Global Magnetometer Market Overview:
According to SPER Market Research, the Global Magnetometer Market is estimated to reach USD 6.14 billion by 2032 with a CAGR of 6.72%.
Due to the rise in magnetometer demand across a number of end-use industries, including aerospace & defence, consumer electronics, automotive, and healthcare, the worldwide magnetometer market is anticipated to expand at a respectable rate during the projected period. A magnetometer measures the direction and intensity of the magnetic field at a specific point. There are two different kinds of magnetometers based on axis: single axis magnetometers and three axis magnetometers. In mission-critical automotive applications including the electronic compass, GPS navigation, and magnetic field sensing, magnetometers are employed. Due to developments in microelectromechanical system (MEMS) technology, magnetometers can also be used in consumer electronics applications like as computer tablets, cellphones, gaming and audio/video devices, desktop PCs, and personal electronics. During the forecast period, manufacturers should see an increase in possibilities due to the rising usage of stationary magnetometers, also known as fixed magnetometers. During the forecast period, the global magnetometer market is expected to be driven by an increase in the use of magnetometers in consumer electronics items such home appliances, digital cameras, smartphones, toys, electronic instruments, and other electronic equipment. Without coming into touch with the target, magnetometers can be used to determine speed and direction, location, alignment, proximity, and rotational position. Magnetometers can be used in tiny, space-saving circuit board mount packages or in sturdy, shielded enclosures for usage in challenging settings.
Impact of COVID-19 on the Global Magnetometer Market
The magnetometer supply chain was hampered by COVID-19. To maintain their business growth beyond the peak of the COVID-19 epidemic, firms in the worldwide magnetometer market are concentrating on high-growth applications including cameras, camcorders, and MP3 players. The Covid-19 epidemic is getting worse because of its rapid global expansion and the lack of available therapeutic and diagnostic tools. Since the outbreak's epi-centre was in China, which houses the majority of manufacturing facilities for sensing technologies, continued disruption has led to apparent changes in the magnetometer market's overall demand and supply chain. On the other hand, sensing technologies are in demand in the healthcare industry in order to track the internal organs of patients who have the Covid-19 infection.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Product Type, By Form Factor, By Application, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Barington Instruments Ltd, Cryogenic Limited, FOERSTER Holding GmbH, Gem Systems Advanced Magnetometers, Geometrics, Honeywell International Inc, Infeneon Technology, Lake Shore Cryotronics, Inc, Lockhead Martin Corporation, Marine Magnetics Corp, NXP Semiconductors N.V, Scintrex Limited, Tristan Technologies, Inc, VectorNav Technologies
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Global Magnetometer Market Segmentation:
By Type: Based on the Type, Global Magnetometer Market is segmented as; Scalar Magnetometer,
Proton Precession, Optical Pumped Magnetometer, Vector Magnetometer, Fluxgate, Search Coil, Rotating Coil, NV Magnetometer.
By Product Type: Based on the Product Type, Global Magnetometer Market is segmented as; Single Axis, 3-Axis, 3-dimensional.
By Form Factor: Based on the Form Factor, Global Magnetometer Market is segmented as; Portable, Fixed.
By Application: Based on the Application, Global Magnetometer Market is segmented as; Geophysical Survey, Pipeline Monitoring, Navigation Services.
By End User: Based on the End User, Global Magnetometer Market is segmented as; Consumer Electronics, Oil and Gas, Mining, Aerospace and defense, Automotive, Healthcare, Industrial, Others.
By Region: Due to the increasing use of electric vehicles in the region, the magnetometer market in Asia Pacific is expected to expand significantly over the coming several years.During the projected period, the Asia-Pacific region is anticipated to dominate the global market. This can be attributed to the successful presence of top automakers in significant economies around Asia Pacific, including Japan, India, and China. In addition, developments like industrialization, fast urbanisation, and rising consumer demand for cell phones, PCs, etc. have produced significant prospects for magnetometer producers.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Magnetometer Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Magnetometer Market, By Type, 2019-2032 (USD Million)
6.1. Scalar Magnetometer
6.2. Proton Precession
6.3. Optical Pumped Magnetometer
6.4. Vector Magnetometer
6.5. Fluxgate
6.6. Search Coil
6.7. Rotating Coil
6.8. NV Magnetometer
7. Global Magnetometer Market, By Product Type, 2019-2032 (USD Million)
7.1. Single Axis
7.2. 3-Axis
7.3. 3-dimensional
8. Global Magnetometer Market, By Form Factor, 2019-2032 (USD Million)
8.1. Portable
8.2. Fixed
9. Global Magnetometer Market, By Application, 2019-2032 (USD Million)
9.1. Geophysical Survey
9.2. Pipeline Monitoring
9.3. Navigation Services
10. Global Magnetometer Market, By EndUser, 2019-2032 (USD Million)
10.1. Consumer Electronics
10.2. Oil and Gas
10.3. Mining
10.4. Aerospace and defense
10.5. Automotive
10.6. Healthcare
10.7. Industrial
10.8. Others
11. Global Magnetometer Market, By Region, 2019-2032 (USD Million)
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
12. Company Profiles
12.1. Barington Instruments Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Cryogenic Limited
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. FOERSTER Holding GmbH
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Gem Systems Advanced Magnetometers
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Geometrics
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Honeywell International Inc
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Infeneon Technology
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Lake Shore Cryotronics, Inc
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Lockhead Martin Corporation
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Marine Magnetics Corp
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. NXP Semiconductors N.V
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Scintrex Limited
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Tristan Technologies, Inc
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. VectorNav Technologies
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
