Product Code: PM3133
The global degaussing system market size is expected to reach USD 836.95 million by 2032, according to a new study by Polaris Market Research. The report "Degaussing System Market Share, Size, Trends, Industry Analysis Report, By Vessel Type (Small Vessel, Medium Vessel and Large Vessel); By Solution; By End User; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
International boundary disputes and security are increasing the expense of naval defense. Developing countries are spending more money on naval defense. The Indian government boosted its spending for defense research and development (R&D) by 17.57 percent from 2021 to 2022. Each of the three categories: businesses, startups, and academic institutions receives 25% of the R&D budget. This funding, which aims to promote innovation and localization, is also a positive thing. This will lead to a rise in demand for Degaussing solutions because of security issues.
During the forecast period, there is expected to be a rise in the use of degaussing devices for technological research on high-temperature superconducting materials, multi-influence range, and onboard aerial ranging. In the upcoming years, the global degaussing system market is likely to present enormous opportunities for players due to the growing demand for degaussing systems in maritime exercises like assessing naval tactics, computer-based networked war simulation, and validating tactical mathematical models.
The global market is expected to grow in coming years owing to the increasing use of degaussing systems in naval warfare due to their logistical and technical support, including magnetic ranging, magnetic signature management, integration assistance, demagnetization treatment and system calibration, and integrated logistics. The global degaussing system market is anticipated to grow as degaussing systems are being installed in new and existing warships to minimize or eliminate the magnetic field of the vessels.
Additionally, the market for degaussing systems is positively impacted by the growth of the defense industry, the fleet of naval vessels, and the increase in military spending. Also, the degaussing system's introduction of advanced technologies has given market participants additional lucrative opportunities. Increased government spending on military and defense, increased importance of degaussing systems in naval combat, and increased R&D for new technology are anticipated to propel market expansion.
Degaussing Market Report Highlights
- Medium Vessel segment is anticipated to grow at a higher growth rate owing to the increasing prevalence of secure and cost-effective solution for the disposal of electronic equipment
- Degaussing solutions is projected to have a higher growth due to the increasing security concerns among the people, increasing awareness, increasing awareness for data recovery and data privacy,
- The OEM segment is projected to witness significant growth owing to the increasing demand for ships around the world.
- The global players include Wartsila, Larsen & Turbo Limited, Ultra Electronics Holdings plc, L3Harris Technologies, and American Superconductor Corporation.
Polaris Market Research has segmented the degaussing system market report based on vessel type, solution, end user and region:
Degaussing System, Vessel Type Outlook (Revenue - USD Million, 2019 - 2032)
- Small Vessels
- OPV
- MCMV/Minesweeper
- FAC (Fast Attack Craft)
- Medium Vessels
- Submarines
- Corvettes
- Destroyers
- Large Vessels
- Frigates
- Aircraft Carriers
- Amphibious Vessels
Degaussing System, Solution Outlook (Revenue - USD Million, 2019 - 2032)
- Ranging
- Fixed
- Onboard
- Transmitted Data Buoys
- Magnetometers
- Monitors
- Software
- Coils
- Aerial Ranging Devices
- Degaussing
- Products
- Hardware
- Degaussing Coil Units
- Magnetometers
- Degaussing Control Units
- Bipolar Amplifiers
- DG Generators
- Conductors
- Course Monitor Units
- Compass Compensating Equipment
- Software
- Services
- Deperming
Degaussing System, End User Outlook (Revenue - USD Million, 2019 - 2032)
- OEM
- After Market
- Services
Degaussing System, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Degaussing System Market Insights
- 4.1. Degaussing System Market - End User Snapshot
- 4.2. Degaussing System Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing importance of the system in naval warfare
- 4.2.1.2. Technological advancement
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Degaussing System Market End User Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Degaussing System Market, by Vessel Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 5.3. Small Vessel
- 5.3.1. Global Degaussing System Market, by Small Vessel, by Region, 2019-2032 (USD Million)
- 5.4. Medium Vessel
- 5.4.1. Global Degaussing System Market, by Medium Vessel, by Region, 2019-2032 (USD Million)
- 5.5. Large Vessel
- 5.5.1. Global Degaussing System Market, by Large Vessel, by Region, 2019-2032 (USD Million)
6. Global Degaussing System Market, by Solution
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 6.3. Ranging
