Market Overview:
A research study titled, “Magnetometer Market By Technology, Product Type, Application And Form Factor - Global Industry Analysis And Forecast To 2023” published by Crystal Market Research, states that 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.
Industry Outlook and Trend Analysis:
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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Top Key Vendors:
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 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
Regional Insights:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia and Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
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
6.Magnetometer Market, By Product Type
6.1.Introduction
6.2.Global Magnetometer Sales, Revenue and Market Share by Product Type (2014-2018)
6.4.3 – Axis
6.5.3 Dimensional
7.Magnetometer Market, By Application
7.1.Introduction
7.2.Global Magnetometer Sales, Revenue and Market Share by Application (2014-2018)
7.3.Surveyors
7.4.Energy
7.5.Health Care Monitoring
7.6.Pipe line monitoring
7.7.Natural Calamities
7.8.Research and Monitoring
7.9.Industrial
7.10.Defense and Aeronautics
7.11.Consumer Electronics
8.Magnetometer Market, By Form Factor
8.1.Introduction
8.2.Global Magnetometer Sales, Revenue and Market Share by Form Factor (2014-2018)
8.3.Fixed
8.4.Portable
...
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Key Growing Factors:
Magnetometers have been a standout amongst the most vital pillars of advanced science. Its importance in space exploration, research, oil & gas, near earth geometrics and minerals exploration and consumer electronics has changed the human life to a more prominent degree. This has vastly driven the demand for Magnetometers in several application areas. As of late, the magnetometers market has seen an enormous development, attributable to its consistently expanding applications. The lion's share of sellers in the magnetometers market are spending more in R&D exercises to multiply and enhanced situating of their products in the market.
Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Magnetometer Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Global Magnetometer Market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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About Crystal Market Research:
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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