Magnetometer Market Global Industry Analysis and Forecast Till 2025

Magnetometer is an instrument which measures magnetism of magnetic properties or material such as ferromagnet, or the strength, direction, or the associated change of a magnetic field at a specific area. Magnetometers are used to measure the strength of the magnetic field and in some cases direction of the field. Magnetometer has wide range of applications in archeological surveys, geographical surveys, space explorations, metal detector among others. The magnetometer market has been segmented into by product type which includes single axis, 3 - axis and 3 dimensional among others. The market has been segmented into by technology which includes scalar magnetometers, vector magnetometers. Scalar magnetometers are segmented into proton precession magnetometer, overhauser effect magnetometer, and ionized gas magnetometers. Vector magnetometers are segmented into fluxgate magnetometer, squid magnetometers, search-coil magnetometer, rotating coil magnetometer, magneto resistive magnetometer among others. The market has been segmented into by end use industry which includes automotive, oil and gas, building automation, industrial, consumer electronics, aerospace and defense, healthcare and industrial among others. The market for magnetometer by region has been segmented into, Asia Pacific, MEA (Middle East and Africa), North America, Europe and South America.

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The market for magnetometer is segmented into by technology which includes scalar magnetometer and vector magnetometers. Scalar magnetometer primarily measures accurately the scalar value of the magnetic flux intensity. Vector magnetometer measures the magnitude and the direction of magnetic field. Moreover, scalar magnetometer is segmented into proton precession magnetometer, overhauser effect magnetometer, and ionized gas magnetometers. Proton precession magneto meter uses the NMR (nuclear magnetic resonance) to measure the resonance frequency of the protons in a magnetic field. Overhauser effect magnetometer applied a low power radio frequency signal instead of solenoid in order to align the protons in a magnetic field. Ionized gas magnetometers provide more accurate results than proton precession magnetometer. This frequency variation primarily measures the intensity of the magnetic field. Furthermore, vector magnetometer is segmented into SQUID magnetometers, fluxgate magnetometer, search-coil magnetometer, rotating coil magnetometer and magneto resistive magnetometer among others. Magnetometer has application in the archaeological sites in order to detect the submerged and buried objects. Moreover, it also has applications in coal mines to detect the sills and other particles which results in explosion. Increasing research and development activities in the field of magnetometer is fueling the demand in different regions.

The major end use industry of magnetometer includes automotive, healthcare, oil and gas, industrial and building automation among others. Defense and aerospace is one of the prime end use industries of magnetometer globally. Moreover, magnetometers are also used for geophysics, pipeline monitoring, to detect plasma flows among others. Furthermore, magnetometers are also used to detect the direction of the drilling processes. Healthcare monitoring is one of the key applications of the magnetometer globally. The growing proliferation of smartphone and technological revolution in the consumer electronics industry has triggered growth of the magnetometers market owing to its importance in the smartphone application for navigation purpose. The increasing demand and application of magnetometers across the oil and gas exploration, coal and mineral exploration is boosting the market. The rising application of magnetometers in the operations related to near earth and space exploration is one of the major opportunities for the market.

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In 2016, North America accounted for the largest market share for magneto meter in terms of revenue, followed by Asia Pacific and Europe. The U.S. is dominating the market for magnetometers across North America. In Asia Pacific, China is leading the market across Asia Pacific, followed by India. In Europe, Germany accounted for the largest share of the market in terms of revenue. Brazil. U.A.E and South Africa is anticipated to contribute positive development in the magnetometers market across South America and Middle East and Africa.

NXP Semiconductors N.V. (The Netherlands), Infineon Technologies AG (Germany), Geometrics (The U.S.), GEM Technologies (India), Honeywell International Inc. (The U.S.) is some of the major companies operating in the magnetometer market globally.

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