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The Magnetometer Market is growing at a CAGR of over 5.8% during 2018-2023.

Magnetometer is a device employed to detect, measure and record magnetic fields. The device measures magnetic flux density in units of Tesla. Given the fact that the magnetic flux density in the air is directly proportional to magnetic field strength, the magnetometer is capable of detecting magnetic fluctuations in the earth’s field.

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The Magnetometer Market is growing at a CAGR of over 5.8% during 2018-2023.

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  1. The Global Magnetometer Market Is Projected To Generate More Than $1890 Million By 2023 Growing At A CAGR Of Over 5.8% During 2018-2023. Contact : sales@industryarc.com

  2. Asia Pacific dominates the Magnetometer Market and is expected to reach $666.43Million by 2023 at a CAGR of 8.3%. North America comes next with a CAGR of 5.70% during the forecast period and is expected to reach $704.67 Million by 2023. MEMS is the dominant technology in North America. This is due to the broader performance at a low cost. Contact: sales@industryarc.com

  3. Selected Analysis Done in the Full Report: Consumer electronics is the most demanding segment for the suppliers for magnetometers. The increase in the number of functionalities in smaller devices for reducing the size of electric components has encouraged the use of magnetometers. Consumer electronics consists of smart phones, tablets, cameras, TVs, and wearable devices. A gauss meter can provide navigation based services in these devices. Contact : sales@industryarc.com

  4. Excerpts Growth Factors Mentioned in the Full Report: • Recently, the sensitivity of magnetometers has been the main focus of development. An example is optical atomic magnetometers that have high sensitivity. This factor creates opportunities for the 3 axis magnetic field sensor. • Nuclear magnetic resonance, detecting bio magnetic signals from the human body, and exploring magnetic fields in space has bolstered the growth of the digital magnetometer in the coming years. Contact : sales@industryarc.com

  5. Key Players of the Magnetometer Market BOSCH Sensortec STMicroelectronics Cryogenic Limited GEM Technologies And 15+ more Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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