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Global Magnetometer Market Size study & Forecast, by Product (Single Axis, 3-Axis, 3D,Others), by Form Factor (Stationary Magnetometers, Portable/Mobile Magnetometers), by Technology (MEMS, Magneto Resistive, Fluxgate/Coil, Hall Effect, Magneto Inductive, SQUID, Optically Pumped, Nuclear Precession), by Application (Consumer Electronics, Aerospace & Defense, Education & Research, Commercial, Healthcare Monitoring, Security, Forensic, Image Processing of the Magnetic Data, Others), by Type (Scalar Magnetometers, Vector Magnetometers) and Regional Analysis, 2023-2030

May 2024 | 200 pages | ID: G1D068DCB6F3EN
Bizwit Research & Consulting LLP

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Global Magnetometer Market is valued at approximately USD 1.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.96% over the forecast period 2023-2030. A Magnetometer is used to measure the magnitude, direction, and alignment of a magnetic field may all be determined scientifically using a magnetometer. It is employed in many different industries, including geopolitics, excavation, the search for minerals, navigation, and aircraft. Consumer electronics consumption is on the rise, and the automobile industry is another important driver of market expansion. The instrument uses Tesla units to measure magnetic flux density. Metrolab Technology launched the NMR Magnetic Field Camera MFC2046 which is built on the superior sensitivity of the NMR magnetometer PT2026, with a choice of two probe-array geometries. An increase in the need for magnetometers in geophysics and mining is one reason driving the growth of the globally magnetometer market with the growing prevalence of these magnetometers in the aerospace and military industries. The three-axis magnetometer is a key component used in spacecraft telemetry for developing the magnetic purity design in the aerospace and defence industries.

The increasing use of magnetometers in the consumer electronics industry, such as household appliances, digital cameras, mobile devices, toys, electronic instruments, and other electronic equipment, will be driving the global magnetometer market during the forecast period. For instance, in Feb. 2023, MEMSIC, the world's leading MEMS technology solution provider, launched a new AMR magnetometer MMC5616WA, as an upgrade to MEMSIC's large-scale production of ultra-small size AMR magnetometers, to meet the needs of rich application scenarios such as wearable devices, drones, and AR/VR. Thus, the increase in the usage of consumer electronics products such as household appliances, digital cameras, smartphones, toys, electronic instruments, and other electronic equipment is likely to propel the global magnetometer market during the forecast period. Additionally, rising development of flexible magnetic sensors and expansion of the education and research industry is anticipated to create the lucrative opportunity for the market during forecast period. However, the high costs of raw materials will impede the market growth rate.

The key regions considered for the Global Magnetometer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the magnetometer market has grown as a result of increased investment by major manufacturers and government agencies in developing next-generation aerospace and defense systems. As the automobile industry in Asia Pacific grows, more magnetometer-based vehicle detection systems are being deployed for smart parking applications. This is anticipated to drive magnetometer market value in the region also the rising supportive government initiative for the development of magnetometers are propelling the lucrative demand for the market. For instance, In October 2022, the Indian Institute of Geomagnetism (IIG), an autonomous research institution under DST, Government of India, developed an over Hauser magnetometer. The over Hauser magnetometer sensor, installed at Ali Bag Magnetic Observatory (MO), can reduce India's dependence on commercial OH magnetometers for performing geomagnetic field measurements. North America is expected to grow significantly during the forecast period, owing to factors such as it is anticipated that higher requirements for magnetometers from the aerospace and defense industries would drive industry growth in North America. It is anticipated that more drones and unmanned aircraft (UAV) are going to employ military-grade fluxgate magnetometers which is likely to raise demand for magnetometers in North America.

