Degaussing System Market worth US$ 981.2 Million by 2023 | L&T, Polyamp, ECA, Ultra Electronic, Ifen SpA, Dayatech Merin, AMSC and Others.

The Global report titled on “Degaussing System Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Degaussing System Market is estimated to be US$ 809.7 Million in 2018 and is projected to reach US$ 981.2 Million by 2023, at a CAGR of 3.92% from 2018 to 2023. This report spread across 138 pages, profiling 13 companies and supported with 93 tables and 38 figures is now available in this research.
Topmost Outstanding Market Players:
• L&T (India)
• Polyamp (Sweden)
• ECA (France)
• Ultra Electronic (UK)
• Ifen SpA (Italy)
• Dayatech Merin (Malaysia)
• AMSC (US)
• STL System AG (Switzerland)
• Surma LTD. (Switzerland)

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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. Degaussing systems are installed in existing and new warships to reduce the magnetic signature of vessels.

“Based on solution, the ranging segment is expected to grow at the highest CAGR from 2018 to 2023.”
Based on solution, the ranging solution segment is projected at the highest CAGR during the forecast period. The growth of the ranging solution segment can be attributed to the increased use of portable ranging devices that are inexpensive and easily available in the market.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%,and Tier 3 – 20%
• By Designation: C Level – 35% and Director Level – 25%, others – 40%
• By Region: Asia – 30%, Europe – 200%, North America – 30%,and RoW – 10% , Middle East – 10%

Competitive Landscape of Degaussing System Market:
1 Introduction
2 Rank Analysis of Key Players in the Degaussing System Market
3 Competitive Scenario
3.1 Contracts
3.2 New Product Launches

Research Coverage:
The research study segments the degaussing system market based on solution (degaussing, ranging, deperming), end user (OEM, services, aftermarket), vessel type (MCMV, OPV, FAC, frigate, submarine, corvettes, destroyers, amphibious, aircraft carriers), and region. These segments and sub segment sare mapped across major regions, namely North America, Europe, Asia, and Rest of the World (RoW).

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This release was published on openPR.