Market Overview:
The global fluxgate magnetometer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fluxgate magnetometers in various applications such as aerospace, geological exploration, underwater navigation, land navigation and others. Additionally, the growing demand for these devices from emerging economies is also contributing to the growth of this market.
Product Definition:
A fluxgate magnetometer is a device used to measure the magnitude and direction of the magnetic field. They are important for navigation, surveying, and mineral exploration.
Single Axis:
Single-axis magnetometers are used for measuring magnetic fields in a horizontal plane with the help of a single coil. The measurement is carried out by using the vector sum of electrical currents induced in the sensor by means of induction. These sensors have applications ranging from automotive to electronics and industrial sectors owing to their ability to measure small angles and large field strength with high accuracy, sensitivity, and linearity.
Three-axis:
The three-axis system is a device used to measure angles and the rate of change of these angles. It is widely used in Fluxgate Magnetometer (FGM) market owing to its advantages such as high sensitivity, accuracy, and stability over single-axis systems. The three-axis system consists of X, Y & Z orthogonal axes which can be set at an angle from each other using screws or potentiometers for fine adjustment.
Application Insights:
The application segment includes aerospace, geology, underwater navigation, land navigation and others. The aerospace sector is expected to emerge as the fastest growing application segment over the forecast period owing to increasing use in aircraft attitude determination and instrument landing system (ILS). Fluxgate magnetometers are used for magnetic sensing in aircraft attitude determination and ILS instrumentation. In addition they find applications such as air traffic control, flight simulation systems, weather monitoring systems on board commercial airplanes among others.
Geological exploration is also expected to witness significant growth over the forecast period due to rising demand for GEM technology coupled with declining prices of sensors. Fluxgate magnetometers are used for various purposes including mineral prospecting activities along with their derivatives like resistivity tomography and imaging techniques that aid in identifying structural features of a rock formation or an ore body underground using electrical conductivity data acquired from a probe unit attached on top of it.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a technologically advanced nation, is at the forefront of adopting this technology for various applications. Moreover, increasing investments by private players to develop new sensors are likely to boost regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to rapid development and adoption of aerospace industry across countries such as China and India, thereby driving demand for GFM systems in this region.
The presence of key aircraft manufacturers such as Boeing Co.; Airbus S A; Dassault Aviation; Gulfstream Aerospace Inc.; Lockheed Martin Corporation; Pratt & Whitney Canada Inc.; Safran Aircraft Engines S A; Thales Group; etc.
Growth Factors:
- Increasing demand for fluxgate magnetometers in the oil and gas industry for exploration and production activities
- Rising demand from the automotive sector for use in advanced driver assistance systems (ADAS) and autonomous vehicles
- Growing adoption of fluxgate magnetometers in military and defense applications
- Increasing demand from the scientific research community for use in advanced magnetic field measurement applications
- Proliferation of portable devices such as smartphones, tablets, and laptops that require small form-factor fluxgate magnetometers
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluxgate Magnetometer Market Research Report
By Type
Single Axis, Three-axis
By Application
Aerospace, Geological Exploration, Underwater Navigation, Land Navigation, Others
By Companies
Metrolab, Bartington Instruments, Applied Physics Systems, FOERSTER, DTU Space, SENSYS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Fluxgate Magnetometer Market Report Segments:
The global Fluxgate Magnetometer market is segmented on the basis of:
Types
Single Axis, Three-axis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Geological Exploration, Underwater Navigation, Land Navigation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Metrolab
- Bartington Instruments
- Applied Physics Systems
- FOERSTER
- DTU Space
- SENSYS
Highlights of The Fluxgate Magnetometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Axis
- Three-axis
- By Application:
- Aerospace
- Geological Exploration
- Underwater Navigation
- Land Navigation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluxgate Magnetometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fluxgate magnetometer is a type of sensor that measures the magnetic field in an environment. This device can be used to detect changes in the magnetic field, such as when a metal object is moved or when there is an electric current flowing through the environment.
Some of the major players in the fluxgate magnetometer market are Metrolab, Bartington Instruments, Applied Physics Systems, FOERSTER, DTU Space, SENSYS.
The fluxgate magnetometer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluxgate Magnetometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluxgate Magnetometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluxgate Magnetometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluxgate Magnetometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluxgate Magnetometer Market Size & Forecast, 2018-2028
4.5.1 Fluxgate Magnetometer Market Size and Y-o-Y Growth
4.5.2 Fluxgate Magnetometer Market Absolute $ Opportunity
Chapter 5 Global Fluxgate Magnetometer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fluxgate Magnetometer Market Size Forecast by Type
5.2.1 Single Axis
5.2.2 Three-axis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fluxgate Magnetometer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fluxgate Magnetometer Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Geological Exploration
6.2.3 Underwater Navigation
6.2.4 Land Navigation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluxgate Magnetometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluxgate Magnetometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fluxgate Magnetometer Analysis and Forecast
9.1 Introduction
9.2 North America Fluxgate Magnetometer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fluxgate Magnetometer Market Size Forecast by Type
9.6.1 Single Axis
9.6.2 Three-axis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fluxgate Magnetometer Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Geological Exploration
9.10.3 Underwater Navigation
9.10.4 Land Navigation
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fluxgate Magnetometer Analysis and Forecast
10.1 Introduction
10.2 Europe Fluxgate Magnetometer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fluxgate Magnetometer Market Size Forecast by Type
10.6.1 Single Axis
10.6.2 Three-axis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fluxgate Magnetometer Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Geological Exploration
10.10.3 Underwater Navigation
10.10.4 Land Navigation
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fluxgate Magnetometer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fluxgate Magnetometer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fluxgate Magnetometer Market Size Forecast by Type
11.6.1 Single Axis
11.6.2 Three-axis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fluxgate Magnetometer Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Geological Exploration
11.10.3 Underwater Navigation
11.10.4 Land Navigation
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fluxgate Magnetometer Analysis and Forecast
12.1 Introduction
12.2 Latin America Fluxgate Magnetometer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fluxgate Magnetometer Market Size Forecast by Type
12.6.1 Single Axis
12.6.2 Three-axis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fluxgate Magnetometer Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Geological Exploration
12.10.3 Underwater Navigation
12.10.4 Land Navigation
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fluxgate Magnetometer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fluxgate Magnetometer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fluxgate Magnetometer Market Size Forecast by Type
13.6.1 Single Axis
13.6.2 Three-axis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fluxgate Magnetometer Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Geological Exploration
13.10.3 Underwater Navigation
13.10.4 Land Navigation
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluxgate Magnetometer Market: Competitive Dashboard
14.2 Global Fluxgate Magnetometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Metrolab
14.3.2 Bartington Instruments
14.3.3 Applied Physics Systems
14.3.4 FOERSTER
14.3.5 DTU Space
14.3.6 SENSYS
