Magnetometer Market size 2025-2032

1. The global magnetometer market was valued at USD 3.64 billion in 2024 and is expected to grow from USD 3.94 billion in 2025 to USD 7.75 billion by 2032, registering a compound annual growth rate (CAGR) of 10.2% during the forecast period. North America held the largest market share in 2024, driven by extensive use of advanced magnetometer systems in defense, space exploration, and industrial sectors. Magnetometers are highly precise instruments designed to measure the strength and direction of magnetic fields. They are essential across a wide range of applications, including aerospace, marine navigation, consumer electronics, automotive systems, and geophysical surveys. With the growing shift toward smarter sensing solutions, magnetometers are increasingly being adopted for their compact design, high accuracy, and seamless integration with digital technologies. Fortune Business Insights™ displays this information in a report titled, “Magnetometer Market Size, Share, and Global Forecast 2025–2032.” Magnetometer Market ???? ?????? ????? ??????????????? ????????????????????? ?????????? ???????? ???????           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: Information Source: https://www.fortunebusinessinsights.com/magnetometer-market-112875

2. Segmentation: Magnetometer Market 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. MARKET DYNAMICS MARKET DYNAMICS Market Drivers Growing Use of Magnetometers in UAVs and Autonomous Systems to Boost Market Growth The rising adoption of UAVs and drones in defense and commercial sectors is driving demand for magnetometers. These devices are essential for navigation, especially in GPS-denied environments, by measuring Earth’s magnetic field. Their use in aerospace for satellite positioning and in defense for detecting magnetic anomalies is further accelerating market growth. Market Restraints Interference and Calibration Challenges to Hinder Market Growth Magnetometer performance can be affected by interference from nearby metals or electronic devices, leading to reduced accuracy. Additionally, they require regular calibration and maintenance, increasing operational complexity and costs. These issues may limit wider adoption, particularly in critical aerospace and defense applications. ??? ??????????? ??????????????????? ??????????? December 2024— MDA Space selected Honeywell to supply Attitude Control Systems and Magnetometer Unit components, including Reaction Wheel Assemblies and 3-axis Space Rate Sensors, for the MDA AURORA satellite line. These systems will support Telesat’s LEO constellation by maintaining orientation and enhancing signal reliability and solar energy absorption.