Magnetometer Market to Rear Excessive Growth during 2014 – 2023

in magnetometer •  7 years ago 

Competitive Insights:
The major players in the market are Infineon Technologies, Lockheed Martin, NXP Semiconductors, Honeywell, Scintrex Limited, Lake Shore Cryotronics Inc, Bartington Instruments Ltd, Cryogenic Limited, Lake Shore Cryotronics Inc, Geometrics Inc and Foerster Holding GmbH. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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The Magnetometer Market is segmented as follows-

By Technology:
Vector Magnetometer
Scalar Magnetometer

By Product Type:
Single Axis
3 – Axis
3 Dimensional

By Application:
Energy
Pipe line monitoring
Research and Monitoring
Defence and Aeronautics
Surveyors
Health Care Monitoring
Natural Calamities
Industrial
Consumer Electronics

By Form Factor:
Portable
Fixed

Industry Outlook and Trend Analysis:
The Magnetometer Market was worth USD 7.08 billion in 2014 and is expected to reach approximately USD 14.95 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.66% during the forecast period.

A magnetometer is a tool that measures magnetism—either the magnetization of an attractive material like a ferromagnet, or the strength, direction, or relative difference in a magnetic field at a specific area. A compass is a simple sort of magnetometer, one that measures the direction of an encompassing magnetic field. Magnetometers are broadly used for estimating the Earth's attractive field and in geophysical studies to recognize magnetic anomalies of various types. They are used in the military to identify submarines. Magnetometers can be useful as metal detectors: they can detect just magnetic metals, however can detect such metals at a substantially bigger depth than ordinary metal detectors; they are fit for detecting big objects, for example, at tens of metres, cars, while a metal detector's range is rarely more than 2 metres.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5.Magnetometer Market, By Technology
5.1.Introduction
5.2.Global Magnetometer Sales, Revenue and Market Share by Technology (2014-2018)
5.3.Scalar Magnetometer
5.4.Vector Magnetometer
To be Continued...

Regional Outlook and Trend Analysis:
Geographically, North America held predominance in 2016 as the area has major players in the market. Among countries reflecting lucrative prospects, the US has developed at fore on the back of huge technological progressions saw over the most recent couple of years. Development observed in this territorial magnetometer market is pumped by the expanding venture crosswise over different enterprises, for example, defence and aeronautics, consumer electronics among others.

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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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