According to Fortune Business Insights™, the global magnetometer market was valued at USD 3.64 billion in 2024 and is projected to reach USD 7.75 billion by 2032, growing from USD 3.94 billion in 2025 at a compound annual growth rate (CAGR) of 10.2% during the forecast period. North America held the largest market share in 2024, driven by the widespread adoption of advanced magnetometer systems in defense, space exploration, and industrial applications.

Magnetometers are precision instruments used to measure magnetic field strength and direction. They are integral to various sectors such as aerospace, marine navigation, automotive systems, consumer electronics, and geophysical surveys. As industries continue to advance toward smarter, more compact sensing technologies, the demand for magnetometers is increasing due to their high accuracy, small size, and seamless integration with digital systems.

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