Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Degaussing system Market to reach USD 1027.3 million by 2027.

Global Degaussing System Market by Solution (Degaussing, Ranging, Deperming), End User (OEM, Services, Aftermarket), Vessel Type (Small Vessels (200 M)), and Regional Forecasts 2021-2027

Product Code: SASAAD_26839020
Publish Date: 27-07-2020
Page: 200

Global Degaussing system Market is valued approximately at USD 784.9 million in 2020 and is anticipated to grow with a healthy growth rate of more than 3.92% over the forecast period 2021-2027. Unwanted magnetic fields contained in computers, hard discs, cassette and compact tapes, diskettes, or reels are reduced by a degaussing mechanism. The magnetic data on a hard disc or tape is either neutralized or erased when exposed to the strong magnetic field of a degausser. Furthermore, efficient mechanisms for controlling the magnetic signature of naval vessels are needed to defend against sea mines and torpedoes that can be activated by the magnetic signature of ships. The need for new degaussing systems aboard naval vessels is being driven by the need to remove a magnetic signature, which is being driven by an increasing naval vessel fleet around the world. Degaussing system market is driven by continuously rising defence budget and technologically embedded equipment. For instance, the government of philippines has set aside USD 2.46 billion for Horizon Two of the Philippines Modernization Program from 2018 to 2022. For the next five years, the government intends to purchase at least 25 boats. At the end of 2020, the navy will receive two frigates and six offshore patrol vessels (OPV) by 2022. However, use of Composite Materials in Warships, may impede market growth over the forecast period of 2021-2027.

The global demand for Degaussing system is projected to dominate by Asia Pacific due to increased procurement of advanced degaussing systems in this area is due to territorial disputes in the South China Sea. Increased defence spending on the upgrading of defence equipment to improve the defence of naval vessels has resulted from the polarization of military force between the East and West coasts of the Pacific Ocean and the Asia Pacific region. However, the North America is registered the fastest growth in upcoming years owing to restructuring efforts undertaken by naval vessel manufacturing companies and increasing investments in the defense sector.

Major market player included in this report are:

Wartsila Corporation
Polyamp AB
Ultra-Electronics Holdings PLC
ECA Group
Dayatech Merin Sdn. Bhd.
American Superconductor Corporation
STL Systems AG
Larsen & Turbo Limited
L3 Technologies

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution Type:

By End User:

By Vessel Type:
Small Vessels (200 M)
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Degaussing system Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Degaussing system Market , by Region, 2019-2027 (USD Billion)
1.2.2. Degaussing system Market, by Solution Type, 2019-2027 (USD Billion)
1.2.3. Degaussing system Market, by end user, 2019-2027 (USD Billion)
1.2.4. Degaussing system Market , by Vessel , 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Degaussing system Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Degaussing system Market Dynamics
3.1. Degaussing system Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing Defence budget Technologically embedded equipment
3.1.2. Market Restraint Use of Composite Materials in Warships
3.1.3. Market Opportunities Increase in Maritime Warfare Exercises
Chapter 4. Global Degaussing system Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Degaussing system Market , by Solution Type
5.1. Market Snapshot
5.2. Global Degaussing system Market by solution Type, Performance – Potential Analysis
5.3. Global Degaussing system Market Estimates & Forecasts by Solution type 2018-2027 (USD Billion)
5.4. Degaussing system Market , Sub Segment Analysis
5.4.1. Degaussing
5.4.2. Ranging
5.4.3. Deperming
Chapter 6. Global Degaussing system Market , by End User
a. Market Snapshot
6.1. Global Degaussing system Market by end user, Performance – Potential Analysis
6.2. Global Degaussing system Market Estimates & Forecasts by End User 2018-2027 (USD Billion)
6.3. Degaussing system Market , Sub Segment Analysis
6.3.1. OEMs
6.3.2. Aftermarket
6.3.3. Services
Chapter 7. Global Degaussing system Market , by Vessel Type
b. Market Snapshot
7.1. Global Degaussing system Market by vessel type, Performance – Potential Analysis
7.2. Global Degaussing system Market Estimates & Forecasts by Vessel Type 2018-2027 (USD Billion)
7.3. Degaussing system Market , Sub Segment Analysis
7.3.1. Small Vessels (200 M)
Chapter 8. Global Degaussing system Market , Regional Analysis
8.1. Degaussing system Market , Regional Market Snapshot
8.2. North America Degaussing system Market
8.2.1. U.S. Degaussing system Market Solution Type breakdown estimates & forecasts, 2018-2027 End user breakdown estimates & forecasts, 2018-2027 Vessel breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Degaussing system Market
8.3. Europe Degaussing system Market Snapshot
8.3.1. U.K. Degaussing system Market
8.3.2. Germany Degaussing system Market
8.3.3. France Degaussing system Market
8.3.4. Spain Degaussing system Market
8.3.5. Italy Degaussing system Market
8.3.6. Rest of Europe Degaussing system Market
8.4. Asia-Pacific Degaussing system Market Snapshot
8.4.1. China Degaussing system Market
8.4.2. India Degaussing system Market
8.4.3. Japan Degaussing system Market
8.4.4. Australia Degaussing system Market
8.4.5. South Korea Degaussing system Market
8.4.6. Rest of Asia Pacific Degaussing system Market
8.5. Latin America Degaussing system Market Snapshot
8.5.1. Brazil Degaussing system Market
8.5.2. Mexico Degaussing system Market
8.6. Rest of The World Degaussing System Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Wartsila Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Polyamp AB
9.2.3. Ultra-Electronics Holdings PLC
9.2.4. ECA Group
9.2.5. IFEN S.P.A.
9.2.6. Dayatech Merin Sdn. Bhd.
9.2.7. American Superconductor Corporation
9.2.8. STL Systems AG
9.2.9. Larsen & Turbo Limited
9.2.10. L3 Technologies
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now