PUBLISHER: Grand View Research | PRODUCT CODE: 1530625
PUBLISHER: Grand View Research | PRODUCT CODE: 1530625
Degaussing System Market Size & Trends
The global degaussing system market size was estimated at USD 985.3 million in 2023 and is expected to grow at a CAGR of 6.0% from 2024 to 2030. The key market drivers are the increasing need for naval fleet protection against modern threats such as magnetic mines and advanced torpedoes. As maritime security becomes more complex, navies worldwide are investing heavily in advanced degaussing systems to ensure their vessels remain undetectable to these threats.
The rising geopolitical tensions and maritime disputes in regions including the South China Sea and the Mediterranean are prompting nations to enhance their naval capabilities, further fueling the demand for degaussing systems. A significant market trend is the continuous technological advancements in degaussing systems. Modern systems are increasingly automated, featuring real-time monitoring and control units that enhance efficiency and reduce operational costs. The integration of advanced materials, such as superconducting materials and high-performance magnetic alloys, is also improving the effectiveness and reliability of degaussing systems.
Moreover, there is a growing trend towards modular and scalable degaussing solutions that can be easily integrated into different types of vessels, from small patrol boats to large aircraft carriers. This modularity allows for more flexible and cost-effective upgrades and maintenance. Another notable trend is the increasing collaboration between defense contractors and research institutions to develop next-generation degaussing technologies. These partnerships are leading to innovations that not only improve the performance of degaussing systems but also make them more environmentally friendly. For instance, energy-efficient systems that minimize power consumption and reduce electromagnetic interference are becoming more prevalent, aligning with global sustainability goals.
The market opportunities for degaussing systems are substantial, driven by the modernization and expansion of naval fleets across the world. Emerging economies, particularly in the Asia Pacific region, are investing heavily in naval infrastructure and defense capabilities, presenting significant opportunities for degaussing system providers. Additionally, the retrofitting of existing vessels with advanced degaussing systems offers a lucrative market segment, as navies seek to extend the operational life and enhance the capabilities of their current fleets.
Furthermore, the increasing adoption of unmanned and autonomous vessels in naval operations presents new opportunities for degaussing system manufacturers. These vessels require advanced degaussing solutions to ensure stealth and protection in various maritime environments. As the technology for unmanned vessels evolves, the demand for specialized degaussing systems tailored to these platforms is expected to grow.
Global Degaussing System Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global degaussing system market based on component, solution, vessel type, end use, and region.
OPV
MCMV/Minesweeper
FAC (Fast Attack Craft)
Submarines
Corvettes
Destroyers
Frigates
Aircraft Carriers
Amphibious Vessels
U.S.
Canada
Mexico
Germany
UK
France
China
India
Japan
Australia
South Korea
Brazil
UAE
Kingdom of Saudi Arabia
South Africa