Europe Magnetometer Market Size, Share & Industry Trends Analysis Report By Form Factor, By Type, By Application, By Product Type (3 Axis, 3Dimensional, and Single Axis), By Vertical, By Country and Growth Forecast, 2023 - 2029
Description
Europe Magnetometer Market Size, Share & Industry Trends Analysis Report By Form Factor, By Type, By Application, By Product Type (3 Axis, 3Dimensional, and Single Axis), By Vertical, By Country and Growth Forecast, 2023 - 2029
The Europe Magnetometer Market would witness market growth of 6.3% CAGR during the forecast period (2023-2029).
Magnetometers provide precise measurements for various parameters, including proximity, location, pressure, and fluid flow, which can be beneficial for businesses. In addition, the sensor boasts exceptional linearity, heightened sensitivity, minimal power usage, and an expansive field range, all of which are advantageous. As a result, manufacturers prioritize producing compact 3D magnetometers with low voltage.
Magnetometers are a crucial component of contemporary business operations. The importance of this technology in various industries such as space exploration, research, oil & gas, minerals exploration, near-earth geometrics, and consumer electronics has greatly impacted human life. The magnetometer market has experienced significant growth in recent years due to its expanding range of applications. As a result, many companies in the magnetometer industry are investing heavily in research and development to enhance and strategically position their offerings in the marketplace.
The Medical Informatics funding scheme, offered by the German government as part of the Health Research Framework Program, aims to enhance the exchange of data across different institutions and locations in order to address the increasing prevalence of diseases such as cancer and dementia in an aging society. The objective of these efforts is to improve efficiency in diagnoses and treatments, resulting in reduced expenses and expedited, accurate care for individuals. In addition, the regional governments are implementing initiatives to promote the integration of cutting-edge medical technologies like MEG (magnetoencephalography). Hence, implementing MEG technology in Europe is expected to drive the growth of the magnetometer market.
The Germany market dominated the Europe Magnetometer Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $200.4 million by 2029. The UK market is anticipated to grow at a CAGR of 5.4% during (2023 - 2029). Additionally, The France market would exhibit witness a CAGR of 7.1% during (2023 - 2029).
Based on Form Factor, the market is segmented into Fixed, and Portable. Based on Type, the market is segmented into Vector, Fluxgate, Proton Precession, Scalar, and Others. Based on Application, the market is segmented into Navigation, Industrial Automation, Geophysics & Mining, Space Exploration, and Medical Devices & Others. Based on Product Type, the market is segmented into 3 Axis, 3Dimensional, and Single Axis. Based on Vertical, the market is segmented into Consumer Electronics, Aerospace & Defense, Automotive, Healthcare, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Geometrics, Inc. (OYO Corporation), Metrolab Technology SA, VectorNav Technologies, LLC, Lake Shore Cryotronics, Inc., FOERSTER Holding GmbH, Bartington Instruments Ltd., Cryogenic Limited, Marine Magnetics Corp., and GEM Systems, Inc.
Scope of the Study
Market Segments covered in the Report:
By Form Factor
Fixed
Portable
By Type
Vector
Fluxgate
Proton Precession
Scalar
Others
By Application
Navigation
Industrial Automation
Geophysics & Mining
Space Exploration
Medical Devices & Others
By Product Type
3 Axis
3Dimensional
Single Axis
By Vertical
Consumer Electronics
Aerospace & Defense
Automotive
Healthcare
Industrial
Others
By Country
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Companies Profiled
Honeywell International, Inc.
Geometrics, Inc. (OYO Corporation)
Metrolab Technology SA
VectorNav Technologies, LLC
Lake Shore Cryotronics, Inc.
FOERSTER Holding GmbH
Bartington Instruments Ltd.
Cryogenic Limited
Marine Magnetics Corp.
GEM Systems, Inc.
