Magnetometer Market By Technology, Product Type, Application And Form Factor - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Electrical Systems & Components Report Code : SE06933
Industry Outlook and Trend Analysis
The Magnetometer Market was worth USD 7.08 billion in 2017 and is expected to reach approximately USD 14.95 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.66% during the forecast period. A magnetometer is a tool that measures magnetism—either the magnetization of an attractive material like a ferromagnet, or the strength, direction, or relative difference in a magnetic field at a specific area. A compass is a simple sort of magnetometer, one that measures the direction of an encompassing magnetic field. Magnetometers are broadly used for estimating the Earth's attractive field and in geophysical studies to recognize magnetic anomalies of various types. They are used in the military to identify submarines. Magnetometers can be useful as metal detectors: they can detect just magnetic metals, however can detect such metals at a substantially bigger depth than ordinary metal detectors; they are fit for detecting big objects, for example, at tens of metres, cars, while a metal detector's range is rarely more than 2 metres.
Drivers and Restraints
Magnetometers have been a standout amongst the most vital pillars of advanced science. Its importance in space exploration, research, oil & gas, near earth geometrics and minerals exploration and consumer electronics has changed the human life to a more prominent degree. This has vastly driven the demand for Magnetometers in several application areas. As of late, the magnetometers market has seen an enormous development, attributable to its consistently expanding applications. The lion's share of sellers in the magnetometers market are spending more in R&D exercises to multiply and enhanced situating of their products in the market.
Market Segmentation
The Magnetometer Market is segmented on the basis of Technology, Product Type, Application and Form Factor. Based on technology the market is segmented into Scalar Magnetometer and Vector Magnetometer out of which the vector magnetometer representing share of US$ 4.78 billion of revenue generated in the overall market and is also expected to hold maximum market share. Based on product type the market is segmented into Single Axis, 3 – Axis, 3 Dimensional. On the basis of application is segmented into Energy, Surveyors, Pipe Line Monitoring, Health Care Monitoring, Industrial Defence & Aeronautics, Natural Calamities Research & Monitoring, and Consumer Electronics out of which consumer electronics accounted for more than 20% of the total market share and is anticipated to reflect a significant CAGR over the forecast period. Based on form factor
Regional Outlook and Trend Analysis
Geographically, North America held predominance in 2017 as the area has major players in the market. Among countries reflecting lucrative prospects, the US has developed at fore on the back of huge technological progressions saw over the most recent couple of years. Development observed in this territorial magnetometer market is pumped by the expanding venture crosswise over different enterprises, for example, defence and aeronautics, consumer electronics among others.
Competitive Insights
The major players in the market are Infineon Technologies, Lockheed Martin, NXP Semiconductors, Honeywell, Scintrex Limited, Lake Shore Cryotronics Inc, Bartington Instruments Ltd, Cryogenic Limited, Lake Shore Cryotronics Inc, Geometrics Inc and Foerster Holding GmbH. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Magnetometer Market is segmented as follows-
By Technology:
- Vector Magnetometer
- Scalar Magnetometer
By Product Type:
- Single Axis
- 3 – Axis
- 3 Dimensional
By Application:
- Energy
- Pipe line monitoring
- Research and Monitoring
- Defence and Aeronautics
- Surveyors
- Health Care Monitoring
- Natural Calamities
- Industrial
- Consumer Electronics
By Form Factor:
- Portable
- Fixed
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Magnetometer Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
· Scalar Magnetometer
· Vector Magnetometer
· Magnetometer Market, By Product Type, Estimates and Forecast, 2014-2023 ($Million)
· Single Axis
· 3 – Axis
· 3 Dimensional
· Magnetometer Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Surveyors
· Energy
· Health Care Monitoring
· Pipe line monitoring
· Natural Calamities
· Research and Monitoring
· Industrial
· Defense and Aeronautics
· Consumer Electronics
· Magnetometer Market, By Form Factor, Estimates and Forecast, 2014-2023 ($Million)
· Fixed
· Portable
· Magnetometer Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Magnetometer Market, By Country
o U.S. Magnetometer Market
o Canada Magnetometer Market
o Mexico Magnetometer Market
o Europe
§ Europe Magnetometer Market, By Country
o Germany Magnetometer Market
o UK Magnetometer Market
o France Magnetometer Market
o Russia Magnetometer Market
o Italy Magnetometer Market
o Rest of Europe Magnetometer Market
o Asia-Pacific
§ Asia-Pacific Magnetometer Market, By Country
o China Magnetometer Market
o Japan Magnetometer Market
o South Korea Magnetometer Market
o India Magnetometer Market
o Southeast Asia Magnetometer Market
o Rest of Asia-Pacific Magnetometer Market
o South America
§ South America Magnetometer Market
o Brazil Magnetometer Market
o Argentina Magnetometer Market
o Columbia Magnetometer Market
o South Africa Magnetometer Market
o Rest of South America Magnetometer Market
o Middle East and Africa
§ Middle East and Africa Magnetometer Market
o Saudi Arabia Magnetometer Market
o UAE Magnetometer Market
o Egypt Magnetometer Market
o Nigeria Magnetometer Market
o South Africa Magnetometer Market
o Rest of MEA Magnetometer Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Magnetometer Market, By Technology
