The global demand for Magnetometer Market is presumed to reach the market size of nearly USD 7.42 Billion by 2032 from USD 4 Billion in 2023 with a CAGR of 7.12% under the study period 2024-2032.
Magnetometers are used for measuring magnetic fields or magnetic dipole moments. These devices are widely used to detect magnetic anomalies of various types and determine the dipole moment of magnetic materials. Some magnetometers can also measure the direction, strength, or relative change of a magnetic field at a particular location. A compass is an example of a magnetometer that measures the direction of an ambient magnetic field. Magnetometers are commonly used as a heading reference in an aircraft's altitude and heading reference system. Recently, magnetometers have been miniaturized to the extent that they can be incorporated in integrated circuits (ICs) and are increasingly used as miniaturized compasses.
MARKET DYNAMICS
The escalating applications of magnetometers in near-earth geometrics, oil and gas minerals exploration, space exploration, and consumer electronics devices drive the market growth of magnetometers. The rising usage of a magnetometer for detecting the interaction between the magnetic field and the alkali metal atoms and capability for detecting impurities in the magnet will propel the market growth. Massive investment by the key market players in research and development and the increasing production of atomic magnetometers is anticipated to push the market growth of magnetometers. Also, the growing adoption of smartphones and the use of magnetometers in smartphones for navigational purposes will boost the market growth of magnetometers. However, the need to regularly heat the magnetometer sensor vapor cell before performing any operation and the design issues faced by the engineers may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Magnetometer. The growth and trends of Magnetometer industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Magnetometer market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
Others (Oil and Gas Exploration, Joystick and Gimbals, etc.)
By End-use Industry
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Others (Oil and Gas, Research and Academia, etc.)
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Magnetometer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Magnetometer market include Bartington Instruments Ltd, Cryogenic Limited, FOERSTER Holding GmbH, Gem Systems Advanced Magnetometers, Geometrics, Honeywell International Inc, Infineon Technology, Lake Shore Cryotronics Inc., Lockheed Martin Corporation, Marine Magnetics Corp, NXP Semiconductors N.V, Scintrex Limited, Tristan Technologies Inc., VectorNav Technologies. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.3 Market Attractiveness Analysis By Form Factor
3.7.4 Market Attractiveness Analysis By Application
3.7.5 Market Attractiveness Analysis By End-use Industry
3.7.6 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL MAGNETOMETER MARKET ANALYSIS BY TYPE
5.1. Overview By Type
5.2. Historical and Forecast Data Analysis By Type
5.3. Scalar Magnetometer (Proton Precession, Overhauser Effect, Ionized Gas) Historic and Forecast Sales By Regions
5.4. Vector Magnetometer (Fluxgate, SQUID, Magneto Resistive, Others (Search Coil, Rotating Coil, etc.)) Historic and Forecast Sales By Regions
6. GLOBAL MAGNETOMETER MARKET ANALYSIS BY PRODUCT
6.1. Overview By Product
6.2. Historical and Forecast Data Analysis By Product
6.3. Single Axis Historic and Forecast Sales By Regions
6.4. Three Axis Historic and Forecast Sales By Regions
7. GLOBAL MAGNETOMETER MARKET ANALYSIS BY FORM FACTOR
7.1. Overview By Form Factor
7.2. Historical and Forecast Data Analysis By Form Factor
7.3. Fixed Historic and Forecast Sales By Regions
7.4. Portable Historic and Forecast Sales By Regions
8. GLOBAL MAGNETOMETER MARKET ANALYSIS BY APPLICATION
8.1. Overview By Application
8.2. Historical and Forecast Data Analysis By Application
8.3. Space Exploration Historic and Forecast Sales By Regions
8.4. Pedal/Valve Position Sensing Historic and Forecast Sales By Regions
8.5. Healthcare Monitoring Historic and Forecast Sales By Regions
8.6. Archeological Surveys Historic and Forecast Sales By Regions
8.7. Robotics Position Sensing Historic and Forecast Sales By Regions
8.8. Hearable Historic and Forecast Sales By Regions
