Degaussing System Market Research Report – Global Forecast till 2027

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 2027

ID: MRFR/A&D/5922-HCR | February 2021 | Region: Global | 125 pages

Market Scenario


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.


Segmentation of the Global Degaussing System Market


Degaussing System Market


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.


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


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)



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :


The market is presumed to secure a CAGR of 2.9% in the years to follow.

Some of the primary factors fuelling market growth include the escalating demand for degaussing systems in naval warfare along with the rising technical advancements in these systems. Additionally, the surging military expenditure in emerging countries is also inducing market growth.

Based on solution, degaussing segment can take the leading position during the given period.

Presence of worldwide renowned vendors such as L3 Technologies Inc., American Superconductor and more make North America the most prominent market.

Factors that ensure that the APAC market secures the fastest growth rate include increasing defense expenditure by developing economies such as China and India. Additionally, technological advancements and growing demand for advanced degaussing systems.

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

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

3.7. Limitations

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of Substitutes

4.1.4. Segment Rivalry

4.1.5. Bargaining Power of Supplies

4.2. Value Chain/Supply Chain Analysis

5. Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

6. Industry Dynamics

6.1. Technology Trend

6.2. Regulatory Landscape

6.3. Patent Analysis Outlook

7. Global Degaussing System Market, by Solution

7.1. Introduction

7.2. Degaussing

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Ranging

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Deperming

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Degaussing System Market, by Vessel Type

8.1. Introduction

8.2. Small

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. Medium

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

8.4. Large

8.4.1. Market Estimates & Forecast, 2020–2027

8.4.2. Market Estimates & Forecast, by Region, 2020–2027

9. Global Degaussing System Market, by End User

9.1. Introduction

9.2. OEM

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. Aftermarket

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

9.4. Services

9.4.1. Market Estimates & Forecast, 2020–2027

9.4.2. Market Estimates & Forecast, by Region, 2020–2027

10. Global Degaussing System Market, by Region

10.1. Introduction

10.2. North America

10.2.1. Market Estimates & Forecast, by Country, 2020–2027

10.2.2. Market Estimates & Forecast, by Solution, 2020–2027

10.2.3. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.2.4. Market Estimates & Forecast, by End User, 2020–2027

10.2.5. US

10.2.5.1. Market Estimates & Forecast, by Solution, 2020–2027

10.2.5.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.2.5.3. Market Estimates & Forecast, by End User, 2020–2027

10.2.6. Canada

10.2.6.1. Market Estimates & Forecast, by Solution, 2020–2027

10.2.6.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.2.6.3. Market Estimates & Forecast, by End User, 2020–2027

10.3. Europe

10.3.1. Market Estimates & Forecast, by Country, 2020–2027

10.3.2. Market Estimates & Forecast, by Solution, 2020–2027

10.3.3. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.4. Market Estimates & Forecast, by End User, 2020–2027

10.3.5. UK

10.3.5.1. Market Estimates & Forecast, by Solution, 2020–2027

10.3.5.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.5.3. Market Estimates & Forecast, by End User, 2020–2027

10.3.6. Germany

10.3.6.1. Market Estimates & Forecast, by Solution, 2020–2027

10.3.6.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.6.3. Market Estimates & Forecast, by End User, 2020–2027

10.3.7. France

10.3.7.1. Market Estimates & Forecast, by Solution, 2020–2027

10.3.7.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.7.3. Market Estimates & Forecast, by End User, 2020–2027

10.3.8. Russia

10.3.8.1. Market Estimates & Forecast, by Solution, 2020–2027

10.3.8.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.8.3. Market Estimates & Forecast, by End User, 2020–2027

10.3.9. Rest of Europe

10.3.9.1. Market Estimates & Forecast, by Solution, 2020–2027

10.3.9.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.3.9.3. Market Estimates & Forecast, by End User, 2020–2027

10.4. Asia-Pacific

10.4.1. Market Estimates & Forecast, by Country, 2020–2027

10.4.2. Market Estimates & Forecast, by Solution, 2020–2027

10.4.3. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.4. Market Estimates & Forecast, by End User, 2020–2027

10.4.5. China

10.4.5.1. Market Estimates & Forecast, by Solution, 2020–2027

10.4.5.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.5.3. Market Estimates & Forecast, by End User, 2020–2027

