Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Degaussing System Market by Solution, End User, Vessel Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 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
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