Permanent Magnet Material Automatic Measuring Device Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.2% from 2026 to 2033.
In the rapidly evolving industrial landscape of South Korea, the demand for precision in manufacturing has led to significant advancements in measurement technologies. Among these, the Permanent Magnet Material Automatic Measuring Device Market has emerged as a critical component in ensuring the quality and performance of magnetic materials used across various sectors.
South Korea's metrology equipment market, which includes devices for measuring physical properties of materials, was valued at USD 261.6 million in 2024 and is projected to reach USD 388.9 million by 2030, growing at a compound annual growth rate (CAGR) of 7% from 2025 to 2030. Within this market, coordinate measuring machines (CMM) held the largest revenue share, while Optical Digitizer and Scanner (ODS) devices are expected to witness the fastest growth during the forecast period. These trends underscore the increasing emphasis on precision measurement in the country's industrial sectors.
The Permanent Magnet Material Automatic Measuring Device Market is driven by the growing application of permanent magnets in industries such as automotive, electronics, and energy. These devices are essential for assessing the properties of magnetic materials, ensuring they meet stringent quality standards. The global market for these measuring devices was valued at USD 1.5 billion in 2022 and is projected to reach USD 3.0 billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030. This growth reflects the escalating demand for accurate measurement solutions in the production of high-performance magnetic components.
In South Korea, the automotive industry, in particular, has shown a robust demand for permanent magnet materials, especially with the rise in electric vehicle (EV) production. The country's EV output increased from 230,000 units in 2021 to 350,000 units in 2022. To support this growth and reduce reliance on imports, South Korean firm Seonglim Advanced Industrial completed a 1,000 t/yr neodymium-based rare earth permanent magnet plant in 2023, marking the nation's first such production facility. This development is expected to strengthen the domestic EV supply chain and decrease dependence on foreign sources for critical components.
Furthermore, South Korea is home to approximately 752 permanent magnet suppliers, exporting to 824 buyers globally. Leading companies such as MAGTRON CO LTD and LG DISPLAY CO LTD have been instrumental in meeting both domestic and international demand. The presence of these suppliers highlights the country's capability in producing and measuring high-quality magnetic materials.
The integration of advanced measurement devices is not limited to the automotive sector. Industries such as aerospace, electronics, and medical devices also require precise measurement of magnetic materials to ensure the reliability and efficiency of their products. The adoption of automatic measuring devices equipped with digital and wireless technologies has enhanced the accuracy and efficiency of quality control processes across these sectors.
As South Korea continues to advance its manufacturing capabilities, the role of Permanent Magnet Material Automatic Measuring Devices becomes increasingly vital. The emphasis on precision, coupled with the country's commitment to technological innovation, positions South Korea as a significant player in the global market for magnetic measurement solutions.
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Dexing Magnet
TUNKIA
China Rare Earth Magnet Limited
AMT&C Group
Hunan Forever Elegance Technology
LINK JOIN
Hunan Dosi Measurement and Control Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Permanent Magnet Material Automatic Measuring Device Market
Magnetic Field Strength Meters
Gaussmeters
Magnetometers
Flux Meters
Thermal Measurement Devices
Research and Development
Quality Control and Assurance
Production and Manufacturing
Field Testing
Material Characterization
Aerospace
Automotive
Electronics
Medical Devices
Energy and Power
Digital Measuring Devices
Analog Measuring Devices
Wireless Measuring Devices
Portable Measuring Devices
Embedded Measuring Systems
Manufacturers
Research Institutions
Testing and Calibration Laboratories
Educational Institutions
Industrial Users
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Permanent Magnet Material Automatic Measuring Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Permanent Magnet Material Automatic Measuring Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Permanent Magnet Material Automatic Measuring Device Market, By Type
6. South Korea Permanent Magnet Material Automatic Measuring Device Market, By Application
7. South Korea Permanent Magnet Material Automatic Measuring Device Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Permanent Magnet Material Automatic Measuring Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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