The global magnetometer market size was valued at USD 3.64 billion in 2024. It is projected to grow from USD 3.94 billion in 2025 to USD 7.75 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period. North America accounted for the largest market share in 2024, driven by the widespread deployment of advanced magnetometer systems in defense, space exploration, and industrial applications.

Magnetometers are precision instruments used to measure magnetic field strength and direction, and they play a critical role in applications across aerospace, marine navigation, consumer electronics, automotive systems, and geophysical surveys. As industries push toward smarter sensing technologies, the adoption of magnetometers is rising due to their compact size, accuracy, and compatibility with digital systems.

Fortune Business Insights™ displays this information in a report titled, "Magnetometer Market Size, Share, and Global Forecast 2025–2032."

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