Press release
Magnetometer Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Magnetometer Market
The magnetometer market is poised for further growth due to the escalating interest in electric vehicles. Electric vehicles, propelled solely by electricity, rely on one or multiple electric engines and rechargeable cells. In these vehicles, magnetometers contribute to precise direction-finding and alignment, in conjunction with gyroscopes and accelerometers. As a case in point, the International Energy Agency, a France-based global entity, found that the total electric car sales surged from 6,500,000 in 2021 to 10,200,000 in 2022, providing a substantial momentum to the magnetometer market. Magnetometer Market Driver: Escalating Demand for Magnetometers in Aerospace and Defense Sectors
Get Your Magnetometer Market Report Here:
https://www.thebusinessresearchcompany.com/report/magnetometer-global-market-report
What Is the projected market size and growth rate for the magnetometer market?
Over the past few years, there has been robust growth in the magnetometer market size. This market is set to expand from $2.5 billion in 2024 to $2.69 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The rising adoption of electric vehicles, increased investments in the defense and military sectors for magnetic anomaly detection and surveillance purposes, and a growing demand for manometers in the consumer electronic industry are factors that contributed to the historical growth.
The market for magnetometers is predicted to undergo significant expansion in the coming years, reaching a valuation of $3.4 billion in 2029 with a compound annual growth rate (CAGR) of 6.0%. This growth during the projected period can be associated with a surge in demand from the aerospace and defense sectors as well as the rising application of manometers in the automotive industry. The progress in the forecast period is also likely to be affected by technological advancements, improvements in sensor technologies, and the evolution of microelectromechanical system (MEMS) technology.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13875&type=smp
What new trends are reshaping the magnetometer market and its opportunities?
The magnetometer market's major players are focusing on the development of groundbreaking products such as AMR magnetometer sensors to enhance their market profitability. AMR (Anisotropic MagnetoResistive) magnetometer sensors are unique devices that measure magnetic fields by identifying resistance changes due to the relative orientation of the sensor's material and magnetic field lines. For example, in February 2023, MEMSIC Inc., a semiconductor-specialized manufacturer based in the US, introduced the AMR magnetometer MMC5616WA. These magnetometers provide state-of-the-art features for a wide range of applications like in the auto industry, consumer electronics, and industrial field, supplying intelligent and secure sensing for physical movement and displacement. Additionally, these sensors are invaluable for their dependable and smart detection capabilities, especially in wearable tech, medical, and smart home applications.
What major market segments define the scope and growth of the magnetometer market?
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
Subsegments:
1) By Scalar Magnetometer: Total Field Magnetometers, Proton Magnetometers, Overhauser Magnetometers
2) By Proton Precession: Portable Proton Magnetometers, Fixed Proton Magnetometers, Marine Proton Magnetometers
3) By Fluxgate: Single-Axis Fluxgate Magnetometers, Three-Axis Fluxgate Magnetometers, Miniature Fluxgate Sensors
4) By Vector Magnetometer: Three-Component Vector Magnetometers, Airborne Vector Magnetometers, Laboratory Vector Magnetometers
5) By Optical Pumping: Alkali Vapor Magnetometers, Helium-4 Magnetometers, Potassium Optical Magnetometers
6) By Other Types: Cryogenic Magnetometers, Induction Coil Magnetometers, SQUID (Superconducting Quantum Interference Device) Magnetometers
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13875
Which region dominates the magnetometer market?
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.
Which key market leaders are driving the magnetometer industry growth?
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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=13875&type=smp
What Is Covered In The Magnetometer Global Market Report?
•Market Size Forecast: Examine the magnetometer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the magnetometer market for a structured understanding.
•Key Players Overview: Analyze major players in the magnetometer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the magnetometer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the magnetometer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the magnetometer market.
•Industry Challenges: Identify potential risks and obstacles affecting the magnetometer market.
•Competitive Landscape: Review strategic developments in the magnetometer market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magnetometer Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3917776 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Magnetometer
Hall Magnetometer Research:CAGR of 9.0% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Hall Magnetometer- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
The…
Hall Magnetometer Research:CAGR of 7.0% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Hall Magnetometer- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
The Hall magnetometer uses the…
Fluxgate Magnetometer Research:CAGR of 6.3% during the forecast period
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Fluxgate Magnetometer- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
Fluxgate Magnetometer is a sensor…
Atomic Magnetometer Market Size 2024 to 2031.
Market Overview and Report Coverage
An atomic magnetometer is a device that uses the principles of quantum physics to detect and measure magnetic fields with high sensitivity. These devices are becoming increasingly popular in a wide range of applications, including medical imaging, geophysical exploration, and security screening.
The current outlook for the atomic magnetometer market is positive, with significant growth expected in the coming years. The market is expected to…
Magnetometer Market: Analyzing Global Trends and Opportunities 2024
The magnetometer market size has grown strongly in recent years. It will grow from $2.32 billion in 2023 to $2.50 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. 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…
Magnetometer Sensor Market Share, Global Industry Outlook 2031
A report by Transparency Market Research (TMR) provides 360-degree analysis of the global Magnetometer Sensor market. Hence, readers get access to thorough assessment of important factors including the growth drivers, challenges, R&Ds, and business expansion opportunities in the market during the forecast period, 2022 to 2031.
The key objective of the report is to offer a complete assessment of the global market including major leading stakeholders of the Magnetometer Sensor industry.…
