Degaussing system is used to reduce or eliminate unwanted magnetic field which is stored in computer, hard drives, cassettes and cartridge tapes, diskettes, or reels. When it is visible to the powerful magnetic field of degausser, the magnetic data of hard disk or tape is either neutralizes or gets erased. Moreover, degaussing systems are installed in existing and new warships to reduce the magnetic signature of vessel. Furthermore, a steel-hulled ship refers to a huge floating magnet surrounded by a large magnetic field. When the ship travels through the water, the magnetic field around the ship also moves and adds or subtracts from the magnetic field of the Earth. Due to this distortion effect on the magnetic field of the Earth, the ship may turn as trigger device for the magnetic sensitive ordnance. In addition, degaussing ship installation comprises of fitting degaussing coil, a degaussing control unit (DCU) for controlling and monitoring the coil current, and compass compensating components to avoid the disruption of magnetic compasses by the degaussing coil’s magnetic field.
Get Sample PDF@ https://www.alliedmarketresearch.com/request-sample/14852
Major Market Players:
Larsen & Toubro Ltd., ECA Group, Ifen SpA, Dayatech Merin, STL System AG, Surma LTD., L3Harris Technologies Inc., Ultra Electronics Holdings PLC, Polyamp AB, and American Superconductor Corporation
Due to COVID-19 pandemic government across the all the major countries have announced lockdown leading to various business shutdowns. This has led to disruption in manufacturing of defense equipment. Moreover, due to economic slowdown and more focus on health budget many countries have reduced their defense budget thus affecting the demand for degaussing system. Furthermore, due lockdown there was unavailability of raw materials required for manufacturing of degaussing system. In addition, due to social distancing & travelling restriction norms there was unavailability of labour required for production of degaussing system. Defense is an evolving sector which had a slight setback due to the pandemic, but it is expected to recover post pandemic and drive growth of degaussing system market.
Top Impacting Factors
- Rise in importance of degaussing systems in naval warfare, rise in government investment in military & defense, and rise in R&D for new technology is expected to drive growth of the market.
- However, rise in use of composite material in warship and high cost of retrofit, installation, & calibration services can hamper growth the market.
- Moreover, rise in technological advancement in degaussing equipment, rise in maritime warfare exercise, and rise in demand for safety & security of the equipment can act as an opportunity for growth of the market.
- Aircraft Carriers
The navy ships are equipped with various electronic systems which are sensitive to magnetic field and might malfunction due presence of magnetic field. Thus, to protect these systems with uninterrupted functioning has increased the importance of degaussing system submersible vehicle. However, it provides new opportunities for the naval architect for designing the advance degaussing systems. Moreover, increase in warfare threat will help to enhance the market growth. For instance, in 2019 global energy solutions provider AMSC entered into a delivery contract with the U.S. Navy to supply ship protection degaussing system for USS Fort Lauderdale. Furthermore, in 2019, Huntington Ingalls Industries selected AMSC to deliver degaussing system for San Antonio-class ship. In addition, in 2017, the ECA Group received a contract worth USD 7.9 million from an unnamed Asian military to supply degaussing systems and magnetic ranging systems. Therefore, the demand of degaussing system in naval warfare is expected to drive growth of degaussing system market.
Questions answered in the degaussing system market research report:
- Which are the leading market players active in the degaussing system market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the degaussing system market?
- What are the projections for the future that would help in taking further strategic steps?
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.