According to the market research report “Magnetometer Market : By Product Type (Single Axis, 3-Axis, 3D), By Form Factor (Stationary Magnetometers, Portable/Mobile Magnetometers), By Technology, By Application & by Geography- Analysis & Forecast (2016- 2021)”, published by IndustryARC, estimates earth and space exploration is one of the major opportunities for the market.
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Digital Magnetometer is a device that that measures magnetic fields. A magnetometer is an important instrument with a sensor that measures magnetic flux and density. Fluxgate magnetometer refers to sensors used for sensing magnetic fields or to system which measure magnetic field using one or more sensors.
This type of device is extensively used in various applications like geographical surveys, archeological surveys, metal detector, etc. To detect the mineralization and geological structures, in oil and gas industry these MEMS magnetometer readings meter play an important role for a directional drilling process. These meters are typically based on the type of applications like land, airborne, marine, and micro-fabricated atomic magnetometers.
Scope & Regional Forecast of the Magnetometer Market
These devices can detect two types of magnetism, permanent and temporary magnetisms. In short-term magnetism, the magnetically susceptible material acquires the magnetic field from the exterior field, so the main and advanced the material magnetic susceptible stronger is the induced magnetic field. This type of measurement is used in archaeological processes. Some of these of the permanent magnetism are useful while measuring the magnetic field sensor strength.
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The near ground sensor arrays for near surface geophysics are the upcoming advances in the magnetic technologies. There is increasing demand for multi magnetic sensor systems. As with airborne systems, ground multi-sensor systems enable more precise resolution of geologic boundaries and orientation, characteristics of buried magnetic sources. The future application may extend not only to traditional fields, such as resource exploration but also to environmental, engineering and other mapping applications.
Magnetometer market states that there is an availability of high resolution systems combined with multi-sensor arrays will provide new means of charactering near surface geologic and manmade targets. The recent study says magnetic sensor in mobile phones applications for navigation purpose has made lots of opportunity for coming years and space exploration operations. North America especially in U.S. is the leading demand generating market in terms of usage in ground systems. Asia-Pacific and Europe are the upcoming continents to gain traffic in terms of utilization and technological growth. The report says it will be an ideal of the technology is well utilized in smartphones which has a huge future ongoing growth due to digitize world.
Segmentations & Key Players Involved in the Magnetometer Market
The Magnetometer Market can be broken down into various segmentations on the basis of –
Application: Consumer Electronics (Smartphones and Tablets), Aerospace & Defense (Airborne and UAV, Ground, Marine, Space Operations), Education & Research, Commercial (Mineral Exploration, Coal Exploration, Oil & Gas Exploration, Natural Calamities Research and Monitoring (Earthquakes and Volcanology), Archaeology), Healthcare Monitoring, Security, Forensic, Industrial
Product Type: Single Axis, 3-Axis and 3D
Form Factor: Stationary Magnetometers and Portable/Mobile Magnetometers
Technology: MEMS, Magnetoresistive, Fluxgate/Coil, Hall Effect, Magneto Inductive, SQUID, Optically Pumped and Nuclear Precession
Geography: North America, Europe, Asia-Pacific, Middle-East & Africa, and Latin America
Some of the key players involved in the Magnetometer Market are as follows:
Honeywell International Inc.
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