5.1. Introduction
5.2. Global Magnetometer Sales, Revenue and Market Share by Technology (2017-2027)
5.2.1. Global Magnetometer Sales and Sales Share by Technology (2017-2027)
5.2.2. Global Magnetometer Revenue and Revenue Share by Technology (2017-2027)
5.3. Scalar Magnetometer
5.3.1. Global Scalar Magnetometer Sales and Growth Rate (2017-2027)
5.4. Vector Magnetometer
5.4.1. Global Vector Magnetometer Sales and Growth Rate (2017-2027)
6. Magnetometer Market, By Product Type
6.1. Introduction
6.2. Global Magnetometer Sales, Revenue and Market Share by Product Type (2017-2027)
6.2.1. Global Magnetometer Sales and Sales Share by Product Type (2017-2027)
6.2.2. Global Magnetometer Revenue and Revenue Share by Product Type (2017-2027)
6.3. Single Axis
6.3.1. Global Single Axis Sales and Growth Rate (2017-2027)
6.4. 3 – Axis
6.4.1. Global 3 – Axis Sales and Growth Rate (2017-2027)
6.5. 3 Dimensional
6.5.1. Global 3 Dimensional Sales and Growth Rate (2017-2027)
7. Magnetometer Market, By Application
7.1. Introduction
7.2. Global Magnetometer Sales, Revenue and Market Share by Application (2017-2027)
7.2.1. Global Magnetometer Sales and Sales Share by Application (2017-2027)
7.2.2. Global Magnetometer Revenue and Revenue Share by Application (2017-2027)
7.3. Surveyors
7.3.1. Global Surveyors Sales and Growth Rate (2017-2027)
7.4. Energy
7.4.1. Global Energy Sales and Growth Rate (2017-2027)
7.5. Health Care Monitoring
7.5.1. Global Health Care Monitoring Sales and Growth Rate (2017-2027)
7.6. Pipe line monitoring
7.6.1. Global Pipe line monitoring Sales and Growth Rate (2017-2027)
7.7. Natural Calamities
7.7.1. Global Natural Calamities Sales and Growth Rate (2017-2027)
7.8. Research and Monitoring
7.8.1. Global Research and Monitoring Sales and Growth Rate (2017-2027)
7.9. Industrial
7.9.1. Global Industrial Sales and Growth Rate (2017-2027)
7.10. Defense and Aeronautics
7.10.1. Global Defense and Aeronautics Sales and Growth Rate (2017-2027)
7.11. Consumer Electronics
7.11.1. Global Consumer Electronics Sales and Growth Rate (2017-2027)
8. Magnetometer Market, By Form Factor
8.1. Introduction
8.2. Global Magnetometer Sales, Revenue and Market Share by Form Factor (2017-2027)
8.2.1. Global Magnetometer Sales and Sales Share by Form Factor (2017-2027)
8.2.2. Global Magnetometer Revenue and Revenue Share by Form Factor (2017-2027)
8.3. Fixed
8.3.1. Global Fixed Sales and Growth Rate (2017-2027)
8.4. Portable
8.4.1. Global Portable Sales and Growth Rate (2017-2027)
9. Magnetometer Market, By Region
9.1. Introduction
9.2. Global Magnetometer Sales, Revenue and Market Share by Regions
9.2.1. Global Magnetometer Sales by Regions (2017-2027)
9.2.2. Global Magnetometer Revenue by Regions (2017-2027)
9.3. North America Magnetometer by Countries
9.3.1. North America Magnetometer Sales and Growth Rate (2017-2027)
9.3.2. North America Magnetometer Revenue and Growth Rate (2017-2027)
9.3.3. North America Magnetometer Sales by Countries (2017-2027)
9.3.4. North America Magnetometer Revenue (Million USD) by Countries (2017-2027)
9.3.5. U.S.
9.3.5.1. United States Magnetometer Sales and Growth Rate (2017-2027)
9.3.5.2. United States Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.3.6. Canada
9.3.6.1. Canada Magnetometer Sales and Growth Rate (2017-2027)
