Degaussing System Market Analysis

ID: MRFR/A&D/5922-HCR

125 Pages

Sejal Akre

October 2025

Degaussing System Market Research Report Information By Solution (Ranging, Degaussing, and Deperming), By Vessel Type (Small Vessel (< 100 M), Medium Vessel (100-200 M), and Large Vessel (>200 M)), By End User (Services, OEM, and Aftermarket) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035.

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Summary Table of Contents Segmentation Download PDF

Market Analysis

Degaussing System (Global, 2023)

Introduction

The Degaussing System market is characterized by its critical role in the protection and maintenance of naval vessels, as well as various industrial applications where magnetic interference can pose significant risks. As technological advancements continue to evolve, the demand for sophisticated degaussing solutions has surged, driven by the need for enhanced security measures and operational efficiency. This market encompasses a diverse range of products and services designed to mitigate the effects of magnetic fields, ensuring the integrity of sensitive equipment and the safety of personnel. With increasing awareness of electromagnetic compatibility and the potential threats posed by magnetic signatures, stakeholders are focusing on innovative approaches to degaussing technology. The landscape is further shaped by regulatory frameworks and the growing emphasis on environmental sustainability, prompting manufacturers to develop eco-friendly solutions that meet stringent compliance standards. As the industry navigates these dynamics, understanding the key trends, challenges, and opportunities within the Degaussing System market becomes essential for stakeholders aiming to capitalize on this evolving sector.

PESTLE Analysis

Political: In 2023, the geopolitical landscape has a direct impact on the Degaussing System market, particularly due to increased military spending in various countries. For instance, the U.S. Department of Defense allocated approximately $800 billion for defense-related expenditures, which includes investments in advanced naval technologies such as degaussing systems. Additionally, international tensions have led to a rise in defense budgets across NATO countries, with an average increase of 3.5% reported in 2024, further driving demand for degaussing systems as nations seek to enhance their naval capabilities.
Economic: The global economic environment in 2023 has shown a mixed recovery post-pandemic, with inflation rates averaging around 4.2% in developed economies. This economic backdrop has influenced defense budgets, with countries like India increasing their defense spending to $76 billion in 2024, which includes procurement of advanced naval systems. Furthermore, the fluctuation in raw material costs, particularly for rare earth metals used in degaussing systems, has seen a price increase of 15% in the last year, impacting production costs and pricing strategies within the market.
Social: Public awareness regarding naval security and environmental protection has grown significantly in 2023, with surveys indicating that 68% of the population in coastal nations prioritize investments in technologies that enhance maritime security. This societal shift has led to increased pressure on governments to invest in advanced degaussing systems that not only protect naval vessels but also minimize environmental impacts. Additionally, the workforce in the defense sector has seen a rise, with over 1.5 million people employed in defense-related jobs in the U.S. alone, highlighting the social importance of this industry.
Technological: Technological advancements in degaussing systems have accelerated in 2023, with the introduction of digital degaussing systems that offer enhanced performance and efficiency. The market has seen a 25% increase in the adoption of these digital systems compared to traditional analog systems, driven by their ability to reduce magnetic signatures more effectively. Moreover, research and development investments in this sector have reached approximately $200 million in 2024, focusing on integrating artificial intelligence and machine learning to optimize degaussing operations.
Legal: In 2023, regulatory frameworks surrounding naval defense technologies have become more stringent, particularly concerning environmental compliance. The International Maritime Organization (IMO) has set new guidelines that require all naval vessels to adhere to stricter emissions standards, impacting the design and implementation of degaussing systems. Compliance with these regulations is estimated to cost manufacturers an additional $50 million in R&D and compliance measures in 2024, necessitating a shift in production strategies to meet legal requirements.
Environmental: Environmental considerations have become increasingly critical in the Degaussing System market in 2023, with a focus on reducing the ecological footprint of naval operations. The introduction of eco-friendly materials in the manufacturing of degaussing systems has gained traction, with an estimated 30% of new systems being produced using sustainable materials. Additionally, the U.S. Navy has committed to reducing its carbon emissions by 50% by 2030, which includes the adoption of greener technologies in their fleet, thereby influencing the market dynamics for degaussing systems.

