 Increasing Focus on Naval Vessel Development to Drive Demand for Degaussing Systems
Table 54 Canada: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 55 Canada: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 56 Canada: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 57 Canada: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 58 Canada: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 59 Canada: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 60 Canada: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 61 Canada: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3 Europe
10.3.1 PESTLE Analysis: Europe
Figure 37 Europe: Degaussing System Market Snapshot
Table 62 Europe: Degaussing System Market, by Country, 2019-2021 (USD Million)
Table 63 Europe: Degaussing System Market, by Country, 2022-2027 (USD Million)
Table 64 Europe: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 65 Europe: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 66 Europe: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 67 Europe: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 68 Europe: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 69 Europe: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 70 Europe: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 71 Europe: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.2 UK
10.3.2.1 Defense Shipbuilding Industry to Boost Degaussing System Needs
Table 72 Uk: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 73 Uk: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 74 Uk: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 75 Uk: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 76 Uk: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 77 Uk: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 78 Uk: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 79 Uk: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.3 Germany
10.3.3.1 Government Reforms to Strengthen Technology Adoption to Drive Market
Table 80 Germany: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 81 Germany: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 82 Germany: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 83 Germany: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 84 Germany: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 85 Germany: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 86 Germany: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 87 Germany: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.4 France
10.3.4.1 Rising Focus on Strengthening Naval Capabilities to Propel Degaussing System Adoption
Table 88 France: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 89 France: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 90 France: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 91 France: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 92 France: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 93 France: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 94 France: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 95 France: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.5 Russia
10.3.5.1 Rising Investment in Defense Technologies to Boost Degaussing System Demand
Table 96 Russia: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 97 Russia: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 98 Russia: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 99 Russia: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 100 Russia: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 101 Russia: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 102 Russia: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 103 Russia: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.6 Italy
10.3.6.1 Focus on Expanding Domestic Maritime Industry to Increase Investment in Maritime Technologies
Table 104 Italy: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 105 Italy: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 106 Italy: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 107 Italy: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 108 Italy: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 109 Italy: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 110 Italy: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 111 Italy: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.7 Spain
10.3.7.1 Increasing Defense Budget to Drive Market
Table 112 Spain: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 113 Spain: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 114 Spain: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 115 Spain: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 116 Spain: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 117 Spain: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 118 Spain: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 119 Spain: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.3.8 Rest of Europe
Table 120 Rest of Europe: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 121 Rest of Europe: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 122 Rest of Europe: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 123 Rest of Europe: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 124 Rest of Europe: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 125 Rest of Europe: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 126 Rest of Europe: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 127 Rest of Europe: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4 Asia-Pacific
10.4.1 PESTLE Analysis: Asia-Pacific
