Digital Compass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Digital Compass Market covers analysis by Technology (Fluxgate, Hall Effect, Magnetoresistive, Others); Application (Consumer Electronics, Aerospace and Defense, Automotive, Marine, Surveying, Other Application); Sensor Type (1-Axis and 2-Axis Sensors, 3-Axis Sensors, 6-Axis Sensors, 9-Axis Sensors) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00011483
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Digital Compass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

Digital Compasses an electronic compass which customs magnetometer and an accelerometer. The global Digital Compass market is likely to have important growth rate, attributed to high demand for minerals across the globe. The rise of the global Digital Compass market is driven by rising adoption of Digital Compass in consumer electronics including wearable, tablets, and smartphones. The macroeconomic factors answerable for the rise of global Digital Compass market comprise quick ate of urbanization, rising disposable income, changing lifestyle, and rise in economies.

MARKET DYNAMICS

Rise of the wearable devices market and use of E-Compasses in Uavs and Auvs are likely to drive the Digital Compass market. Also, Potential use in augmented reality and gaming applications are likely to provide new opportunities for the Digital Compass market. The major hindering factor for global Digital Compass market is the dominance of GPS technology in advanced consumer electronics and automotive products.

MARKET SCOPE

The "Global Digital Compass Market Analysis to 2028" is a specialized and in-depth study of the Digital Compass market with a special focus on the global market trend analysis. The report aims to provide an overview of Digital Compass market with detailed market segmentation by technology, application, sensor type, . The global Digital Compass market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Digital Compass market player and offers key trends and opportunities in the Digital Compass market.

MARKET SEGMENTATION

The global Digital Compass market is segmented on the basis of technology, sensor, and application type. On the basis of technology, market is segmented as fluxate, Hall Effect, magneto resistive, and others. On the basis of application, market is segmented as consumer electronics, aerospace and defense, automotive, marine, surveying, and other application.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Compass market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Digital Compass market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Digital Compass market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Digital Compass market in these regions.

Digital Compass Market Report Analysis

Digital Compass Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Aichi Steel Corporation
  • Asahi Kasei Microdevices Corporation
  • Bosch Sensortec GmbH
  • Honeywell International Inc.
  • Invensense Inc.
  • Magnachip Semiconductor
  • Memsic Inc.
  • NXP Semiconductors N.V.
  • Oceanserver Technologies Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Technology
  • Fluxgate
  • Hall Effect
  • Magnetoresistive
  • Others
By Application
  • Consumer Electronics
  • Aerospace and Defense
  • Automotive
  • Marine
  • Surveying
  • Other Application
By Sensor Type
  • 1-Axis and 2-Axis Sensors
  • 3-Axis Sensors
  • 6-Axis Sensors
  • 9-Axis Sensors
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS


The reports cover key developments in the Digital Compass market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Digital Compass market are anticipated to lucrative growth opportunities in the future with the rising demand for Digital Compass market. Below mentioned is the list of few companies engaged in the Digital Compass market.

The report also includes the profiles of key Digital Compass market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.


  •  Aichi Steel Corporation
  •  Asahi Kasei Microdevices Corporation
  •  Bosch Sensortec GmbH
  •  Honeywell International Inc.
  •  Invensense Inc.
  •  Magnachip Semiconductor
  •  Memsic Inc.
  •  NXP Semiconductors N.V.
  •  Oceanserver Technologies Inc.
  •  ST Microelectronics N.V.


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Digital Compass Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Technology
  • Fluxgate
  • Hall Effect
  • Magnetoresistive
  • Others
By Application
  • Consumer Electronics
  • Aerospace and Defense
  • Automotive
  • Marine
  • Surveying
  • Other Application
By Sensor Type
  • 1-Axis and 2-Axis Sensors
  • 3-Axis Sensors
  • 6-Axis Sensors
  • 9-Axis Sensors
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Aichi Steel Corporation
  • Asahi Kasei Microdevices Corporation
  • Bosch Sensortec GmbH
  • Honeywell International Inc.
  • Invensense Inc.
  • Magnachip Semiconductor
  • Memsic Inc.
  • NXP Semiconductors N.V.
  • Oceanserver Technologies Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Aichi Steel Corporation
    2. Asahi Kasei Microdevices Corporation
    3. Bosch Sensortec GmbH
    4. Honeywell International Inc.
    5. Invensense Inc.
    6. Magnachip Semiconductor
    7. Memsic Inc.
    8. NXP Semiconductors N.V.
    9. Oceanserver Technologies Inc.
    10. ST Microelectronics N.V.

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