May 21, 2024

Magnetometer Market Size To Rake USD 4.34 Bn By 2032

The magnetometer market size is poised to grow by USD 4.34 billion by 2032 from USD 2.44 billion in 2022, exhibiting a CAGR of 6.60% during the forecast period 2023-2032. 

Magnetometer Market Size 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.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Magnetometer market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Magnetometer Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

Get a Sample Report https://www.precedenceresearch.com/sample/3537

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 Rake USD 54.8 Bn By 2032

The empirical study on the global Magnetometer market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Magnetometer Market. Our market report for the Magnetometer market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

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

Data Sources and Methodology

To gather comprehensive insights on the Global Magnetometer Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Magnetometer Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Magnetometer market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

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

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Magnetometer market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Magnetometer market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Magnetometer market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Magnetometer market but also the strategic plans of industry leaders.

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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