by The global Magnetometer market size was estimated to be around US$ 2.44 billion in 2023. It is projected to reach US$ 4.34 billion by 2032, indicating a CAGR of 6.60% from 2023 to 2032.
Key Takeaways
- North America contributed more than 40% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the vector magnetometer segment has held the largest market share of 32% in 2022.
- By type, the optical pumping segment is anticipated to grow at a remarkable CAGR of 6.9% between 2023 and 2032.
- By product type, the three-axis segment generated over 46% of revenue share in 2022.
- By product type, the single-axis segment is expected to expand at the fastest CAGR over the projected period.
- By form factor, the fixed segment generated over 88% of revenue share in 2022.
- By form factor, the portable segment is expected to expand at the fastest CAGR over the projected period.
- By application, the navigation segment generated over 28% of revenue share in 2022.
- By application, the medical devices segment is expected to expand at the fastest CAGR over the projected period.
The market research report on the Magnetometer market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Magnetometer products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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Magnetometer Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 6.60% |
| Market Size in 2023 | USD 2.44 Billion |
| Market Size by 2032 | USD 4.34 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Product Type, By Form Factor, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Location Intelligence Market Size to Garner USD 54.8 Billion by 2032
The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global Magnetometer market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the Magnetometer market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of Magnetometer products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the Magnetometer market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on Magnetometer market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the Magnetometer market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Magnetometer Market Players
- Honeywell
- Metrolab Technology
- Lake Shore Cryotronics
- Oxford Instruments
- Bartington Instruments
- Scintrex
- Geometrics
- GEM Systems
- Marine Magnetics
- Overhauser Geomagnetic Instruments
- FOERSTER
- AGICO Technology
- Tristan Technologies
- MagArrow
- Cryogenic Limited
Segments Covered in the Report
By Type
- Scalar Magnetometer
- Proton Precession
- Fluxgate
- Vector Magnetometer
- Optical Pumping
- Others
By Product Type
- Single Axis
- 3 Axis
- 3Dimensional
By Form Factor
- Portable
- Fixed
By Application
- Navigation
- Space Exploration
- Medical Devices
- Geophysics and Mining
- Industrial Automation
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Magnetometer Market
5.1. COVID-19 Landscape: Magnetometer Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Magnetometer Market, By Type
8.1. Magnetometer Market Revenue and Volume Forecast, by Type, 2023-2032
8.1.1. Scalar magnetometer
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Proton Precession
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Fluxgate
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Vector magnetometer
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Optical Pumping
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
8.1.6. Others
8.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Magnetometer Market, By Product Type
9.1. Magnetometer Market Revenue and Volume Forecast, by Product Type, 2023-2032
9.1.1. Single Axis
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. 3 Axis
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. 3Dimensional
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Magnetometer Market, By Form Factor
10.1. Magnetometer Market Revenue and Volume Forecast, by Form Factor, 2023-2032
10.1.1. Portable
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Fixed
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Magnetometer Market, By Application
11.1. Magnetometer Market Revenue and Volume Forecast, by Application, 2023-2032
11.1.1. Navigation
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Space Exploration
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. Medical Devices
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
11.1.4. Geophysics and Mining
11.1.4.1. Market Revenue and Volume Forecast (2020-2032)
11.1.5. Industrial automation
11.1.5.1. Market Revenue and Volume Forecast (2020-2032)
11.1.6. Others
11.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Magnetometer Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Product Type (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Form Factor (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 13. Company Profiles
13.1. Honeywell
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Metrolab Technology
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Lake Shore Cryotronics
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Oxford Instruments
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Bartington Instruments
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Scintrex
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. GEM Systems
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Marine Magnetics
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Overhauser Geomagnetic Instruments
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. FOERSTER
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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