Magnetometer Market Shows Steep Rise Boosted By Integration In Essential Technology - IndustryARC Analysis

Magnetometer Market, Shows Rapid Application In Diverse Sectors With Evolving Technology, Thereby Intensifying Business Scope During The Forecast Period Till 2021

Hyderabad, INDIA

Hyderabad, India, March 17, 2017 (GLOBE NEWSWIRE) -- The report “Magnetometer Market: By Product Type (Single Axis, 3-Axis, 3D), By Form Factor (Stationary Magnetometers, Portable/Mobile Magnetometers), By Technology, By Application & by Geography- Analysis & Forecast (2016- 2021)”, published by IndustryARC, estimates that the utilization of polar navigation methods in particular shall see immense potential in Asia-Pacific.

Browse numerous Market Tables and Figures spread through 147 Pages and an in-depth TOC on “Magnetometer Market 2016- 2021  

Scope & Regional Forecast of the Magnetometer Market:

Magnetometer is an instrument that measures magnetic field using one or more sensors. This measuring device is used for measuring the magnetization of a magnetic material and strength or direction of the magnetic field at a point. Since, magnetic flux density in air is directly linked with the magnetic field strength; therefore magnetometer can detect fluctuations in Earth’s field. These instruments are also utilized in archaeological sites for detecting buried or submerged objects. In coal exploration, magnetometers are used to map hazards to coal mining that can destroy resources. Apart from these applications, magnetometers are also used for detecting of objects such as submarines, sunken ships, toxic waste drums, mineral deposits and others.

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The report gives precise and comprehensive insights on the market trends and dynamics that are shaping this dynamic industry. Magnetometer market is classified on basis of product type, form factor, technology, applications, and geography. By product type, the market is segmented as single axis, 3-axis and 3D magnetometer. By technology, the market can be divided as Hall Effect, MEMS, fluxgate and others. Magnetometers have several applications in consumer electronics, aerospace & defense, commercial and others. With the advent in technology, magnetometer market has witnessed strong growth. Magnetometer market has been triggered by increasing smartphone market owing to its importance in the smartphone application for navigation purpose. The other major growth opportunity for magnetometer market was witnessed from the mining and oil & gas exploration.

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Prominent Segmentations Involved in the Magnetometer Market:
The Magnetometer Market can be broken down into various segmentations on the basis of –

  • Product Type: Single Axis, 3-Axis, 3D.
  • Form Factor: Stationary Magnetometers, Portable/Mobile Magnetometers.
  • Technology: MEMS, Magneto resistive, Fluxgate/Coil, Hall Effect, Magneto Inductive, SQUID, Optically Pumped, Nuclear Precession.
  • Application: Consumer Electronics (Smartphones and Tablets), Aerospace & Defense (Airborne and UAV, Ground, Marine, Space Operations), Education & Research, Commercial (Mineral Exploration, Coal Exploration, Oil & Gas Exploration, Natural Calamities Research and Monitoring (Earthquakes and Volcanology), Archaeology), Healthcare Monitoring, Security, Forensic, Industrial.
  • Geographic Location: Americas, Europe, Asia-Pacific and Rest of the world.

Some of the sample companies profiled in the Magnetometer Market report are as follows:

  • STMicroelectronics N.V.
  • Robert Bosch GmbH 
  • Fat Quarters Software and Electronics
  • Honeywell International Inc.
  • Murata Manufacturing Co., Ltd.
  • Cryogenic Limited
  • S2M Magnetic Bearings
  • GEM Technologies
  • Geometrics
  • Group3 Technology Ltd.

Why buy this report?

  • Get a detailed picture of the Magnetometer Market.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market’s major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.

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Magnetic Sensors Market: By Type (Anisotropic Magneto-Resistive Magnetometer, Hall Effect, Giant Magneto Resistance Magnetometer, & Tunnel Magneto Resistance Magnetometer), By Technology, By Application & by Region, forecast (2016-2021) 

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