Magnetometer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Magnetometer Market: By Product Type (Single Axis, 3-Axis, and 3D) , Technology (MEMS, Magneto resistive, Fluxgate/Coil, Hall Effect, Magneto Inductive, SQUID, Optically Pumped, and Nuclear Precession), Application (Consumer Electronics, Aerospace & Defense, Education & Research, Mineral Exploration, Coal Exploration, Oil & Gas Exploration, Natural Calamities Research and Monitoring, Archaeology, Automotive, Healthcare Monitoring, Security, Forensic, and Others), End Users (Healthcare, Aerospace and Defense, Consumer Electronics, and Others), And Geography

 

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Report

Description

Magnetometer Market size is expected to be valued at USD 1,723.5 million in 2022 which is expected to grow at a CAGR of 6.1% over 2022-2028. Magnetometers are instruments that are used for measuring and recording magnetic fields and are also used to measure and detect magnetic forces. The magnetic flux is measured by the unit of Tesla in this device. The magnetometer is also used to detect magnetic fluctuations in the earth’s magnetic field as the magnetic flux density of air is directly proportional to the magnetic field. Growing acceptance of advanced technology in order to enhance the speed and sensitivity of magnetometers can lead to the growth of the magnetometer market. Moreover, the increasing application of magnetometers in different fields, the growing trend of diminishing electronic devices, and rising demand for electronic devices such as smartphones, and laptops are some primary factors that can boost the magnetometer market growth. Apart from these, an increase in research and development activities to enhance products can also accelerate the market in the future. However, some factors such as the immense competition and reduction in the average selling price of the products can restrain the growth of the market. Regulation of linearity, noise, sensitivity and designing problems can hinder the market growth. Increasing earth and space exploration endeavors can create an opportunity for magnetometer market trends. Moreover, the addition of magnetometers to printed circuit boards is an emerging trend in the market.

Recent Market Developments:

In June 2022, a 3D magnetometer that consists of low features and low signal-to-noise ratio in combination with a low 7 nA power down current for battery-powered devices can be used for both consumer electronics and industrial applications.

In November 2020, a UAV-based magnetic exploration system for mapping mineral exploration, basement topography, and aquifer mapping of various geological landscapes was developed by the National Geophysical Research Institute, India

Magnetometer Market

MARKET SUMMARY
-
6.1%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market–  North America

Magnetometer Market

  • The global magnetometer market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global magnetometer market gives historical, current, and future market sizes on the basis of product type, technology, application, end users, and region.
Key Players
  • Cryogenic Limited
  • GEM Technologies
  • Geometrics, Inc.
  • Lake Shore Cryotronics, Inc.
  • NXP Semiconductors N.V.
Magnetometer Market Growth

One of the major reasons for the global magnetometer market size is the increasing application of magnetometers. These are extensively used in an anti-braking system in automobiles, and mineral exploration in order to search for important metals such as gold, iron, copper, silver, and others, and for navigation purposes. Moreover, the rising use of a magnetometer in modern smartphones for navigational purposes is expected to propel the growth of the market in the forecast period.


North America Got Significant Share

Magnetometer Market

North America is dominating the global magnetometer market size, due to the increasing investments in various companies such as aeronautics, consumer electronics, and others. Moreover, an increase in research and development activities in the development of new products and increasing use of magnetometers in the aerospace and defense industry and healthcare sectors have also attributed to the growth of the market. In addition, Asia Pacific is one of the profitable regions and is generating new prospects for global players. For instance, in some countries such as India and China, the government has taken initiatives to improve healthcare facilities and infrastructure which has the potential to increase the demand for magnetometers in these regions. Apart from this, the high threat from neighboring countries such as India, China, and Pakistan have increased the homeland and defense budget which has created a demand for the use of magnetometer.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The magnetometer market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Magnetometer Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The magnetometer market is projected to expand at a CAGR of 6.1% during the forecast period

Scintrex Limited, Honeywell International, Inc., Infineon Technologies AG, Tristan Technologies, Inc., Marine Magnetics Corp., Foerster Holding GmbH

