Magnetometer Market Growth Rate and Insights 2025-2032
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According to Fortune Business Insights™, the global magnetometer market was valued at USD 3.64 billion in 2024 and is projected to reach USD 7.75 billion by 2032, growing from USD 3.94 billion in 2025 at a compound annual growth rate (CAGR) of 10.2% during the forecast period. North America held the largest market share in 2024, driven by the widespread adoption of advanced magnetometer systems in defense, space exploration, and industrial applications.
Magnetometers are precision instruments used to measure magnetic field strength and direction. They are integral to various sectors such as aerospace, marine navigation, automotive systems, consumer electronics, and geophysical surveys. As industries continue to advance toward smarter, more compact sensing technologies, the demand for magnetometers is increasing due to their high accuracy, small size, and seamless integration with digital systems.
List of Key Magnetometer Companies Profiled
- Honeywell International Inc. (U.S.)
- Geometrics, Inc. (U.S.)
- Billingsley Aerospace & Defense (U.S.)
- AlphaLab, Inc. (U.S.)
- Applied Physics Systems (U.S.)
- Metrolab Technology SA (Switzerland)
- Bartington Instruments Ltd. (U.K.)
- FOERSTER Holding GmbH (Germany)
- Lake Shore Cryotronics, Inc. (U.S.)
- Marine Magnetics Corp. (Canada)
Information Source:
https://www.fortunebusinessinsights.com/magnetometer-market-112875
Segmentation: Magnetometer Market
Space Segment to Grow Steadily with Satellite-Based Deployments in LEO and Scientific Missions
By platform, the market is segmented into airborne, ground, maritime, and space. The space segment is expected to witness the fastest growth due to increasing launches of LEO (Low Earth Orbit) satellites, which rely on compact and high-precision magnetometers for navigation and attitude control systems.
Aerospace & Defense to Emerge as Dominant End-User Amid Rising Investments in Geospatial Intelligence
By end-user, the magnetometer market is categorized into aerospace & defense, consumer electronics, marine/naval, automotive, and others. The aerospace & defense segment held the largest share in 2024 due to extensive use in military aircraft, submarines, drones, and satellite missions requiring precise magnetic field detection.
North America Leads Global Adoption, Backed by High Investments in Space and Defense Programs
Regionally, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the largest share in 2024, bolstered by advanced infrastructure, key magnetometer manufacturers, and robust demand from defense and space agencies such as NASA and the U.S. Department of Defense.
