TMCnet News

$793.3 Million Worldwide Degaussing Systems Industry to 2030 - Surging Defense (Navy) Spending Supports Drive Growth in the Degaussing System Market
[February 09, 2023]

$793.3 Million Worldwide Degaussing Systems Industry to 2030 - Surging Defense (Navy) Spending Supports Drive Growth in the Degaussing System Market

DUBLIN, Feb. 9, 2023 /PRNewswire/ -- The "Degaussing Systems - Global Strategic Business Report" report has been added to's offering.

Research and Markets Logo


The global market for Degaussing Systems estimated at US$672.3 Million in the year 2022, is projected to reach a revised size of US$793.3 Million by 2030, growing at a CAGR of 2.1% over the analysis period 2022-2030.

Degaussing, one of the segments analyzed in the report, is projected to record a 1.8% CAGR and reach US$366.8 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Ranging segment is readjusted to a revised 3.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $183.2 Million, While China is Forecast to Grow at 3.5% CAGR

The Degaussing Systems market in the U.S. is estimated at US$183.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$148.8 Million by the year 2030 trailing a CAGR of 3.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$99.2 Million by the year 2030.

Select Competitors (Total 12 Featured) -

  • American Superconductor Corporation
  • Dayatech Merin Sdn Bhd.
  • ECA Group
  • Ifen S.P.A.
  • L3 Technologies, Inc.
  • Larsen & Toubro Ltd.
  • Polyamp AB
  • STL Systems AG
  • Surma Ltd
  • Ultra Electronics Holdings PLC
  • Wartsila Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:




  • Influencer Market Insights
  • Degaussing System Market: Prelude
  • Degaussing Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Rising Significance of Degaussing Systems in Naval Warfare
  • Surging Defense (Navy) Spending Supports Drive Growth in the Degaussing System Market
  • Military Expenditure Worldwide in US$ Billion for the Years 2000 through 2018
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2018
  • With Territorial Disputes in South China Sea Driving Spending on Naval Vessels, Demand Rises for Degaussing Systems
  • Growing Maritime Warfare Exercises Present Growth Opportunity for the Market
  • Technology Advancements Fuel Growth in the Degaussing Equipment Market
  • Challenges Confronting Degaussing Market




For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716


Cision View original content:

SOURCE Research and Markets

[ Back To's Homepage ]