Porter's Five Forces

Threat of New Entrants: Medium - The degaussing system market has moderate barriers to entry due to the need for specialized technology and expertise. While the initial investment can be significant, advancements in technology and increasing demand for electronic security solutions may attract new players. However, established companies with strong brand recognition and customer loyalty pose a challenge for newcomers.
Bargaining Power of Suppliers: Low - The bargaining power of suppliers in the degaussing system market is relatively low. There are numerous suppliers of the components required for degaussing systems, which leads to competitive pricing. Additionally, many manufacturers can switch suppliers without significant cost implications, further reducing supplier power.
Bargaining Power of Buyers: High - Buyers in the degaussing system market hold significant bargaining power due to the availability of various options and the ability to compare products easily. As customers become more informed about their choices, they can negotiate better prices and demand higher quality, which forces manufacturers to remain competitive.
Threat of Substitutes: Medium - The threat of substitutes in the degaussing system market is moderate. While there are alternative methods for data destruction, such as physical destruction or encryption, these methods may not provide the same level of security or compliance as degaussing. However, as technology evolves, new substitutes may emerge, increasing this threat.
Competitive Rivalry: High - Competitive rivalry in the degaussing system market is high, with several established players vying for market share. Companies compete on factors such as price, technology, and customer service. The rapid pace of technological advancement and the need for continuous innovation further intensify competition among existing firms.

SWOT Analysis

Strengths

High demand for degaussing systems in military and naval applications.
Technological advancements leading to more efficient and compact systems.
Strong regulatory support for anti-magnetic measures in sensitive environments.

Weaknesses

High initial investment costs for advanced degaussing systems.
Limited awareness and understanding of degaussing technology in some sectors.
Dependence on specialized technical expertise for installation and maintenance.

Opportunities

Growing need for degaussing systems in commercial shipping and offshore industries.
Potential for integration with emerging technologies like IoT for enhanced monitoring.
Expansion into emerging markets with increasing naval capabilities.

Threats

Intense competition from alternative technologies and systems.
Economic downturns affecting defense budgets and spending.
Rapid technological changes leading to obsolescence of existing systems.

Summary

The Degaussing System Market in 2023 is characterized by strong demand driven by military applications and technological advancements. However, high costs and a lack of awareness present challenges. Opportunities exist in commercial sectors and emerging markets, while competition and economic factors pose significant threats. Companies should focus on innovation and education to leverage market potential.

Market Highlights

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

The Global Degaussing System Market is projected to grow from 6.1 USD Billion in 2024 to 9.02 USD Billion by 2035.

Key Market Trends & Highlights

Degaussing System Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 3.63 percent from 2025 to 2035. By 2035, the market valuation is anticipated to reach 9.02 USD Billion, indicating robust growth potential. In 2024, the market is valued at 6.1 USD Billion, reflecting a solid foundation for future expansion. Growing adoption of degaussing systems due to increasing concerns over data security is a major market driver.

Degaussing System Market

CAGR

3.63%

Market Size & Forecast

2024 Market Size	6.1 (USD Billion)
2035 Market Size	9.02 (USD Billion)
CAGR (2025-2035)	3.63%
Largest Regional Market Share in 2024	latin_america)

Major Players

<a href="https://en.wikipedia.org/wiki/American_Superconductor">American Superconductor </a>(US), GroupeGorgé (France), Polyamp AB (Sweden), Surma Ltd (Finland), L3 Technologies Inc (US), Ultra Electronics (UK), LARSEN & TOUBRO LIMITED (India), STL Systems AG (Switzerland), Wärtsilä (Finland), IFEN SpA (Spain)

Market Trends

The growing marine surveillance is driving the market growth

Market CAGR for the degaussing system is being driven by the rising number of marine threats. Due to their obvious magnetic fingerprints and easy visibility, ships and warships are easily recognized. Submarines are especially susceptible to mines because they operate undersea, where mines are laid, and they play a vital role in naval operations. The need for degaussing and deperming systems, which are used to demagnetize submarines' magnetic signatures, has increased due to this vulnerability. The use of degaussing and deperming devices has expanded due to the rise in submarine delivery in developing nations like India, China, and South Korea.

The Indian defense ministry wanted to carry out a dated plan to buy six units of conventional submarines in June 2021. This planned proposal aims to establish competition between two of the top shipbuilders, Mazagon Dock Shipbuilders Limited and Larsen & Toubro Ltd. (India) (India).

A maritime war exercise prepares naval forces to investigate conflict outcomes or test tactics without engaging in combat. It is a full-scale practice run for navy maneuvers used in wartime. A joint or combined exercise conducted between two or more nations is known as a maritime war exercise. Due to the requirement to improve the combat abilities of naval forces, the number of maritime warfare exercises has been exponentially growing over the past ten years. For instance, India participated in Rim of the Pacific (RIMPAC), the world's largest multinational biannual maritime combat exercise, which took place in June 2022.

