Magnetometer Market By Type, By Product Type, By Form Factor, By Application, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global magnetometer market was valued at $2.2 billion in 2022, and is projected to reach $4.2 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032.

A magnetometer is a device that measures magnetic field strength and direction. It is widely used in navigation, mineral exploration, scientific research, and a range of industrial applications. Magnetometers are classified into three types: fluxgate, proton precession, and magneto inductive. They can be used to detect natural resources, study the Earth's magnetic field, and aid navigation systems in the aerospace and defense industries.

The growth of global magnetometers is majorly driven by the advancement in space exploration coupled with increase in use of magnetometers in geophysics and mining industries. Moreover, the growing demand from the automotive sector is expected to drive market growth. However, the high cost associated with magnetometers across emerging economies is acting as prime restraint of the global market. On the contrary, the increase in demand for magnetometers demand for scientific research and in medical applications is anticipated to provide lucrative opportunities for the magnetometers industry during the forecast period.

For the purpose of analysis, the magnetometer market scope covers segmentation based on type, product type, form factor, application, industry vertical, and region. The report provides information on various types including scalar magnetometer, proton precession, fluxgate, vector magnetometer, optical pumping, and others. Furthermore, the major product types covered in the study include single-axis, three-axis, and 3D.

In addition, it outlines the details of the form factors such as portable magnetometers and fixed magnetometers. Moreover, it analyzes the current market trends across different applications such as navigation, space exploration, medical devices, industrial automation, geophysics & mining, and others. The details of the industry verticals namely aerospace & defense, automotive, consumer electronics, healthcare, industrial, and others are also provided in the report.

In addition, it analyzes the current market trends across different regions such as North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the market include: Geometrics, VectorNav Technologies, Cryogenic Limited, Metrolab Technology SA, Bartington Instruments Ltd., Gem Systems Inc., Foerster Instruments Inc., Marine Magnetics Corp., and Lake Shore Cryotronics Inc.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the magnetometer market analysis from 2022 to 2032 to identify the prevailing magnetometer market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the magnetometer market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global magnetometer market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

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 Industry Vertical

Aerospace and defense
Automotive
Consumer Electronics
Healthcare
Industrial
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

VectorNav Technologies
Cryogenic Limited
Metrolab Technology SA
Foerster Instruments Inc.
Marine Magnetics Corp.
Honeywell International Inc.
Lake Shore Cryotronics Inc.
Bartington Instruments Ltd.
Geometrics
Gem Systems Inc.

Product Code: A08274

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Growing demand from the automotive and consumer electronics sector
  - 3.4.1.2. Advancements in space exploration
  - 3.4.1.3. Increasing use in geophysics and mining

3.4.2. Restraints
- 3.4.2.1. High cost of a magnetometer in emerging economies

3.4.3. Opportunities
- 3.4.3.1. Increase in demand for magnetometers in scientific research and medical applications

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: MAGNETOMETER MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Scalar magnetometer
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Proton Precession
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Fluxgate
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Vector magnetometer
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Optical Pumping
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
4.7. Others
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country

CHAPTER 5: MAGNETOMETER MARKET, BY PRODUCT TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Single Axis
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. 3 Axis
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. 3Dimensional
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: MAGNETOMETER MARKET, BY FORM FACTOR

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Portable
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Fixed
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: MAGNETOMETER MARKET, BY APPLICATION

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Navigation
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Space Exploration
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Medical Devices
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Geophysics and Mining
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
7.6. Industrial automation
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
7.7. Others
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country

CHAPTER 8: MAGNETOMETER MARKET, BY INDUSTRY VERTICAL

8.1. Overview
- 8.1.1. Market size and forecast
8.2. Aerospace and defense
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
8.3. Automotive
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
8.4. Consumer Electronics
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
8.5. Healthcare
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
8.6. Industrial
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country
8.7. Others
- 8.7.1. Key market trends, growth factors and opportunities
- 8.7.2. Market size and forecast, by region
- 8.7.3. Market share analysis by country

