| Product Code: ETC7374117 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to see a significant influx of magnetometers imports, with top exporting countries including Trinidad and Tobago, USA, China, Malta, and Canada. The market concentration, as measured by the HHI, increased from high to very high in 2024. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 11.37%. This indicates a sustained interest and demand for magnetometers in Grenada, with potential opportunities for further market expansion and development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Magnetometers Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Magnetometers Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Magnetometers Market - Industry Life Cycle |
3.4 Grenada Magnetometers Market - Porter's Five Forces |
3.5 Grenada Magnetometers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Magnetometers Market Revenues & Volume Share, By Form Factor, 2021 & 2031F |
3.7 Grenada Magnetometers Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Grenada Magnetometers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Grenada Magnetometers Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Magnetometers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for geophysical surveys in mineral exploration |
4.2.2 Growing adoption of magnetometers in archaeological studies and environmental research |
4.2.3 Technological advancements leading to improved accuracy and sensitivity of magnetometers |
4.3 Market Restraints |
4.3.1 High initial investment costs for advanced magnetometer equipment |
4.3.2 Limited awareness and understanding of the benefits of magnetometers in certain industries |
5 Grenada Magnetometers Market Trends |
6 Grenada Magnetometers Market, By Types |
6.1 Grenada Magnetometers Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Magnetometers Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Magnetometers Market Revenues & Volume, By Single Axis, 2021- 2031F |
6.1.4 Grenada Magnetometers Market Revenues & Volume, By 3-Axis, 2021- 2031F |
6.1.5 Grenada Magnetometers Market Revenues & Volume, By 3D, 2021- 2031F |
6.2 Grenada Magnetometers Market, By Form Factor |
6.2.1 Overview and Analysis |
6.2.2 Grenada Magnetometers Market Revenues & Volume, By Stationary Magnetometers, 2021- 2031F |
6.2.3 Grenada Magnetometers Market Revenues & Volume, By Portable/Mobile Magnetometers, 2021- 2031F |
6.3 Grenada Magnetometers Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Grenada Magnetometers Market Revenues & Volume, By MEMS, 2021- 2031F |
6.3.3 Grenada Magnetometers Market Revenues & Volume, By Magneto Resistive, 2021- 2031F |
6.3.4 Grenada Magnetometers Market Revenues & Volume, By Fluxgate/Coil, 2021- 2031F |
6.3.5 Grenada Magnetometers Market Revenues & Volume, By Hall Effect, 2021- 2031F |
6.3.6 Grenada Magnetometers Market Revenues & Volume, By Magneto Inductive, 2021- 2031F |
6.3.7 Grenada Magnetometers Market Revenues & Volume, By SQUID, 2021- 2031F |
6.4 Grenada Magnetometers Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Magnetometers Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.4.3 Grenada Magnetometers Market Revenues & Volume, By Smartphones, 2021- 2031F |
6.4.4 Grenada Magnetometers Market Revenues & Volume, By Tablets, 2021- 2031F |
6.4.5 Grenada Magnetometers Market Revenues & Volume, By Optical Storage, 2021- 2031F |
6.4.6 Grenada Magnetometers Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.4.7 Grenada Magnetometers Market Revenues & Volume, By Airborne and UAV, 2021- 2031F |
6.4.8 Grenada Magnetometers Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.9 Grenada Magnetometers Market Revenues & Volume, By Marine, 2021- 2031F |
6.5 Grenada Magnetometers Market, By Type |
6.5.1 Overview and Analysis |
6.5.2 Grenada Magnetometers Market Revenues & Volume, By Scalar Magnetometers, 2021- 2031F |
6.5.3 Grenada Magnetometers Market Revenues & Volume, By Proton Precession Magnetometer, 2021- 2031F |
6.5.4 Grenada Magnetometers Market Revenues & Volume, By Over Hauser Effect Magnetometer, 2021- 2031F |
6.5.5 Grenada Magnetometers Market Revenues & Volume, By Ionized Gas Magnetometers, 2021- 2031F |
6.5.6 Grenada Magnetometers Market Revenues & Volume, By Vector Magnetometers, 2021- 2031F |
6.5.7 Grenada Magnetometers Market Revenues & Volume, By Fluxgate Magnetometers, 2021- 2031F |
6.5.8 Grenada Magnetometers Market Revenues & Volume, By Search-Coil Magnetometer, 2021- 2031F |
6.5.9 Grenada Magnetometers Market Revenues & Volume, By Search-Coil Magnetometer, 2021- 2031F |
7 Grenada Magnetometers Market Import-Export Trade Statistics |
7.1 Grenada Magnetometers Market Export to Major Countries |
7.2 Grenada Magnetometers Market Imports from Major Countries |
8 Grenada Magnetometers Market Key Performance Indicators |
8.1 Number of new applications of magnetometers in different industries |
8.2 Rate of adoption of advanced magnetometer technologies |
8.3 Accuracy and precision levels achieved by the magnetometers in field tests |
9 Grenada Magnetometers Market - Opportunity Assessment |
9.1 Grenada Magnetometers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Magnetometers Market Opportunity Assessment, By Form Factor, 2021 & 2031F |
9.3 Grenada Magnetometers Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Grenada Magnetometers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Grenada Magnetometers Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Magnetometers Market - Competitive Landscape |
10.1 Grenada Magnetometers Market Revenue Share, By Companies, 2024 |
10.2 Grenada Magnetometers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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