10.4.6. Japan

10.4.6.1. Market Estimates & Forecast, by Solution, 2020–2027

10.4.6.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.6.3. Market Estimates & Forecast, by End User, 2020–2027

10.4.7. India

10.4.7.1. Market Estimates & Forecast, by Solution, 2020–2027

10.4.7.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.7.3. Market Estimates & Forecast, by End User, 2020–2027

10.4.8. Australia

10.4.8.1. Market Estimates & Forecast, by Solution, 2020–2027

10.4.8.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.8.3. Market Estimates & Forecast, by End User, 2020–2027

10.4.9. Rest of Asia-Pacific

10.4.9.1. Market Estimates & Forecast, by Solution, 2020–2027

10.4.9.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.4.9.3. Market Estimates & Forecast, by End User, 2020–2027

10.5. Rest of the World

10.5.1. Market Estimates & Forecast, by Region, 2020–2027

10.5.2. Market Estimates & Forecast, by Solution, 2020–2027

10.5.3. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.5.4. Market Estimates & Forecast, by End User, 2020–2027

10.5.5. Latin America

10.5.5.1. Market Estimates & Forecast, by Solution, 2020–2027

10.5.5.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.5.5.3. Market Estimates & Forecast, by End User, 2020–2027

10.5.6. Middle East & Africa

10.5.6.1. Market Estimates & Forecast, by Solution, 2020–2027

10.5.6.2. Market Estimates & Forecast, by Vessel Type, 2020–2027

10.5.6.3. Market Estimates & Forecast, by End User, 2020–2027

11. Competitive Landscape

11.1. Competitive Scenario

11.2. Competitive Overview

11.3. Competitive Benchmarking

11.4. Market Share Analysis

12. Company Profiles

12.1. American Superconductor

12.1.1. Company Overview

12.1.2. Product Offering

12.1.3. Financial Overview

12.1.4. Key Developments

12.1.5. Swot Analysis

12.1.6. Strategy

12.2. Groupe Gorge

12.2.1. Company Overview

12.2.2. Product Offering

12.2.3. Financial Overview

12.2.4. Key Developments

12.2.5. Swot Analysis

12.2.6. Strategy

12.3. IFEN SpA

12.3.1. Company Overview

12.3.2. Product Offering

12.3.3. Financial Overview

12.3.4. Key Developments

12.3.5. Swot Analysis

12.3.6. Strategy

12.4. LARSEN & TOUBRO LIMITED

12.4.1. Company Overview

12.4.2. Product Offering

12.4.3. Financial Overview

12.4.4. Key Developments

12.4.5. Swot Analysis

12.4.6. Strategy

12.5. L3 Technologies, Inc.

12.5.1. Company Overview

12.5.2. Product Offering

12.5.3. Financial Overview

12.5.4. Key Developments

12.5.5. Swot Analysis

12.5.6. Strategy

12.6. Polyamp AB

12.6.1. Company Overview

12.6.2. Product Offering

12.6.3. Financial Overview

12.6.4. Key Developments

12.6.5. Swot Analysis

12.6.6. Strategy

12.7. STL Systems AG

12.7.1. Company Overview

12.7.2. Product Offering

12.7.3. Financial Overview

12.7.4. Key Developments

12.7.5. Swot Analysis

12.7.6. Strategy

12.8. Surma Ltd

12.8.1. Company Overview

12.8.2. Product Offering

12.8.3. Financial Overview

12.8.4. Key Developments

12.8.5. Swot Analysis

12.8.6. Strategy

12.9. Ultra Electronics

12.9.1. Company Overview

12.9.2. Product Offering

12.9.3. Financial Overview

12.9.4. Key Developments

12.9.5. Swot Analysis

12.9.6. Strategy

12.10. Wartsila

12.10.1. Company Overview

12.10.2. Product Offering

12.10.3. Financial Overview

12.10.4. Key Developments

12.10.5. Swot Analysis

12.10.6. Strategy


List of Tables

Table 1 Global Degaussing System Market, by Region, 2020–2027

Table 2 North America: Degaussing System Market, by Country, 2020–2027

Table 3 Europe: Degaussing System Market, by Country, 2020–2027

Table 4 Asia-Pacific: Degaussing System Market, by Country, 2020–2027

Table 5 Rest of the World: Degaussing System Market, by Region, 2020–2027

Table 6 Global Degaussing System, Solution Market, by Region, 2020–2027

Table 7 North America: Degaussing System, Solution Market, by Country, 2020–2027

Table 8 Europe: Degaussing System, Solution Market, by Country, 2020–2027

Table 9 Asia-Pacific: Degaussing System, Solution Market, by Country, 2020–2027

Table 10 Rest of the World: Degaussing System, Solution Market, by Region, 2020–2027

