Market Overview:
The global vessel degaussing system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime security and safety measures across the globe. Additionally, the increasing number of seaborne trade and cargo shipments are also contributing to the growth of this market. The global vessel degaussing system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into external degaussing system and shipborne degaussing system. External degaussing systems are used for smaller vessels such as boats, while shipborne systems are used for larger vessels such as ships and submarines. On the basis of application, it is classified into small vessels (less than 500 gross tonnage), medium vessels (500-3999 gross tonnage), and large vessels (4000 or more gross tonnage). Regionally, it is analyzed across North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Some key players in this market include General Dynamics Corporation (U.S.), SAAB AB (Sweden), L-3 Communications Holdings Inc.(U.S.), Ultra Electronics Holdings plc.(U.K.
Product Definition:
A vessel degaussing system, also known as a degausser, is a device used to reduce or eliminate the magnetic field of an object. The purpose of a vessel degaussing system is to protect naval vessels from magnetic mines.
External Degaussing System:
External degaussing system is used to remove the magnetic effects from a vessel's surface. It uses an electrical current passed through the liquid to cancel out the magnetic field. The system works by creating a large electric arc in water near the ship’s hull, this electric arc acts as an anti-magnetic shield for cancelling out any magnetic fields that may be present on or near to the hull of a vessel.
Shipborne Degaussing System:
A shipborne degaussing system is a device used for the removal of magnetic fields from a vessel. It is mainly used to protect ships from Magnetic Anomalies (MA) and Magnetic Disturbances (MD). A MD can be described as an area of high magnetic field strength, which can occur anywhere but mostly near the surface of the water.
Application Insights:
The large vessels segment held the largest market share in 2017. The growth of this segment can be attributed to the rise in demand for de-magnetized ships, which are used for various applications including offshore oil exploration and marine maintenance. Vessels larger than 20,000 tons are usually equipped with degaussing systems as they carry more electrical equipment and generate more magnetic fields.
Medium vessel application is expected to witness significant growth over the forecast period owing to rising demand from emerging economies such as India, China and Brazil for their domestic shipping industry. In addition, increasing penetration of degaussing systems in medium vessels on account of growing awareness about safety is likely to drive product demand over the next seven years. Medium vessel includes bulk carriers, container ships and tankers among others while large vessel comprises any ship above 1,500 tons burden (TEU).
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to increasing cases of cyber-attacks and data theft at sea. The U.S. is one of the most affected countries in terms of cyber-attacks at sea, which has led it to adopt degaussing systems for its vessels in order to safeguard its maritime interests and national security interests from any potential damage caused by these attacks.
Growth Factors:
- Increasing demand for maritime security
- Growing awareness about the benefits of degaussing systems
- Rising number of merchant vessels and naval ships
- Technological advancements in degaussing systems
- Stringent safety and security regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Degaussing System Market Research Report
By Type
External Degaussing System, Shipborne Degaussing System
By Application
Small Vessels, Medium Vessels, Large Vessels
By Companies
Larsen & Turbo, Polyamp, Wartsila, Ultra Electronics, ECA Group, IFEN, Dayatech Merin, American Superconductor, STL Systems, Surma, L3 Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Degaussing System Market Report Segments:
The global Vessel Degaussing System market is segmented on the basis of:
Types
External Degaussing System, Shipborne Degaussing System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Vessels, Medium Vessels, Large Vessels
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Larsen & Turbo
- Polyamp
- Wartsila
- Ultra Electronics
- ECA Group
- IFEN
- Dayatech Merin
- American Superconductor
- STL Systems
- Surma
- L3 Technologies
Highlights of The Vessel Degaussing System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- External Degaussing System
- Shipborne Degaussing System
- By Application:
- Small Vessels
- Medium Vessels
- Large Vessels
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vessel Degaussing System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vessel degaussing system is a device that uses an electric current to remove magnetic fields from metal objects. This system is used to protect ships and other vessels from the harmful effects of magnetic fields.
Some of the major companies in the vessel degaussing system market are Larsen & Turbo, Polyamp, Wartsila, Ultra Electronics, ECA Group, IFEN, Dayatech Merin, American Superconductor, STL Systems, Surma, L3 Technologies.
The vessel degaussing system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vessel Degaussing System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vessel Degaussing System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vessel Degaussing System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vessel Degaussing System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vessel Degaussing System Market Size & Forecast, 2018-2028
4.5.1 Vessel Degaussing System Market Size and Y-o-Y Growth
4.5.2 Vessel Degaussing System Market Absolute $ Opportunity
Chapter 5 Global Vessel Degaussing System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vessel Degaussing System Market Size Forecast by Type
5.2.1 External Degaussing System
5.2.2 Shipborne Degaussing System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vessel Degaussing System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vessel Degaussing System Market Size Forecast by Applications
6.2.1 Small Vessels
6.2.2 Medium Vessels
6.2.3 Large Vessels
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vessel Degaussing System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vessel Degaussing System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vessel Degaussing System Analysis and Forecast
9.1 Introduction
9.2 North America Vessel Degaussing System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vessel Degaussing System Market Size Forecast by Type
9.6.1 External Degaussing System
9.6.2 Shipborne Degaussing System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vessel Degaussing System Market Size Forecast by Applications
9.10.1 Small Vessels
9.10.2 Medium Vessels
9.10.3 Large Vessels
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vessel Degaussing System Analysis and Forecast
10.1 Introduction
10.2 Europe Vessel Degaussing System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vessel Degaussing System Market Size Forecast by Type
10.6.1 External Degaussing System
10.6.2 Shipborne Degaussing System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vessel Degaussing System Market Size Forecast by Applications
10.10.1 Small Vessels
10.10.2 Medium Vessels
10.10.3 Large Vessels
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vessel Degaussing System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vessel Degaussing System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vessel Degaussing System Market Size Forecast by Type
11.6.1 External Degaussing System
11.6.2 Shipborne Degaussing System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vessel Degaussing System Market Size Forecast by Applications
11.10.1 Small Vessels
11.10.2 Medium Vessels
11.10.3 Large Vessels
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vessel Degaussing System Analysis and Forecast
12.1 Introduction
12.2 Latin America Vessel Degaussing System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vessel Degaussing System Market Size Forecast by Type
12.6.1 External Degaussing System
12.6.2 Shipborne Degaussing System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vessel Degaussing System Market Size Forecast by Applications
12.10.1 Small Vessels
12.10.2 Medium Vessels
12.10.3 Large Vessels
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vessel Degaussing System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vessel Degaussing System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vessel Degaussing System Market Size Forecast by Type
13.6.1 External Degaussing System
13.6.2 Shipborne Degaussing System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vessel Degaussing System Market Size Forecast by Applications
13.10.1 Small Vessels
13.10.2 Medium Vessels
13.10.3 Large Vessels
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vessel Degaussing System Market: Competitive Dashboard
14.2 Global Vessel Degaussing System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Larsen & Turbo
14.3.2 Polyamp
14.3.3 Wartsila
14.3.4 Ultra Electronics
14.3.5 ECA Group
14.3.6 IFEN
14.3.7 Dayatech Merin
14.3.8 American Superconductor
14.3.9 STL Systems
14.3.10 Surma
14.3.11 L3 Technologies
