Magnetometer Market 2018 to 2026; Worldwide Industry Highest Growth CAGR of 6.7% | Major Players: Bartington Instruments, Cryogenic Limited, Fat Quarters Software and Electronics, GEM Technologies| Global Industry Forecast

Market Highlights:

Vector magnetometer technology segment is likely to remain the major segment over the next seven years. Consumer electronics applications segment is expected to witness large market revenue over the forecast period. The Asia Pacific region accounted for the largest market share and is anticipated to grow at the highest rate due to massive demand for consumer electronics and automobiles from countries such as China, India, Japan, South Korea, and among others. North America followed by Europe is projected to be the largest market.

According to Market Prognosis, the Global Magnetometer market is accounted for $8.64 billion in 2017 and is expected to reach $15.46 billion by 2026 growing at a CAGR of 6.7%. Increasing investments in research & development activities, growing utilization of magnetometer in various applications, and recent technological advancements are some of the factors bolstering the market growth during the forecast period. Furthermore, raising adoption in consumer electronics is another factor fuelling the market growth. On the other hand, intense competition and declining average selling price are hindering the market.

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Top Industry Players:

Some of the key players in Magnetometer market include Bartington Instruments Ltd, Cryogenic Limited, Fat Quarters Software and Electronics, GEM Technologies, Geometrics, Group3 Technology Ltd., Honeywell International Inc., Infineon Technologies AG, Institut Dr. Foerster GmbH & Co. KG., Lake Shore Cryotronics, Inc., Lockheed Martin Corporation., Marine Magnetics Corp., Murata Manufacturing Co., Ltd., NXP Semiconductors N.V, Robert Bosch GmbH, S2M Magnetic Bearings, Scintrex, STMicroelectronics N.V., Tristan Technologies, Inc., and VectorNav Technologies.

Key features of Magnetometer market:
• In-depth knowledge of Magnetometer market that supports opportunities, growth, restraints and practicability study.
• Study of emerging markets furthermore a complete analysis of existing Magnetometer market segments.
• Dominating market Magnetometer players are cited in the report.
• The developing Magnetometer market tendencies and technologies have accelerated number of enterprise models and corporations across the globe.
• Decent classification of Magnetometer market is done on the basis of end-user applications, major product type, mode of transport, market size, and application.
• The data provided in this research Magnetometer report is descriptive not only in terms of quantity but also quality

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Market Segments:

Form Factors Covered:
• Fixed
• Portable
Product Types Covered:
• 3 –Axis
• 3 Dimensional
• Single Axis
Technologies Covered:
• Vector Magnetometers
• Scalar Magnetometer
Applications Covered:
• Consumer Electronics
• Defense and Aeronautics (including Space)
• Health care monitoring
• Industrial
• Natural Calamities Research and Monitoring
• Pipe line monitoring
• Energy
• Surveyors

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