CHAPTER 9: MAGNETOMETER MARKET, BY REGION

9.1. Overview
- 9.1.1. Market size and forecast By Region
9.2. North America
- 9.2.1. Key trends and opportunities
- 9.2.2. Market size and forecast, by Type
- 9.2.3. Market size and forecast, by Product Type
- 9.2.4. Market size and forecast, by Form Factor
- 9.2.5. Market size and forecast, by Application
- 9.2.6. Market size and forecast, by Industry Vertical
- 9.2.7. Market size and forecast, by country
  - 9.2.7.1. U.S.
  - 9.2.7.1.1. Key market trends, growth factors and opportunities
  - 9.2.7.1.2. Market size and forecast, by Type
  - 9.2.7.1.3. Market size and forecast, by Product Type
  - 9.2.7.1.4. Market size and forecast, by Form Factor
  - 9.2.7.1.5. Market size and forecast, by Application
  - 9.2.7.1.6. Market size and forecast, by Industry Vertical
  - 9.2.7.2. Canada
  - 9.2.7.2.1. Key market trends, growth factors and opportunities
  - 9.2.7.2.2. Market size and forecast, by Type
  - 9.2.7.2.3. Market size and forecast, by Product Type
  - 9.2.7.2.4. Market size and forecast, by Form Factor
  - 9.2.7.2.5. Market size and forecast, by Application
  - 9.2.7.2.6. Market size and forecast, by Industry Vertical
  - 9.2.7.3. Mexico
  - 9.2.7.3.1. Key market trends, growth factors and opportunities
  - 9.2.7.3.2. Market size and forecast, by Type
  - 9.2.7.3.3. Market size and forecast, by Product Type
  - 9.2.7.3.4. Market size and forecast, by Form Factor
  - 9.2.7.3.5. Market size and forecast, by Application
  - 9.2.7.3.6. Market size and forecast, by Industry Vertical
9.3. Europe
- 9.3.1. Key trends and opportunities
- 9.3.2. Market size and forecast, by Type
- 9.3.3. Market size and forecast, by Product Type
- 9.3.4. Market size and forecast, by Form Factor
- 9.3.5. Market size and forecast, by Application
- 9.3.6. Market size and forecast, by Industry Vertical
- 9.3.7. Market size and forecast, by country
  - 9.3.7.1. Germany
  - 9.3.7.1.1. Key market trends, growth factors and opportunities
  - 9.3.7.1.2. Market size and forecast, by Type
  - 9.3.7.1.3. Market size and forecast, by Product Type
  - 9.3.7.1.4. Market size and forecast, by Form Factor
  - 9.3.7.1.5. Market size and forecast, by Application
  - 9.3.7.1.6. Market size and forecast, by Industry Vertical
  - 9.3.7.2. UK
  - 9.3.7.2.1. Key market trends, growth factors and opportunities
  - 9.3.7.2.2. Market size and forecast, by Type
  - 9.3.7.2.3. Market size and forecast, by Product Type
  - 9.3.7.2.4. Market size and forecast, by Form Factor
  - 9.3.7.2.5. Market size and forecast, by Application
  - 9.3.7.2.6. Market size and forecast, by Industry Vertical
  - 9.3.7.3. France
  - 9.3.7.3.1. Key market trends, growth factors and opportunities
  - 9.3.7.3.2. Market size and forecast, by Type
  - 9.3.7.3.3. Market size and forecast, by Product Type
  - 9.3.7.3.4. Market size and forecast, by Form Factor
  - 9.3.7.3.5. Market size and forecast, by Application
  - 9.3.7.3.6. Market size and forecast, by Industry Vertical
  - 9.3.7.4. Italy
  - 9.3.7.4.1. Key market trends, growth factors and opportunities
  - 9.3.7.4.2. Market size and forecast, by Type
  - 9.3.7.4.3. Market size and forecast, by Product Type
  - 9.3.7.4.4. Market size and forecast, by Form Factor
  - 9.3.7.4.5. Market size and forecast, by Application
  - 9.3.7.4.6. Market size and forecast, by Industry Vertical
  - 9.3.7.5. Rest of Europe
  - 9.3.7.5.1. Key market trends, growth factors and opportunities
  - 9.3.7.5.2. Market size and forecast, by Type
  - 9.3.7.5.3. Market size and forecast, by Product Type
  - 9.3.7.5.4. Market size and forecast, by Form Factor
  - 9.3.7.5.5. Market size and forecast, by Application
  - 9.3.7.5.6. Market size and forecast, by Industry Vertical
9.4. Asia-Pacific
- 9.4.1. Key trends and opportunities
- 9.4.2. Market size and forecast, by Type
- 9.4.3. Market size and forecast, by Product Type
- 9.4.4. Market size and forecast, by Form Factor
- 9.4.5. Market size and forecast, by Application
- 9.4.6. Market size and forecast, by Industry Vertical
- 9.4.7. Market size and forecast, by country
  - 9.4.7.1. China
  - 9.4.7.1.1. Key market trends, growth factors and opportunities
  - 9.4.7.1.2. Market size and forecast, by Type
  - 9.4.7.1.3. Market size and forecast, by Product Type
  - 9.4.7.1.4. Market size and forecast, by Form Factor
  - 9.4.7.1.5. Market size and forecast, by Application
  - 9.4.7.1.6. Market size and forecast, by Industry Vertical
  - 9.4.7.2. Japan
  - 9.4.7.2.1. Key market trends, growth factors and opportunities
  - 9.4.7.2.2. Market size and forecast, by Type
  - 9.4.7.2.3. Market size and forecast, by Product Type
  - 9.4.7.2.4. Market size and forecast, by Form Factor
  - 9.4.7.2.5. Market size and forecast, by Application
  - 9.4.7.2.6. Market size and forecast, by Industry Vertical
  - 9.4.7.3. India
  - 9.4.7.3.1. Key market trends, growth factors and opportunities
  - 9.4.7.3.2. Market size and forecast, by Type
  - 9.4.7.3.3. Market size and forecast, by Product Type
  - 9.4.7.3.4. Market size and forecast, by Form Factor
  - 9.4.7.3.5. Market size and forecast, by Application
  - 9.4.7.3.6. Market size and forecast, by Industry Vertical
  - 9.4.7.4. South Korea
  - 9.4.7.4.1. Key market trends, growth factors and opportunities
  - 9.4.7.4.2. Market size and forecast, by Type
  - 9.4.7.4.3. Market size and forecast, by Product Type
  - 9.4.7.4.4. Market size and forecast, by Form Factor
  - 9.4.7.4.5. Market size and forecast, by Application
  - 9.4.7.4.6. Market size and forecast, by Industry Vertical
  - 9.4.7.5. Rest of Asia-Pacific
  - 9.4.7.5.1. Key market trends, growth factors and opportunities
  - 9.4.7.5.2. Market size and forecast, by Type
  - 9.4.7.5.3. Market size and forecast, by Product Type
  - 9.4.7.5.4. Market size and forecast, by Form Factor
  - 9.4.7.5.5. Market size and forecast, by Application
  - 9.4.7.5.6. Market size and forecast, by Industry Vertical
9.5. LAMEA
- 9.5.1. Key trends and opportunities
- 9.5.2. Market size and forecast, by Type
- 9.5.3. Market size and forecast, by Product Type
- 9.5.4. Market size and forecast, by Form Factor
- 9.5.5. Market size and forecast, by Application
- 9.5.6. Market size and forecast, by Industry Vertical
- 9.5.7. Market size and forecast, by country
  - 9.5.7.1. Latin America
  - 9.5.7.1.1. Key market trends, growth factors and opportunities
  - 9.5.7.1.2. Market size and forecast, by Type
  - 9.5.7.1.3. Market size and forecast, by Product Type
  - 9.5.7.1.4. Market size and forecast, by Form Factor
  - 9.5.7.1.5. Market size and forecast, by Application
  - 9.5.7.1.6. Market size and forecast, by Industry Vertical
  - 9.5.7.2. Middle East
  - 9.5.7.2.1. Key market trends, growth factors and opportunities
  - 9.5.7.2.2. Market size and forecast, by Type
  - 9.5.7.2.3. Market size and forecast, by Product Type
  - 9.5.7.2.4. Market size and forecast, by Form Factor
  - 9.5.7.2.5. Market size and forecast, by Application
  - 9.5.7.2.6. Market size and forecast, by Industry Vertical
  - 9.5.7.3. Africa
  - 9.5.7.3.1. Key market trends, growth factors and opportunities
  - 9.5.7.3.2. Market size and forecast, by Type
  - 9.5.7.3.3. Market size and forecast, by Product Type
  - 9.5.7.3.4. Market size and forecast, by Form Factor
  - 9.5.7.3.5. Market size and forecast, by Application
  - 9.5.7.3.6. Market size and forecast, by Industry Vertical

