Navigating Naval Stealth: Degaussing System Market Poised for Strategic Growth
As global naval forces adapt to modern threats and technologies, stealth and survivability are becoming top priorities in defense strategy. One of the lesser-known yet critical technologies supporting naval stealth is the degaussing system. Designed to reduce a ship’s magnetic signature, these systems protect naval vessels from magnetic mines, torpedoes, and detection by enemy forces. According to a recent market study, the Degaussing System Market is set to witness significant growth due to increasing maritime security concerns, defense modernization efforts, and the rise in naval procurement across the globe.
Degaussing System Market Size was valued at USD 5.7 billion in 2022. The degaussing system market industry is projected to grow from USD 5.9 Billion in 2023 to USD 7.45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.91% during the forecast period (2024 - 2030). This growth trajectory is influenced by the rising deployment of naval fleets, particularly…