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Degaussing System Market Forecasted to Reach USD 2 Billion by 2030, Growing at a 4% CAGR

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The global Degaussing System Market is poised for substantial growth driven by increasing naval modernization programs, advancements in maritime defense technologies, and the rising need for effective demagnetization solutions. According to a report by NMSC, the market is anticipated to exceed $2 billion by 2030, growing at a steady compound annual growth rate (CAGR) of 4%.

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Key Highlights:

  • Market Growth: The global degaussing system market is witnessing significant expansion due to the critical role of degaussing in reducing a ship’s magnetic signature, thereby enhancing its survivability against magnetic mines and improving operational safety. The increasing deployment of naval vessels and submarines globally is driving demand for advanced degaussing systems.
  • Technological Advancements: Innovations in degaussing technologies, such as digital degaussing controllers, integrated degaussing systems, and automated demagnetization processes, are enhancing the efficiency and effectiveness of degaussing operations. These advancements are crucial in mitigating the magnetic threat posed by modern naval mines and electromagnetic warfare.
  • Consumer Preferences: Maritime defense forces and commercial ship operators are prioritizing the integration of robust degaussing systems to comply with international naval standards and ensure vessel safety and mission effectiveness. The demand for reliable and cost-effective degaussing solutions is increasing across naval fleets and commercial shipping sectors worldwide.

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Market Players:

Leading companies in the degaussing system market include L3Harris Technologies, Inc., Ultra Electronics Holdings plc, ECA Group, American Superconductor Corporation, and IFEN S.p.A. These companies specialize in offering comprehensive degaussing solutions, including design, installation, maintenance, and support services, tailored to meet diverse customer requirements.

Market Segments:

The degaussing system market has been segmented based on solution, end-use, vessel type, application, and geography.

  • Based on the solution, the market is bifurcated into degaussing, ranging, and deperming. The degaussing market is sub-segmented into hardware and software.

    • The hardware segment is further divided into degaussing coil units, degaussing control units, bipolar amplifiers, conductors, compass compensating equipment, DC generators, magnetometers, and course monitor units.
    • The ranging segment is sub-segmented into fixed and onboard. The onboard segment is further classified into transmitted data buoys, coils, aerial ranging devices, software, monitors, and magnetometers.
  • Based on end-user, the market is bifurcated into services, OEM, and aftermarket.
  • Based on vessel type, the market is classified into MCMV, OPV, FAC, submarines, frigates, corvettes, destroyers, aircraft carriers, and amphibious.
  • Based on application, the market is divided into external and shipborne.
  • Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Insights:

North America currently dominates the degaussing system market, driven by extensive defense budgets, ongoing naval modernization programs, and technological advancements in maritime security. Asia-Pacific is expected to register significant growth due to increasing maritime trade activities and investments in naval capabilities across countries like China, India, and Japan.

Future Outlook:

The degaussing system market is poised for continued growth, supported by evolving maritime security threats, regulatory requirements for vessel safety, and advancements in degaussing technologies. Manufacturers are focusing on developing innovative solutions, enhancing operational efficiencies, and expanding their global footprint to capitalize on emerging market opportunities.

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About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to providing strategically analyzed, well-documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession with turning data into knowledge by dissecting every bit of it and providing fact-based research recommendations that are supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to make critical business decisions that enable them to move beyond time and have a competitive edge in the industry.

We have been servicing over 1000 customers globally including 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high-growth markets and identifying hidden opportunities in each sector or industry. We provide one of the industry’s best quality syndicated, as well as custom research reports across 10 different industry verticals. We are committed to delivering high-quality research solutions in accordance to your business needs. Our industry-standard delivery solutions range from pre-consultation to after-sales services, provide an excellent client experience, and ensure the right strategic decision-making for businesses.

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