Yes, Earth's magnetosphere is weakening, a trend observed over the past few centuries. Data from the European Space Agency's Swarm mission and other geomagnetic studies indicate that the magnetic field has lost about 10-15% of its strength since the 19th century, with the South Atlantic Anomaly being a notable weak spot. This weakening allows more solar and cosmic radiation to penetrate deeper into the atmosphere, as the magnetosphere's protective shield is less effective.
For instance, paleomagnetic records and satellite measurements show the dipole moment (a measure of magnetic strength) is decreasing at a rate of about 5% per century. This could lead to increased exposure to solar wind and cosmic rays, potentially affecting atmospheric chemistry, climate, and technological systems like satellites or power grids. Some regions, like the South Atlantic, already experience higher radiation doses due to this.
However, the magnetosphere is still robust enough to provide significant protection, and a complete collapse isn’t imminent. The weakening is part of natural geomagnetic cycles, possibly linked to an upcoming pole reversal (last occurred ~780,000 years ago), though such events take thousands of years. If you want specifics on radiation impacts or data from recent studies, I can dig deeper—let me know!