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