Global Magnetic Magnetometers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Scalar Magnetometer, and Vector Magnetometer.

By Application;

Maritime Survey & Research, Offshore Oil & Gas Exploration, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn266875397 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Magnetic Magnetometers Market (USD Million), 2021 - 2031

In the year 2024, the Global Magnetic Magnetometers Market was valued at USD 1137.89 million. The size of this market is expected to increase to USD 1827.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

Magnetic magnetometers operate on various principles, including fluxgate, superconducting quantum interference device (SQUID), and optically pumped technologies. They offer high sensitivity and precision, making them invaluable for scientific research and industrial applications where accurate magnetic field measurements are required.

The global magnetic magnetometers market has witnessed significant growth driven by advancements in technology and increasing demand from various end-user industries. Key sectors such as defense and aerospace, mining and exploration, and automotive are primary contributors to this growth. The expanding use of magnetometers in non-invasive testing and exploration applications, coupled with advancements in miniaturization and integration, is further propelling the market. Additionally, the growing emphasis on environmental monitoring and resource exploration is fueling the need for more sophisticated and reliable magnetometer solutions.

Geographically, the market is experiencing robust expansion across North America, Europe, Asia-Pacific, and other regions. North America remains a dominant player due to its strong industrial base and technological advancements, while Asia-Pacific is emerging as a significant growth area due to increasing industrial activities and technological adoption in countries like China and India. The competitive landscape is characterized by a mix of established players and innovative newcomers, each striving to advance magnetic measurement technologies and meet the evolving needs of various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Magnetic Magnetometers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Growing Industrial Applications
        3. Increased Research & Development
        4. Rising Demand for Environmental Monitoring
      2. Restraints
        1. High Equipment Costs
        2. Complexity in Calibration
        3. Limited Awareness in Emerging Markets
        4. Environmental Sensitivity
      3. Opportunities
        1. Emerging Market Growth
        2. Advances in Miniaturization
        3. Integration with IoT
        4. Development of Portable Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Magnetic Magnetometers Market, By Type, 2021 - 2031 (USD Million)
      1. Scalar Magnetometer
      2. Vector Magnetometer
    2. Global Magnetic Magnetometers Market, By Application, 2021 - 2031 (USD Million)
      1. Maritime Survey & Research
      2. Offshore Oil & Gas Exploration
      3. Others
    3. Global Magnetic Magnetometers Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aquascan
      2. Honeywell
      3. Geometrics
      4. JW Fishers
      5. Marine Magnetics Corp
      6. MicroSense, LLC
      7. Mitcham Industries
      8. Sea Surveyor
      9. Shark Marine Technologies
      10. Subsea Technology & Rentals
  7. Analyst Views
  8. Future Outlook of the Market