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North America 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

Publisher Knowledge Based Value (KBV) Research
Published Apr 28, 2023
Length 101 Pages
SKU # KBV17958987

Description

North America 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 North America Magnetometer Market would witness market growth of 6.1% CAGR during the forecast period (2023-2029).

The magnetometer market is expected to see substantial growth due to increasing healthcare innovations in the product, particularly in the healthcare industry. The advancements allow industry stakeholders to gain insight into customer requirements, update their business strategies, and revamp their offerings. Moreover, optical magnetometer optical sensors are considered a cost-effective substitute for expensive medical imaging technologies such as MRI and ECG.

This trend is expected to decrease healthcare expenses for nations globally and provide cost-efficient healthcare solutions to stakeholders in the industry. The market is expected to experience growth due to the increased usage of magnetometers in consumer electronics, including toys, home appliances, digital cameras, smartphones, and other electronic instruments. Compact and robust magnetometers are available in board-mount packages or shielded enclosures to meet the needs of various environments. Moreover, the development of adaptable magnetic sensors has motivated several clients to explore novel opportunities.

The United States can lead the E.V. future by increasing job opportunities, boosting domestic production, addressing climate change, and promoting environmental justice. The government has set the target that half of all cars sold in the United States will be electric by 2030. The Inflation Reduction Act is aiding the government in reducing the cost of new and used electric vehicles for consumers and creating a more stable market environment for the automotive industry. Furthermore, the government's increased initiatives to encourage the usage and manufacturing of electric vehicles in neighboring countries are anticipated to drive the demand for magnetometers, resulting in the growth of the regional market.

The US market dominated the North America Magnetometer Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $701.9 million by 2029. The Canada market is poised to grow at a CAGR of 8.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.6% 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 U.S., Mexico, Canada, and Rest of North America.

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

US
Canada
Mexico
Rest of North America
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

101 Pages
Chapter
1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Magnetometer Market, by Form Factor
1.4.2 North America Magnetometer Market, by Type
1.4.3 North America Magnetometer Market, by Application
1.4.4 North America Magnetometer Market, by Product Type
1.4.5 North America Magnetometer Market, by Vertical
1.4.6 North America 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. North America Magnetometer Market by Form Factor
4.1 North America Fixed Market by Country
4.2 North America Portable Market by Country
Chapter
5. North America Magnetometer Market by Type
5.1 North America Vector Market by Country
5.2 North America Fluxgate Market by Country
5.3 North America Proton Precession Market by Country
5.4 North America Scalar Market by Country
5.5 North America Others Market by Country
Chapter
6. North America Magnetometer Market by Application
6.1 North America Navigation Market by Country
6.2 North America Industrial Automation Market by Country
6.3 North America Geophysics & Mining Market by Country
6.4 North America Space Exploration Market by Country
6.5 North America Medical Devices & Others Market by Country
Chapter
7. North America Magnetometer Market by Product Type
7.1 North America 3 Axis Market by Country
7.2 North America 3Dimensional Market by Country
7.3 North America Single Axis Market by Country
Chapter
8. North America Magnetometer Market by Vertical
8.1 North America Consumer Electronics Market by Country
8.2 North America Aerospace & Defense Market by Country
8.3 North America Automotive Market by Country
8.4 North America Healthcare Market by Country
8.5 North America Industrial Market by Country
8.6 North America Others Market by Country
Chapter
9. North America Magnetometer Market by Country
9.1 US Magnetometer Market
9.1.1 US Magnetometer Market by Form Factor
9.1.2 US Magnetometer Market by Type
9.1.3 US Magnetometer Market by Application
9.1.4 US Magnetometer Market by Product Type
9.1.5 US Magnetometer Market by Vertical
9.2 Canada Magnetometer Market
9.2.1 Canada Magnetometer Market by Form Factor
9.2.2 Canada Magnetometer Market by Type
9.2.3 Canada Magnetometer Market by Application
9.2.4 Canada Magnetometer Market by Product Type
9.2.5 Canada Magnetometer Market by Vertical
9.3 Mexico Magnetometer Market
9.3.1 Mexico Magnetometer Market by Form Factor
9.3.2 Mexico Magnetometer Market by Type
9.3.3 Mexico Magnetometer Market by Application
9.3.4 Mexico Magnetometer Market by Product Type
9.3.5 Mexico Magnetometer Market by Vertical
9.4 Rest of North America Magnetometer Market
9.4.1 Rest of North America Magnetometer Market by Form Factor
9.4.2 Rest of North America Magnetometer Market by Type
9.4.3 Rest of North America Magnetometer Market by Application
9.4.4 Rest of North America Magnetometer Market by Product Type
9.4.5 Rest of North America 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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