Magnetometer Market is projected to grow at a CAGR of 6.5%, reaching USD 5.5 billion by 2031.
The magnetometer market is expected to expand at a steady CAGR of 6.5% from 2022 to 2031. Key growth drivers include the increasing adoption of magnetometers in autonomous vehicles, military applications, and industrial automation. Additionally, the rising demand for high-precision magnetometers in geophysical surveys and mineral exploration is further accelerating market growth.
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