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Global Degaussing System Market – 2019 Size, Share, Growth Analysis By Product Type, Material, and Leading Industry Players Report Forecast Till 2023

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Degaussing System Market Scenario:

Degaussing System Market: Information by Solution (Degaussing, Ranging, and Deperming), by Vessel Type (Small Vessel, Medium Vessel, and Large Vessel), by End User (OEM, Aftermarket, and Services) and by Region — Global Forecast till 2023

Degaussing Systems prevent generation of magnetic disturbances which assist in reducing the ship’s effect on earth’s magnetic field. Additionally, these systems provide precise current control, overheating protection and LED status indicators which enable users to experience enhanced efficiency and safety.

Factors such as growing demand degaussing systems in naval warfare and development of advanced degaussing systems are bolstering the market growth. Additionally, factors such as increasing military expenditure by developed economies is also bolstering the market growth. However, unavailability of skilled professionals and high costs associated with installation and calibration services are expected to hamper the market growth.

The global degaussing system market is estimated to register a CAGR of nearly 2.9% during the forecast period of 2018 to 2023.

Degaussing System Market Segmentation:

Based on solution, the degaussing segment accounted for the largest market share as they offer enhanced signature control, magnetic maps, and assist in fault managements. Based vessel type, medium vessels such as submarines, destroyers and corvettes accounted for the largest market share owing to increasing adoption of medium vessels by the navy of various countries. Based on end user, OEM accounted for the largest market share. Factors such as advanced degaussing systems with functionalities such as sensor measurements, automatic control, and LED status indicators among others provided by OEMs is driving the market growth.

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North America is estimated to account for the largest share during the review period. Presence of prominent players such as L3 Technologies, Inc., and American Superconductor among others is driving the market growth. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to factors such as increasing defense expenditure by developing economies such as China and India. Additionally, technological advancements and growing demand for advanced degaussing systems are driving the market growth over the forecast period.

Intended Audience:

  • Degaussing Systems Manufactures
  • Naval Ship Manufactures
  • Recreational Ship Manufacturers
  • Component Providers
  • Defense Organizations
  • Research Institutes
  • Regulatory Bodies

Degaussing System Market Key Players:

The key players in the global degaussing system market are L3 Technologies, Inc. (US), American Superconductor (US), Polyamp AB (Sweden), LARSEN & TOUBRO LIMITED (India), Wärtsilä (Finland), Ultra Electronics (UK), Groupe Gorgé (France), IFEN SpA (Spain), STL Systems AG (Switzerland) and Surma Ltd (Finland).

Research Methodology

The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.

Secondary Research

In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.

Primary Research

In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.

Report Key Insights

  • Market Sizing, Forecast and Analysis: Detailed coverage on market segment and its sub segments
  • Regional / Country Trend and Forecast: Detailed analysis on North America, Asia Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
  • Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain & value chain analysis
  • Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
  • Regional attractiveness and related growth opportunities

Report Customization

MRFR offers report customization to our valued customers. Below are the options available for customization:

Company Profiles

In-depth profiling of additional market players (3 to 4 companies)

Country Level Analysis

Detailed analysis of a country and its related segment as per the report scope (subject to data availability)

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Table Of Contents:

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Takeaways

2.5. Key Buying Criteria

3. Research Methodology

Continue……….

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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