The employment of degaussing, ranging, and deperming equipment to neutralize or demagnetize the magnetic field of navy warships and shield them from sea mines has expanded due to these exercises. Thus, driving the degaussing system market revenue.

The ongoing advancements in naval technology and the increasing emphasis on maritime security are likely to drive the demand for sophisticated degaussing systems, which are essential for protecting vessels from magnetic mines and ensuring operational effectiveness.

U.S. Department of Defense

Degaussing System Market Market Drivers

Market Growth Projections

The Global Degaussing System Market Industry is poised for substantial growth, with projections indicating a market size of 6.1 USD Billion in 2024 and an anticipated increase to 9.02 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 3.63% from 2025 to 2035. The increasing demand for secure data disposal methods, driven by regulatory compliance and technological advancements, is likely to sustain this upward trend. As organizations continue to prioritize data security and environmental sustainability, the market for degaussing systems is expected to expand, reflecting the critical importance of these solutions in safeguarding sensitive information.

Expansion of Digital Infrastructure

The expansion of digital infrastructure globally is a key driver of the Global Degaussing System Market Industry. As businesses increasingly digitize their operations, the volume of data generated and stored continues to rise exponentially. This surge in data necessitates effective data management strategies, including secure data disposal methods. Degaussing systems are essential for organizations looking to protect sensitive information and comply with data protection regulations. The growing digital landscape is expected to fuel demand for degaussing solutions, contributing to the market's projected growth trajectory. With the market anticipated to reach 9.02 USD Billion by 2035, this expansion underscores the critical role of degaussing systems in the digital age.

Increasing Demand for Data Security

The rising demand for data security across various sectors is a primary driver for the Global Degaussing System Market Industry. As organizations increasingly rely on digital data, the need to protect sensitive information from unauthorized access becomes paramount. Degaussing systems play a crucial role in ensuring that data stored on magnetic media is irretrievably erased, thereby mitigating risks associated with data breaches. In 2024, the market is projected to reach 6.1 USD Billion, reflecting the growing awareness of data security protocols. This trend is expected to continue, with the market anticipated to expand significantly by 2035, potentially reaching 9.02 USD Billion.

Regulatory Compliance and Standards

Regulatory compliance is a significant factor driving the Global Degaussing System Market Industry. Governments and regulatory bodies worldwide impose stringent data protection laws, necessitating the secure disposal of sensitive information. Organizations must adhere to these regulations to avoid hefty fines and reputational damage. Degaussing systems provide an effective solution for compliance with standards such as the National Institute of Standards and Technology guidelines. As the regulatory landscape evolves, the demand for reliable degaussing solutions is likely to increase, further propelling market growth. This compliance-driven demand is expected to contribute to a compound annual growth rate of 3.63% from 2025 to 2035.

Technological Advancements in Degaussing Systems

Technological advancements in degaussing systems are reshaping the Global Degaussing System Market Industry. Innovations such as automated degaussing machines and enhanced magnetic field generation techniques improve efficiency and effectiveness in data destruction. These advancements not only streamline operations but also reduce the time required for secure data disposal. As organizations seek to optimize their data management processes, the adoption of advanced degaussing solutions is likely to rise. This trend indicates a shift towards more sophisticated technologies that can cater to the evolving needs of businesses, thereby driving market growth in the coming years.

Growing Awareness of Environmental Sustainability

The increasing awareness of environmental sustainability is influencing the Global Degaussing System Market Industry. Organizations are becoming more conscious of their environmental impact, leading to a preference for eco-friendly data destruction methods. Degaussing systems offer a sustainable solution by ensuring that magnetic media is rendered unusable without generating hazardous waste. This environmentally responsible approach aligns with corporate social responsibility initiatives, making degaussing systems an attractive option for businesses aiming to enhance their sustainability profiles. As this trend continues to gain traction, the market is likely to experience growth driven by the demand for environmentally friendly data disposal solutions.

Market Segment Insights

Degaussing System Type Insights

The degaussing system market segmentation, based on type, includes degaussing, ranging, and deperming. In 2022, the degaussing sector dominated the market. Naval boats' magnetic signatures are diminished by degaussing devices, making it more difficult for undersea mines to locate and harm them. Degaussing systems were typically constructed from thick copper wires. Nevertheless, high-temperature superconductors are utilized in degaussing systems today because they are lighter and use less power than traditional degaussing systems.

January 2021 American Superconductor Company (AMSC) was granted a hybrid firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract to provide a high-temperature superconducting degaussing system (HTS). The HTS will be provided in the class of landing platform docks. The contract costs USD 14.94 million, and delivery is scheduled for September 2023.