Major market player included in this report are:
Bartington Instruments Ltd,
Cryogenic Limited,
Gem Systems Advanced Magnetometers,
Honeywell International Inc,
Infineon Technology India Pvt Ltd.
Lake Shore Cryotronics, Inc,
Lockheed Martin Corporation,
Marine Magnetics Corp,
NXP Semiconductors N.V,
Tristan Technologies, Inc,

Recent Developments in the Market:
In September 2021, Honeywell International Inc. declared that the new 3-Axis space magnetometer design for tiny satellites has been certified. The brand-new magnetometer satisfies the needs of the emerging new space sector.
In June 2020, Asahi Kasei Corporation unveiled the AK8781, an ultra-compact packaging latch-type Hall IC suitable for small DC brushless (BL) motors. It is a little package that reacts rapidly and can function in hot environments. The release of this product is predicted to contribute to the micro-miniaturization and high efficiency of DCBL motors.

Global Magnetometer Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Form Factor, Technology, Application, Type, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Single Axis Magnetometer Market
3-Axis Magnetometer Market
3D Magnetometer Market
Others

By Form Factor:
Stationary Magnetometers
Portable/Mobile Magnetometers

By Technology:
MEMS
Magneto Resistive
Fluxgate/Coil
Hall Effect
Magneto Inductive
SQUID
Optically Pumped
Nuclear Precession

By Application:
Consumer Electronics
Aerospace & Defense
Education & Research
Commercial
Healthcare Monitoring
Security
Forensic
Image Processing of the Magnetic Data
Others

By Type:
Scalar Magnetometers
Vector Magnetometers

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Magnetometer Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Magnetometer Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Magnetometer Market, by Form Factor, 2020-2030 (USD Billion)
  1.2.4. Magnetometer Market, by Technology, 2020-2030 (USD Billion)
  1.2.5. Magnetometer Market, by Application, 2020-2030 (USD Billion)
  1.2.6. Magnetometer Market, by Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MAGNETOMETER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MAGNETOMETER MARKET DYNAMICS

3.1. Magnetometer Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing Demand for Electric cars
    3.1.1.2. Opportunities presented by aerospace and defence industry
  3.1.2. Market Challenges
    3.1.2.1. High production cost associated with raw material
  3.1.3. Market Opportunities
    3.1.3.1. Growth and Expansion of the education and research industry
    3.1.3.2. Development of flexible magnetic sensors

CHAPTER 4. GLOBAL MAGNETOMETER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MAGNETOMETER MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Magnetometer Market by Product, Performance - Potential Analysis
5.3. Global Magnetometer Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Magnetometer Market, Sub Segment Analysis
  5.4.1. Single Axis Magnetometer
  5.4.2. 3-Axis Magnetometer
  5.4.3. 3D Magnetometer
  5.4.4. Others

CHAPTER 6. GLOBAL MAGNETOMETER MARKET, BY FORM FACTOR

6.1. Market Snapshot
6.2. Global Magnetometer Market by Form Factor, Performance - Potential Analysis
6.3. Global Magnetometer Market Estimates & Forecasts by Form Factor 2020-2030 (USD Billion)
6.4. Magnetometer Market, Sub Segment Analysis
  6.4.1. Stationary
  6.4.2. Portable/Mobile Magnetometer

CHAPTER 7. GLOBAL MAGNETOMETER MARKET, BY TECHNOLOGY

7.1. Market Snapshot
7.2. Global Magnetometer Market by Technology, Performance - Potential Analysis
7.3. Global Magnetometer Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Magnetometer Market, Sub Segment Analysis
  7.4.1. MEMS
  7.4.2. Magneto Resistive
  7.4.3. Fluxgate/coil
  7.4.4. Hall Effect
  7.4.5. Magneto Inductive
  7.4.6. SQUID
  7.4.7. Optically Pumped
  7.4.8. Nuclear Precession

CHAPTER 8. GLOBAL MAGNETOMETER MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Magnetometer Market by Application, Performance - Potential Analysis
8.3. Global Magnetometer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Magnetometer Market, Sub Segment Analysis
  8.4.1. Consumer Electronics
  8.4.2. Aerospace and Defence
  8.4.3. Education and Research
  8.4.4. Commercial
  8.4.5. Healthcare Monitoring
  8.4.6. Security
  8.4.7. Forensic
  8.4.8. Image Processing of the Magnetic Data
  8.4.9. Others

