Press release
Surging Demand For Electromagnetic Tracking Systems Fueled By The Soaring Popularity Of Virtual And Augmented Reality Experiences: Critical Driver Shaping the Electromagnetic Tracking Systems Market in 2025
Electromagnetic Tracking Systems
Electromagnetic Tracking Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for electromagnetic tracking systems has experienced fast-paced growth in recent years. The projected increase is from $1.02 billion in 2024 to $1.13 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. Factors contributing to the growth in the historic period include improvements in customer experience, digital transformation, the rising demand for personalization, applications in healthcare, and the media and entertainment industry.
Electromagnetic Tracking Systems Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a rapid expansion in the electromagnetic tracking systems market in the coming years. By 2029, it is projected to reach $1.71 billion, with a compound annual growth rate (CAGR) of 10.8%. This predicted growth over the forecast period is due to factors such as the rise in AI and machine learning use, increased emotional intelligence awareness, the growing use of digital channels for brand outreach, an upsurge in IoT devices, and a rising demand for enhancing sales performance. The forecast period will also see significant trends such as technological advancements, development in sensing devices, progression in AI and machine learning, product innovation, and mergers and acquisitions.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electromagnetic-tracking-systems-global-market-report
What Are the Drivers Transforming the Electromagnetic Tracking Systems Market?
The burgeoning interest in virtual and augmented reality is projected to spur the expansion of the electromagnetic tracking systems market. These tracking systems are increasingly in demand due to their capability to provide accurate and real-time tracking in applications such as healthcare, robotics, and augmented reality. These systems play a pivotal role in virtual and augmented reality applications, enabling precise monitoring of the position and orientation of devices or sensors, resulting in enhanced real-time interactions and elevated user experiences. For instance, XR Today, a UK-based technology podcast company in the United States reported in February 2023, that the number of people owning a VR headset was approximately 57.4 million in 2020, but it is anticipated to add a further 37.7 million by 2022. Stefanini IT Solutions, a Brazil-based software firm further reported in January 2023, that there are approximately 1.4 billion AR users worldwide in 2023, and they predict it to surge to 1.73 billion by 2024. Consequently, the growing interest in virtual and augmented reality acts as a catalyst for the expansion of the electromagnetic tracking systems market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13646&type=smp
What Long-Term Trends Will Define the Future of the Electromagnetic Tracking Systems Market?
Prominent players in the electromagnetic tracking system market are currently working on the advancement of the OGx network. This is primarily geared towards enhancing their tracking capabilities by providing global coverage to Internet of Things (IoT) applications. Real-time tracking of assets in distant and inaccessible areas has been made possible by this specific satellite network, thus addressing the shortcomings of conventional cellular networks. Case in point, the US-based company ORBCOMM, renowned for its specialisation in satellite communication and IoT solutions, unveiled its premier native satellite tracker, SC 1000, for the upgraded OGx network in October 2024. The ground-breaking tracker can be set up within minutes, offering smart visibility and satellite tracking in a cost-effective, sleek and rugged solar-powered design, thereby making it the go-to choice for a wider array of satellite IoT applications.
Which Segments in the Electromagnetic Tracking Systems Market Offer the Most Profit Potential?
The electromagnetic tracking systems market covered in this report is segmented -
1) By Technology: Optical Navigation Systems, Electromagnetic (Em) Navigation Systems, Hybrid Navigation Systems, Fluoroscopy-Based Navigation System, Other Technologies
2) By Distribution Channel: Direct Tender, Retail Sales, Online Sales
3) By Application: Orthopedic Tracking System, Ear, Nose, And Throat (ENT) Tracking System, Cardiac Tracking Systems, Electrophysiology Tracking Systems, Neuronavigation Tracking Systems, Dental Tracking Systems, Other Systems
4) By End User: Healthcare Facilities, Military And Defense, Industrial Automation
Subsegments:
1) By Optical Navigation Systems: Infrared Optical Systems, Visible Light Optical Systems
2) By Electromagnetic (EM) Navigation Systems: Active EM Systems, Passive EM Systems
3) By Hybrid Navigation Systems: Combination Of Optical And EM Systems, Integration With Inertial Sensors
4) By Fluoroscopy-Based Navigation System: Real-Time Fluoroscopy Systems, 2D Or 3D Fluoroscopy Integration
5) By Other Technologies: Acoustic Navigation Systems, GPS-Based Systems, Inertial Navigation Systems
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13646&type=smp
Which Firms Dominate the Electromagnetic Tracking Systems Market by Market Share and Revenue in 2025?
