In engineering practice, instruments, such as accelerometer and laser interferometer, are widely used in vibration measurement of structural parts. A method for using a triaxial fluxgate magnetometer as a microvibration sensor to measure low-frequency pendulum microvibration (not translational vibration) is proposed in this paper, so as to detect vibration from low-frequency vibration sources, such as large rotating machine, large engineering structure, earthquake, and microtremor. This method provides vibration detection based on the environmental magnetic field signal to avoid increased measurement difficulty and error due to different relative positions of permanent magnet and magnetometer on the device under test (DUT) when using the original magnetic measurement method. After fixedly connecting the fluxgate probe with the DUT during the test, the angular displacement due to vibration can be deduced by measuring the geomagnetic field’s magnetic induction intensity change on the orthogonal three components during the vibration. The test shows that the microvibration sensor has angular resolution of over 0.05° and maximum measuring frequency of 64 Hz. As an exploring test aimed to detect the microvibration of earth-orbiting satellite in the in-orbit process, the simulation experiment successfully provides the real-time microvibration information for attitude and orbit control subsystem.