CHAPTER 10: COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Top player positioning, 2022

CHAPTER 11: COMPANY PROFILES

11.1. Honeywell International Inc.
- 11.1.1. Company overview
- 11.1.2. Key Executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.1.7. Key strategic moves and developments
11.2. Gem Systems Inc.
- 11.2.1. Company overview
- 11.2.2. Key Executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
11.3. Marine Magnetics Corp.
- 11.3.1. Company overview
- 11.3.2. Key Executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
11.4. Metrolab Technology SA
- 11.4.1. Company overview
- 11.4.2. Key Executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Key strategic moves and developments
11.5. Bartington Instruments Ltd.
- 11.5.1. Company overview
- 11.5.2. Key Executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
11.6. Cryogenic Limited
- 11.6.1. Company overview
- 11.6.2. Key Executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
11.7. Foerster Instruments Inc.
- 11.7.1. Company overview
- 11.7.2. Key Executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
11.8. Lake Shore Cryotronics Inc.
- 11.8.1. Company overview
- 11.8.2. Key Executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.8.6. Key strategic moves and developments
11.9. Geometrics
- 11.9.1. Company overview
- 11.9.2. Key Executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
11.10. VectorNav Technologies
- 11.10.1. Company overview
- 11.10.2. Key Executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio