Magnetometer Market Size and Share

Magnetometer Market Summary
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Magnetometer Market Analysis by Mordor Intelligence

The global magnetometer market size reached USD 2.60 billion in 2025 and is forecast to attain USD 3.48 billion by 2030, reflecting a 6.1% CAGR over the period. Momentum stems from quantum-grade positioning systems that outperform conventional GPS backups, rapid adoption of 3-axis MEMS variants in consumer devices, and heightened demand for high-sensitivity sensors across autonomous navigation, mineral exploration, and subsea security programs. Vertical integration strategies, exemplified by Honeywell’s Civitanavi acquisition, are redefining competitive boundaries as suppliers race to secure rare-earth inputs and proprietary quantum sensing. Asia-Pacific currently anchors hardware production, yet North America is scaling fastest on the back of defense contracts that specify magnetic navigation redundancy. Meanwhile, optically pumped platforms are moving from laboratory prototypes to routine medical imaging, eliminating the cryogenics that once hindered clinical uptake.

Key Report Takeaways

  • By product type, 3-axis units held 36.1% of the magnetometer market share in 2024, while gradiometers are projected to expand at a 6.9% CAGR through 2030.
  • By technology, Hall-effect devices led with 27.4% share in 2024; optically pumped systems are expected to advance at a 6.5% CAGR by 2030.
  • By form factor, hand-held and portable versions accounted for 39.7% of the magnetometer market size in 2024, whereas satellite payload installations are rising at a 7.3% CAGR.
  • By end-user industry, aerospace and defense captured 21.5% share of the magnetometer market size in 2024; automotive ADAS applications are pacing at a 6.8% CAGR to 2030.
  • By geography, Asia-Pacific commanded a 29.3% share of the magnetometer market in 2024, while North America records the highest regional CAGR at 7.9% through 2030.

Segment Analysis

By Product Type: Gradiometers Lead Precision Applications

The 3-axis category accounted for 36.1% of the magnetometer market share in 2024, favored for its ability to resolve complete field vectors in compact consumer and automotive modules. Magnetometer gradiometers booked the quickest revenue rise at a 6.9% CAGR, since they map differential field changes that unmask buried mineral seams and unexploded ordnance with superior clarity. Tensor configurations built with diamond quantum sensors now image nano-scale variations that scalar tools overlook, raising detection accuracy by 30% in nondestructive inspection trials.

Demand for vector and scalar instruments remains healthy in geophysics and scientific labs, though growth trails that of gradiometers. Single-axis devices still win cost-sensitive roles such as basic compass modules in smart locks. Integration of AI-driven pattern recognition with gradiometer arrays is shortening survey cycles and enabling automated anomaly classification, extending the addressable magnetometer market for turnkey geoscience services.

Magnetometer Market: Market Share by Product Type
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By Technology: Optically Pumped Systems Gain Medical Traction

Hall-effect stacks retained 27.4% revenue share in 2024, sustained by commodity pricing and deep design-in inertia among handset ODMs. However, optically pumped platforms are forecast to post a 6.5% CAGR through 2030 as cryogen-free magnetoencephalography reaches neurology clinics. Fluxgate architectures defend aerospace niches where thermal stability outweighs size, while SQUID arrays occupy ultra-low-noise laboratories despite their complexity.

Beijing’s nationwide rollout of SERF-based atomic scanners underscores commercial viability, with 20 hospital installations signed by 2024. Diamond quantum variants now register sub-10 pT sensitivity, positioning them for next-generation cardiac diagnostics. As automotive safety systems migrate from AMR to TMR stacks for better EMC margins, suppliers blend magnetoresistive dies with on-chip temperature graders. This diversification spreads risk and deepens the magnetometer market footprint across healthcare and transportation.

By Form Factor: Satellite Payloads Drive Miniaturization

Hand-held and portable units controlled 39.7% of the magnetometer market size in 2024, thanks to field geologists, security screeners, and plant-maintenance crews who value mobile diagnostics. CubeSat operators now spearhead growth: satellite payload installations are projected to log a 7.3% CAGR through 2030 as weather-monitoring constellations proliferate.

