The global   magnetometer market   size was valued at USD 3.64 billion in 2024. It is projected to grow from USD 3.94 billion in 2025 to USD 7.75 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period. North America accounted for the largest market share in 2024, driven by the widespread deployment of advanced magnetometer systems in defense, space exploration, and industrial applications.

Magnetometers   are precision instruments used to measure magnetic field strength and direction, and they play a critical role in applications across aerospace, marine navigation, consumer electronics, automotive systems, and geophysical surveys. As industries push toward smarter sensing technologies, the adoption of magnetometers is rising due to their compact size, accuracy, and compatibility with digital systems.

Fortune Business Insights™   displays this information in a report titled,   "Magnetometer Market Size, Share, and Global Forecast 2025–2032."

• Honeywell International Inc. (U.S.)
• Geometrics, Inc. (U.S.)
• Billingsley Aerospace & Defense (U.S.)
• AlphaLab, Inc. (U.S.)
• Applied Physics Systems (U.S.)
• Metrolab Technology SA (Switzerland)
• Bartington Instruments Ltd. (U.K.)
• FOERSTER Holding GmbH (Germany)
• Lake Shore Cryotronics, Inc. (U.S.)
• Marine Magnetics Corp. (Canada)

Information Source:

https://www.fortunebusinessinsights.com/magnetometer-market-112875

Segmentation: Magnetometer Market

Space Segment to Grow Steadily with Satellite-Based Deployments in LEO and Scientific Missions
By   platform , the market is segmented into   airborne ,   ground ,   maritime , and   space . The   space   segment is expected to witness the fastest growth due to increasing launches of LEO (Low Earth Orbit) satellites, which rely on compact and high-precision magnetometers for navigation and attitude control systems.

Aerospace & Defense to Emerge as Dominant End-User Amid Rising Investments in Geospatial Intelligence
By   end-user , the magnetometer market is categorized into   aerospace & defense ,   consumer electronics ,   marine/naval ,   automotive , and   others . The   aerospace & defense   segment held the largest share in 2024 due to extensive use in military aircraft, submarines, drones, and satellite missions requiring precise magnetic field detection.

North America Leads Global Adoption, Backed by High Investments in Space and Defense Programs
Regionally, the market is analyzed across   North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa .   North America   held the largest share in 2024, bolstered by advanced infrastructure, key magnetometer manufacturers, and robust demand from defense and space agencies such as NASA and the U.S. Department of Defense.

December 2024   – MDA Space selected Honeywell to supply Attitude Control Systems and Magnetometer Unit components, including Reaction Wheel Assemblies and 3-axis Space Rate Sensors, for the MDA AURORA satellite line. These systems will support Telesat’s LEO constellation by maintaining orientation and enhancing signal reliability and solar energy absorption.