9.3.6.2. Canada Magnetometer Sales (Millions USD) and Growth Rate (2017-2027)
9.3.7. Mexico
9.3.7.1. Mexico Magnetometer Sales and Growth Rate (2017-2027)
9.3.7.2. Mexico Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4. Europe Magnetometer by Countries
9.4.1. Europe Magnetometer Sales and Growth Rate (2017-2027)
9.4.2. Europe Magnetometer Revenue and Growth Rate (2017-2027)
9.4.3. Europe Magnetometer Sales by Countries (2017-2027)
9.4.4. Europe Magnetometer Revenue (Million USD) by Countries (2017-2027)
9.4.5. Germany
9.4.5.1. Germany Magnetometer Sales and Growth Rate (2017-2027)
9.4.5.2. Germany Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.6. UK
9.4.6.1. UK Magnetometer Sales and Growth Rate (2017-2027)
9.4.6.2. UK Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.7. France
9.4.7.1. France Magnetometer Sales and Growth Rate (2017-2027)
9.4.7.2. France Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.8. Russia
9.4.8.1. Russia Magnetometer Sales and Growth Rate (2017-2027)
9.4.8.2. Russia Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.9. Italy
9.4.9.1. Italy Magnetometer Sales and Growth Rate (2017-2027)
9.4.9.2. Italy Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.4.10. Rest of Europe
9.4.10.1. Rest of Europe Magnetometer Sales and Growth Rate (2017-2027)
9.4.10.2. Rest of Europe Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5. Asia-Pacific
9.5.1. Asia-Pacific Magnetometer Sales and Growth Rate (2017-2027)
9.5.2. Asia-Pacific Magnetometer Revenue and Growth Rate (2017-2027)
9.5.3. Asia-Pacific Magnetometer Sales by Countries (2017-2027)
9.5.4. Asia-Pacific Magnetometer Revenue (Million USD) by Countries (2017-2027)
9.5.5. China
9.5.5.1. China Magnetometer Sales and Growth Rate (2017-2027)
9.5.5.2. China Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.6. Japan
9.5.6.1. Japan Magnetometer Sales and Growth Rate (2017-2027)
9.5.6.2. Japan Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.6.3.
9.5.7. Korea
9.5.7.1. Korea Magnetometer Sales and Growth Rate (2017-2027)
9.5.7.2. Korea Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.8. India
9.5.8.1. India Magnetometer Sales and Growth Rate (2017-2027)
9.5.8.2. India Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.9. Southeast Asia
9.5.9.1. Southeast Asia Magnetometer Sales and Growth Rate (2017-2027)
9.5.9.2. Southeast Asia Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.5.10. Rest of Asia-Pacific
9.5.10.1. Rest of Asia-Pacific Magnetometer Sales and Growth Rate (2017-2027)
9.5.10.2. Rest of Asia-Pacific Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.6. South America
9.6.1. South America Magnetometer Sales and Growth Rate (2017-2027)
9.6.2. South America Magnetometer Revenue and Growth Rate (2017-2027)
9.6.3. South America Magnetometer Sales by Countries (2017-2027)
9.6.4. South America Magnetometer Revenue (Million USD) by Countries (2017-2027)
9.6.5. Brazil
9.6.5.1. Brazil Magnetometer Sales and Growth Rate (2017-2027)
9.6.5.2. Brazil Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.6. Argentina
9.6.6.1. Argentina Magnetometer Sales and Growth Rate (2017-2027)
9.6.6.2. Argentina Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.7. Columbia
