Report Overview

Global Magnetometer Market: Overview

Global Magnetometer market is anticipated to worth USD 1,901 million by 2025, with a CAGR of 5.9% during 2019-2025. Magnetometers are devices that are used to measure magnetic fields. A magnetometer is an instrument with a sensor that measures magnetic flux density. Since the magnetic flux density is proportional to the magnetic field strength so the output directly gives the intensity or strength of the magnetic lines. Growing utilization of Magnetometer in archaeological sites for the detection of submerged or buried objects and uses for detecting mineral deposits, depressed ships, and submarines are vital factors expected to encourage the growth of the global Magnetometer market in the upcoming period.

In addition, the upsurge in the use of smartphones coupled with utilization of augmented reality or maps through these smartphones which using solid-state technology for identifying the earth’s magnetic field along three perpendicular axes will boost the global magnetometer market growth. Moreover, increasing investments in research & development activities, growing utilization of magnetometer in various industries like energy, healthcare monitoring, pipeline monitoring, natural calamities, industrial, defense & aeronautics, and consumer electronics will bolster the Magnetometer market in the forecast period. 

Magnetometers devices with built-in GPS that provide integrated and seamless positioning solutions such as electronics devices like smartphones will trigger the global Magnetometer market in the future timeline. Furthermore, the growing application of magnetometer in oil & gas and space exploration activities will fuel the global Magnetometer market in the forecast period.

Magnetometer Technology Type analysis

On the basis of Technology type, the Magnetometer market has been segmented into Scalar Magnetometer and Vector Magnetometer. Vector Magnetometer dominates the global Magnetometer owing to its features to measure the flux density value in a specific direction in 3D space. Moreover, the growing use of the vector in the aerospace industry where Satellites using it for measure magnetic fields of other planets and moons. Scalar Magnetometer by growing utilization of it in volcanology applications, environmental surveys, geophysical exploration, weapon detection, and other scientific applications which measure the specific magnitude of magnetic fields.

Magnetometer Product Type analysis

On the basis of Product type, the Magnetometer market has been segmented into Single Axis, 3 – Axis, and 3 Dimensional. 3-axis lead the global Magnetometer owing to its small size and high performance, the sensor is ideal for mobile phones, tablets or personal navigation devices. Moreover, features of 3-axis like unique flexibility which make easy movement and position detection in space-constrained products such as smartphones and personal navigation devices. Single axis market will boost by its features like high quality low magnetic field measurements which use for general purpose magnetometer applications.

Magnetometer Application Type Analysis

On the basis of Application, the global Magnetometer market has been segmented into Surveyors, Energy, Health Care Monitoring, Pipe Line Monitoring, Natural Calamities Research & Monitoring, Industrial Defense & Aeronautics, and Consumer Electronics. By application type, Consumer Electronics will lead the market due to the huge demand of electronics devices enabled with internet connectivity coupled with increment in location-based equipment in these devices. Industrial Defense & Aeronautics will grow by applications of the magnetometer for the precise detection of the resources. Pipe Line Monitoring will influence by its uses for detection of near-surface hazards.

Regional analysis of Magnetometer market

On the basis of region, the Magnetometer market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Magnetometer market over the forecast period owing to the rising investments in magnetometer across various industries such as defense and aeronautics, consumer electronics. The Asia Pacific is projected to be the fastest growing market throughout the forecast period due to growth in the consumer electronics industry coupled with rapid industrialization. Moreover, the demand for magnetometer in the healthcare industry for diagnostic system will boost the Asia Pacific region.

Objective of the Study:

        ·         To analyze and forecast market size of the world Magnetometer market, in terms Value.

·         To examine the careful market segmentation and forecast the market size, in terms of value, on the premise of region by segmenting world Magnetometer market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East and geographical area.

·         To outline, categorized and forecast the world Magnetometer on the premise of, technology type, product kind and application.

·         To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world Magnetometer market.

·         To pinpoint the drivers and challenges for world Magnetometer Market

·         To spot the profile of leading players, that area unit concerned within the producing and provide off Magnetometer globally.

Global Magnetometer Market Competitive Landscape

Companies such as Bartington Instruments Ltd, Cryogenic Limited, GEM Technologies, Geometrics, Inc., Honeywell International, Inc., Infineon Technologies AG, Foerster Holding GmbH, Lake Shore Cryotronics, Inc., Lockheed Martin Corporation, NXP Semiconductors N.V., Scintrex Limited, Marine Magnetics Corp., Tristan Technologies, Inc., Robert Bosch GmbH. and VectorNav Technologies. are the key players for Manufacturing of Magnetometer.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Magnetometer Manufacturing firms

·         Research organizations and consulting companies

·         Global Magnetometer distributors

·         Organizations, associations and alliances related to Magnetometer market

·         Regulatory bodies

Scope of the Report

By Technology Type

·         Scalar Magnetometer

·         Vector Magnetometer

By Product Type

·         Single Axis

·         3 – Axis

·         3 Dimensional

By Application

·         Surveyors, Energy

·         Health Care Monitoring

·         Pipe Line Monitoring

·         Natural Calamities Research & Monitoring

·         Industrial Defense & Aeronautics

·         Consumer Electronics

In addition, the report provides analysis of the Magnetometer market with respect to the following geographic segments:

North America

·         U.S.

·         Canada

Europe

·         Germany

·         U.K.

·         Italy

·         France

·         Rest of Europe

Asia Pacific (APAC)

·         China

·         India

·         Japan

·         Australia

·         South Korea

·         Indonesia

·         Rest of Asia Pacific

LATAM

·         Brazil

·         Argentina

·         Rest of Latin America

MEA

·         Saudi Africa

·         UAE

·         Egypt

·         Rest of Middle-East

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.