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With a predicted CAGR of 5.60 percent from 2024 to 2031, the Degaussing System Market is expected to increase from 621.62 million USD in 2024 to 804.22 million USD in 2031.
If your computer, hard drive, cassette/cartridge tape, diskette, or reel contains an undesired magnetic field, a degaussing equipment can help you get rid of it. The magnetic data stored on a hard drive or cassette is either neutralized or wiped when it comes into contact with the intense degausser field. To further lessen the magnetic signature of the vessel, degaussing devices are incorporated into both new and old warships. A massive floating magnet encircled by a strong magnetic field is also metaphorical of a steel-hulled ship.
The ship's own magnetic field fluctuates as it navigates the sea, adding or subtracting from the Earth's magnetic field. The ship could end up acting as a trigger for magnetically sensitive weapons as a result of this warping effect on the Earth's magnetic field. Additionally, a degaussing control unit (DCU) is installed on the ship to monitor and manage the current through the degaussing coil, and compass compensating components are used to ensure that the degaussing coil's magnetic field does not interfere with the ship's magnetic compasses.
Numerous businesses have closed their doors as a result of the COVID-19 pandemic lockdown that has been declared by the governments of all the main nations. The production of defense equipment has been impacted by this. Also, the demand for degaussing systems has been hit since several nations have cut their defense budgets in response to the economic slump and increased focus on health budgets. In addition, the raw materials needed to manufacture the degaussing equipment were unavailable because of the lockdown. Furthermore, the degaussing system's necessary labor was unavailable because of social separation and travel restriction rules. Although the defense industry, which is always adapting, suffered a little setback as a result of the pandemic, it is anticipated to bounce back and propel the degaussing system market's growth in the aftermath of the crisis.
Degaussing systems utilized by the maritime sector were adversely affected by the COVID-19 outbreak. The calibration and maintenance of these systems on ships were postponed due to supply chain interruptions and lockdowns. The risk of magnetic interference rose due to the decreased availability of crew members and safety concerns, which prevented frequent inspections. Also, sending technicians out to install or fix systems was a challenge due to travel limitations. The effectiveness of degaussing equipment was weakened, putting marine security during the pandemic at risk. These systems are important for safeguarding vessels against magnetic mines and ensuring safe navigation.
As a result of initiatives to modernize naval forces around the world, the degaussing system sector is booming. Many nations are purchasing sophisticated degaussing equipment to combat magnetic mines and ensure the safety of their naval forces. These devices improve navy ships' capacity to survive in dangerous settings by reducing their magnetic signatures. The need to safeguard naval assets and guarantee the security of marine operations is a strategic objective that drives the demand for contemporary degaussing technology.
Naval tactics, or the art of winning fights at sea, is distinct from naval strategy. At its core, naval warfare revolves around the idea of the battlespace surrounding the naval force, where the commander can be certain that threats can be properly spotted, tracked, engaged, and destroyed. Because of their visibility and magnetic signatures, they are able to identify ships and battleships. Submarines are a prime target for strategic mining operations due to their submerged nature. The good news is that this vulnerability has resulted in a demand for degaussing and deperming devices, which aim to remove the magnetic traces that submarines leave behind. More degaussing and deperming equipment is required since several emerging nations, such as South Korea, the Republic of China, and India, have received submarine vehicles in the past several years. Plans to acquire six conventional submarines were finally announced by the Indian defense minister in June 2021. It is anticipated that this proposed strategy will instigate competition among prominent shipbuilders, including Mazagon Dock Shipwrights Limited (India) and Larsen & Toubro Ltd. of India.
Demand for degaussing devices, which may reduce or erase a ship's magnetic signature, has increased in tandem with the number and complexity of naval maneuvers and exercises. Indeed, degaussing devices have grown in significance as countries across the globe bolster their naval forces and conduct realistic war drills. The purpose of these technologies is to make the ship less vulnerable to adversary detecting tactics, such as magnetic mines. Despite this expansion, the market still has several obvious limitations. Bumpy roads Installing and maintaining cutting-edge degaussing technology is expensive, and there are a lot of steps involved in integrating them with different naval platforms. However, governments and defense organizations are faced with the challenge of balancing fiscal conservatism with the necessity to modernize the navy. This impacts the rate of degaussing technology adoption within the nautical community.
Report Coverage
Global Degaussing System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Degaussing System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Degaussing System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Degaussing System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Degaussing System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Degaussing System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ultra Electronics Holdings PLC, American Superconductor Corporation, Surma LTD., L3Harris Technologies Inc., Polyamp AB, Ifen SpA, Larsen & Toubro Ltd., STL System AG, ECA Group, Dayatech Merin
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Degaussing System market based on the below-mentioned segments:
Global Degaussing System Market, By Vessel Type
MCMV
OPV
FAC
Submarines
Frigates
Corvettes
Destroyers
Aircraft Carriers
Amphibious
Global Degaussing System market, By Application
External
Shipborne
Global Degaussing System Market, By End User
OEM
Services
Aftermarket
Global Degaussing System market, Regional Analysis
If your computer, hard drive, cassette/cartridge tape, diskette, or reel contains an undesired magnetic field, a degaussing equipment can help you get rid of it. The magnetic data stored on a hard drive or cassette is either neutralized or wiped when it comes into contact with the intense degausser field. To further lessen the magnetic signature of the vessel, degaussing devices are incorporated into both new and old warships. A massive floating magnet encircled by a strong magnetic field is also metaphorical of a steel-hulled ship.
