Vector Magnetics
Vector Magnetics, founded in 1980 and headquartered in Ithaca, New York, designs precision magnetic and gyro guidance systems for the horizontal directional drilling, trenchless, mining, and energy industries, sold through exclusive distributors and direct field services.
- Company typePrivate
- Founded1980
- HeadquartersIthaca, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Vector Magnetics does
Vector Magnetics LLC, founded in 1980 and headquartered in Ithaca, New York, designs and supplies precision guidance and magnetic ranging systems for the horizontal directional drilling (HDD), trenchless construction, mining, and energy industries. Its flagship offering, the ParaTrack HDD Guidance System, is a modular platform integrating a Steering Tool (with magnetic and gravity sensors), a US-built Gyro Module, P2 AC Wire Guidance, a wireless Beacon Tracker System, a Pressure Module, an At-Bit Inclination Assembly, a Magnetic Intersect toolkit, the ParaTrack Interface, and the RivCross Guidance Software, all unified under the RivCross job-data environment with Windows and Android Driller's Display access.
The company monetizes through sale of ParaTrack hardware (distributed exclusively through authorized distributors INROCK and Prime Horizontal), licensed RivCross software subscriptions, and direct field services including the Rotating Magnet Ranging System (RMRS) for active magnetic ranging, Casing Magnetization for blowout contingency and well avoidance, and custom engineering R&D. Customers include HDD contractors performing pipeline, telecom, utility, and renewable energy installations, as well as solution mining and oil and gas operators requiring wellbore intersection or relief-well capability.
Notable technical accomplishments include tens of thousands of completed ParaTrack jobs, thousands of successful Magnetic Intersects, RMRS detection range exceeding 100 meters, and casing intersection capability down to four inches in diameter. The company has executed multiple record-setting projects, including the 2024 dual 4027m Ganga River crossing in India, a 23,000-foot Congo River pipeline crossing, and a 1340m Norwegian gondola cable installation through granite. Vector Magnetics operates as a privately held LLC with 11-50 employees, no disclosed external funding, and no recent M&A activity.
Vector Magnetics firmographics
Firmographics- Name
- Vector Magnetics
- Legal name
- Vector Magnetics LLC
- Website
- https://vectormagnetics.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Vector Magnetics, founded in 1980 and headquartered in Ithaca, New York, designs precision magnetic and gyro guidance systems for the horizontal directional drilling, trenchless, mining, and energy industries, sold through exclusive distributors and direct field services.
- Ownership category
- akta.pro rank
Vector Magnetics industry classification
Industry- Product category
- Horizontal Directional Drilling Guidance Equipment
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Magnetic Sensors (Hall/Magnetoresistive/Compass) (HDAHALAC)
- akta.pro secondary industry
- Transformers & Magnetics (Power/Signal) (HDAHANAD)
Keywords
Where Vector Magnetics is headquartered
LocationHeadquarters
- HQ city
- Ithaca
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Vector Magnetics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel
Revenue model
- Hardware Sales - ParaTrack Guidance Tools: Sale of ParaTrack HDD guidance hardware including Steering Tool, Gyro Module, P2 AC Wire Guidance, Beacon Tracker System, Pressure Module, At-Bit Inclination Assembly, and Interface. Products are sold exclusively through authorized distributors INROCK and Prime Horizontal.
- Rotating Magnet Ranging Service (RMRS): Active magnetic ranging service for subsurface wellbore intersection. Provides independent proximity measurements with engineers on-site and remote support. Used for solution mining, coal bed methane, and HDD applications.
- Casing Magnetization Service: Cost-effective service for increasing detectable range of down-hole casing via passive magnetic methods. Includes kit deployment from New York and Norway with rapid global deployment capability.
- Custom R&D Solutions: Custom-engineered solutions and development of entirely new tools and techniques for projects with unique drilling challenges. Staff of scientists and engineers provide design, implementation and completion services.
- RivCross Software: Guidance software that integrates ParaTrack product data. Licensed to users with approved accounts. Software updates and product documentation available through licensed user portal.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based hardware and service pricing through authorized distributors |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Vector Magnetics product offering
Product offeringCore offering
The input provided contains no substantive source material describing Vector Magnetics' offerings. No product or service descriptions could be grounded in the supplied sources.
Product overview
Vector Magnetics offers the ParaTrack HDD Guidance System, a complete Horizontal Directional Drilling guidance platform that scales in capabilities according to project needs. The core system includes the Steering Tool (which unifies steering, surveying, tracking, and logging), supplemented by modular add-ons: Gyro Module for interference-prone areas, Pressure Module for real-time annular pressure monitoring, P2 AC Wire Guidance for survey verification, Beacon Tracker System for wireless surface tracking, At-Bit Inclination Assembly for tight-radius bores, Magnetic Intersect for dual-bore intersections, Interface for power and connectivity, and RivCross Software for unified data management. Beyond ParaTrack, Vector Magnetics provides services including the Rotating Magnet Ranging System (RMRS) for active magnetic ranging, Casing Magnetization Service for passive magnetic detection, and Custom Engineering Solutions for unique drilling challenges. The company serves the trenchless, mining, and energy industries with over 40 years of experience.
