PUNE, India, June 29, 2018 /PRNewswire/ —
According to the new market research report on “Degaussing System Market by Solution (Degaussing, Ranging, Deperming), End User (OEM, Services, Aftermarket), Vessel Type (MCMV, OPV, FAC, Submarines, Frigates, Corvettes, Destroyers, Aircraft Carriers, Amphibious), and Region – Global Forecast to 2023”, published by MarketsandMarkets™, the market is estimated to be USD 809.7 million in 2018 and is projected to reach USD 981.2 million by 2023, at a CAGR of 3.92% from 2018 to 2023. Factors such as increasing importance of degaussing system in naval warfare, technological advancement in degaussing equipment, and increasing defense budgets are driving the degaussing system market.
eTN Chatroom for Readers (join us)
Browse 93 market data Tables and 38 Figures spread through 138 Pages and in-depth TOC on “Degaussing System Market – Global Forecast to 2023“
Early buyers will receive 10% customization on this report
Based on end user, the OEM segment is projected to grow at the highest CAGR during the forecast period.
Based on end user, the OEM segment of the degaussing system market is projected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to the rise in the delivery of new ships worldwide.
Based on vessel type, the submarines segment is estimated to lead the degaussing system market in 2018.
Based on vessel type, the submarines segment is estimated to lead the degaussing system market in 2018. The growth of the submarines segment can be attributed to the need to protect submarines from enemy mines placed underwater by carrying out degaussing activities to completely demagnetize their magnetic signatures.
Based on solution, the ranging segment is expected to witness the highest growth during the forecast period.
Based on solution, the ranging segment of the degaussing system market is projected to grow at the highest CAGR during the forecast period. The growth of the degaussing segment is primarily driven by the increasing adoption of this systems in new and old vessels to protect them from enemy mines.
Ask for PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=212277118
The degaussing system market in North America is expected to witness the highest growth during the forecast period.
The degaussing system market in North America is projected to grow at the highest CAGR from 2018 to 2023 The rise in defense spending in North America is one of the most significant factors contributing to the increased demand for degaussing systems in the region. In addition, need to protect combat and surface vessels from new and leftover enemy mines are additional factors driving the degaussing system market in North America.
Major companies profiled in the degaussing system market report include L&T (India), Polyamp (Sweden), ECA (France), Ultra Electronic (UK), Ifen SpA (Italy), Dayatech Merin (Malaysia), AMSC (US), STL System AG (Switzerland), and Surma LTD. (Switzerland), among others.
Know more about the Degaussing System Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets
To post and circulate your own press release on FIR and the eTN Network please click here