CHAPTER 9. GLOBAL MAGNETOMETER MARKET, BY TYPE

9.1. Market Snapshot
9.2. Global Magnetometer Market by Type, Performance - Potential Analysis
9.3. Global Magnetometer Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
9.4. Magnetometer Market, Sub Segment Analysis
  9.4.1. Scaler Magnetometer
  9.4.2. Vector Magnetometer

CHAPTER 10. GLOBAL MAGNETOMETER MARKET, REGIONAL ANALYSIS

10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Magnetometer Market, Regional Market Snapshot
10.4. North America Magnetometer Market
  10.4.1. U.S. Magnetometer Market
    10.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    10.4.1.2. Form Factor breakdown estimates & forecasts, 2020-2030
    10.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
    10.4.1.4. Application breakdown estimates & forecasts, 2020-2030
  10.4.2. Canada Magnetometer Market
10.5. Europe Magnetometer Market Snapshot
  10.5.1. U.K. Magnetometer Market
  10.5.2. Germany Magnetometer Market
  10.5.3. France Magnetometer Market
  10.5.4. Spain Magnetometer Market
  10.5.5. Italy Magnetometer Market
  10.5.6. Rest of Europe Magnetometer Market
10.6. Asia-Pacific Magnetometer Market Snapshot
  10.6.1. China Magnetometer Market
  10.6.2. India Magnetometer Market
  10.6.3. Japan Magnetometer Market
  10.6.4. Australia Magnetometer Market
  10.6.5. South Korea Magnetometer Market
  10.6.6. Rest of Asia Pacific Magnetometer Market
10.7. Latin America Magnetometer Market Snapshot
  10.7.1. Brazil Magnetometer Market
  10.7.2. Mexico Magnetometer Market
10.8. Middle East & Africa Magnetometer Market
  10.8.1. Saudi Arabia Magnetometer Market
  10.8.2. South Africa Magnetometer Market
  10.8.3. Rest of Middle East & Africa Magnetometer Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Bartington Instruments Ltd
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Recent Developments
  11.3.2. Cryogenic Limited
  11.3.3. Gem Systems Advanced Magnetometer
  11.3.4. Honeywell International Inc
  11.3.5. Infineon Technology India Pvt Ltd.
  11.3.6. Lake Shore Cryotronics, Inc
  11.3.7. Lockheed Martin Corporation
  11.3.8. Marine Magnetics Corp
  11.3.9. NXP Semiconductors N.V
  11.3.10. Tristan Technologies, Inc

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Magnetometer Market, report scope
TABLE 2. Global Magnetometer Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Magnetometer Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Magnetometer Market estimates & forecasts by Form Factor 2020-2030 (USD Billion)
TABLE 5. Global Magnetometer Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 6. Global Magnetometer Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 7. Global Magnetometer Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 8. Global Magnetometer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Magnetometer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Magnetometer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Magnetometer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Magnetometer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Magnetometer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Magnetometer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Magnetometer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Magnetometer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Magnetometer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. U.S. Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. Canada Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Canada Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. UK Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. UK Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. Germany Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Germany Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. France Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. France Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Italy Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Italy Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. Spain Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. Spain Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. RoE Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. RoE Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. China Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. China Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. India Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. India Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. Japan Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Japan Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. South Korea Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. South Korea Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. Australia Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Australia Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. RoAPAC Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. RoAPAC Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Brazil Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Brazil Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. Mexico Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Mexico Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. RoLA Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoLA Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. Saudi Arabia Magnetometer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 70. South Africa Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. RoMEA Magnetometer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. List of secondary sources, used in the study of global Magnetometer Market
TABLE 73. List of primary sources, used in the study of global Magnetometer Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Magnetometer Market, research methodology
FIG 2. Global Magnetometer Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Magnetometer Market, key trends 2022
FIG 5. Global Magnetometer Market, growth prospects 2023-2030
FIG 6. Global Magnetometer Market, porters 5 force model
FIG 7. Global Magnetometer Market, pest analysis
FIG 8. Global Magnetometer Market, value chain analysis
FIG 9. Global Magnetometer Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Magnetometer Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Magnetometer Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Magnetometer Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Magnetometer Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Magnetometer Market, regional snapshot 2020 & 2030
FIG 15. North America Magnetometer Market 2020 & 2030 (USD Billion)
FIG 16. Europe Magnetometer Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Magnetometer Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Magnetometer Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Magnetometer Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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