North America is the fastest-growing region for the magnetometer market


Report

Table Of Content

1. Executive Summary
2. Global Magnetometer Market Introduction
2.1. Global Magnetometer Market – Taxonomy
2.2. Global Magnetometer Market –Definitions
2.2.1. Product Type
2.2.2. Technology
2.2.3. Application
2.2.4. End User
2.2.5. By Region
3. Global Magnetometer Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Magnetometer Market Dynamic Factors – Impact Analysis
3.6. Global Magnetometer Market – Competition Landscape
3.7. Epidemiology
4. Global Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Magnetometer Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Single Axis
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. 3-Axis
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. 3D
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Magnetometer Market, By Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. MEMS
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Magneto resistive
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Fluxgate/Coil
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Hall Effect
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Magneto Inductive
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. SQUID
6.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Optically Pumped
6.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Nuclear Precession
6.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Magnetometer Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Consumer Electronics
7.1.1.  Smartphones
7.1.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2.  Tablets
7.1.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3.  Optical Storage
7.1.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3.3. Market Opportunity Analysis
7.2.   Aerospace & Defense
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3.   Education & Research
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4.   Mineral Exploration
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5.    Coal Exploration
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6.    Oil & Gas Exploration
7.6.1. Pipeline monitoring
7.6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.1.3. Market Opportunity Analysis
7.6.2.  Drilling
7.6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.2.3. Market Opportunity Analysis
7.7. Natural Calamities Research and Monitoring
7.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8.   Archaeology
7.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
7.9.   Automotive
7.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.9.3. Market Opportunity Analysis
7.10.   Healthcare Monitoring
7.10.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.10.3. Market Opportunity Analysis
7.11.   Security
7.11.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.11.3. Market Opportunity Analysis
7.12.    Forensic
7.12.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.12.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.12.3. Market Opportunity Analysis
7.13.   Others
7.13.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.13.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.13.3. Market Opportunity Analysis
8. Global Magnetometer Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Healthcare
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Aerospace and Defense
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Consumer Electronics
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Others
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Magnetometer Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Magnetometer Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Region, 2022-2028
10. North America Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Single Axis
10.1.2. 3-Axis
10.1.3. 3D
10.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. MEMS
10.2.2. Magneto resistive
10.2.3. Fluxgate/Coil
10.2.4. Hall Effect
10.2.5. Magneto Inductive
10.2.6. SQUID
10.2.7. Optically Pumped
10.2.8.  Nuclear Precession
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Consumer Electronics
10.3.1.1.  Smartphones
10.3.1.2.  Tablets
10.3.1.3.  Optical Storage
10.3.2.   Aerospace & Defense
10.3.3.   Education & Research
10.3.4.   Mineral Exploration
10.3.5.    Coal Exploration
10.3.6.    Oil & Gas Exploration
10.3.6.1. Pipeline monitoring
10.3.6.2.  Drilling
10.3.7. Natural Calamities Research and Monitoring
10.3.8.   Archaeology
10.3.9.   Automotive
10.3.10.   Healthcare Monitoring
10.3.11.   Security
10.3.12.    Forensic
10.3.13.   Others
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Healthcare
10.4.2. Aerospace and Defense
10.4.3. Consumer Electronics
10.4.4. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Magnetometer Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
10.7. North America Magnetometer Market Dynamics – Trends
11. Europe Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Single Axis
11.1.2. 3-Axis
11.1.3. 3D
11.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. MEMS
11.2.2. Magneto resistive
11.2.3. Fluxgate/Coil
11.2.4. Hall Effect
11.2.5. Magneto Inductive
11.2.6. SQUID
11.2.7. Optically Pumped
11.2.8.  Nuclear Precession
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Consumer Electronics
11.3.1.1.  Smartphones
11.3.1.2.  Tablets
11.3.1.3.  Optical Storage
11.3.2.   Aerospace & Defense
11.3.3.   Education & Research
11.3.4.   Mineral Exploration
11.3.5.    Coal Exploration
11.3.6.    Oil & Gas Exploration
11.3.6.1. Pipeline monitoring
11.3.6.2.  Drilling
11.3.7. Natural Calamities Research and Monitoring
11.3.8.   Archaeology
11.3.9.   Automotive
11.3.10.   Healthcare Monitoring
11.3.11.   Security
11.3.12.    Forensic
11.3.13.   Others
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Healthcare
11.4.2. Aerospace and Defense
11.4.3. Consumer Electronics
11.4.4. Others
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Magnetometer Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
11.7. Europe Magnetometer Market Dynamics – Trends
12. Asia-Pacific Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Single Axis
12.1.2. 3-Axis
12.1.3. 3D
12.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. MEMS
12.2.2. Magneto resistive
12.2.3. Fluxgate/Coil
12.2.4. Hall Effect
12.2.5. Magneto Inductive
12.2.6. SQUID
12.2.7. Optically Pumped
12.2.8.  Nuclear Precession
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Consumer Electronics
12.3.1.1.  Smartphones
12.3.1.2.  Tablets
12.3.1.3.  Optical Storage
12.3.2.   Aerospace & Defense
12.3.3.   Education & Research
12.3.4.   Mineral Exploration
12.3.5.    Coal Exploration
12.3.6.    Oil & Gas Exploration
12.3.6.1. Pipeline monitoring
12.3.6.2.  Drilling
12.3.7. Natural Calamities Research and Monitoring
12.3.8.   Archaeology
12.3.9.   Automotive
12.3.10.   Healthcare Monitoring
12.3.11.   Security
12.3.12.    Forensic
12.3.13.   Others
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Healthcare
12.4.2. Aerospace and Defense
12.4.3. Consumer Electronics
12.4.4. Others
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Magnetometer Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
12.7. Asia-Pacific Magnetometer Market Dynamics – Trends
13. Latin America Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Single Axis
13.1.2. 3-Axis
13.1.3. 3D
13.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. MEMS
13.2.2. Magneto resistive
13.2.3. Fluxgate/Coil
13.2.4. Hall Effect
13.2.5. Magneto Inductive
13.2.6. SQUID
13.2.7. Optically Pumped
13.2.8.  Nuclear Precession
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Consumer Electronics
13.3.1.1.  Smartphones
13.3.1.2.  Tablets
13.3.1.3.  Optical Storage
13.3.2.   Aerospace & Defense
13.3.3.   Education & Research
13.3.4.   Mineral Exploration
13.3.5.    Coal Exploration
13.3.6.    Oil & Gas Exploration
13.3.6.1. Pipeline monitoring
13.3.6.2.  Drilling
13.3.7. Natural Calamities Research and Monitoring
13.3.8.   Archaeology
13.3.9.   Automotive
13.3.10.   Healthcare Monitoring
13.3.11.   Security
13.3.12.    Forensic
13.3.13.   Others
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Healthcare
13.4.2. Aerospace and Defense
13.4.3. Consumer Electronics
13.4.4. Others
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Magnetometer Market – Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
13.7. Latin America Magnetometer Market Dynamics – Trends
14. Middle East and Africa Magnetometer Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Single Axis
14.1.2. 3-Axis
14.1.3. 3D
14.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. MEMS
14.2.2. Magneto resistive
14.2.3. Fluxgate/Coil
14.2.4. Hall Effect
14.2.5. Magneto Inductive
14.2.6. SQUID
14.2.7. Optically Pumped
14.2.8.  Nuclear Precession
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Consumer Electronics
14.3.1.1.  Smartphones
14.3.1.2.  Tablets
14.3.1.3.  Optical Storage
14.3.2.   Aerospace & Defense
14.3.3.   Education & Research
14.3.4.   Mineral Exploration
14.3.5.    Coal Exploration
14.3.6.    Oil & Gas Exploration
14.3.6.1. Pipeline monitoring
14.3.6.2.  Drilling
14.3.7. Natural Calamities Research and Monitoring
14.3.8.   Archaeology
14.3.9.   Automotive
14.3.10.   Healthcare Monitoring
14.3.11.   Security
14.3.12.    Forensic
14.3.13.   Others
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Healthcare
14.4.2. Aerospace and Defense
14.4.3. Consumer Electronics
14.4.4. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Magnetometer Market- Opportunity Analysis Index, By Product Type, By Technology, By Application, By End User, and Country, 2022-2028
14.7. MEA Magnetometer Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Bartington Instruments Ltd
15.2.2. Cryogenic Limited
15.2.3. GEM Technologies
15.2.4. Geometrics, Inc.
15.2.5. Lake Shore Cryotronics, Inc.
15.2.6. NXP Semiconductors N.V.
15.2.7. Scintrex Limited
15.2.8. Honeywell International, Inc.
15.2.9. Infineon Technologies AG
15.2.10. Tristan Technologies, Inc.
15.2.11. Marine Magnetics Corp.
15.2.12. Foerster Holding GmbH
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Bartington Instruments Ltd
  • Cryogenic Limited
  • GEM Technologies
  • Geometrics, Inc.
  • Lake Shore Cryotronics, Inc.
  • NXP Semiconductors N.V.
  • Scintrex Limited
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • Tristan Technologies, Inc.
  • Marine Magnetics Corp.
  • Foerster Holding GmbH