9.6.7.1. Columbia Magnetometer Sales and Growth Rate (2017-2027)
9.6.7.2. Columbia Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.6.8. Rest of South America
9.6.8.1. Rest of South America Magnetometer Sales and Growth Rate (2017-2027)
9.6.8.2. Rest of South America Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7. Middle East and Africa
9.7.1. Middle East and Africa Magnetometer Sales and Growth Rate (2017-2027)
9.7.2. Middle East and Africa Magnetometer Revenue and Growth Rate (2017-2027)
9.7.3. Middle East and Africa Magnetometer Sales by Countries (2017-2027)
9.7.4. Middle East and Africa Magnetometer Revenue (Million USD) by Countries (2017-2027)
9.7.5. Saudi Arabia
9.7.5.1. Saudi Arabia Magnetometer Sales and Growth Rate (2017-2027)
9.7.5.2. Saudi Arabia Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.6. United Arab Emirates
9.7.6.1. United Arab Emirates Magnetometer Sales and Growth Rate (2017-2027)
9.7.6.2. United Arab Emirates Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.7. Egypt
9.7.7.1. Egypt Magnetometer Sales and Growth Rate (2017-2027)
9.7.7.2. Egypt Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.8. Nigeria
9.7.8.1. Nigeria Magnetometer Sales and Growth Rate (2017-2027)
9.7.8.2. Nigeria Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.9. South Africa
9.7.9.1. South Africa Magnetometer Sales and Growth Rate (2017-2027)
9.7.9.2. South Africa Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
9.7.10. Rest of Middle East and Africa
9.7.10.1. Rest of Middle East and Africa Magnetometer Sales and Growth Rate (2017-2027)
9.7.10.2. Rest of Middle East and Africa Magnetometer Revenue (Millions USD) and Growth Rate (2017-2027)
10. Company Profiles
10.1. Bartington Instruments Ltd
10.1.1. Business Overview
10.1.2. Product Portfolio
10.1.3. Strategic Developments
10.1.4. Sales, Revenue and Market Share
10.2. Cryogenic Limited
10.2.1. Business Overview
10.2.2. Product Portfolio
10.2.3. Strategic Developments
10.2.4. Sales, Revenue and Market Share
10.3. GEM Technologies
10.3.1. Business Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.3.4. Sales, Revenue and Market Share
10.4. Geometrics
10.4.1. Business Overview
10.4.2. Product Portfolio
10.4.3. Strategic Developments
10.4.4. Sales, Revenue and Market Share
10.5. Honeywell International Inc.
10.5.1. Business Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.5.4. Sales, Revenue and Market Share
10.6. Infineon Technologies AG
10.6.1. Business Overview
10.6.2. Product Portfolio
10.6.3. Strategic Developments
10.6.4. Sales, Revenue and Market Share
10.7. Institut Dr. Foerster GmbH & Co. KG.
10.7.1. Business Overview
10.7.2. Product Portfolio
10.7.3. Strategic Developments
10.7.4. Sales, Revenue and Market Share
10.8. Lake Shore Cryotronics, Inc.
10.8.1. Business Overview
10.8.2. Product Portfolio
10.8.3. Strategic Developments
10.8.4. Sales, Revenue and Market Share
10.9. Lockheed Martin Corporation
10.9.1. Business Overview
10.9.2. Product Portfolio
10.9.3. Strategic Developments
10.9.4. Sales, Revenue and Market Share
10.10.NXP Semiconductors N.V
10.10.1. Business Overview
10.10.2. Product Portfolio
10.10.3. Strategic Developments
10.10.4. Sales, Revenue and Market Share
11. Global Magnetometer Market Competition, by Manufacturer
