The Magnetometer Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Magnetometer Market?
The global magnetometer market has experienced substantial growth recently. The market size is projected to rise from $2.5 billion in 2024 to $2.69 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Magnetometer Industry?
The Magnetometer Global Market is predicted to reach a value of $3.4 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%.
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What are the Key Growth Drivers Fueling the Magnetometer Market?
The key drivers in the magnetometer market are:
• Rising demand from aerospace and defense industries
• Surge in the consumption of magnetometers in the automotive sector
• Technological advancements in magnetometers
• Progress in microelectromechanical system (MEMS) technology
Global Market Segmentation: Identifying Major Magnetometer Industry Segments
The magnetometer market covered in this report is segmented –
1) By Type: Scalar Magnetometer, Proton Precession, Fluxgate, Vector Magnetometer, Optical Pumping, Other Types
2) By Form Factor: Portable, Fixed
3) By Application: Navigation, Space Exploration, Medical Devices, Geophysics And Mining, Industrial Automation, Other Applications
4) By Industry Vertical: Aerospace And Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Other Industries
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What are the Emerging Trends Shaping the Future of the Magnetometer Market?
The key trends in the magnetometer market are:
• Increasing demand from aerospace and defense industries is influencing the future of the market.
• The application of magnetometers in automotive sectors is a rising trend.
• Advancement in technology is shaping the magnetometer market.
• Developments in sensor technology and microelectromechanical system (MEMS) technology are major trends.
Who Are the Top Competitors & Leading Players in the Magnetometer Market?
Major companies in the magnetometer market 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
Regional Dominance: Which Area Leads the Global Magnetometer Market?
North America was the largest region in the magnetometers market in 2024