Major companies operating in the electromagnetic tracking systems market report are Medtronic PLC, Koninklijke Philips N.V., Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith+Nephew, DePuy Synthes Companies, KARL STORZ SE & Co. KG, NuVasive Inc., Globus Medical Inc., TT Electronics PLC, Heal Force Bio-Meditech Holdings Limited, Brainlab AG, Northern Digital Inc., Premo S.L., NeuroLogica Corporation, Augmedics Ltd., MediGuide Ltd., OrthAlign Inc., Skeletal Dynamics LLC, Polhemus Corporation, OrthoGrid Systems Inc., Radwave Technologies Inc., Ommo Technologies, Amfitech ApS
Which Regions Offer the Highest Growth Potential in the Electromagnetic Tracking Systems Market?
North America was the largest region in the electromagnetic tracking systems market in 2024. The regions covered in the electromagnetic tracking systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13646
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
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 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 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 Surging Demand For Electromagnetic Tracking Systems Fueled By The Soaring Popularity Of Virtual And Augmented Reality Experiences: Critical Driver Shaping the Electromagnetic Tracking Systems Market in 2025 here
News-ID: 4122404 • Views: …
More Releases from The Business Research Company
Key Drivers Reshaping the Purvalanol A (CDK Inhibitor) Market: Increasing Preval …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Purvalanol A (CDK Inhibitor) Market Size Growth Forecast: What to Expect by 2025?
The market size for purvalanol A (CDK inhibitor) has witnessed a substantial expansion in the past few years. It is projected to escalate from $0.58 billion in 2024 to $0.64 billion in 2025, with a compound…
Growing Emphasis On Personalized Medicine Driving The Market Due To Advances In …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Polygenic Risk Score Services Market Size Growth Forecast: What to Expect by 2025?
The market size for polygenic risk score services has seen considerable growth in recent years. Anticipated to increase from $1.24 billion in 2024 to $1.45 billion in 2025, it projects a compound annual growth rate (CAGR)…
Future of the Global Pharmaceutical Unit-Dose Packaging Market: Trends, Innovati …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pharmaceutical Unit-Dose Packaging Market Size Growth Forecast: What to Expect by 2025?
The market size of the pharmaceutical unit-dose packaging industry has experienced quick expansion in the recent past. The market, valued at $48.78 billion in 2024, is projected to rise to $54.50 billion in 2025, reflecting a compound…
Personal Care Product Testing Market Poised to Hit $10.37 Billion by 2029 with A …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Personal Care Product Testing Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size for personal care product testing has seen robust growth. It's projected to increase from $7.28 billion in 2024 to $7.84 billion in 2025, with a compound annual growth…
More Releases for Tracking
Eye Tracking Market Overview: Tracking Insights for Industry Growth
Eye Tracking Market is expected to reach US$ 43.65 million, by 2029, thanks to the pharmaceutical and biotechnology industries segment. The report analyses Eye Tracking Market dynamics and market trends.
Eye Tracking Market Report Scope and Research Methodology
Report Scope: The Eye Tracking Market report provides a comprehensive analysis of the market trends from 2018 to 2022, offering insights into the impact of the COVID-19 pandemic on the market in 2020 and…
Label Tracking, Bluetooth Tracking And GPS Tracking Market Size 2022 By Top Key …
The Label Tracking, Bluetooth Tracking And GPS Tracking Market Report provides In-depth analysis on the market status of the Label Tracking, Bluetooth Tracking And GPS Tracking Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe., the Label Tracking, Bluetooth Tracking And GPS Tracking Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre…
Label Tracking, Bluetooth Tracking and GPS Tracking Market 2022 | Detailed Repor …
The Label Tracking, Bluetooth Tracking and GPS Tracking research report studies primary and secondary research in order to analyze the data effectively. The market study further also draws attention to crucial industry factors such as global clients, potential customers, and sellers, which instigates positive company growth. In order to gauge the turning point of the businesses, significant market key players are also enlisted in order to deliver readers with in-depth…
RFID in Healthcare Market (Asset Tracking, Patient Tracking, Pharmaceutical Trac …
RFID in Healthcare Market grew at an average yearly rate of around 18% during the timeframe (2018-2020). RFID is helping to optimize the operations of healthcare organizations in areas like asset management, patient tracking, equipment tracking and similar others. In the present scenario, inventory management and theft are problems that the industry faces and this technology has been very vital in dealing with such challenges. Similarly, real time patient tracking…
Player Tracking Market by Application (Fitness Tracking, Performance Tracking, F …
According to Market Study Report, Player Tracking Market provides a comprehensive analysis of the Player Tracking Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Player Tracking Market. An exclusive data offered in this report is collected by research and industry experts team.
The Global Player Tracking Market is…
Position Tracking System Market 2019 Global Key Players: GPATS, Position Trackin …
Position Tracking System Market Highlights:
The position tracking system market isn’t just growing, it is accelerating. Position tracking system allows tracking the current position of an object or a person through sensors and technologies being implemented. GPATS, Position Tracking Systems, Kongsberg Maritime and Advanced Real-time Tracking are a few major players in the global position tracking system market.
Growing demand for indoor position tracking system from retailers and other industry verticals is…