8.9. Others (Oil and Gas Exploration, Joystick and Gimbals, etc.) Historic and Forecast Sales By Regions
9. GLOBAL MAGNETOMETER MARKET ANALYSIS BY END-USE INDUSTRY
9.1. Overview By End-use Industry
9.2. Historical and Forecast Data Analysis By End-use Industry
9.3. Aerospace & Defense Historic and Forecast Sales By Regions
9.4. Automotive Historic and Forecast Sales By Regions
9.5. Consumer Electronics Historic and Forecast Sales By Regions
9.6. Healthcare Historic and Forecast Sales By Regions
9.7. Industrial Historic and Forecast Sales By Regions
9.8. Others (Oil and Gas, Research and Academia, etc.) Historic and Forecast Sales By Regions
10. GLOBAL MAGNETOMETER MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
10.3.1 Overview, Historic and Forecast Data Sales Analysis
10.3.2 North America By Segment Sales Analysis
10.3.3 North America By Country Sales Analysis
10.3.4 United States Sales Analysis
10.3.5 Canada Sales Analysis
10.3.6 Mexico Sales Analysis
10.4. Europe Sales Analysis
10.4.1 Overview, Historic and Forecast Data Sales Analysis
10.4.2 Europe By Segment Sales Analysis
10.4.3 Europe By Country Sales Analysis
10.4.4 United Kingdom Sales Analysis
10.4.5 France Sales Analysis
10.4.6 Germany Sales Analysis
10.4.7 Italy Sales Analysis
10.4.8 Russia Sales Analysis
10.4.9 Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
10.5.1 Overview, Historic and Forecast Data Sales Analysis
10.5.2 Asia Pacific By Segment Sales Analysis
10.5.3 Asia Pacific By Country Sales Analysis
10.5.4 China Sales Analysis
10.5.5 India Sales Analysis
10.5.6 Japan Sales Analysis
10.5.7 South Korea Sales Analysis
10.5.8 Australia Sales Analysis
10.5.9 South East Asia Sales Analysis
10.5.10 Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
10.6.1 Overview, Historic and Forecast Data Sales Analysis
10.6.2 Latin America By Segment Sales Analysis
10.6.3 Latin America By Country Sales Analysis
10.6.4 Brazil Sales Analysis
10.6.5 Argentina Sales Analysis
10.6.6 Peru Sales Analysis
10.6.7 Chile Sales Analysis
10.6.8 Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
10.7.1 Overview, Historic and Forecast Data Sales Analysis
10.7.2 Middle East & Africa By Segment Sales Analysis
10.7.3 Middle East & Africa By Country Sales Analysis
10.7.4 Saudi Arabia Sales Analysis
10.7.5 UAE Sales Analysis
10.7.6 Israel Sales Analysis
10.7.7 South Africa Sales Analysis
10.7.8 Rest Of Middle East And Africa Sales Analysis
11. COMPETITIVE LANDSCAPE OF THE MAGNETOMETER COMPANIES
11.1. Magnetometer Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12. COMPANY PROFILES OF MAGNETOMETER INDUSTRY
12.1. Top Companies Market Share Analysis
12.2. Market Concentration Rate
12.3. Bartington Instruments Ltd
12.3.1 Company Overview
12.3.2 Company Revenue
12.3.3 Products
12.3.4 Recent Developments
12.4. Cryogenic Limited
12.4.1 Company Overview
12.4.2 Company Revenue
12.4.3 Products
12.4.4 Recent Developments
12.5. FOERSTER Holding GmbH
12.5.1 Company Overview
12.5.2 Company Revenue
12.5.3 Products
12.5.4 Recent Developments
12.6. Gem Systems Advanced Magnetometers
12.6.1 Company Overview
12.6.2 Company Revenue
12.6.3 Products
12.6.4 Recent Developments
12.7. Geometrics
12.7.1 Company Overview
12.7.2 Company Revenue
12.7.3 Products
12.7.4 Recent Developments
12.8. Honeywell International Inc
12.8.1 Company Overview
12.8.2 Company Revenue
12.8.3 Products
12.8.4 Recent Developments
12.9. Infineon Technology
12.9.1 Company Overview
12.9.2 Company Revenue
12.9.3 Products
12.9.4 Recent Developments
12.10. Lake Shore Cryotronics Inc.
12.10.1 Company Overview
12.10.2 Company Revenue
12.10.3 Products
12.10.4 Recent Developments
12.11. Lockheed Martin Corporation
12.11.1 Company Overview
12.11.2 Company Revenue
12.11.3 Products
12.11.4 Recent Developments
12.12. Marine Magnetics Corp
12.12.1 Company Overview
12.12.2 Company Revenue
12.12.3 Products
12.12.4 Recent Developments
12.13. NXP Semiconductors N.V
12.13.1 Company Overview
12.13.2 Company Revenue
12.13.3 Products
12.13.4 Recent Developments
12.14. Scintrex Limited
12.14.1 Company Overview
12.14.2 Company Revenue
12.14.3 Products
12.14.4 Recent Developments
12.15. Tristan Technologies Inc.
12.15.1 Company Overview
12.15.2 Company Revenue
12.15.3 Products
12.15.4 Recent Developments
12.16. VectorNav Technologies
12.16.1 Company Overview
12.16.2 Company Revenue
12.16.3 Products
12.16.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies