Global E-Compass Market, By Technology (Fluxgate, Hall Effect, Magnetoresistive, Others), Type (1 and 2 Axis, 3 Axis, 6 Axis, 9 Axis), Application (Consumer Electronics, Aerospace and Defense, Automotive, Surveying, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of E-Compass Market
E-compass market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the e-compass market to exhibit a CAGR of 12.5% for the forecast period of 2021-2028.
E-compass is an electronic compass and is basically identifies the earth's magnetic field to get the correct directional way and uses a magnetometer and an accelerometer. The major purpose of the E-compass is to provide navigation that’s the reason it used in GPS navigation equipment and antenna positioning equipment. It plays a vital role in the location-based services and used in several other applications including transportation, military and construction.
The surge in demand for e-compass in electronic gadgets such as smartphone, tablets, wearable devices and miniaturization of the sensor packages to be competently integrated into the portable electronics products emerge as the major factor driving market growth. Prevailing the usage of e-compass in Uavs and Auvs, rising disposable income, and changing lifestyle will further aggravate the market value. However, the threat of widely spread GPS technology and technical lacking while providing accurate mapping of the geomagnetic maps is a restraint for the market.
In addition to this, growing demand for E-compass sensors based on magneto-resistive technology create new opportunities for growing the market within the forecast period. The e- compass issues at providing accuracy and calibration will dampen the growth rate, resulting in a challenge for the market.
This e-compass market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on e-compass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global E-Compass Market Scope and Market Size
The e-compass market is segmented on the basis of technology, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of technology, the e-compass market has been segmented into fluxgate, hall effect, magnetoresistive and others.
- On the basis of type, the e-compass market is segmented into 1 and 2 axis, 3 axis, 6 axis and 9 axis.
- On the basis of application, the e-compass market is segmented into consumer electronics, aerospace and defense, automotive, surveying, marine and others.
E-Compass Market Country Level Analysis
The e-compass market is analyzed and market size, volume information is provided by technology, type and application as referenced above.
The countries covered in the e-compass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the e-compass market due to huge market for consumer electronics and high investments for introducing cutting-edge technology-based devices during the forecast period. The Asia-Pacific region is projected to undergo substantial during the forecast period due to the large number of consumer electronics manufacturers who buy e-compass sensors and the demand for portable electronics products that deploy these sensors within the region.
The country section of the e-compass market report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and E-compass Market Share Analysis
The e-compass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to e-compass market.
The major players covered in the e-compass market report are TDK Corporation, Asahi Kasei Corporation., MEMSIC Semiconductor (Tianjin) Co., Ltd, AICHI STEEL CORPORATION., Honeywell International Inc, NXP Semiconductors, Bosch Sensortec GmbH, STMicroelectronics, Magnachip, PNI Sensor, truenorthitg, Garmin Ltd, Texas Instruments Incorporated, Sparton, KuSaBa Engineers Private Limited., BARIGO Barometerfabrik GmbH, Koden Electronics Co., Ltd., Jewell Group, Airmar Technology Corp, NAVICO among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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