- 6.3.1. Global Degaussing System Market, by Ranging, by Region, 2019-2032 (USD Million)
- 6.4. Degaussing
- 6.4.1. Global Degaussing System Market, by Degaussing, by Region, 2019-2032 (USD Million)
- 6.5. Deperming
- 6.5.1. Global Degaussing System Market, by Deperming, by Region, 2019-2032 (USD Million)
7. Global Degaussing System Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Degaussing System Market, by End User, 2019-2032 (USD Million)
- 7.3. OEM
- 7.3.1. Global Degaussing System Market, by OEM, By Region, 2019-2032 (USD Million)
- 7.4. After Market
- 7.4.1. Global Degaussing System Market, by After Market, By Region, 2019-2032 (USD Million)
- 7.5. Services
- 7.5.1. Global Degaussing System Market, by Services, By Region, 2019-2032 (USD Million)
8. Global Degaussing System Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Degaussing System Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Degaussing System Market - North America
- 8.3.1. North America: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.3.2. North America: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.3.3. North America: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.3.4. Degaussing System Market - U.S.
- 8.3.4.1. U.S.: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.3.5. Degaussing System Market - Canada
- 8.3.5.1. Canada: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4. Degaussing System Market - Europe
- 8.4.1. Europe: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.3. Europe: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.4. Degaussing System Market - UK
- 8.4.4.1. UK: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.4.3. UK: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.5. Degaussing System Market - France
- 8.4.5.1. France: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.5.3. France: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.6. Degaussing System Market - Germany
- 8.4.6.1. Germany: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.7. Degaussing System Market - Italy
- 8.4.7.1. Italy: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.8. Degaussing System Market - Spain
- 8.4.8.1. Spain: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.9. Degaussing System Market - Netherlands
- 8.4.9.1. Netherlands: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.4.10. Degaussing System Market - Russia
- 8.4.10.1. Russia: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5. Degaussing System Market - Asia Pacific
- 8.5.1. Asia Pacific: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.4. Degaussing System Market - China
- 8.5.4.1. China: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.4.3. China: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.5. Degaussing System Market - India
- 8.5.5.1. India: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.5.3. India: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.6. Degaussing System Market - Malaysia
- 8.5.6.1. Malaysia: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.7. Degaussing System Market - Japan
- 8.5.7.1. Japan: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.8. Degaussing System Market - Indonesia
- 8.5.8.1. Indonesia: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.5.9. Degaussing System Market - South Korea
- 8.5.9.1. South Korea: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.6. Degaussing System Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.6.4. Degaussing System Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.6.5. Degaussing System Market - UAE
- 8.6.5.1. UAE: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.6.6. Degaussing System Market - Israel
- 8.6.6.1. Israel: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.6.7. Degaussing System Market - South Africa
- 8.6.7.1. South Africa: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.7. Degaussing System Market - Latin America
- 8.7.1. Latin America: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.7.3. Latin America: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.7.4. Degaussing System Market - Mexico
- 8.7.4.1. Mexico: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.7.5. Degaussing System Market - Brazil
- 8.7.5.1. Brazil: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Degaussing System Market, by Solution, 2019-2032 (USD Million)
- 8.7.6. Degaussing System Market - Argentina
- 8.7.6.1. Argentina: Degaussing System Market, by Vessel Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Degaussing System Market, by End User, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Degaussing System Market, by Solution, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Wartsila
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Larsen & Turbo Limited
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Ultra Electronics Holdings
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. L3Harris Technologies
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. American Superconductor Corp
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development