Home > Aerospace & Defense > Defense and Safety > Degaussing System Market

Degaussing System Market Share

Report ID: GMI7023
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Degaussing System Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players are also heavily investing in R&D to introduce innovative and technologically advanced solutions in the degaussing system industry. Some major players operating in the degaussing system industry are mentioned below:

Wartsila
Larsen & Turbo Limited
Ultra Electronics Holdings Plc
L3Harris Technologies Inc.
American Superconductor Corporation
Polyamp
Dayatech Merin

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for degaussing system was valued at over USD 587.3 million in 2022 and is anticipated to grow at a CAGR of over 4.5% between 2023 and 2032, favored by its increasing importance in naval warfare.

The degaussing coils segment held a market share of over 25% in 2022 as they are essential for effectively reducing the magnetic signatures of ships and submarines.

North America market for degaussing system held a revenue share of over 30% in 2022 and will continue growing through 2032 as the region has a strong emphasis on naval modernization with the U.S. Navy and other maritime defense organizations upgrading their fleets.

Wartsila, Larsen & Turbo Limited, Ultra Electronics Holdings Plc, L3Harris Technologies Inc., American Superconductor Corporation, Polyamp, and Dayatech Merin.