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Global Degaussing System Market Overview & Outlook 2018-2023: Increase in Maritime Warfare Exercises - ResearchAndMarkets.comThe "Degaussing System Market by Solution, End User, Vessel Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The degaussing system 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. Degaussing systems are installed in existing and new warships to reduce the magnetic signature of vessels. Thus, there has been an increasing demand for the installation of degaussing systems in existing and new naval fleets. In addition, the rise in defense spending has propelled the procurement of degaussing systems by countries worldwide, which, in turn, is expected to influence the growth of the degaussing system market. Based on solution, the ranging solution segment is projected at the highestCAGR 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. Market Dynamics Drivers
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Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Regional Analysis 7 Degaussing System Market, By Vessel Type 8 Degaussing System Market, By Solution 9 Degaussing System Market, By End User 10 Regional Analysis 11 Competitive Landscape 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/t3z84h/global_degaussing?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180705005549/en/ |