Atomic Magnetometers Market: Competitive Analysis & Geographical Prospects

Atomic Magnetometers Market: Snapshot

The global atomic magnetometers market is expected to gain momentum during the forecast period on account of its low maintenance, initial, and labor cost. Atomic magnetometers are devices used for detecting sensitivity in magnetic fields and is used in a large number of applications such as detecting biomagnetic fields in relation to the human brain or locating underground structures that are unexploded. The increasing number of mining activities may also add boost to the growth of this market.

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The atomic magnetometers market is categorized on the basis of product, channels, end users, application, and region. In terms of product, the market is classified into cold atomic magnetometers, and spin-exchange relaxation-free (SERF) magnetometer. In terms of channel, the market is bifurcated into direct sales and distributor. Based on end users the market is classified into medical, biological, and others. With respect to application, the market is divided into nuclear magnetic resonance, and magnetic resonance imaging. The market is expected to attract high revenues from the SERF segment as these magnetometers eliminates the decoherence of atomic spin as a result of spin-exchange collisions among the alkali metal atoms and is better than the traditional magnetometers in terms of both performance and efficiency.

The report on the global atomic magnetometers market offers a qualitative and quantitative analysis of the market, its positive and negative aspects. It discusses factors driving, repelling, restricting, and creating opportunities for the growth of the market. List of players operating in this market, and their key strategies to gain a competitive edge are also listed in the report. An elaborate overview of TMRs (Trends, Manufacturers, and Regions) related to the global atomic magnetometers market is offered in the report.

The report also discusses the impact of COVID-19 on the atomic magnetometers market and the possible outcomes or challenges that it may face during the forecast period, 2020-2030.

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Atomic Magnetometers Market: Competitive Analysis

The atomic magnetometers market is fragmented in nature on account of the presence of multiple players. Some of them are Sinclair Research Center, Inc., The University Of New Mexico, University of California, Lawrence Berkley National Laboratory, Intel Corporation, Singer Company, Charles Stark Draper Laboratory, Inc., Conon, Inc., Georgia Tech Research Corporation, Southwest Sciences, Inc., Varian Associates, Sinclair Research Center, Inc., Sandia National Laboratories.

Most of these players are investing massively in research and development and the production of atomic magnetometers. Government support for these activities, coupled with the availability of suitable infrastructure is also helping these companies gain a competitive edge in the market.

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Atomic Magnetometers Market: Key Trends

The latest advancements in atomic magnetometers have opened new growth opportunities for the market. The fact that magnetometers are used for detecting the interaction between the magnetic field and the alkali metal atoms and have the capability of detecting impurities in magnet will also help this market gain impetus in the forecast period.

On the contrary, design issue that engineers face and the need to regularly heat the magnetometer sensor vapor cell before performing operations may hamper the growth of the market. Nevertheless, the fact that these devices can eliminate the chances of any interference during magnetic imaging is expected to help this market attract high revenue in the coming years.

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Atomic Magnetometers Market: Geographical Prospects

Regionwise, the market is widespread into North America, Europe, South America, the Middle East and Africa, Latin America, and Asia Pacific. These regions are further segmented on the basis of nations. Among these, the market is dominated by North America followed by Europe. This is accountable to the extensive research and development activities and major investments on the same by nations such as Canada and the U.S. The market in Asia Pacific is expected to draw significant revenues during the forecast period on account of major contributions from nations such as Japan and Korea.

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