Press release
Magnetometer Market Report 2024: Strategies And Recent Developments | Robert Bosch GmbH, Honeywell International Inc., Asahi Kasei Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors, Master Magnetics Inc., Lake Shore Cryotr
Magnetometer Market Trends
The Business Research Company offers in-depth market insights through Magnetometer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 from consumer electronic industry.The magnetometer market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand from industries such as aerospace and defense, surge in application of manometers in automotive sectors. Major trends in the forecast period include advancement in technologies, advancements in sensor technology, and developments in microelectromechanical system (MEMS) technology.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=13875&type=smp
Market Segmentation:
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
Major Driver - Electric Vehicle Popularity Spurs Growth In Magnetometer Industry
The rising demand for electric cars is expected to propel the growth of the magnetometer market going forward. Electric cars are vehicles powered entirely by electricity, typically using one or more electric motors and rechargeable batteries for propulsion. Magnetometers in electric cars are used for accurate navigation and orientation by aiding in sensor fusion with gyroscopes and accelerometers. For instance, in April 2023, according to the International Energy Agency, a France-based intergovernmental organization, total electric car sales increased from 6,500,000 in 2021 to 10,200,000 in 2022. Therefore, rising demand for electric cars is driving the growth of the magnetometer market.
The Rising Tide Of Magnetometer Demand In Aerospace And Defense Industries
The growing aerospace and defense industry is expected to propel the growth of the magnetometer market going forward. The aerospace and defense industry encompasses companies that design, manufacture, and sell aircraft, spacecraft, weapons, and related systems and services for civilian and military purposes. Magnetometers in the aerospace and defense industries are essential for navigation, orientation, and detecting metallic objects in aircraft, spacecraft, and military equipment. For instance, in January 2024, according to Airbus SE, a Netherlands-based aircraft manufacturing company, it achieved an 11% rise in commercial aircraft deliveries in 2023, reaching a total of 735. Therefore, the growing aerospace and defense industry is driving the growth of the magnetometer market.
Competitive Landscape:
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
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/magnetometer-global-market-report
Top Trend - MEMSIC Inc.'s Breakthrough In Precision Magnetic Sensing Technology
Major companies operating in the magnetometer market are developing innovative products, such as AMR magnetometer sensors, to increase their profitability in the market. An AMR (Anisotropic MagnetoResistive) magnetometer sensor is a device that measures magnetic fields by detecting changes in resistance due to the orientation of magnetic field lines relative to the sensor's material. For instance, in February 2023, MEMSIC Inc., a US-based manufacturing company specializing in semiconductors, launched the AMR magnetometer MMC5616WA. These magnetometers offer advanced features for diverse uses like automotive, industrial, and consumer electronics, delivering smart and secure sensing of physical motion and displacement. These sensors are essential in medical, wearable, and smart home applications for their reliable and intelligent detection capabilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Magnetometer Market Characteristics
3. Magnetometer Market Trends And Strategies
4. Magnetometer Market - Macro Economic Scenario
5. Magnetometer Market Size And Growth
…..
27. Magnetometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Report 2024: Strategies And Recent Developments | Robert Bosch GmbH, Honeywell International Inc., Asahi Kasei Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors, Master Magnetics Inc., Lake Shore Cryotr here
News-ID: 3433533 • Views: …
More Releases from The Buisness Research Company
Robotic Total Stations Market Growth Outlook Through 2024-2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Robotic Total Stations Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.39 Bn In 2028…
Advancing Gastroenterology: EPI Therapeutics and Diagnostics Market Trends 2024- …
The exocrine pancreatic insufficiency (epi) therapeutics and diagnostics market size has grown strongly in recent years. It will grow from $5.24 billion in 2023 to $5.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased prevalence of underlying conditions, advancements in diagnostic tools, pharmaceutical developments, rising global healthcare access.
The exocrine pancreatic insufficiency (epi) therapeutics…
Image Recognition Industry - Key Market Dynamics and Trends 2024-2033
The image recognition market size has grown rapidly in recent years. It will grow from $46.53 billion in 2023 to $54.54 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to rise in advances in deep learning and neural networks, growth in computer vision technologies, increase in image data availability, adoption of image recognition in healthcare,…
Overnight Face Mask Market Report 2024: Market Insights
The overnight face mask market size has grown strongly in recent years. It will grow from $23.62 billion in 2023 to $25.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to skin care trends, marketing and influencers, increasing disposable income, consumer education.
The overnight face mask market size is expected to see strong growth in the…
More Releases for Magnetometer
Vibrating Sample Magnetometer Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Vibrating Sample Magnetometer market analysis, which studies the Dynamic Light Scattering (DLS) Analysis's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “ Global Vibrating Sample Magnetometer Market Growth 2020-2025 ” Research Report categorizes the global Dynamic Light Scattering (DLS) Analysis market by key players, product type, applications and regions,etc. The report…
Magnetometer Market Size Analysis: Technological Revolution Fueling Market Growt …
Global Magnetometer Market report 2025 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.
Recent technological advancements in these instruments that enhance their features will support the magnetometer market growth. Developments in the…
MEMS Magnetometer Market Size, Share, Development by 2024
Global Info Research offers a latest published report on MEMS Magnetometer Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-mems-magnetometer-market_p108029.html
Scope of the Report:
The worldwide market for MEMS…
Global Magnetometer Market Research Report 2018-2023
Global Magnetometer Market Research Report contains state-of-the-art budgetary information got from shifted inquire about sources to show one of a kind and solid examination.
Appraisal of significant patterns with potential effect available amid the following five years, including a profound plunge investigation of market division which involves submarkets, local and national level examination. Global Magnetometer Market report gives a thorough point of view toward the piece of the pie alongside…
Atomic Magnetometer Market: Competitive Dynamics & Global Outlook 2023
New report published by Global Info Research which offers insights on the global Atomic Magnetometer market.
Atomic magnetometers are the devices, which are used for high sensitivity detection of magnetic fields in a large number of applications such as locating unexploded underground structures to detecting biomagnetic fields associated with heart and brain.
Click to view the full report TOC, figure and tables：
https://www.globalinforesearch.com/global-atomic-magnetometer-market_p90259.html
Global Atomic Magnetometer Market: Forecast by Type / Application /…
Magnetometer Market - Magnetometer Market to Realize its Potential on Back of Re …
In a highly competitive environment, strategic collaborations are identified as crucial for success by companies operating in the global magnetometer market. In addition to this, several companies are focusing on research and developments to introduce technological advancements, finds Transparency Market Research (TMR) in a new study. For instance, Lawrence Berkley National Laboratory developed an optical atomic magnetometer, which is fashioned to induce better efficiency in MRI systems. The company was…