The Deperming System has seen the fastest increase in demand from naval forces of nations including the US, China, and Japan in the second decade of this century due to a rise in the need for equipment that gives submarines camouflage.

Degaussing System Vessel Type Insights

The degaussing system market segmentation, based on vessel type, includes small vessel (< 100 m), medium vessel (100-200 m), and large vessel (>200 m). Over the forecast period, the medium vessel (100-200 m) segment is anticipated to dominate the market. The main reasons for the dominance of the medium vessel category are the expanding requirement to defend submarines from hostile underwater mines by engaging in degaussing operations. However, in 2022, the large vessel sector showed the fastest growth rate. Liquefied petroleum gas (LPG) import demand is rising in Europe and India.

In addition, rising demand for liquefied natural gas (LNG) in Asia and expanding U.S. supplies are other factors anticipated to contribute to the accelerated growth of this market.

Degaussing System End-User Insights

The degaussing system market segmentation, based on end-user, includes OEM, aftermarket, and services. Due to increased the delivery of new ships worldwide, the OEM segment is anticipated to experience the fastest growth during the projected period. Due to increased demand for MRO of the old fleet, the aftermarket category is anticipated to develop at the quickest rate throughout the projected period.

Figure1: Degaussing System Market, by End-User, 2022& 2030(USD billion)

Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Get more detailed insights about Degaussing System Market Research Report – Global Forecast till 2030

Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The degaussing system market is dominated by North America, and this dominance is predicted to last for the entire projection period. This is linked to elements including the requirement to protect boats from adversaries and growing defense industry investments. The market development in this area is also being fueled by technological improvements made by numerous government and non-government groups to increase the efficacy of degaussing systems, particularly in the United States.

For instance, the American Society of Military Comptrollers (ASMC) released their degaussing system in Special Purpose Ships (SPS) in June 2021. This system is intended to protect warships and is 90% lighter than standard degaussing goods.

Figure2: DEGAUSSING SYSTEM MARKET SHARE BY REGION 2022 (%)

Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Europe’s degaussing system market accounts for the second-largest market share. The European shipbuilding sector maintains its position as a pioneer in innovation, a technology provider, and cleaner and safer ships. The European Union (EU) shipping industry provides USD 165 billion to the annual GDP growth of the EU with its diverse fleet of commercial boats. Further, the German degaussing system market held the largest market share, and the UK degaussing system market was the fastest growing market in the European region.

The Asia-Pacific Degaussing System Market is expected to grow at the fastest CAGR from 2023 to 2030. Due to escalating maritime border tensions between nations in this region, including India, China, Japan, and the Philippines, which have increased their military spending, Asia Pacific is predicted to rise in the degaussing system market continuously. China declared an RMB 1.55 trillion ($224.8 billion) annual defense budget in March 2023, which is a nominal 7.2 percent increase over the RMB 1.45 trillion ($229.6 billion) budget for 2022.

In the near future, degaussing system sales will be driven by these nations' plans to construct, design, and acquire new naval warships. Moreover, China’s degaussing system market held the largest market share, and the Indian degaussing system market was the fastest-growing market in the Asia-Pacific region.

Key Players and Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the degaussing system market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, degaussing system industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the degaussing system industry to benefit clients and increase the market sector. In recent years, the degaussing system industry has offered some of the most significant medical advantages. Major players in the degaussing system market, including LARSEN & TOUBRO LIMITED (India), Ultra Electronics (UK), Surma Ltd (Finland), American Superconductor (US), and others, are attempting to increase market demand by investing in research and development operations.

Larsen & Toubro Ltd, or L&T, is a Mumbai-based Indian multinational conglomerate interested in engineering, construction, manufacturing, technology, information technology, and financial services. The corporation is ranked among the top five construction firms in the globe. In January 2022, Larsen & Turbo Limited announced the development of innovative defense technology for the Indian military. The company degausses cargo and oil tanker hulls and offers repair and installation services.

These vessels, built at M/s L&T shipyard in Kattupally (Chennai), will conduct multi-role support activities like maritime surveillance and patrol, torpedo launch/recovery, and operation of various types of aerial, surface, and underwater targets for Gunnery/ ASW fire drills.

Marine Electricals provides customers with high-quality, comprehensive solutions through a single contact point. This allows clients to concentrate on their core tasks. Marine Electricals strives for long-term customer and supplier relationships. Marine Electricals is an independent technical service provider in India. In November 2021, Damen (Netherlands) awarded Marine Electrical Systems, a branch of Wartsila SAM Electronics GmbH, a contract under the F126 project to produce a degaussing system, switchgear, lighting system, power distribution system, and special equipment for an energy supply.