NASA’s TRACERS mission pioneered automated magnetic cleanliness screening on small spacecraft, a practice that cuts commissioning time by 25%. Down-hole tools for directional drilling capitalize on ruggedized fluxgate stacks that withstand 200 °C and 20,000 psi. Unmanned aerial, surface, and sub-surface vehicles mount vector arrays to automate corridors that humans find dangerous or expensive. Such versatility keeps the magnetometer market diversified across terrestrial and orbital platforms.

Magnetometer Market: Market Share by Form Factor
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By End-User Industry: Automotive ADAS Accelerates Adoption

Aerospace and defense accounted for 21.5% of the magnetometer market size in 2024 as militaries validated quantum navigation for contested airspace. The automotive segment is slated to rise at a 6.8% CAGR as carmakers embed magnetometers into Level-3 perception stacks and battery-current monitors. Magna’s live trials on Sweden’s 5G corridor proved that fusing magnetic cues with V2X data sharpens lane-keeping in tunnels where GPS fails.

Geophysical and mining ventures remain steady buyers because net-zero transitions hinge on copper and lithium finds. Industrial automation adds incremental volume by pairing magnetometers with robotics for adaptive motor control. Healthcare joins the high-margin frontier through brain and heart diagnostics. Collectively, these sectors reinforce a balanced demand profile that supports long-term stability in the magnetometer market.

Geography Analysis

Asia-Pacific dominated with 29.3% share of the magnetometer market in 2024, leveraging dense electronics supply chains and privileged access to rare-earth inputs. China’s new export license rules may realign procurement, giving emerging hubs in India and Vietnam opportunities to capture assembly contracts. Japan and South Korea sustain leadership in miniaturized MEMS fabrication, while Australia positions itself as a field-testing ground through extensive mineral exploration programs.

North America posts the highest regional CAGR at 7.9% to 2030, supported by Department of Defense sponsorship of quantum navigation as well as Silicon Valley’s autonomous-vehicle pilots.[5]Source: “Honeywell Awarded Contracts for Quantum Navigation,” Honeywell Aerospace, honeywell.comCanada adds volume from airborne geophysics over untapped critical-metal belts, and Mexico’s auto clusters integrate magnetometers into electric-vehicle platforms under USMCA regional-content rules. Export-control regulations, however, complicate cross-border shipments of ultra-sensitive designs, nudging firms toward dual-sourcing strategies.

Europe records solid mid-single-digit expansion as NATO endorsements spur subsea surveillance rollouts across the Baltic and North Sea. Germany drives ADAS sensor demand, while Nordic research councils bankroll auroral-science magnetometer arrays. Middle East and Africa usage grows in pipeline integrity and smart-city pilots, albeit from a small base. South America benefits from lithium salt-flat surveys in Chile and copper corridor projects in Brazil, broadening revenue streams for the global magnetometer market.

Magnetometer Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The magnetometer market features moderate concentration, with the top five suppliers controlling a significant share of 2024 revenue. Honeywell’s EUR 200 million (USD 232.15 million) purchase of Civitanavi reinforced vertical integration for inertial-magnetic hybrids that address both aerospace and industrial customers. SandboxAQ and Q-CTRL commercialized quantum navigation kits that claim fifty-fold accuracy gains relative to classic GPS backups, elevating performance benchmarks.

Established players differentiate on application depth: Bartington emphasizes marine and defense specifications, TDK exploits consumer scale, and QuSpin focuses on zero-field research niches. Patent filings in optically pumped and diamond quantum categories rose 18% year on year, indicating an arms race for IP that shields profitability. Supply chain risk management now influences buying decisions as customers scrutinize rare-earth sourcing and export-control compliance. This dynamic encourages multi-regional fabrication footprints and longer-term off-take contracts across the magnetometer market.

