Market Overview:
The global magnetic magnetometers 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 portable magnetometers due to their ease of use and portability, and the increasing demand for stationary magnetometers in marine survey & research applications. North America is expected to lead the global magnetic magnetometers market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
A magnetic magnetometer is a scientific instrument used to measure the strength and direction of the Earth's magnetic field. The importance of magnetic magnetometers is that they are used in research on the Earth's geomagnetic field and in navigational applications.
Stationary Magnetometers:
Stationary magnetometers are instruments used to measure the strength of magnetic fields. They are widely used in research institutes, educational institutions and industrial environments for various applications such as earth science studies, geophysics and metallurgy. The global market is expected to grow at a significant rate owing to increasing demand from oil & gas exploration companies formagnetometer survey data in offshore locations.
Portable Magnetometers:
Portable magnetometers are instruments that measure magnetic fields. They are used in a variety of applications such as earth science, medical, construction and automotive industries. The global portable magnetometers and it's usage in Magnetic Magnetometer market size was valued at USD 1.5 billion in 2015 owing to the increasing demand for these devices from various end-use industries worldwide.
Application Insights:
The offshore oil and gas exploration application segment led the global market in 2017. The segment is projected to witness significant growth over the forecast period owing to rising demand for magnetic sensors from various industries including oil and gas, marine, etc. Stationary magnetometers are used for measuring the strength of a magnetic field present around a particular device or direction. These devices can be mounted onshore as well as offshore to measure different types of fields respectively. Portable magnetometers are handheld devices that provide an instant reading on the current strength of a magnetic field surrounding it (0DegC ~ 10DegC). They are widely used by geologists, surveyors, construction workers and others for carrying out measurements in urban areas as well as remote locations with ease.
The underwater archaeological application segment is expected to witness considerable growth over the forecast period owing to increasing tourism activities at historical monuments such as shipwrecks along with growing awareness about maritime history among people across various regions globally.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a maritime nation, has undertaken various initiatives for marine research and development activities to maintain its dominance across the globe. For instance, in 2014, the National Science Foundation (NSF) provided funding of USD X million to University of California (UC) for developing a low-cost magnetometer that can be used on small boats and ships as well as at sea ports and other coastal areas around California.
Asia Pacific is expected to grow at an exponential rate over the forecast period owing to increasing demand from end-users such as oil & gas exploration companies; port authorities; shipping companies; defense forces etc.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and defense applications
- Growing popularity of wearable technology
- Proliferation of the Internet of Things (IoT) and big data analytics
- Development of next-generation magnetic sensing technologies
- Rising investments in research and development (R&D)
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Magnetometers Market Research Report
By Type
Stationary Magnetometers, Portable Magnetometers
By Application
Marine Survey & Research, Offshore Oil and Gas Exploration, Underwater Archaeological, Others
By Companies
Gem Systems, Stefan Mayer Instruments, Marine Magnetics, Mitcham Industries, Geometrics, Sea Surveyor, JW Fishers, Aquascan, Shark Marine Technologies
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Magnetometers Market Report Segments:
The global Magnetic Magnetometers market is segmented on the basis of:
Types
Stationary Magnetometers, Portable Magnetometers
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
Marine Survey & Research, Offshore Oil and Gas Exploration, Underwater Archaeological, 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:
- Gem Systems
- Stefan Mayer Instruments
- Marine Magnetics
- Mitcham Industries
- Geometrics
- Sea Surveyor
- JW Fishers
- Aquascan
- Shark Marine Technologies
Highlights of The Magnetic Magnetometers 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:
- Stationary Magnetometers
- Portable Magnetometers
- By Application:
- Marine Survey & Research
- Offshore Oil and Gas Exploration
- Underwater Archaeological
- 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 Magnetic Magnetometers 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?
Magnetic magnetometers are instruments that measure the magnetic field strength in an environment. They can be used to detect objects and materials, as well as to map the magnetic fields around a location.
Some of the major players in the magnetic magnetometers market are Gem Systems, Stefan Mayer Instruments, Marine Magnetics, Mitcham Industries, Geometrics, Sea Surveyor, JW Fishers, Aquascan, Shark Marine Technologies.
The magnetic magnetometers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Magnetometers 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 Magnetic Magnetometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Magnetometers 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 Magnetic Magnetometers 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 Magnetic Magnetometers Market Size & Forecast, 2020-2028
4.5.1 Magnetic Magnetometers Market Size and Y-o-Y Growth
4.5.2 Magnetic Magnetometers Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Stationary Magnetometers
5.2.2 Portable Magnetometers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Marine Survey & Research
6.2.2 Offshore Oil and Gas Exploration
6.2.3 Underwater Archaeological
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Magnetometers 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 Magnetic Magnetometers 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Stationary Magnetometers
9.6.2 Portable Magnetometers
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 Market Size Forecast by Applications
9.10.1 Marine Survey & Research
9.10.2 Offshore Oil and Gas Exploration
9.10.3 Underwater Archaeological
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Stationary Magnetometers
10.6.2 Portable Magnetometers
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 Market Size Forecast by Applications
10.10.1 Marine Survey & Research
10.10.2 Offshore Oil and Gas Exploration
10.10.3 Underwater Archaeological
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Stationary Magnetometers
11.6.2 Portable Magnetometers
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 Market Size Forecast by Applications
11.10.1 Marine Survey & Research
11.10.2 Offshore Oil and Gas Exploration
11.10.3 Underwater Archaeological
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Stationary Magnetometers
12.6.2 Portable Magnetometers
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 Market Size Forecast by Applications
12.10.1 Marine Survey & Research
12.10.2 Offshore Oil and Gas Exploration
12.10.3 Underwater Archaeological
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Stationary Magnetometers
13.6.2 Portable Magnetometers
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) Market Size Forecast by Applications
13.10.1 Marine Survey & Research
13.10.2 Offshore Oil and Gas Exploration
13.10.3 Underwater Archaeological
13.10.4 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 Magnetic Magnetometers Market: Competitive Dashboard
14.2 Global Magnetic Magnetometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gem Systems
14.3.2 Stefan Mayer Instruments
14.3.3 Marine Magnetics
14.3.4 Mitcham Industries
14.3.5 Geometrics
14.3.6 Sea Surveyor
14.3.7 JW Fishers
14.3.8 Aquascan
14.3.9 Shark Marine Technologies
