Degaussing System Market Report: Trends, Forecast and Competitive Analysis to 2030

Degaussing System Trends and Forecast

The future of the global degaussing system market looks promising with opportunities in the OEM, service, and aftermarket markets. The global degaussing system market is expected to reach an estimated $720.6 million by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are increasing demand for state-of-the-art degaussing systems, growing attention to strengthening the defense of marine personnel and assets, and rising emphasis on naval modernization and demagnetization.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Degaussing System by Segment

The study includes a forecast for the global degaussing system by vessel type, solution, end use, and region.

Degaussing System Market by Vessel Type [Shipment Analysis by Value from 2018 to 2030]:

• Small Vessel
• Medium Vessel
• Large Vessel

Degaussing System Market by Solution [Shipment Analysis by Value from 2018 to 2030]:

• Degaussing
• Ranging
• Deperming

Degaussing System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Services
• Aftermarket

Degaussing System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Degaussing System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies degaussing system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the degaussing system companies profiled in this report include-

• Larsen & Toubro
• Polyamp
• STL System
• Dayatech Merin
• L3Harris Technologies
• Surma
• ECA
• American Superconductor
• Ultra Electronics Holdings
• IFEN

Degaussing System Market Insights

Lucintel forecasts that ranging is expected to witness the highest growth over the forecast period.

Within this market, OEM is expected to witness the highest growth over the forecast period.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Degaussing System Market

Market Size Estimates: Degaussing system market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Degaussing system market size by vessel type, solution, end use, and region in terms of value ($M).

Regional Analysis: Degaussing system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different vessel types, solutions, end uses, and regions for the degaussing system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the degaussing system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the degaussing system market size?

Answer: The global degaussing system market is expected to reach an estimated $720.6 million by 2030.

Q2. What is the growth forecast for degaussing system market?

Answer: The global degaussing system market is expected to grow with a CAGR of 3.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the degaussing system market?

Answer: The major drivers for this market are increasing demand for state-of-the-art degaussing systems, growing attention to strengthening the defense of marine personnel and assets, and rising emphasis on naval modernization and demagnetization.

Q4. What are the major segments for degaussing system market?

Answer: The future of the degaussing system market looks promising with opportunities in the OEM, service, and aftermarket markets.

Q5. Who are the key degaussing system market companies?

Answer: Some of the key degaussing system companies are as follows:

• Larsen & Toubro
• Polyamp
• STL System
• Dayatech Merin
• L3Harris Technologies
• Surma
• ECA
• American Superconductor
• Ultra Electronics Holdings
• IFEN

Q6. Which degaussing system market segment will be the largest in future?

Answer: Lucintel forecasts that ranging is expected to witness the highest growth over the forecast period.

Q7. In degaussing system market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the degaussing system market by vessel type (small vessel, medium vessel, and large vessel), solution (degaussing, ranging, and deperming), end use (OEM, services, and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?