The scope of supply and services comprise, in addition to the integration of all electrical components, the production and delivery of the switchgear, the power distribution system and the degaussing system, also the delivery of the lighting system and special equipment for energy supply, and the entire related ILS documentation.

Key Companies in the Degaussing System Market market include

Industry Developments

Q2 2024: Thales Launches Next-Generation Degaussing System for Naval Vessels Thales announced the launch of its new degaussing system designed to reduce the magnetic signature of naval vessels, enhancing stealth and survivability against underwater mines. The system was unveiled at a major European defense exhibition in April 2024.
Q1 2024: BAE Systems Secures Contract to Supply Degaussing Systems for Royal Navy Type 26 Frigates BAE Systems announced it has been awarded a contract by the UK Ministry of Defence to deliver advanced degaussing systems for the Royal Navy's new Type 26 frigates, with deliveries scheduled to begin in late 2024.
Q2 2024: L3Harris Technologies Partners with Indian Shipbuilder for Degaussing System Integration L3Harris Technologies entered a partnership with an Indian shipbuilder to integrate its degaussing systems into a new class of Indian Navy corvettes, marking a significant expansion into the South Asian defense market.
Q3 2024: Saab Opens New Facility in Sweden for Degaussing System Production Saab inaugurated a new manufacturing facility in Gothenburg dedicated to the production of advanced degaussing systems, aiming to meet growing demand from European and international naval customers.
Q2 2025: Navantia Wins Spanish Navy Contract for Degaussing System Upgrades Spanish shipbuilder Navantia secured a contract to upgrade degaussing systems on several Spanish Navy vessels, with work scheduled to commence in mid-2025.
Q1 2025: Leonardo Unveils Modular Degaussing System for Export Markets Leonardo introduced a new modular degaussing system targeting export customers, emphasizing rapid installation and compatibility with a wide range of naval platforms.
Q4 2024: Australian Navy Awards Degaussing System Contract to Local Consortium A consortium of Australian defense firms was awarded a contract to supply and install degaussing systems on the Royal Australian Navy’s new offshore patrol vessels.
Q2 2024: South Korea’s Hanwha Systems Delivers Degaussing System for KDX-III Batch-II Destroyers Hanwha Systems completed delivery of advanced degaussing systems for the Republic of Korea Navy’s KDX-III Batch-II destroyers, enhancing the fleet’s protection against magnetic mines.
Q3 2024: Thyssenkrupp Marine Systems Signs Agreement to Retrofit German Navy Submarines with New Degaussing Technology Thyssenkrupp Marine Systems signed an agreement to retrofit German Navy submarines with state-of-the-art degaussing technology, with installations set to begin in late 2024.
Q1 2025: Singapore Navy Commissions New Littoral Mission Vessels with Indigenous Degaussing Systems The Republic of Singapore Navy commissioned a new class of Littoral Mission Vessels equipped with locally developed degaussing systems, marking a milestone in domestic defense technology.
Q4 2024: Elbit Systems Wins Contract to Supply Degaussing Systems for Israeli Navy Elbit Systems was awarded a contract to supply and integrate degaussing systems on several Israeli Navy vessels, with deliveries expected to be completed by the end of 2025.
Q2 2025: Turkish Navy Selects Aselsan for Next-Generation Degaussing System Deployment Aselsan was selected by the Turkish Navy to deploy next-generation degaussing systems across its new fleet of multi-purpose frigates, with the first installations scheduled for Q3 2025.

Future Outlook

Degaussing System Market Future Outlook

The Global Degaussing System Market is projected to grow at a 3.63% CAGR from 2024 to 2035, driven by technological advancements, increasing naval investments, and rising cybersecurity concerns.

New opportunities lie in:

Develop advanced degaussing systems integrating AI for enhanced performance. Expand into emerging markets with tailored solutions for local naval forces. Invest in R&D for eco-friendly degaussing technologies to meet regulatory demands.

By 2035, the market is expected to exhibit robust growth, reflecting increased demand and innovation.

Market Segmentation

Degaussing System End-User Outlook

Services
OEMs
Aftermarket

Degaussing System Regional Outlook

{"North America"=>["US"
"Canada"]}
{"Europe"=>["Germany"
"France"
"UK"
"Italy"
"Spain"
"Rest of Europe"]}
{"Asia-Pacific"=>["China"
"Japan"
"India"
"Australia"
"South Korea"
"Rest of Asia-Pacific"]}
{"Rest of the World"=>["Middle East"
"Africa"
"Latin America"]}

Degaussing System Solution Outlook

Ranging
Degaussing
Deperming

Degaussing System Vessel Type Channel Outlook

Small Vessels (< 100 M)
Medium Vessels (100-200 M)
Large Vessels (>200 M)

Report Scope

Report Attribute/Metric	Details
Market Size2022	USD 5.7 billion
Market Size 2023	USD 5.9 billion
Market Size 2030	USD 7.45 billion
Compound Annual Growth Rate (CAGR)	3.91% (2024-2030)
Base Year	2022
Market Forecast Period	2024-2030
Historical Data	2019- 2021
Market Forecast Units	Value (USD Billion)
Report Coverage	Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends
Segments Covered	Solution, Vessel Type, and End-User
Geographies Covered	North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered	U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	LARSEN & TOUBRO LIMITED (India), Ultra Electronics (UK), Surma Ltd (Finland), and American Superconductor (US).
Key Market Opportunities	Increase in maritime warfare exercises to protect naval vessels from sea mines
Key Market Dynamics	The increasing importance of degaussing systems in naval warfare

Market Highlights

Author

Sejal Akre

Senior Research Analyst

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

How much is the degaussing system market?

The degaussing system market size was valued at USD 5.7 Billion in 2022.

What is the growth rate of the degaussing system market?

The market is anticipated to expand at a CAGR of 3.91% from 2024 to 2030.

Which region held the major market share in the degaussing system market?

North America had the major share of the market.

Who are the key players in the degaussing system market?

The key players in the market are LARSEN & TOUBRO LIMITED (India), Ultra Electronics (UK), Surma Ltd (Finland), and American Superconductor (US).

Which vessel type led the degaussing system market?

The medium vessel type dominated the market in 2022.

Which solution had the largest market share in the degaussing system market?

The degaussing sector had the largest share in the market.