Figure 38 Asia-Pacific: Degaussing System Market Snapshot
Table 128 Asia-Pacific: Degaussing System Market, by Country, 2019-2021 (USD Million)
Table 129 Asia-Pacific: Degaussing System Market, by Country, 2022-2027 (USD Million)
Table 130 Asia-Pacific: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 131 Asia-Pacific: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 132 Asia-Pacific: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 133 Asia-Pacific: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 134 Asia-Pacific: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 135 Asia-Pacific: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 136 Asia-Pacific: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 137 Asia-Pacific: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.2 China
10.4.2.1 Extensive Investment in Production and Modernization of Warships to Strengthen Naval Force
Table 138 China: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 139 China: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 140 China: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 141 China: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 142 China: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 143 China: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 144 China: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 145 China: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.3 India
10.4.3.1 Increasing Defense Shipbuilding Activities to Boost Degaussing System Demand
Table 146 India: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 147 India: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 148 India: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 149 India: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 150 India: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 151 India: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 152 India: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 153 India: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.4 Japan
10.4.4.1 Innovation of Naval Technologies to Fuel Demand for Degaussing Systems
Table 154 Japan: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 155 Japan: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 156 Japan: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 157 Japan: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 158 Japan: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 159 Japan: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 160 Japan: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 161 Japan: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.5 South Korea
10.4.5.1 Increasing Shipbuilding Activities to Drive Demand for Advanced Vessel Systems
Table 162 South Korea: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 163 South Korea: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 164 South Korea: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 165 South Korea: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 166 South Korea: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 167 South Korea: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 168 South Korea: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 169 South Korea: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.6 North Korea
10.4.6.1 Development and Modernization of Advanced Submarines to Drive Market Growth
Table 170 North Korea: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 171 North Korea: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 172 North Korea: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 173 North Korea: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 174 North Korea: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 175 North Korea: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 176 North Korea: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 177 North Korea: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.4.7 Rest of Asia-Pacific
Table 178 Rest of Asia-Pacific: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 179 Rest of Asia-Pacific: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 180 Rest of Asia-Pacific: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 181 Rest of Asia-Pacific: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 182 Rest of Asia-Pacific: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 183 Rest of Asia-Pacific: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 184 Rest of Asia-Pacific: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 185 Rest of Asia-Pacific: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.5 Rest of the World
10.5.1 PESTLE Analysis: Rest of the World
Table 186 Rest of the World: Degaussing System Market, by Region, 2019-2021 (USD Million)
Table 187 Rest of the World: Degaussing System Market, by Region, 2022-2027 (USD Million)
Table 188 Rest of the World: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 189 Rest of the World: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 190 Rest of the World: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 191 Rest of the World: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 192 Rest of the World: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 193 Rest of the World: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 194 Rest of the World: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 195 Rest of the World: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.5.2 Middle East & Africa
10.5.2.1 Rising Modernization of Existing Fleet to Integrate Modern Warfare Solutions to Drive Growth
