PUBLISHER: The Business Research Company | PRODUCT CODE: 1693214
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693214
Magnetometer Global Market Report 2025
Magnetometers are instruments used to measure magnetic fields, whether on Earth or around objects. They are extensively used in geological surveys to detect variations in the Earth's magnetic field, which can indicate the presence of minerals.
The main types of magnetometers include scalar magnetometers, proton precession magnetometers, fluxgate magnetometers, vector magnetometers, optical pumping magnetometers, and others. Scalar magnetometers measure the scalar component of a magnetic field. These instruments come in various form factors, including portable and fixed installations. Magnetometers find applications in navigation, space exploration, medical devices, geophysics and mining, industrial automation, and other fields. They are used across industries such as aerospace and defense, automotive, consumer electronics, healthcare, industrial sectors, and others.
The magnetometer market research report is one of a series of new reports from The Business Research Company that provides magnetometer market statistics, including magnetometer industry global market size, regional shares, competitors with a magnetometer market share, detailed magnetometer market segments, market trends, and opportunities, and any further data you may need to thrive in the magnetometer industry. This magnetometer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The magnetometer market size has grown strongly in recent years. It will grow from $2.5 billion in 2024 to $2.69 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to Increase in the adoption of electric vehicles, Growing investments in defense and military sectors for magnetic anomaly detection and surveillance purposes, and Increase in demand for manometers from consumer electronic industry.
The magnetometer market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing demand from industries such as aerospace and defense, surge in application of manometers in automotive sectors. Major trends in the forecast period include advancement in technologies, advancements in sensor technology, and developments in microelectromechanical system (MEMS) technology.
The increasing demand for electric cars is expected to drive the growth of the magnetometer market in the future. Electric cars, powered entirely by electricity, typically use one or more electric motors and rechargeable batteries for propulsion. Magnetometers in electric cars play a crucial role in accurate navigation and orientation by aiding in sensor fusion with gyroscopes and accelerometers. For example, in April 2023, the International Energy Agency reported that total electric car sales increased from 6,500,000 in 2021 to 10,200,000 in 2022. Hence, the rising demand for electric cars is fueling the growth of the magnetometer market.
The growing aerospace and defense industry is expected to drive the growth of the magnetometer market in the future. The aerospace and defense industry includes companies involved in designing, manufacturing, and selling aircraft, spacecraft, weapons, and related systems and services for civilian and military purposes. Magnetometers play a crucial role in this industry for navigation, orientation, and detecting metallic objects in aircraft, spacecraft, and military equipment. For example, in January 2024, Airbus SE reported an 11% increase in commercial aircraft deliveries in 2023, totaling 735 aircraft. Hence, the expanding aerospace and defense industry are fueling the growth of the magnetometer market.
Major companies in the magnetometer market are focused on developing innovative products, including AMR (Anisotropic MagnetoResistive) magnetometer sensors, to enhance their profitability. AMR magnetometer sensors measure magnetic fields by detecting changes in resistance due to the orientation of magnetic field lines relative to the sensor's material. For example, in February 2023, MEMSIC Inc., a US-based semiconductor manufacturing company, launched the AMR magnetometer MMC5616WA. These sensors offer advanced features for various applications such as automotive, industrial, and consumer electronics, providing smart and secure sensing of physical motion and displacement. AMR magnetometer sensors are crucial in medical, wearable, and smart home applications for their reliable and intelligent detection capabilities.
In May 2022, Micross Components Inc., a U.S.-based semiconductor manufacturing company, acquired PAAL Technologies for an undisclosed sum. This acquisition aims to strengthen Micross Components' high-reliability microelectronics offerings by integrating PAAL Technologies' expertise in MIL-STD-1553 Data Bus Couplers and RF/Wideband Transformers, thereby expanding its advanced microelectronic solutions for customers. PAAL Technologies, a U.S.-based company specializing in defense and space manufacturing, provides sophisticated sensors and components that enhance precision in activity and environmental tracking.
Major companies operating in the magnetometer market report are Robert Bosch GmbH, Honeywell International Inc., Asahi Kasei Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors, Master Magnetics Inc., Lake Shore Cryotronics Inc., Cryogenic Limited, Institut Dr. Foerster GmbH & Co. KG, PCE Instruments Limited, Scintrex Limited, Gem Systems Inc., Apogee Instruments Inc., VectorNav Technologies, Metrolab Technology SA, Senis AG, Tristan Technologies Inc., Group3 Technology Ltd., AlphaLab Inc., Geonics Ltd., Marine Magnetics Corp., Metronix GmbH, Nucrypt LLC, Bartington Instruments Ltd
North America was the largest region in the magnetometers market in 2024. The regions covered in the magnetometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the magnetometer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The magnetometer market consists of sales of gradiometers, Helmholtz coils, magnetic sensors, and modules. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Magnetometer Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
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Scope
Table of Contents
1. Executive Summary
2. Magnetometer Market Characteristics
3. Magnetometer Market Trends And Strategies
4. Magnetometer Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Magnetometer Growth Analysis And Strategic Analysis Framework
- 5.1. Global Magnetometer PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Magnetometer Market Growth Rate Analysis
- 5.4. Global Magnetometer Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Magnetometer Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Magnetometer Total Addressable Market (TAM)
6. Magnetometer Market Segmentation
7. Magnetometer Market Regional And Country Analysis
8. Asia-Pacific Magnetometer Market
9. China Magnetometer Market
10. India Magnetometer Market
11. Japan Magnetometer Market
12. Australia Magnetometer Market
13. Indonesia Magnetometer Market
14. South Korea Magnetometer Market
15. Western Europe Magnetometer Market
16. UK Magnetometer Market
17. Germany Magnetometer Market
18. France Magnetometer Market
19. Italy Magnetometer Market
20. Spain Magnetometer Market
21. Eastern Europe Magnetometer Market
22. Russia Magnetometer Market
23. North America Magnetometer Market
24. USA Magnetometer Market
25. Canada Magnetometer Market
26. South America Magnetometer Market
27. Brazil Magnetometer Market
28. Middle East Magnetometer Market
29. Africa Magnetometer Market
30. Magnetometer Market Competitive Landscape And Company Profiles
31. Magnetometer Market Other Major And Innovative Companies
32. Global Magnetometer Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Magnetometer Market
34. Recent Developments In The Magnetometer Market
35. Magnetometer Market High Potential Countries, Segments and Strategies
36. Appendix