Table of Contents
Executive Summary
Market Introduction
1. Market Definition
2. Scope of the Study
3. Market Structure
4. Key Takeaways
5. Key Buying Criteria
Research Methodology
1. Research Process
2. Primary Research
3. Secondary Research
4. Market Size Estimation
5. Forecast Model
6. List of Assumptions
7. Limitations
Market Landscape
1. Porter’s Five Forces Analysis
  1. Threat of New Entrants
  2. Bargaining Power of Buyers
  3. Threat of Substitutes
  4. Segment Rivalry
  5. Bargaining Power of Supplies
2. Value Chain/Supply Chain Analysis
Market Dynamics
1. Introduction
2. Market Drivers
3. Market Restraints
4. Market Opportunities
Industry Dynamics
1. Technology Trend
2. Regulatory Landscape
3. Patent Analysis Outlook
Global Degaussing System Market, by Solution
1. Introduction
2. Degaussing
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
3. Ranging
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
4. Deperming
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
Global Degaussing System Market, by Vessel Type
1. Introduction
2. Small
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
3. Medium
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
4. Large
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
Global Degaussing System Market, by End User
1. Introduction
2. OEM
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
3. Aftermarket
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
4. Services
  1. Market Estimates & Forecast, 2023-2030
  2. Market Estimates & Forecast, by Region, 2023-2030
Global Degaussing System Market, by Region
1. Introduction
2. North America
  1. Market Estimates & Forecast, by Country, 2023-2030
  2. Market Estimates & Forecast, by Solution, 2023-2030
  3. Market Estimates & Forecast, by Vessel Type, 2023-2030
  4. Market Estimates & Forecast, by End User, 2023-2030
  5. US
  6. Canada
3. Europe
  1. Market Estimates & Forecast, by Country, 2023-2030
  2. Market Estimates & Forecast, by Solution, 2023-2030
  3. Market Estimates & Forecast, by Vessel Type, 2023-2030
  4. Market Estimates & Forecast, by End User, 2023-2030
  5. UK
  6. Germany
  7. France
  8. Russia
  9. Rest of Europe
4. Asia-Pacific
  1. Market Estimates & Forecast, by Country, 2023-2030
  2. Market Estimates & Forecast, by Solution, 2023-2030
  3. Market Estimates & Forecast, by Vessel Type, 2023-2030
  4. Market Estimates & Forecast, by End User, 2023-2030
  5. China
  6. Japan
  7. India
  8. Australia
  9. Rest of Asia-Pacific
5. Rest of the World
  1. Market Estimates & Forecast, by Region, 2023-2030
  2. Market Estimates & Forecast, by Solution, 2023-2030
  3. Market Estimates & Forecast, by Vessel Type, 2023-2030
  4. Market Estimates & Forecast, by End User, 2023-2030
  5. Latin America
  6. Middle East & Africa
Competitive Landscape
1. Competitive Scenario
2. Competitive Overview
3. Competitive Benchmarking
4. Market Share Analysis
Company Profiles
1. American Superconductor
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
2. Groupe Gorge
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
3. IFEN SpA
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
4. LARSEN & TOUBRO LIMITED
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
5. L3 Technologies, Inc.
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
6. Polyamp AB
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
7. STL Systems AG
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
8. Surma Ltd
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
9. Ultra Electronics
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
10. Wartsila
  1. Company Overview
  2. Product Offering
  3. Financial Overview
  4. Key Developments
  5. Swot Analysis
  6. Strategy
List of Tables and Figures
1. List of Tables
2. Table 1 Global Degaussing System Market, by Region, 2023-2030
3. Table 2 North America: Degaussing System Market, by Country, 2023-2030
4. Table 3 Europe: Degaussing System Market, by Country, 2023-2030
5. Table 4 Asia-Pacific: Degaussing System Market, by Country, 2023-2030
6. Table 5 Rest of the World: Degaussing System Market, by Region, 2023-2030
7. Table 6 Global Degaussing System, Solution Market, by Region, 2023-2030
8. Table 7 North America: Degaussing System, Solution Market, by Country, 2023-2030
9. Table 8 Europe: Degaussing System, Solution Market, by Country, 2023-2030
10. Table 9 Asia-Pacific: Degaussing System, Solution Market, by Country, 2023-2030
11. Table 10 Rest of the World: Degaussing System, Solution Market, by Region, 2023-2030
12. Table 11 Global Degaussing System Vessel Type Market, by Region, 2023-2030
13. Table 12 North America: Degaussing System Vessel Type Market, by Country, 2023-2030
14. Table 13 Europe: Degaussing System Vessel Type Market, by Country, 2023-2030
15. Table 14 Asia-Pacific: Degaussing System Vessel Type Market, by Country, 2023-2030
16. Table 15 Rest of the World: Degaussing System Vessel Type Market, by Region, 2023-2030
17. Table 16 Global Degaussing System End User Market, by Region, 2023-2030
18. Table 17 North America: Degaussing System End User Market, by Country, 2023-2030
19. Table 18 Europe: Degaussing System End User Market, by Country, 2023-2030
20. Table 19 Asia-Pacific: Degaussing System End User Market, by Country, 2023-2030
21. Table 20 Rest of the World: Degaussing System End User Market, by Region, 2023-2030
22. Table 21 Global Degaussing System Market, by Region, 2023-2030
23. Table 22 Global Degaussing System Market, by Solution, 2023-2030
24. Table 23 Global Degaussing System Market, by Vessel Type, 2023-2030
25. Table 24 Global Degaussing System Market, by End User, 2023-2030
26. Table 25 North America: Degaussing System Market, by Country, 2023-2030
27. Table 26 North America: Degaussing System Market, by Solution, 2023-2030
28. Table 27 North America: Degaussing System Market, by Vessel Type, 2023-2030
29. Table 28 North America: Degaussing System Market, by End User, 2023-2030
30. Table 29 Europe: Degaussing System Market, by Country, 2023-2030
31. Table 30 Europe: Degaussing System Market, by Solution, 2023-2030
32. Table 31 Europe: Degaussing System Market, by Vessel Type, 2023-2030
33. Table 32 Europe: Degaussing System Market, by End User, 2023-2030
34. Table 33 Asia-Pacific: Degaussing System Market, by Country, 2023-2030
35. Table 34 Asia-Pacific: Degaussing System Market, by Solution, 2023-2030
36. Table 35 Asia-Pacific: Degaussing System Market, by Vessel Type, 2023-2030
37. Table 36 Asia-Pacific: Degaussing System Market, by End User, 2023-2030
38. Table 37 Rest of the World: Degaussing System Market, by Region, 2023-2030
39. Table 38 Rest of the World: Degaussing System Market, by Solution, 2023-2030
40. Table 39 Rest of the World: Degaussing System Market, by Vessel Type, 2023-2030
41. Table 40 Rest of the World: Degaussing System Market, by End User, 2023-2030 List Of Figures
42. FIGURE 1 Research Process of MRFR
43. FIGURE 2 Top-Down & Bottom-up Approaches
44. FIGURE 3 Market Dynamics
45. FIGURE 4 Impact Analysis: Market Drivers
46. FIGURE 5 Impact Analysis: Market Restraints
47. FIGURE 6 Porter''s Five Forces Analysis
48. FIGURE 7 Value Chain Analysis
49. FIGURE 8 Global Degaussing System Market Share, by Solution, 2020 (%)
50. FIGURE 9 Global Degaussing System Market, by Solution, 2023-2030 (USD Million)
51. FIGURE 10 Global Degaussing System Market Share, by Vessel Type, 2020 (%)
52. FIGURE 11 Global Degaussing System Market, by Vessel Type, 2023-2030 (USD Million)
53. FIGURE 12 Global Degaussing System Market Share, by End User, 2020 (%)
54. FIGURE 13 Global Degaussing System Market, by End User, 2023-2030 (USD Million)
55. FIGURE 14 Global Degaussing System Market Share (%), By Region, 2020
56. FIGURE 15 Global Degaussing System Market, by Region, 2023-2030 (USD Million)
57. FIGURE 16 North America: Degaussing System Market Share (%), 2020
58. FIGURE 17 North America: Degaussing System Market by Country, 2023-2030 (USD Million)
59. FIGURE 18 Europe: Degaussing System Market Share (%), 2020
60. FIGURE 19 Europe: Degaussing System Market by Country, 2023-2030 (USD Million)
61. FIGURE 20 Asia-Pacific: Degaussing System Market Share (%), 2020
62. FIGURE 21 Asia-Pacific: Degaussing System Market by Country, 2023-2030 (USD Million)
63. FIGURE 22 Rest of the World: Degaussing System Market Share (%), 2020
64. FIGURE 23 Rest of the World: Degaussing System Market by Region, 2023-2030 (USD Million)