Table 196 Middle East & Africa: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 197 Middle East & Africa: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 198 Middle East & Africa: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 199 Middle East & Africa: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 200 Middle East & Africa: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 201 Middle East & Africa: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 202 Middle East & Africa: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 203 Middle East & Africa: Degaussing System Market, by End-user, 2022-2027 (USD Million)
10.5.3 South America
10.5.3.1 Modernization of Old Fleets to Strengthen Naval Capabilities to Drive Market
Table 204 South America: Degaussing System Market, by Solution, 2019-2021 (USD Million)
Table 205 South America: Degaussing System Market, by Solution, 2022-2027 (USD Million)
Table 206 South America: Degaussing System Market, by Vessel Type, 2019-2021 (USD Million)
Table 207 South America: Degaussing System Market, by Vessel Type, 2022-2027 (USD Million)
Table 208 South America: Degaussing System Market, by Sub-Vessel Type, 2019-2021 (USD Million)
Table 209 South America: Degaussing System Market, by Sub-Vessel Type, 2022-2027 (USD Million)
Table 210 South America: Degaussing System Market, by End-user, 2019-2021 (USD Million)
Table 211 South America: Degaussing System Market, by End-user, 2022-2027 (USD Million)
11 Competitive Landscape
11.1 Introduction
11.2 Company Overview
Table 212 Key Developments of Leading Players in Degaussing System Market (2019-2021)
11.3 Ranking Analysis of Key Players in Degaussing System Market, 2021
Figure 39 Ranking of Key Players in Degaussing System Market, 2021
11.4 Revenue Analysis, 2021
Figure 40 Revenue Analysis for Key Companies in Degaussing System Market, 2021
11.5 Market Share Analysis, 2021
Figure 41 Market Share Analysis for Key Companies in Degaussing System Market, 2021
Table 213 Degaussing System Market: Degree of Competition
11.6 Competitive Evaluation Quadrant
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Companies
11.6.4 Participants
Figure 42 Competitive Leadership Mapping, 2021
11.7 Competitive Benchmarking
Table 214 Degaussing System Market: Detailed List of Key Startups/Smes
Table 215 Degaussing System Market: Competitive Benchmarking of Key Players (Startups/Smes)
11.8 Competitive Scenario
11.8.1 Market Evaluation Framework
11.8.2 Product Launches and Developments
Table 216 New Product Launches, 2017-2020
11.8.3 Deals
Table 217 Deals, 2019-2022
11.8.4 Others
Table 218 Others, 2019-2022
12 Company Profiles
12.1 Introduction
(Business Overview Products/Services/Solutions Offered, Recent Developments & Analyst's View)*
12.2 Key Players
12.2.1 Larsen & Toubro Limited
Table 219 Larsen & Toubro Limited: Business Overview
Figure 43 Larsen & Toubro Limited: Company Snapshot
Table 220 Larsen & Toubro Limited: Products/Solutions/Services Offered
Table 221 Larsen & Toubro Limited: Product Launch
Table 222 Larsen & Toubro Limited: Deals
12.2.2 Polyamp Ab
Table 223 Polyamp Ab: Business Overview
Table 224 Polyamp Ab: Products/Solutions/Services Offered
12.2.3 Wartsila
Table 225 Wartsila: Business Overview
Figure 44 Wartsila: Company Snapshot
Table 226 Wartsila: Products/Solutions/Services Offered
Table 227 Wartsila: Deals
12.2.4 Ultra Electronics Holdings plc
Table 228 Ultra Electronics Holdings plc: Business Overview
Figure 45 Ultra Electronics Holdings plc: Company Snapshot
Table 229 Ultra Electronics Holdings plc: Products/Solutions/Services Offered
Table 230 Ultra Electronics Holdings plc: Deals
12.2.5 Eca Group
Table 231 Eca Group: Business Overview
Figure 46 Eca Group: Company Snapshot
Table 232 Eca Group: Products/Solutions/Services Offered
Table 233 Eca Group: Deals
Table 234 Eca Group: Others
12.2.6 Ifen S.P.A.
Table 235 Ifen S.P.A.: Business Overview
Table 236 Ifen S.P.A.: Products/Solutions/Services Offered
12.2.7 Dayatech Merin Sdn. Bhd.
Table 237 Dayatech Merin Sdn. Bhd.: Business Overview
Table 238 Dayatech Merin Sdn. Bhd.: Products/Solutions/Services Offered
12.2.8 American Superconductor Corporation
Table 239 American Superconductor Corporation: Business Overview
Figure 47 American Superconductor Corporation: Company Snapshot
Table 240 American Superconductor Corporation: Products/Solutions/Services Offered
Table 241 American Superconductor Corporation: Deals
12.2.9 Stl Systems Ag
Table 242 Stl Systems Ag: Business Overview
Table 243 Stl Systems Ag: Products/Solutions/Services Offered
Table 244 Stl Systems Ag: Product Launches
12.2.10 Da-Group
Table 245 Da-Group: Business Overview
Table 246 Da-Group: Products/Solutions/Services Offered
Table 247 Da-Group: Other
12.2.11 L3Harris Technologies, Inc.
Table 248 L3Harris Technologies, Inc.: Business Overview
Figure 48 L3Harris Technologies, Inc.: Company Snapshot
Table 249 L3Harris Technologies, Inc.: Products/Solutions/Services Offered
Table 250 L3Harris Technologies, Inc.: Deals
Table 251 L3Harris Technologies, Inc.: Others
*Details on Business Overview Products/Services/Solutions Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options
13.4 Related Reports
13.5 Author Details
Executive Summary
Companies Mentioned
- American Superconductor Corporation
- DA-Group
- Dayatech Merin Sdn. Bhd.
- Eca Group
- Ifen S.P.A.
- L3Harris Technologies, Inc.
- Larsen & Toubro Limited
- Polyamp Ab
- STL Systems Ag
- Ultra Electronics Holdings plc
- Wartsila
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 199 |
| Published | January 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 619 million |
| Forecasted Market Value ( USD | $ 740 million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