11.1. Global Magnetometer Sales and Market Share by Manufacturer (2017-2017)
11.2. Global Magnetometer Revenue and Market Share by Manufacturer (2017-2017)
11.3. Global Magnetometer Price by Manufacturer (2017-2017)
11.4. Top 5 Magnetometer Manufacturer Market Share
11.5. Market Competition Trend
12. Magnetometer Market Forecast (2027-2023)
12.1. Global Magnetometer Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
12.2. Magnetometer Market Forecast by Regions (2027-2023)
12.2.1. North America Magnetometer Market Forecast (2027-2023)
12.2.1.1. United States Magnetometer Market Forecast (2027-2023)
12.2.1.2. Canada Magnetometer Market Forecast (2027-2023)
12.2.1.3. Mexico Magnetometer Market Forecast (2027-2023)
12.2.2. Europe Magnetometer Market Forecast (2027-2023)
12.2.2.1. Germany Magnetometer Market Forecast (2027-2023)
12.2.2.2. United Kingdom Magnetometers Market Forecast (2027-2023)
12.2.2.3. France Magnetometer Market Forecast (2027-2023)
12.2.2.4. Russia Magnetometer Market Forecast (2027-2023)
12.2.2.5. Italy Magnetometer Market Forecast (2027-2023)
12.2.2.6. Rest of the Europe Magnetometer Market Forecast (2027-2023)
12.2.3. Asia-Pacific Magnetometer Market Forecast (2027-2023)
12.2.3.1. China Magnetometer Market Forecast (2027-2023)
12.2.3.2. Japan Magnetometer Market Forecast (2027-2023)
12.2.3.3. Korea Magnetometer Market Forecast (2027-2023)
12.2.3.4. India Magnetometer Market Forecast (2027-2023)
12.2.3.5. Southeast Asia Magnetometer Market Forecast (2027-2023)
12.2.3.6. Rest of Asia-Pacific Magnetometer Market Forecast (2027-2023)
12.2.4. South America Magnetometer Market Forecast (2027-2023)
12.2.4.1. Brazil Magnetometer Market Forecast (2027-2023)
12.2.4.2. Argentina Magnetometer Market Forecast (2027-2023)
12.2.4.3. Columbia Magnetometer Market Forecast (2027-2023)
12.2.4.4. Rest of South America Magnetometer Market Forecast (2027-2023)
12.2.5. Middle East and Africa Magnetometer Market Forecast (2027-2023)
12.2.5.1. Saudi Arabia Magnetometer Market Forecast (2027-2023)
12.2.5.2. UAE Magnetometer Market Forecast (2027-2023)
12.2.5.3. Egypt Magnetometer Market Forecast (2027-2023)
12.2.5.4. Nigeria Magnetometer Market Forecast (2027-2023)
12.2.5.5. South Africa Magnetometer Market Forecast (2027-2023)
12.2.5.6. Rest of MEA Magnetometer Market Forecast (2027-2023)
12.3. Magnetometer Market Forecast by Technology (2027-2023)
12.3.1. Global Magnetometer Sales Forecast by Technology (2027-2023)
12.3.2. Global Magnetometer Sales Market Share Forecast by Technology (2027-2023)
12.4. Magnetometer Market Forecast by Product Type (2027-2023)
12.4.1. Global Magnetometer Sales Forecast by Product Type (2027-2023)
12.4.2. Global Magnetometer Sales Market Share Forecast by Product Type (2027-2023)
12.5. Magnetometer Market Forecast by Application (2027-2023)
12.5.1. Global Magnetometer Sales Forecast by Application (2027-2023)
12.5.2. Global Magnetometer Sales Market Share Forecast by Application (2027-2023)
12.6. Magnetometer Market Forecast by Form Factor (2027-2023)
12.6.1. Global Magnetometer Sales Forecast by Form Factor (2027-2023)
12.6.2. Global Magnetometer Sales Market Share Forecast by Form Factor (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Magnetometer Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|