Global Magnetometer Market Surges as Demand Rises for Precise Magnetic Field Measurement Tools

The global magnetometer market was valued at $2.2 billion in 2022, and is projected to reach $4.2 billion by 2032, growing at a CAGR of 6.6% from 2023 to 2032

A magnetometer is a scientific device that measures the strength, direction, and orientation of a magnetic field. It is used in a variety of fields such as geology, archaeology, mineral exploration, navigation, and aerospace. Magnetometers are also used in consumer electronics, such as smartphones and laptop computers, to detect device orientation and provide location services

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Key Market Players:

‣VectorNav Technologies
‣Marine Magnetics Corp.
‣Lake Shore Cryotronics Inc.
‣Bartington Instruments Ltd.
‣Honeywell International Inc.
‣Gem Systems Inc.