Differentiator
Problem solved
Functional benefit
Brands
- ParaTrack: Complete Horizontal Directional Drilling pilot bore guidance system designed for maximum flexibility, scaling in capabilities according to the needs of each project. Includes Gyro Module, Steering Tool, Pressure Module, P2 AC Wire Guidance, Beacon Tracker System, At-Bit Inclination Assembly, Magnetic Intersect, and Interface.
- RivCross
- Rotating Magnet Ranging System (RMRS)
Quantifiable outcome
- World record 4027m dual HDD Ganga River crossing completed in 76 days ahead of schedule
- +4 more outcomes
Companies that use Vector Magnetics
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles1 record
Vector Magnetics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature11 records
Vector Magnetics partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- INROCKcoreINROCK is the HDD industry-recognized global leader in performance drilling tools, equipment and services. Authorized exclusive distributor for ParaTrack HDD guidance technology with sales and operations facilities in USA (Houston, TX), UK (Hove, East Sussex), Canada, and Latin America. INROCK operates the ParaTrack Steering Tool and provides field support for ParaTrack users.
- Prime HorizontalcorePrime Horizontal's mission is to develop and provide innovative guidance products and solutions for difficult HDD projects. Authorized exclusive distributor for ParaTrack technology serving from Houston, TX and Beverwijk, Netherlands (Prime Horizontal BV).
- AGRminorAGR provides Casing Magnetization kit deployment from bases in New York and Norway. Partnership enables rapid global deployment of casing magnetization services for blowout contingency, high-resistivity zones, and well avoidance applications.
- Schenk, AGminorSchenk, AG collaborated with Prime Horizontal on the Romsdal Gondola HDD project in Norway. Project involved world record punch out with 690m elevation gain.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Vector Magnetics competitors and assessment
Company assessmentDirect peers
- Digital Control Incorporated (DCI / DigiTrak): DCI's DigiTrak is the dominant HDD pilot bore guidance system globally, offering walkover locators, steering tools, and tracking equipment. It is the closest direct competitor to Vector Magnetics' ParaTrack in the trenchless construction market.
- Subsite Electronics: Subsite (part of Ditch Witch/Charles Machine Works) manufactures HDD locating and guidance tools for utility installation contractors. It directly competes with ParaTrack in the HDD contractor tool market.
- Gyrodata: Gyrodata provides gyro surveying services and tools for directional drilling applications, including challenging HDD wells. It is the most direct comparable to Vector Magnetics' ParaTrack Gyro Module offering.
Others
- McLaughlin Group: Boart Longyear provides drilling services and products for mining, energy, and infrastructure projects, intersecting with Vector Magnetics' mining and infrastructure drilling customers but from a drilling contractor and tooling perspective rather than guidance.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Vector Magnetics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vector Magnetics leadership team
Management profileNumber of profiles
Vector Magnetics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vector Magnetics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vector Magnetics
What does Vector Magnetics do?
The input provided contains no substantive source material describing Vector Magnetics' offerings. No product or service descriptions could be grounded in the supplied sources.
Is Vector Magnetics a public or private company?
Vector Magnetics is a private company. It is classified as unknown and is currently operating.
When was Vector Magnetics founded?
Vector Magnetics was founded in 1980. It employs 11 to 50 people.
Where is Vector Magnetics based?
Vector Magnetics is headquartered in Ithaca, United States, in the North America region.
How does Vector Magnetics make money?
Five revenue lines are on record. Hardware Sales - ParaTrack Guidance Tools are the primary driver. The others are rotating Magnet Ranging Service (RMRS), casing Magnetization Service, custom R&D Solutions and rivCross Software.
Who are Vector Magnetics's main competitors?
Direct peers on record are Digital Control Incorporated (DCI / DigiTrak), Subsite Electronics and Gyrodata. McLaughlin Group is listed as an others.
Does Vector Magnetics have an API?
No public API is recorded for Vector Magnetics.
What industry is Vector Magnetics in?
Vector Magnetics's product category is Horizontal Directional Drilling Guidance Equipment. Its primary akta.pro industry code is HDAHALAC, Magnetic Sensors (Hall/Magnetoresistive/Compass), with a secondary code of HDAHANAD, Transformers & Magnetics (Power/Signal). Its NAICS code is 333132 and its SIC code is 3533.