$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 ResearchAndMarkets.com's offering.
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$99.2 Million by the year 2030.
Select Competitors (Total 12 Featured) -
- American Superconductor Corporation
- Dayatech Merin Sdn Bhd.
- ECA Group
- Ifen S.P.A.
- L3 Technologies, Inc.
- Larsen & Toubro Ltd.
- Polyamp AB
- STL Systems AG
- Surma Ltd
- Ultra Electronics Holdings PLC
- Wartsila Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Degaussing System Market: Prelude
- Degaussing Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Significance of Degaussing Systems in Naval Warfare
- Surging Defense (Navy) Spending Supports Drive Growth in the Degaussing System Market
- Military Expenditure Worldwide in US$ 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/aea7q6
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SOURCE Research and Markets
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