Description

Magnetometer Market size is expected to be valued at USD 1,723.5 million in 2022 which is expected to grow at a CAGR of 6.1% over 2022-2028. Magnetometers are instruments that are used for measuring and recording magnetic fields and are also used to measure and detect magnetic forces. The magnetic flux is measured by the unit of Tesla in this device. The magnetometer is also used to detect magnetic fluctuations in the earth’s magnetic field as the magnetic flux density of air is directly proportional to the magnetic field. Growing acceptance of advanced technology in order to enhance the speed and sensitivity of magnetometers can lead to the growth of the magnetometer market. Moreover, the increasing application of magnetometers in different fields, the growing trend of diminishing electronic devices, and rising demand for electronic devices such as smartphones, and laptops are some primary factors that can boost the magnetometer market growth. Apart from these, an increase in research and development activities to enhance products can also accelerate the market in the future. However, some factors such as the immense competition and reduction in the average selling price of the products can restrain the growth of the market. Regulation of linearity, noise, sensitivity and designing problems can hinder the market growth. Increasing earth and space exploration endeavors can create an opportunity for magnetometer market trends. Moreover, the addition of magnetometers to printed circuit boards is an emerging trend in the market.

Recent Market Developments:

In June 2022, a 3D magnetometer that consists of low features and low signal-to-noise ratio in combination with a low 7 nA power down current for battery-powered devices can be used for both consumer electronics and industrial applications.

In November 2020, a UAV-based magnetic exploration system for mapping mineral exploration, basement topography, and aquifer mapping of various geological landscapes was developed by the National Geophysical Research Institute, India

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