Degaussing System Market Size Growth Analysis 2022

The global degaussing system market size was valued at USD 783.5 billion in 2021 and is poised to grow at a significant CAGR of 3.5% during the forecast period 2022-28. A gigantic floating magnet surrounded by a large magnetic field is referred to as a steel-hulled ship. The magnetic field around the ship moves as it goes through the sea, adding or subtracting from the Earth's magnetic field. The spacecraft might become a trigger device for magnetic sensitive weapons as a result of this distortion effect on the Earth's magnetic field. A degaussing ship installation includes a degaussing coil, a degaussing control unit (DCU) for managing and monitoring the coil current, as well as compass compensating components to prevent the magnetic field of the degaussing coil from disrupting magnetic compasses.