Degaussing System Market by Solution, End User, Vessel Type, and Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--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.
The report segments the degaussing system market based on solution, end user, vessel type, and region. Based on vessel type, the degaussing system market has been segmented into small, medium and large. The small vessels segment has been classified into MCMV, OPV, and FAC, whereas the medium vessels segment has been classified into submarines, corvettes, and destroyers.
Asia Pacific is the largest market for degaussing system. 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.
The need to modernize naval fleets has contributed to the integration and development of degaussing systems in Asia Pacific countries, thereby driving the growth of the degaussing system market in this region. China, South Korea, and Japan are the key markets for degaussing systems in the Asia Pacific region.
Scope of the ReportBased on end user, the market has been segmented into OEM, services, and aftermarket. Based on solution, the degaussing system market has been segmented into ranging, degaussing, and deperming. The degaussing solution segment is projected to lead the degaussing system market during the forecast period. Based on offering, the ranging solution segment of the degaussing system market has been classified into onboard and fixed. The onboard subsegment of the ranging solution segment of the market has been classified into the following products, which include transmitted data buoys, coils, magnetometers, software, monitor, and aerial ranging devices. Based on offering, the degaussing solution segment of the market has been classified into products and services. The products subsegment of the degaussing solution segment of the market has been further classified into hardware (which includes degaussing coil units, degaussing control units, bipolar amplifiers, DC generators, conductors, course monitor units, magnetometers, compass compensating equipment) and software. The deperming solution segment of the degaussing system market includes services such as deperming of surface vessels and submarines to reduce their permanent magnetism.
Leading players in the degaussing system market include L&T (India), Polyamp (Sweden), ECA (France), Ultra Electronic (UK), Ifen SpA (Italy), Dayatech Merin (Malaysia), AMSC (US), STL System AG (Switzerland), Surma LTD. (Switzerland), and among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Degaussing System Market, By Vessel Type
8 Degaussing System Market, By Solution
9 Degaussing System Market, By End User
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
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
12.11 L3 Technologies
For more information about this report visit https://www.researchandmarkets.com/research/wgnv9z/degaussing_system?w=4
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Related Topics:Naval Vessels
INDUSTRY KEYWORD: TRANSPORT MARITIME DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/19/2018 11:46 AM/DISC: 11/19/2018 11:46 AM