Magnetometer Market Estimated to Reach USD 5.5 Billion by 2031: Size, Scope, and Revenue Opportunities
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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