Market Segmentation

Degaussing System Solution Outlook (USD Billion, 2019-2030)

Ranging

Degaussing

Deperming

Degaussing System Vessel Type Channel Outlook (USD Billion, 2019-2030)

Small Vessels (< 100 M)

Medium Vessels (100-200 M)

Large Vessels (>200 M)

Degaussing System End-User Outlook (USD Billion, 2019-2030)

Latin America Degaussing System by End-User

Services

OEMs

Aftermarket

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Customer Strories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027

Degaussing System Market Analysis

Purchase Options

Market Analysis

Degaussing System (Global, 2023)

Introduction

PESTLE Analysis

Porter's Five Forces

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Summary

Market Highlights

Market Summary

Key Market Trends & Highlights

Market Size & Forecast

Major Players

Market Trends

U.S. Department of Defense

Degaussing System Market Market Drivers

Market Growth Projections

Expansion of Digital Infrastructure

Increasing Demand for Data Security

Regulatory Compliance and Standards

Technological Advancements in Degaussing Systems

Growing Awareness of Environmental Sustainability

Market Segment Insights

Degaussing System Type Insights

Degaussing System Vessel Type Insights

Degaussing System End-User Insights

Get more detailed insights about Degaussing System Market Research Report – Global Forecast till 2030

Regional Insights

Key Players and Competitive Insights

Key Companies in the Degaussing System Market market include

Industry Developments

Future Outlook

Degaussing System Market Future Outlook

Market Segmentation

Degaussing System End-User Outlook

Degaussing System Regional Outlook

Degaussing System Solution Outlook

Degaussing System Vessel Type Channel Outlook

Report Scope

Market Highlights

Author

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Market Segmentation

Degaussing System Solution Outlook (USD Billion, 2019-2030)

Degaussing System Vessel Type Channel Outlook (USD Billion, 2019-2030)

Degaussing System End-User Outlook (USD Billion, 2019-2030)

Degaussing System Regional Outlook (USD Billion, 2019-2030)

North America Outlook (USD Billion, 2019-2030)

US Outlook (USD Billion, 2019-2030)

CANADA Outlook (USD Billion, 2019-2030)

Europe Outlook (USD Billion, 2019-2030)

Germany Outlook (USD Billion, 2019-2030)

France Outlook (USD Billion, 2019-2030)

UK Outlook (USD Billion, 2019-2030)

ITALY Outlook (USD Billion, 2019-2030)

SPAIN Outlook (USD Billion, 2019-2030)

Rest Of Europe Outlook (USD Billion, 2019-2030)

Asia-Pacific Outlook (USD Billion, 2019-2030)

China Outlook (USD Billion, 2019-2030)

Japan Outlook (USD Billion, 2019-2030)

India Outlook (USD Billion, 2019-2030)

Australia Outlook (USD Billion, 2019-2030)

Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)

Rest of the World Outlook (USD Billion, 2019-2030)

Middle East Outlook (USD Billion, 2019-2030)

Africa Outlook (USD Billion, 2019-2030)

Latin America Outlook (USD Billion, 2019-2030)

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Customer Strories

Victoria Milne

Founder