Magnetometer Industry Leaders

  1. Honeywell International Inc.

  2. Bartington Instruments Ltd.

  3. GEM Systems Inc.

  4. Geometrics Inc. (OYO Corp.)

  5. Scintrex Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Magnetometer Market Concentration
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Recent Industry Developments

  • July 2025: Honeywell secured U.S. defense contracts worth up to USD 106.2 million to produce quantum sensor navigation systems that integrate advanced magnetometers for GPS-denied missions.
  • June 2025: China enacted rare-earth export licenses, extending fluxgate core material led times to as long as 26 weeks.
  • April 2025: Q-CTRL flight trials showed quantum navigation achieving fifty-fold improvement over conventional backups, validated by magnetometer arrays.
  • March 2025: TDK InvenSense released a 9-axis PositionSense suite that fuses magnetometers with inertial sensors for consumer electronics.

Table of Contents for Magnetometer Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Adoption of 3-axis MEMS Magnetometers in Consumer Electronics
    • 4.2.2 Growing Need for High-Sensitivity Magnetometers in Autonomous Navigation and ADAS
    • 4.2.3 Expansion of Geological Mineral Exploration Activities for Energy-Transition Metals
    • 4.2.4 Under-Sea Magnetic Anomaly Detection for Subsea Infrastructure Security
    • 4.2.5 Integration of Optically-Pumped Magnetometers With Quantum-Computing Calibration
    • 4.2.6 CubeSat Demand for Lightweight Vector Magnetometers for Space-Weather Monitoring
  • 4.3 Market Restraints
    • 4.3.1 Price Erosion From Commoditization of Hall-effect Sensors
    • 4.3.2 Signal Drift and Calibration Challenges in High-Temperature Environments
    • 4.3.3 Export-Control Restrictions on Ultra-Sensitive Magnetometer Technology
    • 4.3.4 Rare-Earth Material Supply Constraints for Fluxgate Cores
  • 4.4 Impact of Macroeconomic Factors
  • 4.5 Industry Value Chain Analysis
  • 4.6 Regulatory Landscape
  • 4.7 Technological Outlook
  • 4.8 Porter’s Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Buyers
    • 4.8.3 Threat of Substitutes
    • 4.8.4 Threat of New Entrants
    • 4.8.5 Competitive Rivalry
  • 4.9 Investment Analysis

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Scalar Magnetometers
    • 5.1.2 Vector Magnetometers
    • 5.1.3 1-Axis Magnetometers
    • 5.1.4 3-Axis Magnetometers
    • 5.1.5 Magnetometer Gradiometers
  • 5.2 By Technology
    • 5.2.1 Hall-Effect
    • 5.2.2 Fluxgate
    • 5.2.3 Magnetoresistive (AMR / GMR / TMR)
    • 5.2.4 Optically-Pumped
    • 5.2.5 SQUID
    • 5.2.6 MEMS
  • 5.3 By Form Factor
    • 5.3.1 Hand-Held / Portable
    • 5.3.2 UAV / AUV / UGV-Mounted
    • 5.3.3 Stationary / Laboratory
    • 5.3.4 Down-hole / Borehole
    • 5.3.5 Satellite Payload
  • 5.4 By End-User Industry
    • 5.4.1 Aerospace and Defense
    • 5.4.2 Geophysical and Mineral Exploration
    • 5.4.3 Industrial Automation and Robotics
    • 5.4.4 Consumer Electronics and Wearables
    • 5.4.5 Automotive (ADAS and EV)
    • 5.4.6 Oil and Gas
    • 5.4.7 Medical and Healthcare
    • 5.4.8 Research and Academia
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Chile
    • 5.5.2.4 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Russia
    • 5.5.3.5 Italy
    • 5.5.3.6 Rest of Europe
    • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 India
    • 5.5.4.4 South Korea
    • 5.5.4.5 Australia
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 Saudi Arabia
    • 5.5.5.1.2 United Arab Emirates
    • 5.5.5.1.3 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Egypt
    • 5.5.5.2.3 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Honeywell International Inc.
    • 6.4.2 Bartington Instruments Ltd.
    • 6.4.3 GEM Systems Inc.
    • 6.4.4 Geometrics Inc. (OYO Corp.)
    • 6.4.5 Scintrex Ltd.
    • 6.4.6 Lake Shore Cryotronics, Inc.
    • 6.4.7 Metrolab Technology SA
    • 6.4.8 Foerster GmbH and Co. KG
    • 6.4.9 QuSpin, Inc.
    • 6.4.10 Cryogenic Ltd.
    • 6.4.11 Magcam NV
    • 6.4.12 SENSYS Sensorik and Systemtechnologie GmbH
    • 6.4.13 AlphaLab Inc.
    • 6.4.14 Silicon Sensing Systems Ltd.
    • 6.4.15 Marine Magnetics Corp.
    • 6.4.16 Kanetec Co., Ltd.
    • 6.4.17 RST Instruments Ltd.
    • 6.4.18 Billingsley Aerospace and Defense
    • 6.4.19 LEMI LLC
    • 6.4.20 SensMag LLC
    • 6.4.21 Magnii Technologies
    • 6.4.22 Metis Instruments and Equipment NV
    • 6.4.23 GEM Advanced Magnetometers Pty Ltd.
    • 6.4.24 QuSpin Quantum Sensors GmbH
    • 6.4.25 Vanguard International Inc.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-Space and Unmet-Need Assessment
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Global Magnetometer Market Report Scope