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Table of Contents
119 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Magnetometer Market, by Form Factor
- 1.4.2 Europe Magnetometer Market, by Type
- 1.4.3 Europe Magnetometer Market, by Application
- 1.4.4 Europe Magnetometer Market, by Product Type
- 1.4.5 Europe Magnetometer Market, by Vertical
- 1.4.6 Europe Magnetometer Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, May – 2023, Feb) Leading Players
- Chapter 4. Europe Magnetometer Market by Form Factor
- 4.1 Europe Fixed Market by Country
- 4.2 Europe Portable Market by Country
- Chapter 5. Europe Magnetometer Market by Type
- 5.1 Europe Vector Market by Country
- 5.2 Europe Fluxgate Market by Country
- 5.3 Europe Proton Precession Market by Country
- 5.4 Europe Scalar Market by Country
- 5.5 Europe Others Market by Country
- Chapter 6. Europe Magnetometer Market by Application
- 6.1 Europe Navigation Market by Country
- 6.2 Europe Industrial Automation Market by Country
- 6.3 Europe Geophysics & Mining Market by Country
- 6.4 Europe Space Exploration Market by Country
- 6.5 Europe Medical Devices & Others Market by Country
- Chapter 7. Europe Magnetometer Market by Product Type
- 7.1 Europe 3 Axis Market by Country
- 7.2 Europe 3Dimensional Market by Country
- 7.3 Europe Single Axis Market by Country
- Chapter 8. Europe Magnetometer Market by Vertical
- 8.1 Europe Consumer Electronics Market by Country
- 8.2 Europe Aerospace & Defense Market by Country
- 8.3 Europe Automotive Market by Country
- 8.4 Europe Healthcare Market by Country
- 8.5 Europe Industrial Market by Country
- 8.6 Europe Others Market by Country
- Chapter 9. Europe Magnetometer Market by Country
- 9.1 Germany Magnetometer Market
- 9.1.1 Germany Magnetometer Market by Form Factor
- 9.1.2 Germany Magnetometer Market by Type
- 9.1.3 Germany Magnetometer Market by Application
- 9.1.4 Germany Magnetometer Market by Product Type
- 9.1.5 Germany Magnetometer Market by Vertical
- 9.2 UK Magnetometer Market
- 9.2.1 UK Magnetometer Market by Form Factor
- 9.2.2 UK Magnetometer Market by Type
- 9.2.3 UK Magnetometer Market by Application
- 9.2.4 UK Magnetometer Market by Product Type
- 9.2.5 UK Magnetometer Market by Vertical
- 9.3 France Magnetometer Market
- 9.3.1 France Magnetometer Market by Form Factor
- 9.3.2 France Magnetometer Market by Type
- 9.3.3 France Magnetometer Market by Application
- 9.3.4 France Magnetometer Market by Product Type
- 9.3.5 France Magnetometer Market by Vertical
- 9.4 Russia Magnetometer Market
- 9.4.1 Russia Magnetometer Market by Form Factor
- 9.4.2 Russia Magnetometer Market by Type
- 9.4.3 Russia Magnetometer Market by Application
- 9.4.4 Russia Magnetometer Market by Product Type
- 9.4.5 Russia Magnetometer Market by Vertical
- 9.5 Spain Magnetometer Market
- 9.5.1 Spain Magnetometer Market by Form Factor
- 9.5.2 Spain Magnetometer Market by Type
- 9.5.3 Spain Magnetometer Market by Application
- 9.5.4 Spain Magnetometer Market by Product Type
- 9.5.5 Spain Magnetometer Market by Vertical
- 9.6 Italy Magnetometer Market
- 9.6.1 Italy Magnetometer Market by Form Factor
- 9.6.2 Italy Magnetometer Market by Type
- 9.6.3 Italy Magnetometer Market by Application
- 9.6.4 Italy Magnetometer Market by Product Type
- 9.6.5 Italy Magnetometer Market by Vertical
- 9.7 Rest of Europe Magnetometer Market
- 9.7.1 Rest of Europe Magnetometer Market by Form Factor
- 9.7.2 Rest of Europe Magnetometer Market by Type
- 9.7.3 Rest of Europe Magnetometer Market by Application
- 9.7.4 Rest of Europe Magnetometer Market by Product Type
- 9.7.5 Rest of Europe Magnetometer Market by Vertical
- Chapter 10. Company Profiles
- 10.1 Honeywell International, Inc.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.5.3 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
- 10.2 Geometrics, Inc. (OYO Corporation)
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.3 Metrolab Technology SA
- 10.3.1 Company Overview
- 10.3.2 Recent strategies and developments:
- 10.3.2.1 Partnerships, Collaborations, and Agreements:
- 10.3.2.2 Product Launches and Product Expansions:
- 10.4 VectorNav Technologies, LLC
- 10.4.1 Company Overview
- 10.4.2 Recent strategies and developments:
- 10.4.2.1 Partnerships, Collaborations, and Agreements:
- 10.4.2.2 Product Launches and Product Expansions:
- 10.5 Lake Shore Cryotronics, Inc.
- 10.5.1 Company Overview
- 10.5.2 Recent strategies and developments:
- 10.5.2.1 Partnerships, Collaborations, and Agreements:
- 10.5.2.2 Acquisition and Mergers:
- 10.6 FOERSTER Holding GmbH
- 10.6.1 Company Overview
- 10.6.2 Recent strategies and developments:
- 10.6.2.1 Acquisition and Mergers:
- 10.7 Bartington Instruments Ltd.
- 10.7.1 Company Overview
- 10.8 Cryogenic Limited
- 10.8.1 Company Overview
- 10.9 Marine Magnetics Corp.
- 10.9.1 Company Overview
- 10.10. GEM Systems, Inc.
- 10.10.1 Company Overview
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