Table 11 Global Degaussing System Vessel Type Market, by Region, 2020–2027

Table 12 North America: Degaussing System Vessel Type Market, by Country, 2020–2027

Table 13 Europe: Degaussing System Vessel Type Market, by Country, 2020–2027

Table 14 Asia-Pacific: Degaussing System Vessel Type Market, by Country, 2020–2027

Table 15 Rest of the World: Degaussing System Vessel Type Market, by Region, 2020–2027

Table 16 Global Degaussing System End User Market, by Region, 2020–2027

Table 17 North America: Degaussing System End User Market, by Country, 2020–2027

Table 18 Europe: Degaussing System End User Market, by Country, 2020–2027

Table 19 Asia-Pacific: Degaussing System End User Market, by Country, 2020–2027

Table 20 Rest of the World: Degaussing System End User Market, by Region, 2020–2027

Table 21 Global Degaussing System Market, by Region, 2020–2027

Table 22 Global Degaussing System Market, by Solution, 2020–2027

Table 23 Global Degaussing System Market, by Vessel Type, 2020–2027

Table 24 Global Degaussing System Market, by End User, 2020–2027

Table 25 North America: Degaussing System Market, by Country, 2020–2027

Table 26 North America: Degaussing System Market, by Solution, 2020–2027

Table 27 North America: Degaussing System Market, by Vessel Type, 2020–2027

Table 28 North America: Degaussing System Market, by End User, 2020–2027

Table 29 Europe: Degaussing System Market, by Country, 2020–2027

Table 30 Europe: Degaussing System Market, by Solution, 2020–2027

Table 31 Europe: Degaussing System Market, by Vessel Type, 2020–2027

Table 32 Europe: Degaussing System Market, by End User, 2020–2027

Table 33 Asia-Pacific: Degaussing System Market, by Country, 2020–2027

Table 34 Asia-Pacific: Degaussing System Market, by Solution, 2020–2027

Table 35 Asia-Pacific: Degaussing System Market, by Vessel Type, 2020–2027

Table 36 Asia-Pacific: Degaussing System Market, by End User, 2020–2027

Table 37 Rest of the World: Degaussing System Market, by Region, 2020–2027

Table 38 Rest of the World: Degaussing System Market, by Solution, 2020–2027

Table 39 Rest of the World: Degaussing System Market, by Vessel Type, 2020–2027

Table 40 Rest of the World: Degaussing System Market, by End User, 2020–2027

List Of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Degaussing System Market Share, by Solution, 2020 (%)

FIGURE 9 Global Degaussing System Market, by Solution, 2020–2027 (USD Million)

FIGURE 10 Global Degaussing System Market Share, by Vessel Type, 2020 (%)

FIGURE 11 Global Degaussing System Market, by Vessel Type, 2020–2027 (USD Million)

FIGURE 12 Global Degaussing System Market Share, by End User, 2020 (%)

FIGURE 13 Global Degaussing System Market, by End User, 2020–2027 (USD Million)

FIGURE 14 Global Degaussing System Market Share (%), By Region, 2020

FIGURE 15 Global Degaussing System Market, by Region, 2020–2027 (USD Million)

FIGURE 16 North America: Degaussing System Market Share (%), 2020

FIGURE 17 North America: Degaussing System Market by Country, 2020–2027 (USD Million)

FIGURE 18 Europe: Degaussing System Market Share (%), 2020

FIGURE 19 Europe: Degaussing System Market by Country, 2020–2027 (USD Million)

FIGURE 20 Asia-Pacific: Degaussing System Market Share (%), 2020

FIGURE 21 Asia-Pacific: Degaussing System Market by Country, 2020–2027 (USD Million)

FIGURE 22 Rest of the World: Degaussing System Market Share (%), 2020

FIGURE 23 Rest of the World: Degaussing System Market by Region, 2020–2027 (USD Million)