By Product Type
Scalar Magnetometers
Vector Magnetometers
1-Axis Magnetometers
3-Axis Magnetometers
Magnetometer Gradiometers
By Technology
Hall-Effect
Fluxgate
Magnetoresistive (AMR / GMR / TMR)
Optically-Pumped
SQUID
MEMS
By Form Factor
Hand-Held / Portable
UAV / AUV / UGV-Mounted
Stationary / Laboratory
Down-hole / Borehole
Satellite Payload
By End-User Industry
Aerospace and Defense
Geophysical and Mineral Exploration
Industrial Automation and Robotics
Consumer Electronics and Wearables
Automotive (ADAS and EV)
Oil and Gas
Medical and Healthcare
Research and Academia
By Geography
North America United States
Canada
Mexico
South America Brazil
Argentina
Chile
Rest of South America
Europe Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa South Africa
Egypt
Rest of Africa
By Product Type Scalar Magnetometers
Vector Magnetometers
1-Axis Magnetometers
3-Axis Magnetometers
Magnetometer Gradiometers
By Technology Hall-Effect
Fluxgate
Magnetoresistive (AMR / GMR / TMR)
Optically-Pumped
SQUID
MEMS
By Form Factor Hand-Held / Portable
UAV / AUV / UGV-Mounted
Stationary / Laboratory
Down-hole / Borehole
Satellite Payload
By End-User Industry Aerospace and Defense
Geophysical and Mineral Exploration
Industrial Automation and Robotics
Consumer Electronics and Wearables
Automotive (ADAS and EV)
Oil and Gas
Medical and Healthcare
Research and Academia
By Geography North America United States
Canada
Mexico
South America Brazil
Argentina
Chile
Rest of South America
Europe Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Australia
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa South Africa
Egypt
Rest of Africa
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Key Questions Answered in the Report

What is the forecast size of the magnetometer market by 2030?

The magnetometer market is projected to reach USD 3.48 billion by 2030, reflecting a 6.1% CAGR.

Which product segment is expanding most rapidly?

Magnetometer gradiometers are expected to grow at a 6.9% CAGR through 2030 due to superior spatial-resolution benefits.

Why are optically pumped systems gaining traction in healthcare?

They eliminate the need for cryogenic cooling, making magnetoencephalography and cardiac imaging practical in routine clinical settings.

How will rare-earth supply controls affect sensor availability?

Export licenses from China lengthen fluxgate core lead times, prompting suppliers to diversify material sources and explore iron-nitride alternatives.

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