The ship's own magnetic field fluctuates as it navigates the sea, adding or subtracting from the Earth's magnetic field. The ship could end up acting as a trigger for magnetically sensitive weapons as a result of this warping effect on the Earth's magnetic field. Additionally, a degaussing control unit (DCU) is installed on the ship to monitor and manage the current through the degaussing coil, and compass compensating components are used to ensure that the degaussing coil's magnetic field does not interfere with the ship's magnetic compasses.
Numerous businesses have closed their doors as a result of the COVID-19 pandemic lockdown that has been declared by the governments of all the main nations. The production of defense equipment has been impacted by this. Also, the demand for degaussing systems has been hit since several nations have cut their defense budgets in response to the economic slump and increased focus on health budgets. In addition, the raw materials needed to manufacture the degaussing equipment were unavailable because of the lockdown. Furthermore, the degaussing system's necessary labor was unavailable because of social separation and travel restriction rules. Although the defense industry, which is always adapting, suffered a little setback as a result of the pandemic, it is anticipated to bounce back and propel the degaussing system market's growth in the aftermath of the crisis.
Degaussing systems utilized by the maritime sector were adversely affected by the COVID-19 outbreak. The calibration and maintenance of these systems on ships were postponed due to supply chain interruptions and lockdowns. The risk of magnetic interference rose due to the decreased availability of crew members and safety concerns, which prevented frequent inspections. Also, sending technicians out to install or fix systems was a challenge due to travel limitations. The effectiveness of degaussing equipment was weakened, putting marine security during the pandemic at risk. These systems are important for safeguarding vessels against magnetic mines and ensuring safe navigation.
As a result of initiatives to modernize naval forces around the world, the degaussing system sector is booming. Many nations are purchasing sophisticated degaussing equipment to combat magnetic mines and ensure the safety of their naval forces. These devices improve navy ships' capacity to survive in dangerous settings by reducing their magnetic signatures. The need to safeguard naval assets and guarantee the security of marine operations is a strategic objective that drives the demand for contemporary degaussing technology.
Naval tactics, or the art of winning fights at sea, is distinct from naval strategy. At its core, naval warfare revolves around the idea of the battlespace surrounding the naval force, where the commander can be certain that threats can be properly spotted, tracked, engaged, and destroyed. Because of their visibility and magnetic signatures, they are able to identify ships and battleships. Submarines are a prime target for strategic mining operations due to their submerged nature. The good news is that this vulnerability has resulted in a demand for degaussing and deperming devices, which aim to remove the magnetic traces that submarines leave behind. More degaussing and deperming equipment is required since several emerging nations, such as South Korea, the Republic of China, and India, have received submarine vehicles in the past several years. Plans to acquire six conventional submarines were finally announced by the Indian defense minister in June 2021. It is anticipated that this proposed strategy will instigate competition among prominent shipbuilders, including Mazagon Dock Shipwrights Limited (India) and Larsen & Toubro Ltd. of India.
Demand for degaussing devices, which may reduce or erase a ship's magnetic signature, has increased in tandem with the number and complexity of naval maneuvers and exercises. Indeed, degaussing devices have grown in significance as countries across the globe bolster their naval forces and conduct realistic war drills. The purpose of these technologies is to make the ship less vulnerable to adversary detecting tactics, such as magnetic mines. Despite this expansion, the market still has several obvious limitations. Bumpy roads Installing and maintaining cutting-edge degaussing technology is expensive, and there are a lot of steps involved in integrating them with different naval platforms. However, governments and defense organizations are faced with the challenge of balancing fiscal conservatism with the necessity to modernize the navy. This impacts the rate of degaussing technology adoption within the nautical community.
Report Coverage
Global Degaussing System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Degaussing System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Degaussing System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Degaussing System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ultra Electronics Holdings PLC, American Superconductor Corporation, Surma LTD., L3Harris Technologies Inc., Polyamp AB, Ifen SpA, Larsen & Toubro Ltd., STL System AG, ECA Group, Dayatech Merin |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Degaussing System Market from 2021 to 2031.
- Market Forecast for Degaussing System Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Degaussing System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Degaussing System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Degaussing System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Degaussing System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ultra Electronics Holdings PLC, American Superconductor Corporation, Surma LTD., L3Harris Technologies Inc., Polyamp AB, Ifen SpA, Larsen & Toubro Ltd., STL System AG, ECA Group, Dayatech Merin
Primary Target Market
- Market Players of Degaussing System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Degaussing System market based on the below-mentioned segments:
Global Degaussing System Market, By Vessel Type
MCMV
OPV
FAC
Submarines
Frigates
Corvettes
Destroyers
Aircraft Carriers
Amphibious
Global Degaussing System market, By Application
External
Shipborne
Global Degaussing System Market, By End User
OEM
Services
Aftermarket
Global Degaussing System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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